Walmart, which operates the largest US retail chain, has announced the sale of a majority stake in Japan's Seiyu supermarket chain. Walmart sells 85% of the company's shares for 172.5 billion yen ($1.6 billion) to the U.S. investment fund KKR (which will hold a 65% stake in Seiyu) and Japanese online retailer Rakuten (which will hold a 20% stake). Walmart retains a 15% stake in Seiyu. The chain...

The world’s richest man, founder of the online retialer Amazon, Jeff Bezos, has donated $791 million to 16 environmental organisations. They will receive money from the "Bezos Earth Foundation". The billionaire wrote in Instagram that these organisations "are working on innovative, ambitious and dynamic solutions". The money will go to the World Wildlife Fund (WWF), ClimateWorks Foundation,...

The Securities and Exchange Commission (SEC) has accused John Stumpf, former Chairman and CEO of Wells Fargo, one of the largest banks in the United States, and Carrie Tolstedt, former Head of Consumer Banking at Wells Fargo, of providing inaccurate information to investors about the performance of consumer banking at Wells Fargo. It is reported that between 2014 and 2016, former top managers of...

During the same time, passenger traffic decreased by 95 percent, to 1.5 million people. This was stated in a report circulated by the Dubai-based airline on Thursday. Over the same period last year, the airline generated revenue of $235 million. The airline's previous losses were recorded for the fiscal year 1987-1988. The Chairman and CEO of Emirates Airlines and the Emirates Group of...

Pfizer's CEO Albert Bourla sold the company's shares for $5.6 million on the day the company, together with BioNTech, declared the vaccine to be 90% effective against coronavirus. Following the news of the success of the drug, the company's shares grew by 15%. On November 9, Albert Bourla, CEO of Pfizer, USA, sold 132,508 shares of the company under his control at a price of $41.94 each,...

The producer of artificial meat products Beyond Meat presented its financial report for the third quarter of the year. The results of which were noticeably worse than analysts predicted. As a result, the company's shares have slipped 28 per cent at over-the-counter trading. According to the report, Beyond Meat's revenue for the third quarter was $94.4 million, 2.7% better than last year's...

On Monday, McDonald`s presented its reporting for the third quarter. The corporation's revenues decreased by 2% compared to the same period in 2019, to $5.4 billion. At the same time, the figures showed a recovery from the previous quarter, when revenues fell by 30 per cent due to lockdown measures being introduced in different countries.  The company's net profit grew by 10% to $1.8...

Warren Buffett’s Berkshire Hathaway bought back its shares in the third quarter for a record $9 billion. This move was due to the negative impact of the coronavirus on companies owned by the investment company. Berkshire Hathaway, an investment holding managed by billionaire Warren Buffett ($79 billion, according to Forbes Real-Time), bought back its own shares for $9 billion in the third quarter...

General Motors (GM) increased its net profit in the third quarter by 74% (to $4 billion) compared to the previous year, according to the company's financial report. This result turned out to be much better than predicted by analysts interviewed by FactSet. After the announcement of the results, the carmaker's shares rose by approximately 4.5%. The American concern managed to fully recover from...