Companies & CEOs
Volvo hits sales record - 02/08/2019
The Swedish company Volvo Cars announced results of 2018: car sales rose to a record in the company's history. "Net revenue increased significantly by 21% and amounted to 252.7 billion Swedish kronor, which was the result of the best sales in the history of the company in the amount of 642,253 cars, which is 12.4% more than in 2017," the company said in a press-release. Operating profit grew by...
Will PDVSA survive 2019? - 02/08/2019
The US increased pressure on Venezuelan President Nicolas Maduro by imposing sanctions against the state-owned oil company Petroleos de Venezuela (PDVSA): its assets in the US in the amount of $ 7 billion were frozen. Thus, Washington hopes to deprive Maduro of virtually the only source of hard currency and force him to resign. In turn, President is not going to give up yet, but the situation is...
Hotel booking sites are caught in lies - 02/07/2019
The UK Competition and Markets Authority (CMA) has obliged a number of the largest and most popular online hotel booking sites, including Expedia, Booking.com, Agoda, Hotels.com, ebookers and trivago, to change their working methods and not mislead consumers. According to the authorities, the aggregators regularly concealed additional charges, did not explain principles for evaluating hotels and...
First Tesla Model 3 come to Europe - 02/07/2019
The American manufacturer of electric vehicles Tesla Incorporated carried out the first delivery of Model 3 cars to Europe, writes Electrek. According to the newspaper, the first batch of electric vehicles assembled at the automaker's Californian factory arrived in the Belgian port Zeebrugge by the Glovis court. The next batch is expected in the next few days. It is expected that 3,000 Model 3...
Estee Lauder shares jump record high - 02/06/2019
American cosmetics company Estee Lauder Cos Inc reported a sharp increase in profits in the second quarter of the current fiscal year and raised its forecast for the 2019 financial year as a whole. Estee Lauder shares jumped 14% in price at the start of trading on Tuesday, at a record pace in seven years. Over the past 12 months, the company's capitalization has increased by 16%, to $ 49.4...
Tesla buys Maxwell Technologies for $ 218 mln - 02/05/2019
US Tesla bought Maxwell Technologies, acompany that produces ultracapacitors, batteries and other components. The price amounted to $ 200 mln, and the board of directors of Maxwell approved the deal unanimously. The transaction is expected to be fifnished in the middle of this year. Information about the transaction has already led to an increase in Maxwell Technologies' quotations on the stock...
Nissan to stop production of X-Trail in the UK - 02/04/2019
Japanese automaker Nissan Motor Co. abandoned plans for production of SUVs X-Trail at a factory in the UK, pointing out at uncertainty around Brexit, Bloomberg reports. "We understand that this will be a disappointment for our British team and partners," said Gianluca De Ficchy, head of the European division of Nissan on Sunday. “Although we made this decision for business reasons, the...
Alibaba's profit in Q3 exceeds expectations - 01/31/2019
Chinese Internet giant Alibaba Group Hodling Ltd has significantly increased its net profit and revenue in the third fiscal quarter. The company’s profits exceeded forecasts, but revenues did not meet expectations. According to a press release from Alibaba, net profit in October-December 2018 increased by 37%, to 33.05 billion yuan ($ 4.81 billion) compared to 24.07 billion yuan a year earlier....
Wonderbox shaping the European gift box market - 01/29/2019
The French gift box leader is pursuing its expansion, with a new strategy of its own. After years of organic development, Wonderbox has been acquiring competitors in Europe to fuel its growth further. At the heart of the new strategy, which has succeeded in securing the very existence of a market which was nascent just years ago, lies the concept of “mutual growth”. At the turn of the century,...
Analysts: Intel will increase dividend yield - 01/29/2019
Intel’s revenue grew by 9% to $ 18.7 billion in the fourth quarter due to the growing demand for chips from companies providing cloud services and personal computers, but it was lower than the forecast value of $ 19.01 billion. Net profit was $ 5.2 billion compared with a loss a year earlier. Adjusted EPS rose to $ 1.28 per share and exceeded expectations - $ 1.22. However, analysts expect a...
