Companies & CEOs
US clothing manufacturer Forever 21 files for bankruptcy - 09/30/2019
American clothing manufacturer Forever 21, Inc. filed a bankruptcy petition in the US court. The company noted in a statement that it is undergoing a bankruptcy reform process in preparation for closing non-profit stores around the world. “This does not mean that we are leaving the business. On the contrary, filing an application for bankruptcy is a deliberate and decisive step that guarantees us...
ExxonMobil is selling its Norwegian assets for $ 4.5 billion - 09/27/2019
ExxonMobil, an American oil and gas company, has reached an agreement on the sale of its Norwegian exploration and oil production assets to local Var Energy for $ 4.5 billion, Exxon said in a press release. The assets include Exxon's shares in more than 20 existing fields, with most of them being operated by the Norwegian Equinor. The total production at these fields is about 150 thousand barrels...
McKinsey Consulting to open underwear and cosmetics store - 09/27/2019
McKinsey will open a store in the largest shopping center in the United States. The company will invite third-party brands to try new technologies in offline retail and understand how traditional stores can withstand the Internet, and first of all, Amazon. The McKinsey store will open on Friday, September 27, at the Mall of America in a suburb of Minneapolis (USA), writes the Financial Times. At...
Xiaomi to apply for $ 1 bln loan - 09/26/2019
Xiaomi, a Chinese manufacturer of smartphones and other consumer electronics, intends to apply for a loan of $ 1 billion. To do this, the company has already begun negotiations with potential lenders, Bloomberg news agency reported citing people familiar with the situation. The last time when the Chinese electronics manufacturer took a loan was in 2017. According to the agency, now the company is...
German prosecutor's office accuses Volkswagen of market manipulation - 09/26/2019
According to the prosecutor's office, VW top managers were too late to inform the exchanges about manipulation of diesel exhaust data, and thereby affected exchange rates. The Braunschweig prosecutor’s office sued executives of the Volkswagen automobile group, accusing them of market manipulation. Hans Dieter Pötsch, Supervisory Board Chairman, Herbert Diess, Chairman of the Board, and Martin...
Five richest Americans lose $ 6.5 billion after Trump impeachment inquiry announced - 09/25/2019
The U.S. House of Representatives announced an inquiry to begin the impeachment of Donald Trump. The reason was his conversation with Ukrainian President Vladimir Zelensky. Against the background of this news, US stock indexes showed the largest drop in a month, and fortunes of the five richest Americans declined in total by almost $ 6.5 billion. CBS News-5 ч. назад At the close of trading on...
AB InBev raises $ 5 billion during IPO in Hong Kong - 09/24/2019
The world's largest brewing company, Anheuser-Busch InBev SA (AB InBev), raised about $ 5 billion through an IPO of its Asian business, Budweiser Brewing Company APAC, on the Hong Kong Stock Exchange. The placement took place with the second attempt: the company planned to hold the event earlier, but in July interrupted preparations, citing market conditions. AB InBev sold 1.262 billion shares of...
Boeing takes on compensations for 737 MAX - 09/23/2019
Icelandic air carrier Icelandair has become one of the first airlines to agree with Boeing on compensation for the suspension of 737 MAX aircraft operation. Similar negotiations with many other airlines are also underway. According to experts, the costs of downtime of 737 MAX, whose flights which have not yet been resumed, has already reached $ 9 billion. Icelandic Icelandair said it has been...
Number of migrants grows to 272M people, makes up 3.5% of global population - 09/18/2019
Growing number of international migrants in the world continues to outstrip the world's population growth. The figure has already amounted to 272 million people, continuing the upward trend in all regions of the world, the UN report says. Number of international migrants in the world reached 272 million people in 2019, which is 51 million more compared to 2010. Currently, international migrants...
What challenges the future holds for new Alibaba CEO? - 09/15/2019
On September 10, Alibaba chairman of the board Jack Ma retired, leaving the seat for the holding’s CEO Daniel Zhang. He has been working in Alibaba since 2007, having started from the position of financial director of the Taobao trading platform. In 2011, Zhang headed the Tmall marketplace, in 2013 he became the financial director of Alibaba holding worth $ 460 billion, and in 2015 was appointed...
