Companies & CEOs
Jamie Oliver’s restaurants in the UK announce bankruptcy - 05/22/2019
The well-known British chef, TV presenter and restaurateur Jamie Oliver announced bankruptcy of his 25 restaurants in the UK. Experts note that Mr. Oliver’s establishments could not withstand competition from other participants of the restaurant market in the casual segment. “I’m just shocked that our favorite restaurants in the UK are forced to come under external control. I’m deeply saddened by...
Google switches online shopping on - 05/21/2019
16 years ago, Google launched the Froogle service. It allowed users to search for products and compare prices from different vendors. Over the years, Google has evolved from just a successful Internet search engine to a corporation with a huge portfolio of online services. The company's attitude towards online trading has also changed. Froogle first turned into Google Product Search when it was...
BofA names top 10 companies to invest in during the trade war - 05/21/2019
Wall Street analysts are still trying to find firms capable of withstanding the US-China trade tensions. Meanwhile, Bank of America has conducted a more rigorous selection process. Bank experts made a list of 10 companies that, even in the worst scenario, will be able to survive a full-scale trade war between the two economic superpowers. BofA analysts explain their choice by saying that these...
Microsoft, Sony announce joint online entertainment and games projects - 05/20/2019
Sony’s Head Kenichiro Yoshida and Microsoft’s Head Satya Nadella signed a memorandum of understanding. Two competing corporate divisions - Microsoft Xbox and Sony PlayStation - will collaborate in the field of streaming. "In accordance with the memorandum of understanding signed by the parties, both companies are planning to jointly develop future cloud solutions in Microsoft Azure to support...
Huawei: Restricting business in the US will result in sluggish development of 5G - 05/16/2019
Chinese technology giant Huawei Technologies said that attempts to remove it from doing business in the United States will lead the country to lag behind in the development of next-generation mobile networks, according to CNBC. US President Donald Trump on Wednesday signed a decree that gives the government the authority to block information and communications technology transactions that "pose...
US couple wins $2 mlrd payout against Bayer’s Roundup herbicide - 05/15/2019
California jury ordered Bayer, the German chemical and pharmaceutical concern, to pay more than $ 2 billion to an American couple on the Roundup herbicide case. According to the plaintiffs, the glyphosate in the composition of weed control produced by the American company Monsanto, which Bayer acquired last year, contributed to development of cancer in them. The prosecution also tried to convince...
Toshiba's net profit grows by 7% for a year - 05/13/2019
Net profit of the Japanese Toshiba Corporation for the 2018-2019 fiscal year ended March 31, increased by 7% to 1.013 trillion yen ($ 9.2 billion), according to the company’s reports. Earnings per share for the year stood almost unchanged, and just rose to 1.641 thousand yen ($ 14.9) from 1.628 yen ($ 14.8). Revenue decreased by 6.5% to 3.693 trillion yen ($ 33.5 billion), operating profit fell...
Buffet's Berkshire Hathaway gets in a solar energy Ponzi scheme - 05/09/2019
The financial corporation had to write off assets in the amount of $ 377 million after bankruptcy of DC Solar, which the FBI called the Ponzi scheme. Berkshire Hathaway Chairman of the Board of Directors and Chief Executive Officer Warren Buffett remains one of the richest people in the world, ranking 4th, according to the Bloomberg Billionaire Index, with a fortune of $ 88.7 billion. However,...
Gucci returns to beauty shops - 05/08/2019
Gucci creative director Alessandro Michele, who took this post in 2015, finally got his hands on decorative cosmetics: the Italian brand presented an updated lipstick line. The cosmetic collection developed by Michele also features products for skin, eyes, and so on. Gucci cosmetics appeared in 2014. The original concept’s authors were the then creative director of the brand Frida Giannini and...
Toyota's annual profit falls by 24.5% - 05/08/2019
Net profit of the Japanese automaker Toyota Motor Corp. decreased in the last fiscal year by 24.5%, despite the growing revenue and car sales. The company projects profit growth in the current fiscal year, but the forecast was worse than market expectations. The company's net profit at the end of the financial year, which ended on March 31, 2019, fell by 24.5% to 1.88 trillion yen ($ 17.07...
