Companies & CEOs
NBER: Economic activities of US mega-companies have not grown in 60 years - 02/19/2019
Contrary to popular belief, American “superstar companies” have not become larger and more productive over the past 60 years, and since 2000 their contribution to overall productivity growth has decreased by almost 40%, the National Bureau of Economic Research Bureau (NBER) said in a report. Bureau analysts suggest that the reasons for this may be a decrease in competition due to the influence of...
Jean-Charles Naouri, from big bets to winning moves - 02/14/2019
Being an industry leader requires a host of qualities: Patience. A deep understanding of the industry and of financial markets. The ability to weather a crisis. But the most important quality? Being a visionary strategist. Casino Group CEO and Chairman Jean-Charles Naouri has these attributes in spades. It would have been perfectly acceptable, and accepted, for Jean-Charles Naouri to remain in...
Lufthansa sues its passenger, accuses him of cheating - 02/14/2019
One of the largest airlines in the world, Lufthansa, demands monetary compensation from a passenger who in April 2016 used a common method to reduce the cost of air travel without flying to the end of the connecting route, but remained in the transfer city. The airline insists that this practice is a violation of the contract of carriage, and demands a compensation of € 2,112. The way to save on...
Airbus stops producing the largest passenger airliner since 2021 - 02/14/2019
The European Airbus concern stops production of the A380 airliner since 2021. The decision was made due to lower demand for the aircraft by Emirates and the lack of interest in them from other carriers. In the next two years, the airline should transfer the remaining 14 aircraft and close the program, however, leaving the maintenance. At the same time, in the general order book of Airbus, which...
Nissan worsened forecast for the year because of Carlos Ghosn case - 02/12/2019
In 2018, the Japanese automaker Nissan Motor Co. turned out in the center of a major scandal in connection with the arrest of one of the most famous top managers of the global automotive industry, Carlos Ghosn, increased its operating profit and revenue in the third fiscal quarter, but reduced its net profit. The company has worsened forecasts for the entire financial year, ending in March....
Is it worth investing in Alphabet? - 02/11/2019
Despite Alphabet’s good reporting, investors are worried about the company's rising spending. Although the firm surpassed Wall Street's expectations for profits and revenues, the combination of rising costs and falling advertising prices caused shares of the corporation to fall by more than 2% on the day the results were published. Investors fear that rising costs and falling prices will...
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...
