The Walt Disney Company expects a loss of $ 175 million if its theme parks in Hong Kong and Shanghai stay closed for another two months, CNBC reported. The parks stopped work due to the outbreak of coronavirus in China. “The current closure of (parks) is taking place during the quarter, when we usually see high traffic and they are busy due to the Chinese New Year,” said Disney CFO Christine...

Investment Bank Citigroup has suspended one of its most successful traders from work. A high-ranking official who allegedly received a seven-digit golden parachute was accused of stealing food from a corporate cafeteria, the Financial Times reported. Citigroup suspended one of the top traders from work, accusing him of stealing food from the dining room, sources told the Financial Times....

The French company Worldline will buy its competitor Ingenico to create the largest payment operator in Europe (the fourth largest in the world). As part of the transaction, Ingenico was valued at € 7.8 billion. Worldline, a French payment system operator, has agreed to purchase its rival, Ingenico, Reuters reports. The companies noted that the deal will create a payment operator, which will...

According to FT, the Japanese automaker has prepared a plan to concentrate on the British market, in case Brussels and London do not agree on duties. The plan involves abandonment of production activities in Spain and in France. Thus, the company will make a u-turn relative to previous plans, because in October last year Nissan warned that if an agreement was not reached between London and...

Cigarette maker Marlboro has written off more than $ 4 billion of its investment in Juul e-cigarette company. The value of Juul, which was one of the most expensive startups in Silicon Valley just a year ago, fell by more than three times. Tobacco giant Altria, which also produces cigarettes under the Marlboro brand, said that it wrote off $ 4.1 billion of its investments in electronic cigarette...

The net profit of the Anglo-Dutch Royal Dutch Shell attributable to the shareholders of the company in 2019 decreased by 32.1% in annual terms and amounted to $15.843 billion, follows from the company's statements. In terms of one ordinary share, the company's diluted earnings for the reporting period amounted to $ 1.95 versus $ 2.8 for 2018. Royal Dutch Shell's total revenue fell 11.2% to $...

Facebook agreed to pay $ 550 million to settle claims by Illinois residents who accused the company of illegally collecting biometric data from social network users, The New York Times reported citing Facebook CFO David Wehner. For several years, the company’s lawyers have been trying to strip the lawsuit of collective status, as well as completely terminate the proceedings. “We decided to reach...

The net profit of the pharmaceutical company Novartis in 2019 amounted to $ 11.737 billion, showing a decrease of 7% compared with the previous year, the company said. The diluted earnings per share for the year totaled $ 5.06 versus $ 5.38 a year earlier. Last year's Novartis revenue was $ 47.498 billion, up 6%. In the fourth quarter, the company's net profit amounted to $ 1.129 billion, which...

Luca de Meo has been appointed as Renault's chief executive officer, the company said. Previously, Mr. de Meo headed the Volkswagen Group Seat. “Luca de Meo is a great strategist and visionary of the rapidly changing automotive world. His experience, as well as his passion for cars, make him a real asset for the group,” reads a statement of Renault Chairman Jean-Dominique Senard. Luca de Meo will...