Companies & CEOs
Is Apple going to leave mass market segment? - 11/06/2018
In the last quarter, Apple sold as many iPhones as it did a year earlier. Investors are rightly wondering: where is Apple planning to look for new buyers? Meanwhile, the public has the right to ask: what has become with the corporation’s desire to change the world? Apple's quarterly report, published last week, left an ambiguous impression. For July-September 2018, the company reported revenue of...
AmCham: Only 1% of American companies is ready to go back home from China - 11/02/2018
Most of the US companies operating in China intend to move production outside of China. However, only 1% is ready to return home. According to a survey by the American Chamber of Commerce in South China, which was attended by over 200 US companies operating in the PRC, most of them are experiencing extreme difficulties due to trade disputes between Beijing and Washington. 64% of companies said...
European Commission objects Siemens-Alstom merger - 11/01/2018
The European Commission, which serves as the EU's main antitrust regulator, sent a Statement of Objections to the German Siemens AG and the French Alstom SA in connection with their plans to consolidate assets in the field of railway engineering. Receipt of the notification was confirmed by representatives of Siemens, writes Dow Jones. Such notification means that the final EC decision...
General Electric incurs losses in Q3 and reorganizes its energy business - 10/31/2018
General Electric Co. suffered a net loss in the third quarter. The results were weaker than market expectations, and the company reduced dividends and announced reorganization of its problematic energy division (GE Power). According to a press release from GE, the net loss in July-September amounted to $ 22.81 billion, or $ 2.62 per share, compared to net income of $ 1.32 billion, or $ 0.15 per...
Netlix number of subscribers hits the record - 10/30/2018
According to Barclays, the number of new Netflix subscribers who joined the streaming service this year is approaching a record high of 27.4 million people. The result is impressive - it took HBO 40 years to attract almost the same number of users only in the United States. Since the beginning of the year, the number of new subscribers to the Netflix streaming service is about to surpass the...
Tech giants face additional expenses in Latin America and Asia - 10/30/2018
Latin American countries, including Mexico and Chile, as well as Asia, including South Korea and India, are considering a possibility of introducing new taxes on activities of global high-tech giants such as Google and Facebook, writes The Wall Street Journal. New taxes will differ from corporate income taxes that these companies are already paying, and will be calculated as a percentage of the...
Why does IBM buy Red Hat? - 10/29/2018
Last Sunday, IBM announced its decision to purchase Red Hat, a major distributor of open source software. The amount of the transaction will reach $ 34 billion and implies a substantial premium to the exchange value of the acquired company. According to a joint statement by the two companies, IBM will buy all Red Hat shares at a price of $ 190 per unit, which is 63% more than the price at which...
HSBC pretax profit jumps 28% in Q3 - 10/29/2018
HSBC shares jumped during trading in Hong Kong, after the bank reported that its pre-tax profit in the third quarter rose by 28% compared to the same period last year and amounted to $ 5.922 billion. Profit exceeded the average forecast of analysts, which amounted to $ 5.6 billion. The growth of the indicator in percentage terms was maximum for four quarters, Reuters writes. HSBC revenue in...
Why Salesforce is worth investors’ attention - 10/26/2018
Salesforce.com, a giant in digital technologies and cloud computing, is among the top ten companies worth buying during a market correction, according to Jim Cramer, a well-known expert and Mad Money host at CNBC. The software developed by Salesforce, "is no longer a luxury, but rather a necessity," he said. “It is important to understand that in the conditions of modern reality, a company...
Italy fines Apple, Samsung - 10/25/2018
Italy's anti-monopoly authorities imposed a fine on the world's largest manufacturers of smartphones, Apple and Samsung, for issuing special software to slow down old smartphones. Thus, companies wanted to encourage buyers to acquire new models. Following the audit, Apple will have to pay € 10 million, and Samsung - € 5 million. The Italian Competition Authority (AGCM) stated that Apple and...
