Companies & CEOs
Filippo Ciarletti Executive Vice President and CTO at Mars&Co: "A strategy consultant must develop his architectural skills, i.e. the ability to put together science, creativity and the human dimension." - 06/03/2019
Mr Filippo Ciarletti, Italian born, raised in Switzerland, with degrees at Ecole Centrale de Paris (ECP), the MIT and INSEAD, followed by thirty five years in strategy consulting at Mars&Co where you serve as Executive Vice President and CTO. That should give you a rather unique perspective into the business challenges ahead. Could you first tell us how you see the fit between your personal story...
Analyst: Jeff Bezos’ quit will have a negative impact on Amazon shareholders - 06/03/2019
Amazon’s shareholders will remember for a long time the day when Amazon’s CEO Jeff Bezos stops managing his brainchild. The risk that everything collapses is rather great. Nevertheless, Bezos is quite capable of changing the course of events or at least easing the financial blow that will be inflicted on the company's investors. All he needs to do is formulate plans for his future successor more...
Uber is losing record amount of money - 05/31/2019
Losses of Uber in the I quarter have amounted to $ 1 billion. Recently, Uber became a public company, and everyone was looking forward to its first official financial report. There was nothing for shareholders to rejoice: losses have not been reduced, but, on the contrary, reached records. Despite revenue growth of 20%, the loss of $ 1.034 billion exceeded last year’s loss of $ 478 million....
Australian watchdog sues Sony for malfunctioning games - 05/30/2019
The Australian Competition and Consumer Commission (ACCC) filed a lawsuit against Sony Interactive Entertainment Europe due to the fact that the company refused to return money to customers for malfunctioning video games for the Sony PlayStation console. The ACCC report states that Sony has provided false information to Australian customers on its website and on the PlayStation online store....
Norway's pension fund to dump gaming and alcohol companies shares - 05/29/2019
Norway's largest pension fund KLP will refuse to invest in companies that receive more than 5% of the proceeds from gambling and the sale of alcoholic beverages. The fund manages assets of about $ 80 billion, including pension savings of state civil servants. KLP intends to sell so-called "sinful shares" in the amount of about $ 320 million, reports The Financial Times. Among the 90 companies...
Alibaba ponders listing in Hong Kong after record IPO in New York - 05/28/2019
Chinese Internet giant Alibaba Group Holding Ltd is considering a possibility of raising $ 20 billion through placement of shares in Hong Kong after a record IPO in New York held in 2014. It is reported by Bloomberg, citing informed sources. According to them, Alibaba is working with financial advisors, discussing possible terms of placement. The company may apply for an IPO in Hong Kong...
Renault, Fiat Chrysler shares jump after merger offer - 05/27/2019
Renault SA and Fiat Chrysler Automobiles NV shares jumped on Monday after the Italian-American automotive corporation FCA proposed a merger with the French Renault. The deal can create the third largest automaker in the world in terms of production. Fiat shares gained about 19% at the start of trading in Milan, while Renault shares rose by 16%. Fiat said the merged business would be 50% owned...
NASDAQ refuses to buy Oslo Stock Exchange - 05/27/2019
The NASDAQ exchange operator has withdrawn its offer to buy Oslo Børs VPS Holding ASA, the Oslo Stock Exchange operator, the company said in a press release. The NASDAQ offered 158 NOK ($ 18.2) per share for the company, but it failed to enlist support of a sufficient number of shareholders. Oslo Børs is also being eyed by the operator of the Euronext stock exchanges, which also evaluates its...
HP Inc. profit decreases twice - 05/24/2019
Net profit of the American company HP Inc. decreased twice in annual terms to $ 1,585 billion in the first half of the 2018-2019 fiscal year ended on April 30. Diluted earnings per share were $ 1.02 versus $ 1.81 a year earlier. Revenues for the year increased by 0.8% to $ 28.746 billion Net income in the second quarter of the fiscal year declined by 26% to $ 782 million compared to the first...
Toshiba Memory to buy back its shares - 05/23/2019
Apple, Dell Technologies, Kingston Technology and Seagate are planning to sell their shares in Toshiba Memory chip maker, The Wall Street Journal (WSJ) reports, citing sources familiar with the situation. In 2017, Toshiba Memory was bought by a consortium led by investment giant Bain for 2 trillion yen ($ 18 billion). However, Toshiba still has 40.2% of the shares, giving the right to vote. The...
