Companies & CEOs
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The NASDAQ exchange operator has withdrawn its offer to buy Oslo Børs VPS Holding ASA, the Oslo Stock Exchange operator, the company said in a press release.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...
Analyst tells about Apple's plans to buy Tesla in 2013 - 05/23/2019
Craig Irwin, analyst at Roth Capital Partners, said that Apple wanted to buy Tesla electric car maker at $ 240 per share in 2013. The deal eventually did not take place, and the papers of the company now cost less than $ 200. Back in 2013, Apple seriously considered the possibility of buying Tesla and offered a price of $ 240 per share, Roth Capital Partners analyst Craig Irwin told on CNBC....
Morgan Stanley expects sharp drop in Tesla shares - 05/22/2019
Since the beginning of the year, Tesla Motors shares have already lost about 40% of their value, but Morgan Stanley believes that the worst may be ahead. According to a revised assessment, the automaker's papers could fall in price to $ 10 apiece within unfavorable scenarios. Previously, bank analysts thought it was possible for them to drop to $ 97. Morgan Stanley reduced the outlook for Tesla...
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...