Companies & CEOs
British Pool Re issues catastrophe bonds against terrorist attacks - 02/27/2019
British reinsurance company Pool Re has announced release of the world's first catastrophe bonds designed exclusively to protect against terrorist attacks. According to the company, three-year bonds of 75 million pounds sterling ($ 99 million) with a coupon of 5.9% are placed through SPV-company Baltic PCC Ltd. Bonds that allow investors to directly insure risks associated with terrorism in the...
Roche pharmaceutical company buys American Spark Therapeutics - 02/25/2019
Swiss On Monday, pharmaceutical company Roche (Switzerland) announced purchase of manufacturer of gene therapy drugs Spark Therapeutics (USA), according to a press release from Roche. Roche buys American Spark Therapeutics Roche will buy Spark Therapeutics for $ 114.5 per share, with a total value of $ 4.3 billion. The calculation will be in cash: Spark expects to receive $ 500 million of net...
Apple, Goldman Sachs to issue new credit card - 02/22/2019
Apple and US investment bank Goldman Sachs plan to jointly issue a credit card, reports The Wall Street Journal, citing sources. Apple and Goldman Sachs Group are planning to issue a joint credit card this spring. The card will open up new functions for iPhone users to manage their finances, The Wall Street Journal writes, citing informed sources. Employees of companies will begin to test the...
Glencore to limit mining to save environment - 02/21/2019
One of the world's leading trading and mining companies, the Anglo-Swiss Glencore reported that last year its profit decreased by 41% due to the write-off of the value of a number of African assets. In addition, the company announced imminent limitation of coal production in its fields as part of the efforts of the world community to reduce emissions leading to climate change. The 2018 Glencore...
India's second largest airline is on the verge of bankruptcy - 02/21/2019
For the last ten years, Jet Airways has not left the top three largest airlines in India, and last year it wa the first in terms of passenger traffic. 24% of Jet shares are owned by Etihad Airways PJSC. The company controls 13.9% of the billion-strong Indian civilian air transport market and is considered one of the fastest growing in the world. However, Jet Airways (JA) is now having hard times....
3 companies from Warren Buffett’s portfolio that are worth attention - 02/20/2019
Warren Buffett continues to delay launch of a dividend payout program for Berkshire Hathaway. But there is no doubt that the legendary investor loves dividends. In his letter to shareholders, Buffett noted that over the past year, Berkshire has received a tremendous amount of payments in the amount of $ 3.7 billion. Most companies in which the Oracle of Omaha invests pay dividends. Below are...
Indian Oil Corp. concludes first annual deal to import American oil - 02/19/2019
Indian Oil Corp., India's largest refiner, has signed its first annual contract for the supply of American oil, Reuters reported. The company will buy an average of 60 thousand barrels per day totaling $ 1.5 billion during the year until March 2020. The seller is the Norwegian Equinor. Previously Indian Oil Corp. bought American oil only on the spot market. Last year, the company acquired 6...
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...
