Companies & CEOs
Facebook says goodbye to top managers - 03/19/2019
Last week, Facebook shares fell 2.46% to $ 165.98 per share. The reason was the news that Facebook product development director Chris Cox and WhatsApp vice president Chris Daniels decided to leave the company. Chris Cox was one of the first developers of Facebook and has worked in the company for 13 years. Zuckerberg told about departure of the colleagues in his letter to the employees, published...
“Wherever we go, we are above all at the service of the local authorities' urban project” an interview with Carmen Munoz, CEO of the French Company Citelum - 03/19/2019
Citelum, a subsidiary of the French energy group EDF, is a company specializing in urban lighting, which currently generates more than 75% of its revenue from international operations. Its general manager, Carmen Munoz-Dormoy, explains how the company has established itself abroad and how it is involved in local urban development. 1. In your last activity report, you stated that you are...
Euromonitor: Digital tourism is on the rise - 03/18/2019
The tourism market in 2018 continued to grow and become increasingly digital. In some regions, including Western Europe and North America, online sales have already exceeded traditional ones. According to analysts of research company Euromonitor International, last year the number of tourist trips worldwide increased by 5% to 1.4 billion. Asia was the fastest growing market. There, the number of...
SEC accuses Volkswagen of a major fraud - 03/15/2019
The Securities Commission claims that the automaker was misleading investors. Committing a serious economic crime and repeatedly lying to investors. This is the accusation that was filed against the Volkswagen Securities and Exchange Commission (SEC) and is related to actions of the company during the scandal with a fake engine test results, the so-called Dieselgate. The watchdog is suing...
Deloitte: Corporations are becoming interested in health & wellness - 03/15/2019
Deloitte, an international consulting company, published the fifth report on how corporations operating in the consumer sector are trying to make a positive contribution to protecting people's health. According to the study, the number of employees involved in the health initiatives of companies reached 2 million people by the end of 2018. Consumers around the world are paying more attention to...
Boeing stops deliveries of 737 MAX - 03/14/2019
Boeing Aviation Corporation cut off shipments of its 737 MAX airliners after their flights were banned in the United States. Previously, almost all countries of the world refused to use the aircraft, and a number of states closed their airspace for this model, sources in the company said. The bans were caused by a plane crash in Ethiopia, when 157 people died, and the earlier accident in...
Lyft going public: Is it a good time to choose IPO? - 03/12/2019
Uber’s competitor Lyft has released a statement that describes particulars of its work for potential buyers of shares. What have we learned about the company? Lyft, Uber's American rival, is nearing IPO. Meanwhile, the company has revealed the IPO filing, a multi-page document explaining essence of the business and its main indicators for potential investors. Now it is possible to dive into...
Marriott loss due to data leak amounted to $ 28 million - 03/05/2019
Hotel chain Marriott International estimated the initial loss rate as a result of a massive data breach. In particular, the profit and loss report states that a large-scale data breach cost the company $ 28 million last year. However, insurance payments covered most of this amount, that is, about $ 25 million. Recall that on November 30, 2018, Marriott said that hackers managed to crack the...
How will Huawei case affect deployment of 5G? - 03/04/2019
The Canadian Department of Justice has officially launched the extradition process of Huawei’s financial director Meng Wanzhou, who was detained on suspicion of violating anti-Iranian sanctions. The Office also issued permission for further judicial action against the businesswoman. Date of appearance in court on extradition in the United States is scheduled for March 6. The meeting will be held...
Levi Strauss IPO: The jeans giant is back - 03/01/2019
In February, Levi Strauss & Co, the first company to receive a patent for the production of blue jeans, filed an IPO application. The placement with a preliminary volume of $ 100 million will be held on the NYSE under the ticker LEVI. The mature giant is targeting new markets and niches. The plans include expansion to China, India and Brazil, as well as strengthening positions in the segment...
