Companies & CEOs
Alibaba's profit in Q3 exceeds expectations - 01/31/2019
Chinese Internet giant Alibaba Group Hodling Ltd has significantly increased its net profit and revenue in the third fiscal quarter. The company’s profits exceeded forecasts, but revenues did not meet expectations. According to a press release from Alibaba, net profit in October-December 2018 increased by 37%, to 33.05 billion yuan ($ 4.81 billion) compared to 24.07 billion yuan a year earlier....
Wonderbox shaping the European gift box market - 01/29/2019
The French gift box leader is pursuing its expansion, with a new strategy of its own. After years of organic development, Wonderbox has been acquiring competitors in Europe to fuel its growth further. At the heart of the new strategy, which has succeeded in securing the very existence of a market which was nascent just years ago, lies the concept of “mutual growth”. At the turn of the century,...
Analysts: Intel will increase dividend yield - 01/29/2019
Intel’s revenue grew by 9% to $ 18.7 billion in the fourth quarter due to the growing demand for chips from companies providing cloud services and personal computers, but it was lower than the forecast value of $ 19.01 billion. Net profit was $ 5.2 billion compared with a loss a year earlier. Adjusted EPS rose to $ 1.28 per share and exceeded expectations - $ 1.22. However, analysts expect a...
Top 10 companies with the largest R&D investments - 01/24/2019
The European Commission named the 100 companies that invest the most in R&D activities. The report notes that all 2,500 companies whose data were studied in the course of the research spent € 736.4 billion on research and development in the 2017-2018 fiscal year, which is 8.3% more than in the 2016/2017 fiscal year. These companies include 778 firms from the USA, 577 - from the European...
UBS returns to net profit in Q4 - 01/22/2019
UBS AG, the largest bank in Switzerland, received a net profit of $ 696 million in the fourth quarter of 2018, compared with a loss of $ 2.42 billion a year earlier. Analysts assumed that the bank had completed the reporting period with a profit of $ 729 million, according to Reuters. At the same time, the operating profit of UBS decreased in October — December by 3.3% yoy to $ 6.97 billion....
PwC: Top managers are not sure about bright future of global economy - 01/22/2019
Almost 30% of business executives believe that there will be a slowdown in global economic growth over the next 12 months. This opinion is held by almost six times more respondents than last year (5%), which represents a record jump in pessimism. This is one of the main results of the 22nd PwC 21st Annual Global CEO Survey, which this time was attended by more than 1,300 people from all regions...
Amazon’s new video streaming service Freedive: Is it any different from others? - 01/21/2019
IMDb website announced launch of its streaming service. TV shows, IMDb videos and Hollywood movies are now available to Freedive users from the United States. The fastest growing segment of streaming content is video, accompanied by a certain number of advertisements (AVOD, advertising video on demand). The number of people who are increasingly refusing traditional TV services continues to...
Apple restricts hiring new employees - 01/18/2019
Apple will hire less employees due to low sales of the iPhone, reports Bloomberg, citing sources familiar with the situation. This news was reported to company employees by Tim Cook, the company’s CEO, at a closed meeting. When asked whether Apple would completely stop hiring workers due to the current economic situation, Cook assured that he does not consider this the right solution to the...
US prosecutors suspect Huawei in stealing trade secrets - 01/17/2019
The US federal prosecutor's office is conducting a criminal investigation against the Chinese Huawei Technologies Co. on suspicion of stealing commercial secrets from US business partners, including mobile operator T-Mobile US Inc., writes The Wall Street Journal, citing informed sources. The investigation is at a late stage, and the federal prosecutor may charge Huawei in a short time, the...
Pentagon and Microsoft sign $ 1.76 billion worth contract - 01/16/2019
In January 2019, Microsoft signed another contract with the US Department of Defense. This time it is about providing the Pentagon with corporate services for five years (until January 10, 2024) in the amount of $ 1.76 billion. Microsoft has entered into a major contract with the US Department of Defense, reports Reuters. The contract provides for the delivery of corporate services to the...
