Companies & CEOs
What a deal with Volvo means for Uber - 11/24/2017
For all its technical complexity, Uber is a relatively easy-to-understand business. The company does not have physical assets, and it does not hire drivers - the software connects people who want to go somewhere, with other people who would like to give them a ride, and Uber gets some of the money. We are familiar with this mechanics and financial side of this type of intermediary business thanks...
Exxon, Shell to reduce emissions from gas production - 11/23/2017
US oil and gas giant Exxon Mobil has joined European partners, including Royal Dutch Shell and Total, in a new initiative to find ways to reduce emissions in its gas operations, Reuters reports. British BP, Italian Eni, Exxon, Repsol, Shell, Norwegian Statoil, French Total and Wintershall have committed to further reducing methane emissions in their gas production, the companies said in a joint...
Switzerland builds up export of watches - 11/22/2017
Export of watches from Switzerland in October 2017 increased by 9.3% compared with the same month a year earlier - to 1.85 billion Swiss francs ($ 1.86 billion), according to the Federation of the Swiss watch industry. The growth of watch exports has been persisting for the sixth month in a row, and the growth rate became the highest since January 2013. Deliveries of Swiss watches to Hong Kong in...
Hackers stole data of 57 million Uber users - 11/22/2017
Uber taxi service was subjected to a hacker attack, during which hackers stole data of 57 million passengers and drivers of the company, reports Bloomberg. The incident occurred in October 2016, but was made public only now. Instead of reporting about the attack, the company paid 100,000 dollars to the hackers to delete the data and keep it a secret. The fraudsters stole names, email addresses...
Why the 2017 was a bad year for AMD - 11/20/2017
In 2016, stocks of AMD enjoyed increased demand from investors. They soared by almost 430% on the back of growing sales of chips for the year. However, the situation changed in 2017. By March, the company’s papers rose in price by another 30%, then slowed their growth and collapsed after the publication of the quarterly report in late October. Over the past month, AMD fell by 22%, losing all...
EC: Google will face new proceedings in Europe - 11/16/2017
In the near future, Alphabet (Google) is going to face new proceedings in Europe, European competition commissioner Margrethe Vestager said during her trip to Beijing, Reuters reports. In the summer of 2017, the EU antitrust regulator fined Google for a record € 2.42 billion ($ 2.7 billion) in the case of the company's abuse of the dominant position in the market when promoting Google Shopping....
Profit and revenue of Tencent exceeded forecasts - 11/15/2017
Chinese Internet giant Tencent Holdings Ltd. has dramatically improved its results in the III quarter due to the success of games such as Honor of Kings, and the fast-growing revenue from online advertising, writes Bloomberg. The operator of the largest social network in China reported an increase in revenue in July-September by 61% to 65.2 billion yuan ($ 9.8 billion). The forecast assumed an...
Airbus receives the largest order in its history - 11/15/2017
American investment fund Indigo Partners will buy 430 aircraft from the family A320neo from the air manufacturer for $ 50 billion. The liners will be available to four budget airlines. The French aircraft construction concern Airbus received the largest order in its history. It will deliver 430 medium-range airplanes from the A320neo family to four budget airlines - American Frontier Airlines,...
Credit Suisse gets $ 135 million fine in New York - 11/14/2017
Swiss bank Credit Suisse agreed to pay $ 135 million to the bank authority of New York to settle a lawsuit on illegal activities in the foreign exchange market. Currency traders of Credit Suisse used chats to exchange confidential information about clients, coordinated transactions and tried to manipulate currency quotations or interest rates. According to the regulator’s conclusion, the bank...
Three stocks to watch out this week - 11/13/2017
Last week, stocks fell in price, and the indices of Dow Jones Industrial Average and S&P 500 lost slightly less than 0.5%. Nevertheless, they remain near record figures, and have significantly increased in 2017. This week, Home Depot, Target and Foot Locker are to report on the results for the third quarter and inform investors about the updated prospects for the holiday season. That's what...
