The Japanese government raised about 1.3 trillion yen ($ 11.6 billion) by selling a stake in Japan Post Holdings Co. and having completed the largest in this century public offering of shares of one company in the country, reports Bloomberg. The shares were sold to Japanese and foreign investors at a price of 1,322 yen per share, which is 2% below the closing price on Monday. Earlier, the...

The battle for excellence in the GPU (graphics processor) segment between Advanced Micro Devices and NVIDIA is becoming fiercer with each quarter. In 2016, AMD seized a significant market share from NVIDIA, and the offensive is going on in 2017. The latest data on market shares, collected by Jon Peddie Research, show that AMD manages to maintain its advantage, reports Motley Fool. In the second...

American military-industrial company Northrop Grumman Corporation is buying a supplier of technologies for the aerospace and defense industry Orbital ATK. The price is expected to amount to $ 7.8 billion in cash. After the news were published, Orbital ATK's stock prices jumped by more than 20% to $ 131.89. Buyer Northrop Grumman will pay $ 134.5 per share, which this means a 22% premium to the...

Messenger for corporate correspondence Slack was estimated at $ 5.1 billion. During the next round of financing, however, the application attracted $ 250 million, the Financial Times reported. According to the publication, most of the investment came from the Vision Fund of the Japanese group SoftBank. According to Slack’s executive director Stewart Butterfield, management of Vision Fund planned...

Republican Senator Orrin Hatch and Democratic Senator Ron Wyden asked Equifax to explain a hacking, which resulted in hackers gaining access to personal information of about 143 million Americans. The senators also want to know if the attackers got access to data from the US Human Resources Office. Equifax is also required to disclose information about whether the three top executives who sold...

The largest European airlines, probably, will have to consolidate their units engaged in low-cost air transportation in the future. This is necessary to win the struggle for leadership with aggressive low-cost airlines, led by Ryanair Holdings. This view was expressed by the Director General of the International Air Transport Association (IATA) Alexandre de Juniac. Air France-KLM, German...

Credit Bureau Equifax Inc., one of the three largest in the United States, reported a massive cyber security breach. Hackers have got access personal data of nearly half the US population - 143 million people. According to Bloomberg agency, the intruders became aware of names and surnames of customers, their dates of birth, numbers of their insurance policies and driving licenses. In addition,...

Goldman Sachs, the most powerful bank in the world, is concerned about too lengthy growth in markets. Should we listen to these warnings and why are bankers suddenly disliking bubbles? On the eve of a business conference in Frankfurt, hosted by Handelsblatt, a manager of Goldman Sachs unambiguously told the audience that the world financial markets have been growing too long. It is difficult to...

A new study by consulting firm Counterpoint's Market Pulse, held in July of this year, shows that Huawei has significantly outperformed Apple in terms of smartphone sales in June and July. The Chinese company can repeat the success in August. To date, Huawei is the world's second largest smartphone manufacturer, behind only Samsung. According to Counterpoint's Market Pulse, Huawei managed to get...