Lenovo is creating Lenovo moto, a single brand for its smartphones. The manufacturer is stopping production of brands such as Motorola, and Vibe, announced executive director of Lenovo's mobile division. In 2014, Lenovo bought Motorola Mobility from Google. The deal amounted to $ 2.91 billion. According to Gartner, the combined company is not included in the top five of the world's leading...

European aerospace group Airbus announced that its annual profit for 2016 amounted to € 995 million, which is 63% less than the year before. Such a sharp decline in profits is explained by higher costs of the military transport aircraft A400M programme. For the whole year, the group spent€ 2,2 bln on correcting defects and associated alterations in the programme. As reported in Airbus’...

American food group Kraft Heinz Co withdrew its proposal for a $ 143 billion-worth merger with its larger rival Unilever Plc, causing the market to speculate whether Kraft chose another target. Previously, Kraft unexpectedly proposed Unilever to create a global consumer market giant, but Unilever, producer of Lipton tea and Dove soap, rejected it last Friday. Kraft then has withdrawn its...

If you had invested $ 10 thousand in one of these stocks in May 1986, you would have received at least $ 3.68 million by now. Yet, this does not mean that this train has left the station. Which companies are worthy of attention right now? Any investor dreams to buy stocks of a new Apple or Johnson & Johnson when they are released, and watch the company growing and becoming a leader in its...

Austrian authorities have filed a lawsuit against corporation Airbus and its subsidiary Eurofighter, accusing them of manipulating prices on fighters. Ministry of Defense of Austria ordered Eurofighter aircraft back in 2002. According to the ministry’s representatives, Airbus misled them about price for fighters, their equipment and supply conditions. The Ministry of Defence’s related damage has...

Activision Publishing, belongs to Activision Blizzard, dismissed a number of its employees. The layoffs were held in studios Infinity Ward, Beenox, and others, which names were not disclosed. This event may seem strange, given Activision Blizzard’s recent very positive report, which stated that the company set another all-time record for profits in the previous 12 months. The report said that...

PSA Group, manufacturer of Peugeot and Citroen cars, is discussing purchase of General Motors’s European business, including Vauxhall and Opel brands, Bloomberg reported citing its sources. If this deal goes through, it will transform the entire European market. PSA will jump ahead of Renault SA and become the second carmaker after Volkswagen AG with 16% of the market. After the announcement,...

According to the financial statements of luxury stores chain Nordstrom, sales of Ivanka Trump’s fashion line of shoes and clothing fell by 32% in the past year. On the eve of elections in the US, total fall has reached 70%. Nordstrom decided to suspend sales of the brand. The retailer explains this step by mere lack of benefits, not politics. Few other retailers have already followed Nordstrom’s...

British company Reckitt Benckiser, which produces a range of consumer products including Durex condoms, air fresheners AirWick and cough lozenges Strepsils, announced acquisition of American baby food manufacturer Mead Johnson Nutrition Co. As stated in Reckitt Benckiser’s press release, the British group will pay $ 90 per Mead Johnson’s share, or $ 16.6 billion for the entire company. Taking...