Companies & CEOs
Unilever says goodbye to London - 03/16/2018
Theresa May's government is in limbo and is becoming less popular with the British. The cabinet of conservatives got another unexpected blow as the British-Dutch company Unilever announced a decision to move its headquarters from London to Rotterdam and change is British citizenship for European. However, this is only the beginning of a big outcome of big business from the UK on the background of...
SEC makes final decision on Theranos - 03/15/2018
The SEC (Securities and Exchange Commission) yesterday released a decision on the fraud case opened against top managers of the scandalous biotechnological start-up Theranos. According to the American oversight agency, the founder Elizabeth Holmes and the ex-president of the company Ramesh (Sunny) Balwani intentionally misled investors, which allowed to attract about $ 750 million of investments....
Toys R Us lost the competition to online retail - 03/15/2018
The American children's items and toys chain Toys R Us announced that it is going to liquidate its business in the United States. Thus, the remaining 735 stores Toys R Us will be closed, and more than 30 thousand employees of the company will lose their jobs. Toys R Us filed for bankruptcy in September last year; since then it has not been able to find a buyer for its business or to restructure...
Twitter flies up - 03/09/2018
Twitter is perhaps the most popular microblogging service in the world. This social network allows exchanging short (no more than 280 characters) messages. At the end of 2017, Twitter had 330 million active users. One of the Twitter stars is US President Donald Trump. In an effort to communicate their thoughts directly to the world because of pressure from the media and the dissemination of false...
Coinbase launches index fund for cryptocurrencies - 03/08/2018
The popular American cryptocurrencies trade platform Coinbase announced launch of the Coinbase Index Fund. The new tool will allow investors accredited in the US to work with all already existing and future assets in the framework of the GDAX exchange. Coinbase Index Fund will enable investors to watch performance of the digital assets class in general. In other words, they won't have to choose...
Head of Kobe Steel steps down because of a scandal - 03/06/2018
Chief Executive Officer of Kobe Steel Hiroya Kawasaki will resign in connection with the scandal about the falsification of data, which shook the Japanese manufacturing industry last year, reports Nikkei. The third largest steel company in Japan, which supplies its products to automotive, airplane and train manufacturers around the world, last year admitted falsification of data on its products,...
JPMorgan and HSBC to place bonds of Saudi Arabia - 03/05/2018
Saudi Arabia has chosen banks to arrange the placement of dollar bonds. Among them were JPMorgan Chase & Co. and HSBC Holdings Plc, reports Bloomberg referring to sources familiar with the situation. Goldman Sachs Group Inc. and Citigroup Inc. will also act as organizers of the placement, which may take place already this month, interlocutors of the agency told. The world's largest oil...
EU to impose new taxes on hi-tech giants - 02/27/2018
High-tech companies will pay for the place of registration of their content users. The European Union plans to impose a tax on technical corporations in the amount of 1% to 5% of revenue. The tax will be calculated depending on where the main segment of users is located, and not the office of the company. This is reported by the Reuters agency referring to the draft law. From corporations that...
Chinese billionaire buys Daimler - 02/27/2018
Li Shufu, a billionaire from the Chinese city of Hangzhou bought almost a tenth of Mercedes company. This news excites now not only the German automaker Daimler, who has got a new strategic investor, who concentrated in his hands the largest stake in the concern. The multi-billion investment of the founder of the Chinese company Geely and the owner of the Swedish Volvo can change the alignment of...
Weinstein Co. to file for bankruptcy - 02/26/2018
The producer company Weinstein Co. is going to file a bankruptcy petition. The company is trying to save its assets from the financial problems that arose when dozens of actresses accused co-founder Harvey Weinstein of sexual harassment, Bloomberg writes. The Board of Directors failed to sell the film studio to a group of investors led by Maria Contreras-Sweet, who ran the US Department of Small...
