The tech sector remains one of the most profitable and fastest growing part of S&P 500, yet it is quite expensive. Moreover, victory of Donald Trump gave investors jitters about fate of some of the biggest players, such as Amazon or Facebook. However, technology investor Paul Wick says there are exceptions in the general trend, especially in less fashionable but equally important sectors of the...

Danish Maersk Line, the world’s largest container shipping company, and Oetker Group reached agreement on Maersk Line’s acquisition of German shipping company Hamburg Süd, the Danish company said in a statement. The acquisition is subject to final agreement and approval of relevant authorities. Hamburg Süd (founded in 1871) is currently the world’s seventh-largest transport and logistics shipping...

Swiss tobacco giant Philip Morris may stop selling cigarettes, said André Calantzopoulos, CEO and Director of Philip Morris International Inc. in an interview with BBC. "I believe that there will come a time when I will declare that we have alternative products", - he said, noting that he hopes to work with governments to begin phasing out the cigarette. "I hope that this will happen in the...

On Tuesday, Samsung Electronics will consider a proposal to split the unit into two companies, Reuters reported with reference to the Seoul Economic Daily. In October, American Elliott Management hedge fund offered Samsung’s management to isolate business units involved in asset management and direct production. The fund also proposed to pay about $ 26 billion in the form of a special dividend,...

The number of printing factories in charge of secure printing for banknote production in the world is quite small. A handful of highly specialized banknote designers are responsible for keeping the world’s economies fluid, safe from counterfeiting and making the peoples around the globe proud of their country. Among them, the French firm Oberthur Fiduciaire, run by Thomas Savare, which has heaved (and kept) itself on the first tier of the world market. Its angle? Design and intimate knowledge of the world’s cultures.

Rio Tinto has to reduce investments due to unclear market prospects. In 2016, the second major market player will invest less than $ 3.5 billion in various projects. This is 13% less than previous forecast of $ 4 billion. In 2012, Rio Tinto has spent for these purposes more than $ 17 billion, yet since then commodity prices began to fall, mining companies have significantly reduced cost of...

US corporation Microsoft will receive EU’s approval to acquire LinkedIn social network in exchange for some concessions, in particular, for providing competing social networks with access to Outlook platform. If the deal with LinkedIn is approved, Microsoft will allow competitors to use Outlook’s networks and application programming interface (API) to manage mail and scheduling, Reuters reported,...

Many seats on Ryanair’s flights may be free in the next ten years, said Executive Director of the airline. According to Michael O'Leary, the company aims to nullify tariffs. The airline itself will receive revenue from airports to which Ryanair will bring its customers. Speaking at the Airport Operators Association conference in London in London, the airline’s spokesman noted that Ryanair is...

Revenue of office equipment manufacturer Hewlett-Packard (HP) fell by 6% to $ 48.2 billion in 2016 fiscal year. Revenue for the IV quarter totaled $ 12.5 billion, which is 2% more than in the same period last year. HP Inc.’s revenues in the 4th fiscal quarter increased by 2%, to $ 12.51 billion from $ 12.27 billion in the same period a year earlier. Experts polled by FactSet on average expected a...