Snapchat messenger plans to raise $ 4 billion during IPO, which should take place in the next year. According to Bloomberg’s sources, total value of the company, which recently changed its name to Snap, is estimated at $ 25-35 billion. Some say the value could even reach $ 40 billion. It is expected that the company will apply for IPO in the first quarter of next year, probably in March. So far,...

Today, European Airbus Group reported on results of its operations for the third quarter and first nine months of the year. Quarterly profit fell by 21% to € 731 million. The company explained this by the fact that timing of main supply of aircraft fall to a later period. Above other reasons are mentioned decrease in production of A330 model, a moderate rise in costs and a transitional period in...

Genworth Financial Inc., the dominant operator in the field of long term insurance for health care in the United States, agreed to sell its business to Chinese investment company Oceanwide because of low interest rates and rising prices, says The Wall Street Journal. Chinese Investment company China Oceanwide Holdings Group will pay about $ 2.7 billion for Genworth. In the past two years, China...

British American Tobacco, owns 42.2% stake in Reynolds American, made a bid for the remaining 57.8% of the American company. The deal amounted to $ 47 billion, including $ 20 billion in cash and $ 27 billion in BAT shares, states the company’s message. BAT is offering $ 56.5 per Reynolds’ share, which is equivalent to a 20% premium to the closing price on 20 October. Reynolds’ enterprise cost is...

Dutch-British oil company Royal Dutch Shell announced sale of non-core oil and gas assets located in western Canada to Tourmaline Oil Corp. The deal is worth $ 1.03 billion. This asset is the last that the energy company has in the region. In other words, it means that Shell is completely discontinuing activities in Canada, reports Reuters. Shell said it intends to sell 206 thousand acres (83.37...

Glencore Plc. sold its coal haulage railway Grail in Australia to US rail operator Genesee & Wyoming Inc. for 1.14 billion Australian dollars ($ 873 million) within the company’s ambitious program to reduce debt. Sale of GRail is "a significant portion" of the debt reduction program, commented Baar, a Swiss trader.  The transaction price is higher than previously assigned value of $ 1...

In III quarter of this year, Citigroup earned $ 3.47 billion (+ 35% YoY) on bond trading, JPMorgan - $ 4,33 billion (+ 48%), Bank of America (BofA) - $ 2,77 billion (+ 39%). Wells Fargo’s trading business is small, but in the III quarter "the picture was similar to what was done in JPMorgan», told John R. Shrewsberry, Senior Executive Vice President and Chief Financial Officer, to Bloomberg....

On Monday, Netflix reported that number of the service’s subscribers has grown for the third quarter of this year. Now, total audience is reaching 3.2 million people, which significantly exceeded the streaming service’s own forecasts. Thanks to this, the company's revenue increased by 31% at once. This news, in turn, triggered a rapid jump in share price after close of NASDAQ trading session....

Verizon may refuse to buy Yahoo! because of the database hack happened in 2014 and the company’s co-operation with US intelligence agencies in the e-mail scanning, reports Reuters referring to the company's General Counsel Craig Silliman. At the meeting in the company's headquarters in Washington, Silliman spoke about the need to get a full picture of consequences of the breach, which resulted in...