Samsung Electronics Co Ltd’s shares on Monday fell more than 4%, to a minimum in a month, after Morgan Stanley lowered its recommendations for the South Korean technology giant, pointing to concerns that the boom in demand for memory chips will soon reach a peak, writes Reuters. The so-called "super cycle" of memory chips, during which the prices were growing due to the demand for increasing the...

American media company Meredith Corp is buying Time Inc, publisher of the magazines People, Sports Illustrated and Fortune. Meredith is going to pay $ 1.84 billion in cash with the support of billionaires brothers Charles and David Koch, writes Reuters. Meredith is acquiring shares of Time at a price of $ 18.50 per share in cash. Taking into account the debt, the value of the transaction for the...

For all its technical complexity, Uber is a relatively easy-to-understand business. The company does not have physical assets, and it does not hire drivers - the software connects people who want to go somewhere, with other people who would like to give them a ride, and Uber gets some of the money. We are familiar with this mechanics and financial side of this type of intermediary business thanks...

US oil and gas giant Exxon Mobil has joined European partners, including Royal Dutch Shell and Total, in a new initiative to find ways to reduce emissions in its gas operations, Reuters reports. British BP, Italian Eni, Exxon, Repsol, Shell, Norwegian Statoil, French Total and Wintershall have committed to further reducing methane emissions in their gas production, the companies said in a joint...

Export of watches from Switzerland in October 2017 increased by 9.3% compared with the same month a year earlier - to 1.85 billion Swiss francs ($ 1.86 billion), according to the Federation of the Swiss watch industry. The growth of watch exports has been persisting for the sixth month in a row, and the growth rate became the highest since January 2013. Deliveries of Swiss watches to Hong Kong in...

Uber taxi service was subjected to a hacker attack, during which hackers stole data of 57 million passengers and drivers of the company, reports Bloomberg. The incident occurred in October 2016, but was made public only now. Instead of reporting about the attack, the company paid 100,000 dollars to the hackers to delete the data and keep it a secret. The fraudsters stole names, email addresses...

In 2016, stocks of AMD enjoyed increased demand from investors. They soared by almost 430% on the back of growing sales of chips for the year. However, the situation changed in 2017. By March, the company’s papers rose in price by another 30%, then slowed their growth and collapsed after the publication of the quarterly report in late October. Over the past month, AMD fell by 22%, losing all...

In the near future, Alphabet (Google) is going to face new proceedings in Europe, European competition commissioner Margrethe Vestager said during her trip to Beijing, Reuters reports. In the summer of 2017, the EU antitrust regulator fined Google for a record € 2.42 billion ($ 2.7 billion) in the case of the company's abuse of the dominant position in the market when promoting Google Shopping....

Chinese Internet giant Tencent Holdings Ltd. has dramatically improved its results in the III quarter due to the success of games such as Honor of Kings, and the fast-growing revenue from online advertising, writes Bloomberg. The operator of the largest social network in China reported an increase in revenue in July-September by 61% to 65.2 billion yuan ($ 9.8 billion). The forecast assumed an...