Companies & CEOs
M&A transfer 70% of hi-tech companies into other sectors - 09/28/2017
Experts from Boston Consulting Group analyzed activity in the global M&A (mergers and acquisitions) market and found out that approximately 70% of technology companies were bought by corporations working in non-technological sectors in 2016. At the same time, the hi-tech sphere once again became the main driver of the growth of the global M&A market, just like in 1999 and 2007. Now, the industry...
Google finds a way to avoid EC’s huge fine - 09/27/2017
Google Corporation will allocate its online shopping service Google Shopping to a separate unit to comply with requirements of the European Commission and to avoid a serious penalty due to the dominant position in the European market. This is reported by Bloomberg. The new unit will operate in Europe separately from Google, with out-of-pocket cost of advertising. In this case, Google Shopping...
France gives the nod to Alstom-Siemens merger - 09/27/2017
The French government supported the plan to strengthen the position of the national industry through cooperation with companies from Germany. Paris has given its approval to a deal to merge French Alstom with railway division of German Siemens. Currently, France owns about 20% of the machine-building company Alstom. If the division of the German concern Siemens Mobility is merged with the French...
Failed sales of iPhone 8 hit Apple and its suppliers - 09/26/2017
American corporation Apple lost more than $ 56 billion of market capitalization. Taiwanese, South Korean and Chinese component manufacturers also suffered tangible losses after it turned out that the world sales of the new smartphone were weak. The lower demand for iPhone 8 smartphones resulted in serious financial losses for both the company itself and its foreign suppliers. According to...
The Japanese government earns $ 11.6 bln on Japan Post Holdings Co. - 09/25/2017
The Japanese government raised about 1.3 trillion yen ($ 11.6 billion) by selling a stake in Japan Post Holdings Co. and having completed the largest in this century public offering of shares of one company in the country, reports Bloomberg. The shares were sold to Japanese and foreign investors at a price of 1,322 yen per share, which is 2% below the closing price on Monday. Earlier, the...
NVIDIA or AMD: Investor's choice - 09/21/2017
The battle for excellence in the GPU (graphics processor) segment between Advanced Micro Devices and NVIDIA is becoming fiercer with each quarter. In 2016, AMD seized a significant market share from NVIDIA, and the offensive is going on in 2017. The latest data on market shares, collected by Jon Peddie Research, show that AMD manages to maintain its advantage, reports Motley Fool. In the second...
Northrop Grumman to buy missile manufacturer Orbital - 09/19/2017
American military-industrial company Northrop Grumman Corporation is buying a supplier of technologies for the aerospace and defense industry Orbital ATK. The price is expected to amount to $ 7.8 billion in cash. After the news were published, Orbital ATK's stock prices jumped by more than 20% to $ 131.89. Buyer Northrop Grumman will pay $ 134.5 per share, which this means a 22% premium to the...
Slack Messenger: assessed at $ 5 billion but attracted $ 250 million - 09/18/2017
Messenger for corporate correspondence Slack was estimated at $ 5.1 billion. During the next round of financing, however, the application attracted $ 250 million, the Financial Times reported. According to the publication, most of the investment came from the Vision Fund of the Japanese group SoftBank. According to Slack’s executive director Stewart Butterfield, management of Vision Fund planned...
US senators need Equifax to explain the hacker attack - 09/12/2017
Republican Senator Orrin Hatch and Democratic Senator Ron Wyden asked Equifax to explain a hacking, which resulted in hackers gaining access to personal information of about 143 million Americans. The senators also want to know if the attackers got access to data from the US Human Resources Office. Equifax is also required to disclose information about whether the three top executives who sold...
IATA: Europe's top airlines need consolidation - 09/11/2017
The largest European airlines, probably, will have to consolidate their units engaged in low-cost air transportation in the future. This is necessary to win the struggle for leadership with aggressive low-cost airlines, led by Ryanair Holdings. This view was expressed by the Director General of the International Air Transport Association (IATA) Alexandre de Juniac. Air France-KLM, German...
