American corporation Intel announced purchase of Israeli company Mobileye for $ 14-15 billion, reports Reuters referring to Israeli financial newspaper TheMarker. According to the newspaper, the deal will be announced later on Monday. If the deal takes place, it will become the largest in the history of Israeli technology companies, notes the newspaper. Before that, Google bought an Israeli...

Airbnb service attracted investment of $ 1 billion; thereby the company’s value reached $ 31 billion. In addition, according to sources, the service managed to profit in the second half of 2016. Now Airbnb aims to diversify its business by offering customers not only accommodation, but also bicycle rental, city tours or booking a table in a restaurant. Online rental service Airbnb attracted...

South Korean corporation Samsung intends to expand its production in the US by investing at least $ 300 million in the country’s economy, according to The Wall Street Journal. The newspaper’s sources said that Samsung's efforts will initially create at least 500 new jobs in the US. In the future, this figure, along with an influx of additional investments, is expected to increase. The...

The newest gaming console of Nintendo has shown rather weak sales results in Japan. This can become a problem for the company, although there is a hope for a strong start abroad. The seasonal factor must be taken into account as well. Famitsu portal shared information about Nintendo Switch’s sales in Japan over the past week. So far, the statistics don’t look impressive. It should be noted...

The largest state-owned oil company Saudi Arabian Oil Co. will pay $ 2.2 billion to Royal Dutch Shell to complete withdrawal of Shell from Motiva Enterprises, a joint venture for processing in the US. The deal gives Saudi Arabia exclusive control over the largest US refinery with a capacity of 600 thousand barrels per day in Port Arthur, Texas. The State Oil Company of Saudi Arabia, known as...

By 2022, US ExxonMobil plans to invest $ 20 billion in projects for processing hydrocarbons and petrochemicals on the Gulf of Mexico coast in the US, the company said, citing statement of its Head Darren Woods. Investments made in 2013-2022 within 11 existing and planned projects will create more than 45,000 jobs, he said. In particular, Woods meant projects for oil and gas processing, as well as...

Net loss of one of the world's largest energy companies, Italian Eni SpA, attributable to shareholders of the company shrank by 5.9 times to 1,464 billion euros in 2016, the company said. Per share loss numbered 0.41 euro against a loss of 2.44 euro in 2015. Eni's revenue in the reporting period decreased by 22.9%, up to 56.693 billion euros. The company decreased production of hydrocarbons by...

Apple and Samsung signed a $ 11.4 billion-worth contract, according to The Wall Street Journal citing insiders. The South Korean company agreed to supply 160 million curved OLED displays for flagship iPhone 8, to be released this fall. One of iPhone’s new models will receive a curved OLED-screen produced for Apple by its main competitor, South Korean Samsung Electronics.  According to The...

Japanese telecommunications company Softbank Group is organizing a merger of British satellite startup OneWeb, financially supported by Intelsat, one of the world's largest satellite companies. The deal must be approved by Intelsat’s shareholders. Size of the debt of the latter is $ 15 billion, so the company hopes that this merger will somehow help improve its financial position. Softbank's...