Companies & CEOs
Apple will create data centers in Iowa in exchange for tax breaks of $ 208 million - 08/25/2017
Apple will build two data centers in the state of Iowa and, in return, will be exempted from paying taxes in the amount of $ 208 million. The project’s total cost will amount to $ 1.4 billion, AP reported on Thursday referring to the director of the Department of Economic Development of Iowa, Debi Durham. According to her, Apple promised to create 50 new jobs in the city of Des Moines (Iowa) and...
Ryanair joins the battle to purchase Air Berlin - 08/24/2017
Irish low-cost air carrier Ryanair has grandiose plans for the future. The airline is interested in taking part in a tender to purchase German Air Berlin recently declared bankrupt. According to the chief executive officer of Ryanair Michael O'Leary, the company has not yet made a final decision on this issue. First, the carrier wants to access the financial statements of Air Berlin. Ryanair is...
Four ways to invest in alternative energy - 08/23/2017
Despite the explosive growth in investments in alternative energy in recent years, it is not too late to buy shares of "green" energy companies. Here are four prospective contenders for a place in the portfolio of a long-term investor. First Solar First Solar is leading the solar panels production. The market mostly offers solar panels based on crystalline silicon, but First Solar’s thin-film...
Reliance, BP can start an energy storage business - 08/22/2017
Reliance Industries Ltd., owned by India's richest man Mukesh Ambani, is considering entering the energy storage business in partnership with BP Plc. to expand its presence in the growing renewable energy industry in the country, Bloomberg reported citing two sources familiar with the situation. According to the agency's interlocutors, the companies are considering a plan for creating energy...
French Total to buy Maersk Oil for $ 7.45 bln - 08/21/2017
French oil and gas company Total is buying Maersk Oil & Gas company, which is a subdivision of the Danish Moller-Maersk. The issue price will be $ 7.45 billion. Total will take on Maersk Oil's debt obligations of $ 2.5 billion. The deal is scheduled to be closed in the first quarter of next year. Preliminary approval of the relevant regulatory bodies is required. Purchase of Maersk Oil will...
Air Berlin launches bankruptcy procedure - 08/15/2017
German airline Air Berlin announced start of the bankruptcy procedure. This is stated in the concern’s message. The company will continue to carry out regular flights, and the German government will provide a loan of € 150 million for the period of restructuring. The company noted that all tickets purchased by passengers on airline flights remain valid. "The reserved tickets remain valid,...
Growing demand for Nvidia's products couldn't keep its shares from falling - 08/14/2017
The high demand for video cards has not ensured growth of quotations of Nvidia, the manufacturer of graphics solutions. The market was dissatisfied with growth of the American company’s revenues in data centers and cars. The company's shares fell in price by more than 6% after the report. Nvidia’s revenues in the second quarter of the financial year 2018 increased, as expected, thanks to the...
European Commission to tighten control over acquisition of European companies - 08/14/2017
Financial Times reports that Jean-Claude Juncker is going to demand expansion of powers of the European Commission in the field of mergers and acquisitions. In particular, the regulator wants to tighten control over foreign investors with regard to purchases of European companies. First of all, such a measure is necessary for the EU authorities to protect its high-tech sector from technology...
What you need to know about Facebook's stock split - 08/10/2017
Facebook’s stock split has been approved quite a long time ago. This happened in the last year. Then, shareholders approved the proposal to split 1 to 2, and then to pay a one-time payment of dividends as non-voting shares of class C. It was assumed this decision would let the company’s founder Mark Zuckerberg and his wife Priscilla Chan to give most of their capital - 99% - to charity, but at...
28 Chinese developers are up in arms against Apple - 08/10/2017
28 Chinese application developers have filed a complaint to regulators against Apple. In their opinion, Apple exploits its dominant position in the market by removing applications created by local developers without valid reasons. In addition, the complaint points out that App Store does not have an official registration in China. According to The Wall Street Journal, 28 Chinese mobile...
