General Electric (GE) company plans to gain $ 4 billion through sale of its two industrial units, and is going to achieve a cost reduction of $ 1 billion. The company is taking these steps within a programme of increasing profitability by reducing volume of activity. The two divisions, sale of which was announced during a presentation to financial analysts are Industrial Solutions, which provides...

US investment bank Goldman Sachs Group Inc, is expected to appoint David Solomon and Harvey Schwartz top aides to Chief Executive Lloyd Blankfein. According to The Wall Street Journal’s sources, names of Solomon and Schwartz, appointment of whom may be announce as early as Wednesday, emerged after US President-elect Donald Trump promised to invite President and Managing Director of Goldman Sachs...

Honda Motor invested in Singapore taxi service GrabTaxi Holdings. The latter may these funds to compete with Uber growing in Southeast Asia. Volume of the Japanese automaker’s investment has not been disclosed. The deal with Honda took place less than two weeks after GrabTaxi announced cooperation with the largest Japanese car leasing company Tokyo Century. In September, Grab raised $ 750 million...

Japanese brewer Asahi Holdings is going to buy a number of Eastern European beer brands from Anheuser-Busch InBev (AB InBev) Belgian company. Asahi announced this in today’s release. The acquisition price is ¥ 900 billion (€ 7.3 billion). The Japanese company acquires Czech producer of beer Plzensky Prazdroj, Polish Kompania Piwowarska, as well as Romanian Ursus, Slovak Topvar and Hungarian...

The Financial Times obtained BP’s report on internal audit security, carried out last year. It states that, despite earlier disaster in the Gulf of Mexico and adopted program to improve safety measures, the company is still not paying enough attention to control important technical information. In recent years, such inattention resulted in several incidents that could lead to death of people....

On Sunday, Iran signed an agreement to purchase 80 passenger Boeings worth $ 16.6 billion. The country’s representatives also announced purchase of a dozen Airbus aircraft, thus concluding the biggest deal with Western companies since the 1979 Islamic revolution. Under the deal, IranAir buys Boeings 737 MAX and thirty Boeings 777. Iranian official told Reuters that IranAir is also on the "very...

In anticipation of growth of the world’s urban population, the largest seller of furniture and household goods, Sweden IKEA, will open smaller shops and pickup points located closer to city centers. "Until now, our recipe for success was to build large stores on potato fields. Now, however, we expect that 70% of the world population will live in cities by 2050 - said CEO of IKEA Peter Agnefjäll....

In mid-November, media reported that UniCredit is planning to raise € 13 billion on the market to strengthen its capital. The bank needs the funds to stabilize its position, which has weakened due to deterioration of overall situation in the country’s banking market. At the end of the third...

Pimco Total Return Fund, which has been the largest active fund investment in US bonds for two decades, lost the lead to Metropolitan West Total Return Bond Fund. According to Morningstar Inc., assets of MetWest fund increased by approximately $ 10 billion since beginning of the year, and amounted to about $ 79.6 billion as of the end of November, compared with $ 78.5 billion in the fund managed...