Quarterly results of the manufacturer of mobile chips Qualcomm surpassed expectations of Wall Street. However, the company's forecast was worse than analysts' estimates, which caused a 2.3% drop in shares. Net profit of one of the world's largest manufacturers of components for mobile devices Qualcomm Incorporated for the nine months of 2016-2017 fiscal year (ended June 26) fell 1.79 times...

Management of the Italian bank UniCredit reported that it has signed an agreement with Fortress Investment Group and PIMCO on sale of troubled loans worth 17.7 billion euro. These loans will now be converted into securities, and then will be offered to investors. According to the agreement, one portfolio of problem loans will be allocated to a new firm, which is controlled by the hedge fund...

Investors often compare Nike and Under Armour as these two compete in the segment of sportswear, footwear and accessories. Today, however, both manufacturers are experiencing completely different stages of development of their business. And the quotes show this perfectly: since the beginning of the year, Under Armor’s securities have fallen in price by 24%, while Nike’s shares have added 14%. So,...

The US authorities charged the ex-manager of Audi (a division of the German automotive concern Volkswagen) in connection of a case of violation of US environmental standards. This is stated in a message issued on Thursday by the US Department of Justice. The agency notes that 60-year-old Giovanni Pamio, a citizen of Italy, is accused of conspiracy to fraud and violation of US environmental...

Heads of ExxonMobil, Total and Shell supported Qatar’s plans to increase production of liquefied natural gas (LNG), promising to purchase it from Doha. Thus, Qatar received support from major international energy corporations during its conflict with other Arab countries, including Saudi Arabia and the UAE. Qatar is already the world's largest LNG supplier and plans to increase its production to...

Starting in 2019, all new models of Volvo cars will be equipped with an electric motor, that is, they will be either fully electric or hybrid. Thus, Volvo Cars will be the first of the world's largest automakers to completely abandon cars with only an internal combustion engine. Swedish Volvo Cars company announced the "completion of the historic stage" when the cars were equipped only with an...

Today, Tehran will sign an agreement on development of the world's largest gas field, South Pars. The agreement participants will be Total and CNPC on one side and National Iranian Oil on the other. This will be the largest foreign transaction for Iran since the removal of international sanctions from the country in 2016. The basic principles of this agreement were signed by French Total, Chinese...

The market value of the largest US banks has grown by more than $ 40 billion after the Federal Reserve of the United States published annual results of stress tests. The audit showed that the credit institutions are able to significantly increase the amount of dividends for holders of shares. The market price of Wells Fargo securities increased by 4.1%, Citigroup shares went up by 3.8% at the...

Dan Loeb, managing director of Third Point hedge fund and best known for making serious bets on the corporate giants of the US and Japan, became interested in Europe this week and. His fund bought a 1.3% stake in Swiss Nestlé for $ 3.5 billion and published a comprehensive appeal calling for a change in the corporation’s business. Loeb belongs to the so-called category of activist investors. He...