Japanese concern Toshiba announced a projected loss of 1.01 trillion yen ($ 9.2 billion) following the results of the financial year ending March 31, and expressed concern about the company's future. According to the company’s financial statements published after delays in the statistics’ publication, the company's net loss in April-December amounted to 532.5 billion yen ($ 4.8 billion). Toshiba...

German pharmaceutical company Stada Arzneimittel AG accepted an offer to purchase from consortium of private investment funds Bain Capital LLC and Cinven Group Ltd., according to MarketWatch. The deal will amount to more than $ 4 billion ($ 69.90, 66 euros per share) plus a dividend of € 0.72. The Board of Directors and the Control Commission agreed to accept the offer to buy a 100% stake in...

Technology giant Baidu owns a cartographic platform, the largest search engine in China, a popular video site iQiyi, and links these services to the vast ecosystem of Internet and cloud services. Leo Sun from Motley Fool invites to take a closer look at the company’s sources of revenue and assess the challenges the company is facing. In 2016, 91% of Baidu's revenue came from Internet marketing....

Falling sales and growing competition from online retailers are forcing US retailers to restructure their operations and close stores. Just two weeks after Sears chain of stores warned about possible shutdown, one of the largest American retail chains Payless ShoeSource filed for bankruptcy. On the same day, Ralph Lauren announced closure of its flagship store on Fifth Avenue and another round of...

Exxon Mobil is negotiating purchase of an oil refinery in Singapore, which could increase production of fuel and petrochemical products in Asia, Reuters reports. "We can confirm that we are currently negotiating with liquidators of Jurong Aromatics Corporation Pte Ltd to acquire JAC assets on Jurong Island," said Exxon Mobil. "We came to some progress, but an agreement has not been reached yet",...

The world's largest oil companies are struggling for breakeven. Despite saving billions of dollars and a moderate recovery in oil prices, Exxon Mobil, Royal Dutch Shell, Chevron and BP in 2016 did not earn enough money to cover their costs, the Wall Street Journal estimated. Journalists of the WSJ subtracted amount of dividends and capital expenditures of companies from their operating cash flow...

Tesla company has surpassed analysts' expectations, announcing the release of more than 25,000 cars in the first three months of this year. This is a quarterly record for the manufacturer of electric vehicles, which promises to begin assembling its new affordable sedan Model 3 in July. Elon Musk’s company Tesla produced 25 418 cars in the first quarter of 2017. This is 69% more than in the same...

Head of the Japanese manufacturer and seller of clothes Uniqlo Tadashi Yanai said that his company could probably leave the US market. He explained this decision by a new law, proposed by Donald Trump’s administration, which obliges all companies either to transfer their production to the US, or pay an additional tax. Tadashi Yanai, CEO of Fast Retailing and owner of famous Uniqlo clothing brand,...

Chinese messenger WeChat intends to expand its business in Europe by opening an office in the UK. Currently, the company is negotiating with European brands offering premium products and fashionable clothes, as well as payment organizations. In an interview with Bloomberg, Tencent Europe's director Andrea Ghizzoni said: "We had to take steps towards servicing European brands." The company,...