The largest shareholder of Alibaba, for the first time invested in the company in 2000, decided to reduce its stake. It plans to sell 4% stake in the company worth $ 7.9 billion. The package of $ 2 billion will be bought back by Alibaba itself. The largest shareholder of the Chinese Internet giant Alibaba Group, Japanese telecom company SoftBank Group Corp. intends to reduce its stake in the...

Japanese Toyota may buy Boston Dynamics, Alphabet’s unit producing robots, according to Tech Insider, citing people familiar with the situation. Messages that Alphabet is selling Boston Dynamics appeared in March this year. Among potential buyers for the robot manufacturer showed up Research Institute of Japanese carmaker Toyota and American Amazon Corporation, which already have experience with...

Netbase company analyzed 6.5 million messages on social networks in 50 European countries over the past year. The study’s results are revealing types of businesses on which consumers often respond with love. Based on these reports, Netbase made up the top 50 of best-loved brands in Europe. Below is a list of the 10 most loved brands. 10. Porsche - 106 249 references Porsche is a German...

Alphabet, owns Google, has won a legal dispute with Oracle on patent rights to use Java software, reports Reuters. Court in San Francisco rejected Oracle's compensation in the amount of $ 9 billion, according to the company’s statement. Oracle filed a lawsuit, which indicated that Google had received $ 8.8 billion as a result of violation of Oracle’s copyright. The company has filed a lawsuit...

U.S. Securities and Exchange Commission is investigating accounting practices in the Alibaba Group in order to find out possible violations of US securities legislation by the Chinese Internet giant. This is stated in Alibaba’s message posted on SEC’s website. SEC has launched an investigation earlier in 2016. The regulator has asked the Chinese company to voluntarily provide documents and...

AAA credit rating is becoming a museum piece in the corporate world. In April, Standard & Poor's downgraded oil company ExxonMobil to AA-, thus leaving the United States with only two companies rated the highest - Johnson & Johnson and Microsoft. To compare, there were 98 of them in 1992. Shrinking number of AAA-rated companies is one of the clearest evidence of how actively business has...

The Google office located in the IX arrondissement of Paris is under investigative action started today at 5 am. According to Le Parisien, citing informed sources, the search is led by about a hundred employees of the tax service, tax police and the prosecutor's office of the tax department. The company is suspected of tax evasion. The publication’s source notes that preparations for the...

Brazil's government may approve sale of the state share in the scandal-ridden Brazilian oil and gas giant Petrobras, Reuters reported, citing sources familiar with the situation. Earlier it was reported that the Brazilian government is considering selling shares in state assets, including postal, transport and insurance companies. According to Globo newspaper, the government can take such shifts...

Chinese carmaker Zhejiang Geely Holding Group Co., which owns the manufacturer of London black cabs, has attracted $ 400 million to finance development of hybrid TX5, Bloomberg reported. This vehicle is designed to replace traditional cabs. The funds were drawn by placing a so-called green bonds (debt instruments, gains from the sale of which is given to finance environmental projects). According...