If advertisers break contracts with the Russian tennis player, Maria Sharapova will find herself in danger of losing tens of millions of dollars of secure income. "I made a terrible mistake. I let down the fans. I let down the whole sport, "- said Maria Sharapova on March 7 at an emergency press conference in Los Angeles. The tennis player and her PR-team from IMG sports agency decided to give...

The world's largest travel luggage manufacturer Samsonite buys Tumi Holdings for $ 1.8 billion. The deal will allow Samsonite to strengthen its presence in the premium segment of the luggage market, and Tumi, the main sales which now goes to the US, to step up their presence on their European and the Asian market. On Friday, the world's largest luggage company Samsonite International announced...

As Italian Compagnie Industriali Riunite (CIR) and the Fiat Chrysler Automobiles (FCA) reported yesterday in a joint statement, they decided to merge their publishing assets. The merger, which may give rise to consolidation in the print media market in Italy, will be carried out through an exchange of shares and will, according to its members, form one of Europe's largest companies in the daily...

A private fund The Platinum Whisky Investment Fund, established in June 2014 in Hong Kong, is preparing to pay first dividend, said the fund’s CEO Rickesh Kishnani The fund buys old and rare malt whiskeys. Some time later, when the beverage’s cost increases, the fund sells it. Part of the collection is already for sale, the proceeds will be used to pay first dividend. "We hope to announce the...

2015 annual accounts of one of the largest suppliers of raw materials - Glencore – showed up the weakest for the company since it became public. Net loss triggered by falling oil prices reached almost $ 5 billion. According to the Swiss company's statements of 2015, Glencore’s net loss was $ 4.96 billion against last year's profit of $ 2.3 billion. The profit was reduced by 70% for the year to $...

Today it was announced that Sharp Corporation of Japan accepted a purchase proposal from the Taiwanese company Foxconn. The deal amounted to $ 6.25 billion. In connection with the current deal, Japan resumed debate on the admissibility of the sale of large companies to foreign investors. Taiwanese technology company Foxconn Technology Group will acquire Japanese Sharp Corporation, the transaction...

The company Abu Dhabi Financial Group, which acquired the headquarters building of the Metropolitan Police known as Scotland Yard in 2014, has received permission for the demolition of the object. According to the project, the place will be occupied by six high-rise buildings with house shops and offices on the lower floors will, and superadjacent luxury apartments. Scotland Yard with...

A former trader of JP Morgan Chase & Co. Bruno Michel Iksil, known as "London whale," broke a four-year silence and said he was not guilty of the bank’s multibillion-dollar losses. Mr. Iksil wrote this in a letter to various business media, including Bloomberg. Iksil said that JPMorgan used him as a "scapegoat", placing him personally responsible for the loss incurred by the bank due to the...

Norwegian oil and gas Statoil established an investment fund for financing renewable energy projects, according to the company’s statement. Until 2022, Statoil expects to invest in green energy to $ 200 million (1.7 billion kroner). The company is ready to finance projects for the extraction of wind and solar energy, solutions in the storage and transportation of energy and intelligent energy...