Companies & CEOs
Life after Gross. PIMCO Made It. - 08/07/2015
The largest operating company in the world Pacific Investment Management Co. (PIMCO) managed to cope with the consequences of withdrawal of one of its founders, Bill Gross, said Dieter Wemmer, the chief financial officer of Allianz SE, which is in ownership of PIMCO. The outflow of funds from PIMCO would probably soon cease, he said in an interview with Bloomberg. According to him, PIMCO plans...
Tesla has problems with production, but Model X will be released - 08/06/2015
Elon Musk’s company has reduced the annual forecast on supply of its electric vehicles. Now, the automaker intends to release 50-55 thousand cars, the lower threshold has not been announced yet. Tesla Motors has also announced the release date of the long-awaited crossover Model X. Consumer interest in the production Tesla Motors is so great that the company barely has time to meet the demand....
Alibaba Group Hooked Goldman Sachs' Former Vice-Chairman - 08/05/2015
One of the world's largest online retailers - Chinese Alibaba Group announced the appointment to the post of the company’s President a well-known investment banker, former vice-chairman of the US bank Goldman Sachs, Michael Evans. Alibaba believes that Evans’ experience in international markets will enable him to actively develop business outside of China. In a statement, Alibaba Group said that...
Has Apple been afflicted by the "curse of the Dow" ? - 08/05/2015
Unable to meet investor’s expectation, shares of Apple Inc have hit their six months low. Read on to know its movement analyses so that you can make a pile irrespective of whether the shares rises or falls. With Apple’s quarterly results disappointing analysts, the shares of the iPhone maker has been lying in the rut and have fallen to their 6 months low of $113.25 on 04-08-2015. This...
Apple Relinquish the Lead in China - 08/04/2015
In the second quarter, Apple ceded the leadership of the Chinese smartphone market to local companies Xiaomi and Huawei, being now satisfied with third place. Samsung and another Chinese smartphone manufacturer - Vivo - are behind Apple in China. On Monday evening, the research firm Canalys reported that in the second quarter, the largest manufacturer of smartphones in the Chinese market has...
U.S Department of Justice probes Deutsche Bank on money laundering charges - 08/04/2015
The U.S Department of Justice is probing money laundering charges against Deutsche Bank who may have out back-to-back transactions, also known as mirror transactions, on behalf of its Russian clients. Basing itself on reports from people who are familiar with the matter, the United States’ Department of Justice will begin investigation into trade related transactions that Germany's Deutsche Bank...
Coca-Cola Bottlers to Merge - 07/31/2015
Three companies, involved in bottling and selling Coca-Cola in Europe, decided to merge their operations to simplify the production and improve efficiency. According to the newspaper The Wall Street Journal, negotiations between Coca-Cola Enterprises, Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetranke AG, which continued for almost a year, are in the final stage. According to the...
Samy Kamkar exposes a vulnerability in GM’s OnStar-equipped vehicles - 07/31/2015
Samy Kamkar, a security researcher, has exposed a vulnerability in GM’s OnStar equipped vehicle, which although GM was quick to patch, but, as per Kamkar, the patch did not work, and the fault remains. It would seem that General Motors is just not able to fix software bugs related to its new age cars. Just last week, Chrysler had recalled 1.4 million vehicles after security researchers exposed...
LinkedIn fails to connect with investors despite windfall revenues - 07/31/2015
In spite of reaping bumper revenues, shareholders are unmoved by LinkedIn’s growth. LinkedIn Corp is the biggest social networking site for professionals. Driven by a strong growth in its business which serves recruiters, it has reported a much better-than-expected rise in its quarterly profits, which is as much as 33%. However, its shares were down by 3.9%, during after-hour trading, as...
Twitter: Change the Way You Count It - 07/29/2015
The number of active Twitter users for the II quarter 2015 increased by 8 million? Perhaps, but only on the basis of those who use the service through SMS. In reality, the increase amounted to only 2 million users. Shares of the social network have fallen in price. Announcing the financial results for the II quarter of this year, microblogging network Twitter said that the number of active users...
