Microsoft Corp. sold bonds for $ 17 billion, which has become the largest emission of this year, Bloomberg reported. The company surprised investors with such a major transaction shortly after earning $ 19.75 on another bonds sale in August. However, strong demand for Microsoft’s paper allowed the company to raise the bid higher than previously estimated $ 14 billion. The bonds were issued with...

Japanese Sony Corp. announced write-off of 112.1 billion yen ($ 976 million) in the cinema segment for the quarter ended in December, as newly popular online broadcasts sharply limited demand for DVD. The announcement followed decline in the company’s profit forecast on DVD operations, blue-ray and other types of home entertainment with the overall shrinking market, reports Reuters. The main...

Ant Financial, financial arm of Chinese online retailer Alibaba, buys money transfer service MoneyGram for $ 880 million, Bloomberg reported. The deal will be closed in the second half of 2017 after receiving approval of regulators. Chinese company will pay $ 13.25 for each MoneyGram’s paper, which is 11.5% above the closing price on 25 January. Now, MoneyGram has 350 thousand offices around the...

American biotech corporation Johnson & Johnson announced acquisition of Swiss pharmaceutical company Actelion Pharmaceuticals Ltd. for $ 30 billion with spin-off of the research division into an independent company, said J&J in a report. The deal has already been approved by boards of directors of both companies, and is expected to be closed in the I quarter of 2017. Johnson & Johnson...

Google has published a report on the fight against incorrect or fraudulent advertising and false information. In the past year, the company has removed 1.7 billion advertisements that misled consumers by offering something illegal or spread false information. In addition, the Internet giant has blocked more than malevolent 200 Internet resources. Google has published a detailed report on outcome...

Goldman Sachs’s President Gary Cohn, whom the US president Donald Trump offered to head the National Economic Council, will receive $ 284 million after leaving the bank, Bloomberg reported. To help Cohn avoid conflicts of interest on his new position, the bank’s management decided to accelerate transfer of 96,572 shares to Cohn in accordance with an earlier decision to grant him compensation in...

In the US, Apple filed a $ 1 billion-worth lawsuit against its computer chips supplier Qualcomm. The smartphones developer claims that its supplier went beyond all bounds and violated antitrust laws, inflating prices of goods. Thus, the supplier refused to return to Apple surplus payment in the amount of $ 1 billion. Now, the companies are waiting for court proceedings. According to CNBC...

Uber will pay $ 20 million to settle lawsuit of the US Federal Trade Commission (FTC). The latter is claiming that the company misinformed its drivers about their likely earnings, CNN Money reports. According to the FTC, Uber has been making false, misleading or unsubstantiated claims about earnings of drivers and car financing program. Uber claimed that average annual income of a driver in New...

Chinese e-commerce company Alibaba has become the main sponsor of the Olympic Games by signing a deal with the International Olympic Committee (IOC). The contract expires in 2028, informed both parties of the agreement on Thursday. Alibaba, which has now become official partner of the Games in the field of e-commerce and cloud services, will join 12 other major companies-sponsors, including...