Companies & CEOs
Twitter Gets Its Founder Back - 10/06/2015
Twitter officially announced that its founder Jack Dorsey has once again been appointed permanent CEO. Shareholders and the company's management hope that the founder will be able to give a new impetus to its development and increase the number of users of the service. In the notification to the Commission on the Securities and Exchange Commission, the company reported that Jack Dorsey, who until...
The Sweet News: Nestle is Going to Take Up A New Ice Cream Brand and Spring Up to Premium Chocolate Market - 10/05/2015
Nestle is in talks with R & R Ice Cream on merger of international business for the production of ice cream, according to Reuters, citing a source. The deal is estimated at € 3 billion (about $ 3.4 billion). According to the agency, Nestle has taken such a decision in order to be able to focus on the development of more profitable brands. The source said that if the deal succeeds, the...
Ferrari Prepares for IPO - 09/30/2015
The volume of initial public offering could be worth $ 1 billion Ferrari can start the process of preparation for the initial public offering on October 2, CNBC television reported, citing informed sources. Price range for the shares may be called on October 12. It is expected that the company will make about $ 1 billion once the securities are sold. Upcoming IPO of the sports car manufacturer...
Japan Tobacco Adds Another Brand to The Collection - 09/29/2015
US tobacco company Reynolds American sells its brand Natural American Spirit to Japan Tobacco for $ 5 billion, according to the company’s press release. The transaction is expected to be approved by antitrust regulators in early 2016 and will be closed shortly thereafter. The deal includes the rights to use the brand and related trademarks only in international markets, while Santa Fe Natural...
Shell's Oil Search is Frozen in the Arctic - 09/28/2015
On Monday, Royal Dutch Shell announced the termination works on the exploration and production of oil in the Arctic for "the foreseeable future". This decision was taken after "disappointing" results of activities, on which the company has already spent $ 7 billion. The company's activities in the Arctic received harsh criticism from environmental non-governmental organizations, politicians and...
Hyundai Motors Recalls 470 000 Sedans - 09/25/2015
2nd of November, Hyundai Motors starts recall of 470 000 sedans Hyundai Sonata, made from 2011 to 2012, in the United States. A fault in the 2- and 2.4-liter gasoline engine, which can cause them to break, forced the company to withdraw the best-selling cars in America. In documents filed to the National Highway Traffic Safety Administration, NHTSA, on Friday, the company said that engines,...
Boeing: Made in China - 09/24/2015
China and Boeing signed the largest in the company's history deal for the supply of 300 civilian aircraft, components for which the final fine-tuning are planned to be made in China. The American corporation Boeing announced that it has signed a contract with China for the supply of single-aisle Boeing-737 and wide-body aircraft 737-800 NG, which will be assembled in the USA with components...
British American Tobacco Goes Eastern Europe - 09/23/2015
British American Tobacco company announced signing an agreement to purchase the Polish manufacturer of electronic cigarettes Chic Group. In addition, the British company has agreed to alliance with RJ Reynolds American. Precisely, the participants will exchange technologies used for electronic cigarettes production. The second largest world producer of tobacco British American Tobacco (BAT)...
A Doomsday for Volkswagen - 09/22/2015
Shares of the world's leading automakers fell against expanding scandal on Volkswagen Group’s juggling with data on harmful emissions. In the United States, the Congress and the Department of Justice have already been involved in investigation of the German manufacturer’s actions. The authorities of Germany and South Korea plan to conduct its own investigation. Overnight, VW capitalization...
The Explosion in China Broke Zurich Insurance Group's Plans - 09/21/2015
The Swiss insurance company Zurich Insurance Group announced the withdrawal of its bid for the British insurance company RSA Insurance Group for $ 8.8 billion. The reason for a change of plans was Zurich Insurance’s losses incurred in the third quarter, including due to a series of powerful explosions in Terminal container in Chinese port of Tianjin in August. This morning, one of the largest...
