Yesterday, Hewlett-Packard introduced the corporation’s financial projections for the year 2016 in view of its impending separation into two independent companies - HP Inc. and Hewlett-Packard Enterprises (HPE). According to the plans, HP’s personnel will be downsized by 25-30 thousand jobs until the end of October in order to reduce costs and improve the competitiveness of the company....

Sales of fashion house Valentino in 2015 could reach $ 1 billion. Over the last year, sales increased by 59%, and did triple since 2012. That's when the company was bought by a financial group Mayhoola for Investments, which belongs to the Qatari sheikhs. Valentino’s sales totaled $ 530.6 million for the first half of 2015, and it is by 59% more than in the same period last year, according to...

Japanese gaming giant Nintendo decided on the new leader. The company will soon be headed by Pokemon’s former CFO, Tatsumi Kimishima. This was reported by CNET. Nintendo’s representatives, commenting on the new appointment, expressed the hope that the business background of the new head will help the company overcome the series of setbacks of recent years and will contribute to early exit from...

Google has announced the launch of Android Pay payment service enabling payments via smartphones at cash desks in shops and payment terminals. For now, the service will be available in the US only; date of launch in Europe has not yet been reported. The launch of the service in the US Android Pay was formally announced late last night. It is reported the system will be available at more than 1...

A number of new, long-awaited Apple products have been finally presented. Before we look in detail at all that has been shown, let’s have a quick overview on what the company came out with. By the opening of the stock exchange, Apple was worth $ 113.76 versus $ 112.31 at close of trading the previous day. However, by beginning of the presentation, Apple's stock had fell to $ 112.8, and a little...

German civil aviation pilots union Vereinigung Cockpit announced the expansion of the strike action before the start scheduled on September 8. Thus, after the strike on long-haul flights operated by Deutsche Lufthansa AG on Tuesday, September 9, the pilots are planning to discontinue service flights on the near and medium distances, reports Deutsche Welle.   As reported, on Monday, Cockpit...

The world's leading mining and trading company Glencore Plc announced on Monday an ambitious plan to reduce its debt by a third. Termination of payment of dividends, the additional issue of $ 2.5 billion and the sale of assets of $ 2 billion should reduce the debt by approximately $ 10.2 billion. The world's leading raw material producers and traders - Swiss Glencore Plc - published on Monday a...

Japanese company Toshiba may report a loss of about $ 83 million (10 billion yen) in its reporting on the results of 2014-2015 fiscal year, according to local newspaper Yomiuri, citing its own sources. After the scandal with the reporting, Toshiba was assumed that the company reported losses, but its possible size became known only recently. There is a likelihood that Toshiba will not be able to...

China's largest online retailer - the company Alibaba - launched streaming video service. So far, Netflix’s competitor is available only in China via TV operating system for smart TV. The project is called Tmall Box Office and provides access to both Chinese shows and movies, as well as to foreign video content. The subscription fee costs about $ 6.10 per month. The first plans for the launch...