Companies & CEOs
British Amazon Employees Complained on Hard Working Conditions - 08/19/2015
Employees of the British branch of the internet store Amazon complained that their working conditions lead to physical fatigue and burnout. It is reported by The Guardian. According to the leader of the British trade union Elly Baker, workers are under constant pressure. The announcement came after the article titled “Inside Amazon: Wrestling Big Ideas in a Bruising Workplace”, published August...
While Everyone is Waiting for iPhone 6S, Foxconn is Losing Money - 08/19/2015
Contract electronics manufacturer Foxconn, also known as Hon Hai Precision Industry, reported slowing earnings growth amid falling sales of iPhone. Buyers are waiting for the fall to see new products from Apple. In II quarter of 2015, net income of Foxconn rose by 27% compared to year ago and reached a figure of 25.69 billion Taiwan dollars ($ 798.1 million). In I quarter, the vendor showed an...
Citigroup Suspected of Money Laundering - 08/18/2015
US Department of Justice will examine the transactions of Citigroup bank with companies associated with the Mexican billionaire Carlos Hank Rhon. According to documents that got to Bloomberg, the American authorities are investigating possible money laundering in the Mexican branch of Citigroup Banco Nacional de Mexico. US Department of Justice will examine the transactions of US bank Citigroup...
Microsoft Unveiled the True Purpose of "Solitaire" and "Minesweeper" - 08/17/2015
Microsoft has revealed the true purpose of such computer games as “Minesweeper”, “Hearts”, “Solitaire” and “FreeCell”. All these games have been included in the installation package of earlier versions of Windows operating system for users, perhaps without knowing it, to develop PC-user skills and learn about the possibilities of the OS. The oldest of four games, “Solitaire”, appeared in...
ASL Is Awarded a Contract for the Development of the EU Rocket Carrier Ariane - 08/13/2015
The European Space Agency (ESA) and Airbus Safran Launchers (ASL, a joint venture between Airbus Group and Safran) signed an agreement on building of the carrier rocket Ariane of the new (sixth) generation, which will enable Europe to maintain leadership in the market of launching satellites. The contract value is 2.4 billion euros, it involves the development of two versions of a heavy launch...
Sales of Cars in China Fell to the Lowest in 17 Months - 08/11/2015
Sales of passenger vehicles (including SUVs and minivans) in China fell in July to the lowest in 17 months, despite the increase in discounts, reports Bloomberg. Index shows drop in the second consecutive month in June, it was recorded for the first time since February 2013. According to the China Passenger Car Association (CPCA), sales last month fell by 2.5% compared to July 2014 to 1.3...
Google Spells the Company Out - 08/11/2015
Google announced a major restructuring, which involves the creation of a new holding company Alphabet. Alphabet, which was headed by Larry Page and Sergey Brin, will include Google itself and all its many subdivisions. Google has announced a major reorganization, during which the company is going to create a new holding company called Alphabet. Search and advertising division of Google enters the...
Warren Buffett Outlines a Record High - 08/10/2015
Berkshire Hathaway is close to signing an agreement to purchase the US steel corporation Precision Castparts, whose main customers are Airbus and Boeing. The transaction amount is estimated at $ 30 billion, which will be the largest absorption not only for Warren Buffett's holding company, but for the entire aerospace industry as well. Conglomerate Berkshire Hathaway is preparing a deal to...
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....
