Chinese company Alibaba Group Holdings Ltd. set a new sales record on the tenth anniversary of the sale on the occasion of the Day of Bachelors, which is celebrated in China on November 11th. However, the growth rates were the lowest in the entire history of this holiday shopping. The volume of goods sold on Alibaba platforms on this day reached $ 30.8 billion, which is 21.7% higher than the...

Bombardier Inc. intends to sell two units for about $ 900 million and cut 5 thousand jobs, according to Reuters. Shares of the company on Thursday fell by 26% due to the disappointing free cash flow forecast. The Canadian manufacturer of aircraft and trains reported that it can achieve the target free cash flow in 2018 only using revenues of $ 635 million from the sale of a plant in Toronto....

American Symantec, one of the leading developers of computer programs for data security, received an acquisition offer from direct investment company Thoma Bravo, reports The Financial Times, citing informed sources. According to media reports, Thoma Bravo intends to delist Symantec shares once the deal is signed. The Financial Times, Reuters and CNBC failed to set a proposed takeover price....

The two largest aircraft manufacturers in the world signaled on Tuesday that they were interested in ending the trade war between the United States and China, Reuters reported. Boeing and Airbus made comments on the opening day of the International Airshow China 2018, which will be held November 6-11 in Zhuhai. Foreign airlines are interested in deals with China due to its growing demand for...

In the last quarter, Apple sold as many iPhones as it did a year earlier. Investors are rightly wondering: where is Apple planning to look for new buyers? Meanwhile, the public has the right to ask: what has become with the corporation’s desire to change the world? Apple's quarterly report, published last week, left an ambiguous impression. For July-September 2018, the company reported revenue of...

Most of the US companies operating in China intend to move production outside of China. However, only 1% is ready to return home. According to a survey by the American Chamber of Commerce in South China, which was attended by over 200 US companies operating in the PRC, most of them are experiencing extreme difficulties due to trade disputes between Beijing and Washington. 64% of companies said...

The European Commission, which serves as the EU's main antitrust regulator, sent a Statement of Objections to the German Siemens AG and the French Alstom SA in connection with their plans to consolidate assets in the field of railway engineering. Receipt of the notification was confirmed by representatives of Siemens, writes Dow Jones.   Such notification means that the final EC decision...

General Electric Co. suffered a net loss in the third quarter. The results were weaker than market expectations, and the company reduced dividends and announced reorganization of its problematic energy division (GE Power). According to a press release from GE, the net loss in July-September amounted to $ 22.81 billion, or $ 2.62 per share, compared to net income of $ 1.32 billion, or $ 0.15 per...

According to Barclays, the number of new Netflix subscribers who joined the streaming service this year is approaching a record high of 27.4 million people. The result is impressive - it took HBO 40 years to attract almost the same number of users only in the United States. Since the beginning of the year, the number of new subscribers to the Netflix streaming service is about to surpass the...