Companies & CEOs
Valentino's Triumph: How Qatari Sheikhs Taught Europeans Running Business - 09/15/2015
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...
Pokemon, I Choose You: Nintendo Gets a New President - 09/14/2015
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...
Android Pay is Now Ready for Use - 09/11/2015
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...
Highlights of the Apple's Event - 09/10/2015
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...
Lufthansa Pilots September Strike is Prolonged - 09/08/2015
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...
Glencore to Reduce Debt by $ 10.2 Billion - 09/07/2015
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...
Toshiba's Loss Could Reach $ 83 Million - 09/03/2015
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...
Alibaba Is Going to Compete with Netflix - 09/02/2015
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...
Barclays Allowed Donations in Bitcoins - 09/01/2015
Barclays has become the first major British bank to accept Bitcoins. For now, the scope of their use will be limited by donations transfer to charitable organizations, but in the future Bitcoin is expected to be used as a tool to change the entire financial system. Barclays has become the first bank in the UK, which began to take Bitcoins as payment. According to The Times, the bank has long...
Allianz is Considering Buying French and British Airports - 08/31/2015
The division of the German insurance company Allianz, invests in infrastructure projects, is interested in buying a French airport “Nice Cote d'Azur”, as well as the fifth largest airport in the British capital “City of London”, the agency said Bloomberg referring to informed sources. According to sources, Allianz Capital Partners, together its potential investors, owns funds sufficient for the...