Founder and CEO of Twitter Jack Dorsey announced the transfer of a third of his stake in the company to their employees. The statement was made one week after Dorsey announced the start of a difficult operation for drawing the company out from stagnation. - I’m giving about 1/3 of my Twitter shares (1% of the company) to our pool of shares for employees, to invest directly in people", - Mr....

It looks like some children will not receive their Christmas and New Year’s gifts. Not because they didn’t behave themselves – just one of the largest toy manufacturers in the world, the Danish company Lego, admitted it cannot cope with the flow of orders coming before the winter holidays. As a company spokesman told Reuters, Lego factories are operating at full capacity, but it is not enough:...

Almost everyone wants to get rich quickly, especially if engaged in trade in the financial markets. One can spend years, not having caught the right trend, yet there are individuals lucky enough, who manage to get rich in a few days. The examples are around us. Such an incident has occurred just this week. Stocks of a little-known company, which is also in a deep crisis, have suddenly shot up....

Nestle, the world's largest company for the production of food and beverages, has reduced the forecast on sales growth for the current year due to the slowdown in the Chinese economy and the ban on its Maggi noodles in India, which occurred to be more painful than expected. It is the third year in a row when Nestlé has not reached its long-term growth targets of 5-6% per year (the so-called...

Uber taxi service has got an unexpected and unusually influential ally. Boris Johnson, Mayor of London, speaking in Tokyo with a lecture about startups, urged his colleagues around the world to stop fight as it is doomed to failure, and do create a rule under which taxi services and a traditional taxi would function equally. - If the pasta has already squeezed from a tube, consider that this is...

Italian financial police raided the headquarters of the sports car manufacturer Lamborghini as part of investigations on the Volkswagen case. The Italian company, according to the investigation, may be implicated in the scandal that erupted around the software Volkswagen installed in vehicles with diesel engines. It makes possible to bypass the eco test for emissions. According to Reuters’...

Accumulator batteries, made by the automaker Tesla, will be first used in buildings: a Californian real estate developer Irvine Company announced plans for the construction of 24 office buildings, equipped with Tesla batteries. The developer hopes that the batteries will help to reduce power consumption during peak loads and reduce electricity consumption by 25%. One of the oldest real estate...

The largest Chinese online retailer Alibaba intends to open its first European offices in Italy, France and Germany in the next few months. This was aired by the president of Alibaba Group, Michael Evans, writes The Wall Street Journal. According to Evans, the decision on opening the agencies abroad - another Alibaba’s step to expand its presence in foreign markets. As pointed out by WSJ, this...

The world's largest electronics manufactory contractor Hon Hai Precision Industry, also known as Foxconn, shows record revenues in the III quarter thanks to orders from Apple. In the previous reporting quarter, Foxconn’s sales reached 1.07 trillion Taiwan dollars (about $ 33 billion). This is the highest result of the company for the period July-September. Compared to the previous quarter and the...