The outgoing year was not fruitful in regard to high-tech companies’ IPOs. However, some players have managed to attract Wall Street’s attention and held initial publics very well. Observing lack of high-profile IPOs, financial analysts concluded that the "Unicorn" era is coming to the end (“Unicorns” are technology companies that have achieved valuation of more than $ 1 billion without going...

Enterprise Products, a company from Texas, became the first American company to sign a contract on oil exports after the abolition of the 40 years old ban. In early January, the company will send 600 th. barrels. to a refinery in Switzerland. In the first week of January, the American Enterprise Products will ship 600 th. barrels of oil produced in Texas from the terminal in Houston. Thus, it...

According to Bloomberg, state of Mexican billionaire Carlos Slim has decreased by almost $ 20 billion from the beginning of 2015. This is the biggest loss in the ranking of the world richest people this year. In the current year, Mexican billionaire of Lebanese descent Carlos Slim has moved from third to fifth place in the ranking of 400 richest people in the world, according to the agency...

Apple has signed a cooperation agreement with UnionPay, the largest in China payment system, within the planned launch Apple Pay in China in 2016. The agreements were signed with 15 Chinese banks, including the Agricultural Bank of China, Bank of China, China Construction Bank and ICBC. Apple has signed an agreement with China's largest payment system UnionPay, as well as 15 Chinese banks as part...

Federal Court of Australia decided to remove some types of painkillers "Nurofen" from pharmacy shelves, accusing the British manufacturer Reckitt Benckiser of misleading consumers. The Court concluded that the drugs, differently positioned for specific types of pain, such as migraine, back pain and others, are completely identical. All of them contain a standard quantity of active material -...

The UK government is concerned about the prolonged crisis in which Rolls-Royce Holdings PLC has landed. Now, the authorities are considering several options to save the company. One of them could be nationalization of the company’s division, involved in producing nuclear reactors for submarines. In addition, the government is considering possibility of merging the company’s assets, fully or...

Facebook began testing a new professional version of its social network, having already attracted more than 300 companies. In the future, Facebook plans to introduce paid subscription on certain services, worth “a few dollars a month”. In just a few months, the market of professional social networks will get a new major player: in 2016, the company Facebook Inc. plans to launch a project called...

Today, the German carmaker Volkswagen has announced preliminary results of the internal investigation conducted into the scandal with understating emissions of diesel engines. According to the company’s CEO Matthias Mueller, speaking at a press conference at the headquarters of VW's in Wolfsburg, the company managed to reveal three factors of the "dieselgate" - violations made by individual...

One of the largest hotel operators in the world, the French Accor Hotels Group, announced purchase of the three premium hotel brands - Fairmont, Raffles and Swissotel – worth in total $ 2.9 billion. Experts point out that now hotel chains tend to consolidate as competition from alternative players such as service Airbnb is growing rapidly. Europe's largest hotel chain, French Accor Hotels...