Companies & CEOs
Samsung Top Executives Are Suspected of Insider Trading - 12/04/2015
South Korea's financial regulator (Financial Services Commission) opened an investigation into the Samsung Group senior officials on suspicion of insider trading. According to Yonhap, persons involved in the investigation are nine top managers of Samsung. Presumably, they managed to take advantage of non-public information about the merger of the group’s two divisions in order to extract personal...
Spectre and Star Wars: Episode VII Brought Record Profit to Pinewood Studios - 12/03/2015
Pinewood Studios’ operating profit for the first six months of this year increased from 2.5 million to 7 million pounds ($ 3.77 million and $ 10.6 million respectively) compared with the same period in 2014. This is due to use of the studio facilities for shooting "Star Wars. Episode VII: The Force Awakens" and "Spectre" (the last part of the James Bond franchise). At the time, the studio’s...
The Most Innovative Companies in the World - 12/02/2015
The Boston Consulting Group (BCG) has introduced another top 50 most innovative companies in the world. More than half of the companies included in the rating are residents of the United States, 11 Europeans, 10 - Asian. Half of them are not operating in the technology sector. The top five has had a minor reshuffle. Apple and Google have retained the first and second places respectively. It’s...
InBev To Get Rid of Grolsch - 11/30/2015
AB InBev brewing company intends to get rid of its two well-known beer brands - Dutch Grolsch and Italian Peroni. By doing this, AB InBev is going to seek the European regulators’ approval over the merger with the competitor - British brewing company SABMiller (Grolsch and Peroni’s owner). Applicants for these brands are considered Dutch Heineken and Canadian-American Molson Coors. Last weekend...
Top 10 Most Expensive IT Brands - 11/26/2015
Millward Brown Optimor published its annual ranking of the most expensive brands in the world. According to analysts, strong brands generate high revenues and profits, as well as create competitive opportunities in various fields. As defined by the American Marketing Association, brand equity is value of a brand. However, there are different definitions of this concept, so there is no single way...
Yahoo Is Captured by a Moral Crisis - 11/25/2015
Yahoo’s CEO Marissa Mayer has repeatedly stated that improving the Internet company’s results can take years. However, many Yahoo employees lost their patience. They believe that Mayer has no clear idea how to further develop the company, and misleads investors about its progress. The company sunk into moral crisis - dozens of top managers fled Yahoo in the last few months. To stop the mass...
Cryptocurrency for Walkers Is Invented in Japan - 11/25/2015
Japanese investors have invested about $ 10 million to create a fund and a virtual bank that will help people to raise a new cryptocurrency from walking. 10 thousand steps will be paid 1 cryptodollar. A new cryptocurrency will arrive into free circulation in 2016. This is Bitwalking Dollars (BW $), and everyone who loves walking will be able to earn them, reports BBC. Just install a special...
Nestle Used Fruits of Forced Labor - 11/24/2015
Nestle has published a report on results of an internal review. It showed that the enterprises for extraction and processing of marine products in Thailand, which supply Nestle with products, used forced labor. In these enterprises, audit revealed facts of exploitation, trafficking, work in dangerous and degrading conditions. The report "Recruitment Practices and Migrant Labor Conditions in...
Bosch Got Into 'Dieselgate' - 11/20/2015
US authorities have started an investigation into the German company Bosch. It is suspected of involvement in the scandal that erupted around Volkswagen’s diesel vehicles. The investigators believe that the company, which delivers some important details for diesel engines, could know about Volkswagen’s manipulations or even take part in it. As Reuters reports, citing sources familiar with the...
Jack Dorsey's Square Is Cheaper Than Expected - 11/19/2015
American payment service Square held an IPO with price of $ 9 per share. This was below the lower limit set in the beginning of November ($ 11-13), and almost half, that investors paid for the share last year. Among the reasons are the investors’ incredulous looks on the profitability of payment systems in general, as well as the slowdown in Square’s revenue growth. On Wednesday, late in the...
