Companies & CEOs
Boeing offers aircraft to Iran - 04/12/2016
During a business visit to Iran, representatives of Boeing held the first after the sanctions regime’s change negotiations with the Iranian airlines about a possible sale of commercial airplanes and aviation services. According to the Iranian news agency IRNA, the negotiators discussed Boeing 777, 787 and 737 models among other things. Iran badly needs them since the biggest part of the country’s...
Daily Mail is considering buying Yahoo! - 04/11/2016
UK-based Daily Mail & General Trust, which owns the newspaper Daily Mail, showed up among the contenders for the purchase of assets of Yahoo! Inc., according to The Wall Street Journal, citing sources familiar with the situation. Daily Mail & General Trust is in talks with several private equity funds. The company seeks their support for application for the acquisition of the US Internet...
WhatsApp Encrypts Users Correspondence - 04/06/2016
WhatsApp messenger’s management announced introduction of encryption for all kinds of information exchanged between its users, be it text or voice messages, photos, videos, files, group chats. This decision was taken after the FBI-Apple conflict flared in connection with the security services’ claim to get access to the locked iPhone of the terrorist. The incident caused a controversies and fears...
Tesla Celebrates Triumph in Sales - 04/04/2016
Car sales in the US in March 2016 fell to their lowest since February 2015, that is, 16.57 million, based on the annual rate, according to Autodata Corp. Experts interviewed by Bloomberg had average forecast for sales at the level of 17.3 million in annual terms. At the same time, Tesla received 276 thousand pre-orders for electric car Model 3 just in three days. Three major US automakers - Ford,...
GlaxoSmithKline To Help Poor Countries - 04/01/2016
Head of the British pharmaceutical company GlaxoSmithKline Andrew Witty said they will free their medical production from patents in poor countries. The company believes that this will facilitate access to medicines for their residents, since the decision is basically an allowance for generic manufacturers to produce cheaper analogues of GlaxoSmithKline drugs in these markets. General Director of...
Boeing to Rationalize Its Washington Division - 03/30/2016
The Boeing Company intends to cut 4.5 thousand jobs by June. The decision should help accelerate implementation of cost reduction programs amid growing competition from Airbus. The layoffs will concern mainly the commercial division of the company, not just ordinary employees but also managers and senior representatives. As a result, the total number of Boeing employees will be reduced by 2.8%....
Yamaha Goes Autonomous - 03/29/2016
Yamaha is actively investing in US start-ups operating in the field of autonomous vehicles. The Japanese believe that it will help them accelerate creation of a motorcycle with elements of autonomous control. Previously, the company introduced a concept of Motobot robot, which can drive a motorcycle. Yamaha's Head Hiroyuki Yanagi said in an interview with The Financial Times that his company is...
South Korean Chaebols Are Preparing for IPOs - 03/28/2016
In the wake of the South Korean stock market revive, some of the largest family-owned companies are preparing multibillion-dollar IPOs, which could make this year record in terms of raised funds . Family conglomerates, or chaebols, such as Samsung, Doosan, and Lotte, will hold IPOs to rationalize structures, simplify process of succession and alleviate the debt burden. The amount of funds raised...
Playboy Is Looking For a Buyer - 03/25/2016
The company Playboy Enterprises is looking for a buyer for the world famous men's magazine Playboy. Its cost could reach $ 500 million; most likely, the sale will be organized in auction format. It should be noted that Playboy is not a major source of profit for the company: a large part of the revenue comes from the licensing business. Scott Flanders, CEO of Playboy Enterprises, which produces...
Android Pay to Conquer Britain - 03/24/2016
According to the corporation Google, the UK stores will get another mean of payment in the next few months. This is Android Pay payment system, through which users can pay using Android OS smartphones. Android Pay was launched in September last year and is only working in the US now. With launching Android Pay in the British market, Google is going to compete with another payment system - Apple...
