British American Tobacco company announced signing an agreement to purchase the Polish manufacturer of electronic cigarettes Chic Group. In addition, the British company has agreed to alliance with RJ Reynolds American. Precisely, the participants will exchange technologies used for electronic cigarettes production. The second largest world producer of tobacco British American Tobacco (BAT)...

Shares of the world's leading automakers fell against expanding scandal on Volkswagen Group’s juggling with data on harmful emissions. In the United States, the Congress and the Department of Justice have already been involved in investigation of the German manufacturer’s actions. The authorities of Germany and South Korea plan to conduct its own investigation. Overnight, VW capitalization...

The Swiss insurance company Zurich Insurance Group announced the withdrawal of its bid for the British insurance company RSA Insurance Group for $ 8.8 billion. The reason for a change of plans was Zurich Insurance’s losses incurred in the third quarter, including due to a series of powerful explosions in Terminal container in Chinese port of Tianjin in August. This morning, one of the largest...

With more than 7,500 cases performed in 2014 and around 3,000 clients, the independent financial advisor has become the darling of BoDs, private equity and law firms. Now ranking 3rd in global fairness opinion providers and U.S. middle market M&A advisory, Duff & Phelps tops the charts for delivering tailored models as a relevant positioning in valuation and corporate advisory. We tried to understand how the firm has converted its specific corporate culture into a powerful selling point.

The company Anheuser-Busch InBev NV, which is a producer of beer brands such as Stella Artois and Corona, strives to create a giant beer company by acquiring its main competitor - SABMiller PLC. Yet, the deal is going to face the antitrust law. Regulators will demand significant concessions on the part of AB InBev, especially in the United States and China, to slow down the merger of the two...

Yesterday, Hewlett-Packard introduced the corporation’s financial projections for the year 2016 in view of its impending separation into two independent companies - HP Inc. and Hewlett-Packard Enterprises (HPE). According to the plans, HP’s personnel will be downsized by 25-30 thousand jobs until the end of October in order to reduce costs and improve the competitiveness of the company....

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...

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...

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...