Last Sunday, IBM announced its decision to purchase Red Hat, a major distributor of open source software. The amount of the transaction will reach $ 34 billion and implies a substantial premium to the exchange value of the acquired company. According to a joint statement by the two companies, IBM will buy all Red Hat shares at a price of $ 190 per unit, which is 63% more than the price at which...

HSBC shares jumped during trading in Hong Kong, after the bank reported that its pre-tax profit in the third quarter rose by 28% compared to the same period last year and amounted to $ 5.922 billion. Profit exceeded the average forecast of analysts, which amounted to $ 5.6 billion. The growth of the indicator in percentage terms was maximum for four quarters, Reuters writes. HSBC revenue in...

Salesforce.com, a giant in digital technologies and cloud computing, is among the top ten companies worth buying during a market correction, according to Jim Cramer, a well-known expert and Mad Money host at CNBC. The software developed by Salesforce, "is no longer a luxury, but rather a necessity," he said. “It is important to understand that in the conditions of modern reality, a company...

Italy's anti-monopoly authorities imposed a fine on the world's largest manufacturers of smartphones, Apple and Samsung, for issuing special software to slow down old smartphones. Thus, companies wanted to encourage buyers to acquire new models. Following the audit, Apple will have to pay € 10 million, and Samsung - € 5 million. The Italian Competition Authority (AGCM) stated that Apple and...

There is a real boom in the exchange-traded funds (ETFs) market in the world. Their number exceeded 3,500, having increased sevenfold over the past 10 years, and the value of their net assets reached $ 4.7 trillion. What’s so interesting in there? In recent years, there has been a real ETF boom in the world. The number of exchange-traded funds exceeded 3,500, having increased sevenfold over the...

Uber Technologies Inc. and Lyft Inc. are actively preparing to enter the stock exchange next year. The rival companies will compete to get money from the same investors, Bloomberg writes. Leading Wall Street banks are fighting over placing Uber’s share. So far, the favorites are Morgan Stanley and Goldman Sachs. At the moment, the financial conglomerates estimate Uber at $ 120 billion.  In...

German Chancellor Angela Merkel offered government support for commercial efforts to create American gas in Germany. This was Merkel’s main concession to US President Donald Trump, who is trying to weaken Russia's position on Europe’s largest energy market, writes The Wall Street Journal. This month, Merkel told during a meeting with MPs that the government decided to partially support financing...

German Volkswagen announced start of its second large-scale recycling program for old diesel cars. When buying cars of Volkswagen, Audi, Seat or Skoda brands, owners of old diesel cars of any brands are offered two discount options, one of which is completely new, reports Deutsche Welle. According to the company, the first stage of the program, which lasted from August 2017 until June 2018,...

In 2017, French security printer Oberthur Fiduciaire announced the purchase of VHP, a banknote paper production plant that previously belonged to Sequana. Already then analytics said that the deal was deemed to become a win-win partnership. A year after, their forecasts are coming true. Both companies are not newcomers to the market. Oberthur Fiduciaire is more than one and a half centuries old,...