The Italian government has decided to create a new national air carrier, which will be called Alitalia ITA. A special decree on the creation of the country's largest airline was signed by the Ministers of Finance, Transport, Economic Development and Labor of Italy. "A leading national airline is born, which must play an important role in the European and international market. This is a production...

IBM has announced an upcoming business reorganization. This will include reorienting the company to the cloud business and spinning off the Managed Infrastructure Services division into a separate public company. According to a press release, the new company, whose name has yet to be found, will become the global leader in the IaaS market. It already has more than 4.6 thousand clients from 115...

US oil and gas corporation Chevron plans to dismiss at least 15% of its employees amid the difficulties caused by the COVID-19 coronavirus pandemic. According to Reuters’ sources, the company's management intends to restructure the organization. Chevron employees around the world have received recent hiring notices to reapply. Within a few weeks, those of the current employees, in whose...

Attempts by the U.S. government to split Facebook Inc. from WhatsApp and Instagram will violate existing legislation, worth billions and harm users, states a paper by the company's lawyers composed to prepare for rising legal risks. The paper, read by WSJ, announces protection measures to which the company may resort. At that, the US watchdogs and Congress members keep examining former activities...

The second largest cinema chain in the world is on the verge of collapse and intends to shut down of its theaters in the UK, Ireland and the United States next week. This is reported by The Sunday Times with reference to its own sources in the company. The reason for this decision is the delay of the premiere of the films "No Time to Die" and "F9" by the Universal studio until 2021. Movie theater...

US Playboy Enterprises Inc, the publisher of the magazine of the same name, will cease to be a private company and will again bring its shares to the open market. Playboy will go public after the merger with Mountain Crest Acquisition Corp. as part of the deal, according to which it was estimated at $ 415 million, reports The Wall Street Journal. Mountain Crest is a special purpose acquisition...

Westminster Magistrates' Court ruled on the possibility of returning the online taxi service Uber a license to operate in London. The court concluded that the service is now working properly in order to be licensed, despite shortcomings in the past. In November last year, the London Transport watchdog (TfL) refused to renew Uber’s license in London due to “a number of omissions that threaten...

Two US shale oil producers - Devon Energy and WPX Energy - have announced a merger. Devon will pay $ 2.5 billion for WPX, and the combined company's total value, according to the announcement, will be about $ 12 billion, although the market value of both companies is about $ 6 billion. In any case, this is one of the largest mergers in the American shale industry. The entire amount will be paid...

American Harley-Davidson has announced its exit from the Indian market, the world's largest motorcycle market. This is stated in the materials that the company sent to the US Securities and Exchange Commission (SEC). The company is discontinuing sales and manufacturing operations as part of additional restructuring measures that were reported to employees on September 24. As a result, about 70...