Companies & CEOs
Google to invest $10B in India's IT sector - 07/14/2020
Google announced a $ 10 billion investment in India’s IT industry. This decision was published after negotiations between CEO of Google and its holding company Alphabet, Sundar Pichai, with Indian Prime Minister Narendra Modi. The investment will be directed to Google’s fund called the India Digitization Fund. Over the next five to seven years, these funds will be used to create partnerships with...
Nvidia becomes US largest chipmaker by capitalization overtaking Intel - 07/10/2020
Nvidia Corp for the first time became the largest US chip maker by market value, overtaking Intel Corp on Wednesday. Nvidia stock quotes rose by 3.5% per day - up to $ 408.64. As a result, the company's capitalization reached $ 251.31 billion. Intel papers rose 0.5% to $ 58.61. As a result, the market value of the chip maker rose to $ 248.16 billion, according to FactSet. Nvidia's stock price...
Mexican Pemex will develop Zama field with privately owned Talos Energy - 07/09/2020
The Mexican Ministry of Energy greenlighted creation of the first public-private partnership in the history of the country to develop an oil field, the right to which was initially claimed by a private consortium. "The Ministry of Energy instructed Pemex and Talos Energy Offshore to merge the border section at the Zama field. For the first time in the country's history, the state and private...
Microsoft sets to buy Warner Bros. Interactive for $4B - 07/09/2020
The American corporation Microsoft is interested in buying the gaming division of Warner Bros. for $ 4 billion, reports The Information, citing sources inside the company. The company intends to continue the policy of buying game developers to solve the problem with the lack of exclusive games for the new Xbox Series X. In June 2020, it became known that Warner intended to sell its Interactive...
Deutsche Bank fined $150M for connections with Epstein and money laundering banks - 07/08/2020
The New York State Department of Financial Services (DFS) announced an agreement with Deutsche Bank, under which the bank will pay a fine of $ 150 million. A fine is imposed for "significant violations" committed by the bank in servicing accounts of the infamous financier Jeffrey Epstein, as well as in the course of business cooperation with Danske Bank Estonia and FBME Bank. The New York...
Uber to buy Postmates food delivery service for $ 2.65B - 07/07/2020
Uber Technologies, a taxi and food delivery service, announced purchase of a $ 2.65 billion-worth Postmates food delivery service. It will issue 84 million new shares that will be exchanged for 100% of Postmates shares. Boards of directors of both companies approved the deal. The takeover of Postmates was supported by shareholders holding the majority of the shares of the service. The deal must...
Zynga completes purchase of Turkish Peak Games for $ 1.85B - 07/06/2020
American Zynga Inc., a developer of popular social networks games, said it had closed a deal to buy all outstanding shares of Turkish Peak Games. It estimated the deal at about $ 1.85 billion. The payment was made almost equally by cash and ordinary shares of the company. As a result of the transaction, Zynga received two franchises from Toak Blast and Toy Blast from Peak Games, which have...
US Dominion Energy sells assets for $10B to Buffett after refusing ACP gas pipeline - 07/06/2020
U.S. electricity supplier Dominion Energy announced on Sunday that it is selling its gas business to Warren Buffett’s Berkshire Hathaway. Dominion sells gas transportation and storage business to Buffett for $ 9.7 billion. The deal includes a 25 percent stake in the Maryland LNG terminal, although Dominion will keep a blocking packet in the terminal. Earlier on Sunday, Dominion and its partner...
Nearly 3M companies in Latin America will cease to exist due to COVID-19 - 07/03/2020
Nearly three million companies in Latin America and the Caribbean will cease to exist due to measures taken amid the COVID-19 coronavirus pandemic, according to a report by the United Nations Economic Commission for the Region (Cepal) on the effects of COVID-19. “The vast majority of companies in the region recorded a significant drop in their income and have difficulty maintaining their...
Wealth of the world's richest man hits a new record - 07/02/2020
The wealth of the richest man in the world - Head of Amazon Jeff Bezos - jumped to a new historical record of $ 171.6 billion, according to the Bloomberg Billionaires Index (BBI) rating. Thus, the previous record, achieved on September 4, 2018, was updated - then the wealth of Bezos totaled $ 167.7 billion. The agency notes that a new record was made possible thanks to a jump in the value of...
