The French cosmetics company L'Oreal has adopted a decision to replace the CEO, giving the position to Nicolas Hieronimus. This is stated in the press release of the company, published on its website. As it is noted, Hieronimus will take office on May 1, 2021 on the basis of the decision of the Board of Directors of the company. At this position he will replace the current head of L'Oreal...

Leading US banks JP Morgan and Citigroup reported their third quarter results. They were among the first large American companies to report for this period. The results of both banks were better than analysts' forecasts: JP Morgan reported that its net income rose 4% compared to the third quarter of last year to $ 9.4 billion, or $ 2.92 per share, while analysts at FactSet expected $ 2.23 profit...

The Walt Disney Company has announced an internal reorganization that will prioritize the production of films, series and shows for streaming services. Disney creative teams will be split into three divisions. Each of them will be responsible for releasing a contact for different distribution channels, but streaming will be the main one. Disney Studios will bring together theatrical and...

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...