Companies & CEOs
ByteDance refuses to sell TikTok to Microsoft - 09/14/2020
Chinese company ByteDance will not sell its TikTok social network to Microsoft. This was reported by the American corporation. Sources of Reuters and The Associated Press (AP) said ByteDance plans to sell the social network to Oracle Corp. Previously, Twitter was also named among potential buyers. “ByteDance informed us today that they will not sell the US segment of TikTok to Microsoft. We are...
Netflix creates unified television division, appoints new head - 09/10/2020
American video service Netflix Inc has appointed Bela Bajaria as the head of the new division of global television, writes Bloomberg. She will be responsible for all Netflix production in both English and other languages. Bajaria, who joined the company in 2016 and previously was in charge of international content, was promoted to replace Cindy Holland, who has been at Netflix for 18 years....
LVMH refuses to buy Tiffany - 09/10/2020
French luxury goods maker LVMH Moet Hennessy Louis Vuitton SE will not be able to complete the purchase of American Tiffany & Co in accordance with the agreement concluded in November 2019, the French company said in a press release. LVMH's board of directors considered an appeal from the French Foreign Ministry, which asked the company to postpone the completion of the purchase until 2021...
A strategy of growth through investment, Tereos' successful gamble - 09/09/2020
French agri-food cooperative Tereos, a domestic market leader and the world’s second in its field, has been described as struggling with debt and falling prices. However, the company performance has significantly improved recently, just when its competitors started to give up and close enterprises. When sugar prices picked up again, Tereos proved to be the only French company in the sector to be...
Donald Trump's wealth loses $ 600M over the year - 09/09/2020
Donald Trump lost $ 600 million in a year as his wealth fell by almost 20%, to $ 2.5 billion. Almost all of his assets fell by millions of dollars, most of all - a golf club in Miami and buildings in New York. The fortune of US President Donald Trump fell by $ 600 million in a year, according to the American Forbes. The newspaper published the annual ranking of the 400 richest Americans, in which...
GM invests $ 2B in electric car maker Nikola - 09/09/2020
The largest US auto concern General Motors has announced purchase of an 11% stake in Nikola, an electric vehicle manufacturer, for $ 2 billion. In addition to the stake in the company, GM has received the right to appoint one person to its board of directors. Nikola Motor company was founded in 2014, the name was given in honor of the name of the inventor Nikola Tesla. The company initially set...
VW: We are ready to overtake Tesla - 09/07/2020
Volkswagen AG cars manufacturer intends to produce up to 1.5 million electric vehicles by 2023, that is, the same as the American manufacturer Tesla. This was stated in an interview with the German Welt am Sonntag by the Chairman of the General Works Council Bernd Osterloh. “If Tesla builds three factories, which will produce from 300 thousand to 500 thousand cars, then, consequently, we are...
Honda and GM decide to create a strategic alliance in North America - 09/04/2020
Japan's Honda Motor and US General Motors on Thursday signed a letter of intent to create an alliance in North America, which could include cooperation on procurement and common transport platforms. Honda officials hope the alliance will generate significant cost savings in North America, The Wall Street Journal reported. In April, the companies announced that they had agreed to jointly develop...
Juul may leave European and Asian markets - 09/04/2020
E-cigarette maker Juul intends to continue to lay off staff and is considering withdrawing from the European and Asian markets, The Wall Street Journal reported. In total, the products of the American company may disappear from store shelves in 11 countries. Faced with criticism from the authorities and falling sales, the company announced in the spring that it was laying off about a third of...
Citigroup becomes first American bank to obtain depository license in China - 09/03/2020
American bank Citigroup received a license to operate as a depository bank in China. Now the bank can deal with the custody of his clients' securities and sell custody services to local investment funds. Citigroup became the first American bank to receive such a license in China, as well as the first among the five largest depository banks in the world. Recently, more and more American...
