Companies & CEOs

Boeing has agreed to pay $2.5bn in the two 737 MAX plane crashes that killed 346 people, Reuters reports. In doing so, the aircraft maker will settle charges of conspiracy…

Indian Transport Minister Nitin Gadkari told The Indian Express that Tesla will "begin operations" in India in early 2021.

The US company Apple has reduced the fee it charges for payments in the App Store for small developers from 30% to 15%. It was reported by MacRumors.

Heads of pharmaceutical companies BioNTech and Moderna have been included in Forbes' list of 50 new billionaires. They made their fortunes in healthcare amid the coronavirus pandemic, according to the…

The world's largest brewery, Anheuser-Busch InBev, has agreed to sell a 49.9% stake in its U.S. metal beer container plants for about $ 3 billion.

Toyota Motor has had to close three of its plants in the UK and France due to a new strain of the coronavirus detected in Britain and the resulting border…

Employees of Amazon, the company by the world's richest man Jeff Bezos, started a strike in Germany over dissatisfaction with working conditions. This was reported by the Verdi union.

Lockheed Martin (LM) has agreed to buy rocket engine manufacturer Aerojet Rocketdyne Holdings, the US military-industrial company, the firm said in a statement.

Chinese billionaire Jack Ma is ready to share part of his business with the government if "the country needs it". Possible buyers could be state banks or other public sector…

Cryptocurrency exchange Coinbase announced that it has confidentially filed an S-1 form with the US Securities and Exchange Commission (SEC), necessary to go public. The company did not provide details…

Slack will allocate $50 million to launch a new venture capital fund to finance development outside of its own platform, the Slack enterprise messenger. It was announced by Axios, citing…

SpaceX, owned by Elon Musk, is set to raise money just four months after its last round. The company hopes to be valued at twice as much as last time.

US computer games developer Electronic Arts (EA) has put forward its offer to buy UK games developer and publisher Codemasters.

British McLaren will sell up to 33% of its Formula 1 team to US investors. The deal will amount to almost a quarter of a billion dollars. The company needs…

It has been a difficult week for the founders of major IT companies. The threat of proceedings with the US authorities caused their shares to slide after weeks of gains,…

For years, the world's largest oil trading company, Vitol Inc., has been claiming to be "completely intolerant" of corruption, while at the same time bribing through shell companies, writes Bloomberg.

DoorDash, the largest food delivery service in the United States, made a successful debut on the stock exchange. At the start of trading, the company’s papers jumped by almost 80%.

The capitalization of the American manufacturer of electric cars Tesla has increased by $100 billion in a fortnight and exceeded $600 billion in anticipation of the inclusion of the issuer…

Italian luxury clothing manufacturer Moncler buys its competitor Stone Island. The deal will total €1.15 billion, Moncler announced.

The payment operator MasterCard is reassessing its relationship with MindGeek, which owns the PornHub adult website. MasterCard informed Bloomberg of its decision after "The Children of PornHub" publication by the…

ExxonMobil has published its strategic development plan for the coming years. It envisages further cost reduction while gradually increasing investments in new promising projects.

The Italian Competition Authority (AGCM) has fined Apple €10 million for "aggressive and misleading" commercial practices when selling various iPhone models, the watchdog said.

The largest providers of business intelligence - S&P Global, an American media holding company, and IHS Markit, an UK agency - may merge in a $44 billion deal.

HSBC managers are considering discontinuing retail services in the US, the Financial Times reports citing sources at the bank. This decision may be made due to the bank's weak financial…

Walt Disney intends to downsize 32,000 employees during the first half of 2021.

The largest American publishing house Penguin Random House is buying its competitor Simon & Schuster from ViacomCBS media corporation for $2.2 billion.

If negotiations between Salesforce and Slack Technologies are successful, the purchase of a corporate messenger worth approximately $17 billion will become the largest acquisition in the history of the cloud…

Chinese technology corporation Xiaomi presented its third quarter financial statements. The company's revenue grew by 34.5% to 72.2 billion yuan ($11 billion).

German oil and gas company Wintershall Dea recorded a net loss of €748 million in January-September 2020, the company said.

The U.S. aviation watchdog approved the operation of the Boeing 737 MAX, which was banned for 20 months - the longest period in the country's history. The aircraft will be…

One of the largest and oldest retailers of the Russian segment of the Internet, Ozon, is going to raise up to $1 billion in an IPO at the US NASDAQ…

Walmart, which operates the largest US retail chain, has announced the sale of a majority stake in Japan's Seiyu supermarket chain.

The world’s richest man, founder of the online retialer Amazon, Jeff Bezos, has donated $791 million to 16 environmental organisations.

The Securities and Exchange Commission (SEC) has accused John Stumpf, former Chairman and CEO of Wells Fargo, one of the largest banks in the United States, and Carrie Tolstedt, former…

During the same time, passenger traffic decreased by 95 percent, to 1.5 million people. This was stated in a report circulated by the Dubai-based airline on Thursday.

Pfizer's CEO Albert Bourla sold the company's shares for $5.6 million on the day the company, together with BioNTech, declared the vaccine to be 90% effective against coronavirus. Following the…

The producer of artificial meat products Beyond Meat presented its financial report for the third quarter of the year.

On Monday, McDonald`s presented its reporting for the third quarter. The corporation's revenues decreased by 2% compared to the same period in 2019, to $5.4 billion.

Warren Buffett’s Berkshire Hathaway bought back its shares in the third quarter for a record $9 billion. This move was due to the negative impact of the coronavirus on companies…

General Motors (GM) increased its net profit in the third quarter by 74% (to $4 billion) compared to the previous year, according to the company's financial report.

This week, Jeff Bezos received over $ 3.1B after selling shares of his corporation. This was announced on Wednesday by CNBC TV channel referring to notices sent to the US…

AMC Entertainment Holdings, which owns the world's largest movie theater chain, has released its financial statements for the third quarter of 2020. The company finished it with a net loss…

The Chinese authorities have suspended the IPO of Ant Group, which could be the largest in the world. On the eve, regulators summoned billionaire Jack Ma and, as described by…

American market research and media measurement company Nielsen Holdings has signed an agreement with private investment company Advent International to sell its Global Connect division for $2.7 billion.

Leading smartphone camera sensor manufacturers Sony and OmniVision have been licensed by the US government to supply these components to the Chinese company Huawei. This was reported by the Nikkei…

The volume of sales of the South Korean company Samsung Electronics in Q3 2020 rose by 8% yoy to a record 67 trln won (USD 59 bln) for the entire…

Boeing posted a net loss of USD 466 mln for Q3 2020, while a year earlier, the company received a profit of USD 1.3 bln.

AMD, the manufacturer of chips, signed the largest deal on acquisition in the company’s history – it is going to buy Xilinx for USD 35 bln. The giant, which will…

Inheritors of Lee Kun-hee, the head of Samsung who died last week, will be subject to record high taxes on inheritance.

Adidas is considering selling the Reebok brand due to its unsatisfactory financial results. This is reported by Bloomberg with reference to a source in the company.