Companies & CEOs

On Wednesday 21 October, Swiss corporation Nestle presented its financial statements for the first nine months of 2020.

There are only three newcomers to Interbrand's top 100 most expensive brands this year, and all three are online platforms that helped people cope with the consequences of quarantine restrictions.…

The Chinese service of selling used cars Renrenche, which was valued at $1.4 billion two years ago, may now be sold for only $1290. The startup, whose investors include Goldman…

The US investment bank Goldman Sachs will pay the US authorities a fine of $2,8 billion. In exchange for an end to further investigations for corruption in Malaysia's 1MDB public…

US oil company ConocoPhillips announced acquisition of Concho Resources, a shale oil producer. The sum of the deal will amount to $ 9.7 bln, which will be paid in shares.

The China Securities Regulatory Commission has approved plans for a dual listing of the financial and technology company Ant Group.

Morgan Stanley achieved a 25% increase in net profit in the third quarter, according to the bank's financial report.

The French cosmetics company L'Oreal has adopted a decision to replace the CEO, giving the position to Nicolas Hieronimus.

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 Walt Disney Company has announced an internal reorganization that will prioritize the production of films, series and shows for streaming services.

The Italian government has decided to create a new national air carrier, which will be called Alitalia ITA.

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.

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.

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…

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…

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.

Westminster Magistrates' Court ruled on the possibility of returning the online taxi service Uber a license to operate in London.

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,…

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…

More than a dozen tech companies, including Epic Games, Spotify, Match Group (which owns Tinder and other dating services), and Blockchain.com, have founded the Coalition for App Fairness. Its main…

American corporation Mars announced a change in the name of its brand Uncle Ben's. Now it will be called Ben's Original, and the image of "Uncle Ben", which was part…

Former McDonald's CEO Steve Easterbrook believes that the company has no right to seek the return of severance pay, since he has complied with all the terms of the agreement…

Illumina, a US biotechnology company, buys Grail, a cancer early detection system. The deal is worth $ 8 billion, with $ 3.5 billion to Grail shareholders to receive in cash,…

Music streaming service Spotify has accused American company Apple, which unveiled Apple One subscriptions the day before, of unfair competition, Reuters reported, citing a statement from Spotify.

Eastman Kodak shares rose 36% after the start of trading on Wednesday - the reason for the increase was the publication of a report by a special committee that examined…

Californian pharmaceutical company Gilead Sciences confirmed its plans to buy anti-cancer drug maker Immunomedics (New Jersey) by officially announcing the agreement.

Chinese company ByteDance will not sell its TikTok social network to Microsoft. This was reported by the American corporation.

American video service Netflix Inc has appointed Bela Bajaria as the head of the new division of global television, writes Bloomberg.

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…

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…

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,…

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…

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.

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…

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.

American bank Citigroup received a license to operate as a depository bank in China.

More than 50 Black former franchisees of the fast food chain McDonald's have accused the company of racial discrimination and are demanding compensation in court for a total of about…

On August 31, US billionaire Warren Buffett's Berkshire Hathaway investment fund announced the purchase of five percent stakes in five of Japan's largest trading companies: Itochu, Marubeni, Mitsubishi, Mitsui and…

Beverage maker Coca-Cola has announced a reorganization of operations that will cut about 4,000 jobs. The cuts will primarily affect the United States, Canada and Puerto Rico.

Walmart, the largest supermarket chain in the United States, has filed a joint bid with Microsoft to purchase the Chinese app TikTok. The retailer's decision was confirmed by a Walmart…

Germany's Lufthansa Group announced that its member airlines Lufthansa, Swiss, Austrian Airlines and Brussels Airlines have canceled rebooking fees by the end of the year. In the spring, these airlines…

The Irish low-cost airline Ryanair announced a 20% decrease in passenger traffic in September and October compared to previously planned. This is due to an increase in the number of…

Facebook said Apple is hurting small businesses by charging a 30% commission on in-app purchases. The criticism from Zuckerberg's company came after Apple removed the Fortnite game from the app…

The German auto concern Daimler will spend about $ 1.5 billion to settle the "diesel scandal" with the US authorities, and another $ 700 million - to settle a class…

Net profit of the Carlsberg group of companies, one of the world's leading beer producers, attributable to shareholders in the first half of 2020 fell by 7.3% in annual terms…

Interpol has put the former operating director of the German company Wirecard Jan Marsalek on the international wanted list. His photograph was published on the organization's website. The media reported…

The most expensive fintech startup in the UK, Revolut, spent three times more money in 2019 than a year earlier. This is partly due to the active expansion of the…

China (along with Hong Kong) became the leader in the number of companies included in the latest edition of the Fortune Global 500 ranking, surpassing the United States. Although American…

In the first half of the year, the world's largest oil company, Saudi Aramco, cut net profit by 51% to $ 23.2 billion due to low oil prices and demand,…

The UAE's national carrier, Etihad Airways, which flies from the capital emirate of Abu Dhabi, lost more than half a billion dollars in the second quarter of 2020 due to…