Companies & CEOs

Bayer, a German chemical company, has reached a settlement with most plaintiffs in the US glyphosate pesticide lawsuit. The agreement extends to an estimated 50-85 thousand out of about 125…

TikTok and its Chinese clone earned $ 78 million with in-app purchases in April. This is the biggest result in the world; the figure exceeds YouTube, Netflix and Tinder.

Renault and Nissan, members of the Renault-Nissan alliance, are getting ready to announce spending cuts of more than $ 5 billion this week, the Wall Street Journal writes, citing sources…

The combined market capitalization of the five largest US technology corporations - Microsoft, Apple, Amazon, Alphabet and Facebook - rose to a record $ 5.6 trillion.

Qatar’s state-owned oil and gas company Qatar Petroleum (QP) intends to cut costs by about 30% amid falling oil and gas prices, said the company’s head Saad al-Kaabi.

Renault is considering closing three small plants in France to cut costs, Les Echos writes citing sources. This decision may be announced in the coming days.

Sales of a start-up that offers tooth alignment systems without having to visit an orthodontist have grown by 1,000% during the pandemic. Unlike its competitors, even before the lockdown the…

The American company Johnson & Johnson announced that it will stop the production of baby powder in the USA and Canada. In the past, the product brought up numerous lawsuits…

The largest Canadian airline Air Canada announced that it has decided to reduce the number of employees by up to 60% in order to save money and distribute the workload…

The sovereign fund of Saudi Arabia intends to borrow about $ 10 billion in order to take advantage of the crisis in the markets and buy cheaper shares of major…

Reuters, citing sources, reported that the FBI commenced an investigation against companies from Mexico and the EU allegedly involved in the Venezuelan oil trade as part of gathering information for…

Tesla will resume work at its electric car battery factory in Nevada after the state partially lifted the lockdown. The company previously resumed production in California, contrary to the position…

Taxi service Uber Technologies Inc., which also owns Uber Eats food delivery business, could buy Grubhub, the Wall Street Journal wrote, citing sources.

A class action lawsuit has been filed in the United States against Swedish furniture and home furniture manufacturer IKEA. According to USA Today, the lawsuit was filed with the federal…

Facebook and Google have announced that they will allow those employees who can work from home to remain in this mode if they wish until the end of 2020, BBC…

In the current price conditions on the market, French Total is going to cancel a number of summer deliveries of liquefied natural gas from the United States and will not…

American General Electric Co. (GE) will reduce approximately 13 thousand employees of the division engaged in the production of aircraft engines.

Employees of the American company Tesla, who were sent on unpaid leave due to the situation with the coronavirus, will stay home for at least one more week. Thus, normal…

Berkshire Hathaway lost nearly $ 50 billion in the first quarter due to the coronavirus and stock market crash. Unlike the past financial crisis, Warren Buffett is in no hurry…

Pemex, the Mexican oil and gas corporation, published the company's results for January-March 2020. The report shows that the net loss for this period amounted to $ 23.44 billion, of…

Google's parent company - Alphabet Inc. - increased its net profit and revenue due to the high demand for its services in a pandemic in the first quarter of 2020.…

Juul Labs plans to cut about a third of its staff for several reasons, including due to the fact that the manufacturer of electronic cigarettes is facing close attention from…

Japanese automaker Nissan Motor Co. may record a net loss for the past financial year for the first time in 11 years against the backdrop of the negative impact of…

Net profit of the South Korean automobile company Kia Motors in the first quarter of 2020 fell by 2.4 times - to 266 billion Korean won ($216 million), the company…

The American company NASDAQ, which manages a stock exchange of the same name, as well as several European stock exchanges, including Stockholm and Copenhagen, published its first quarter results on…

Beyond Meat, a manufacturer of meat substitutes, will begin selling its products at Starbucks coffee chain in China from Wednesday.

Coca-Cola reported that its revenue was $ 8.6 billion in the first quarter of this year, which is 1% less than a year earlier. The company's net profit amounted to…

Volkswagen Automobile Group has agreed on compensation in the total amount of €620 million to 200 thousand car owners affected by the diesel scandal as part of a pre-trial settlement…

The dispute between the watchmakers and the management of Baselworld Salon ended in the most incredible way. The main participants of the Basel watch fair - Rolex and Tudor, Patek…

Net profit of one of the largest financial corporations in the world Citigroup Inc. decreased by 1.87 times in the first quarter of 2020, up to $ 2.52 billion compared…

The largest manufacturer of sports shoes Pou Chen Corp may temporarily stop production in Vietnam in connection with the spread of coronavirus, according to Bloomberg.

On Wednesday, Airbus announced plans to cut back on jetliners worldwide after the coronavirus epidemic triggered the worst industrial crisis in aviation and sharply cut supplies. In its largest production…

The Saudi Arabia Sovereign Fund (Public Investment Fund, PIF) has begun to buy stakes in European oil and gas companies, taking advantage of the reduction in their quotes amid falling…

The committee of the board of directors of the American coworking service WeWork filed a lawsuit against the main shareholder - the Japanese holding SoftBank and the investment fund Vision…

The largest oil companies in the world have increased their debts by $ 32 billion in recent weeks, according to the Financial Times (FT). Among them are ExxonMobil, BP, Royal…

The American electric vehicle manufacturer Tesla reduced production and supply of cars in the first quarter of 2020 compared to the fourth quarter of 2019, the company said in a…

US telecom operator T-Mobile US Inc. closed a deal to buy its rival Sprint Corp. after a two-year battle with regulators.

Whiting Petroleum Corp, an American drilling company, said on Wednesday that it intends to file for bankruptcy protection under the bankruptcy law, writes Dow Jones.

Pemex, a Mexican oil corporation, announced continuation of an uninterrupted cycle of work and oil supplies, despite strict quarantine measures in the country in connection with the spread of coronavirus.

Swedish IKEA started producing masks and aprons needed by hospitals in the context of the coronavirus pandemic. Demand for the company's office furniture remains stable thanks to customers forced to…

The online reservation service Airbnb plans to allocate $ 250 million for payments to those homeowners who have lost their reservation due to the coronavirus pandemic, follows from a letter…

The resumption of production and the return of people to work in China in recent weeks has been quite active amid successes in combating the coronavirus epidemic. Business entities in…

Japanese electronics company Sony, due to the spread of a new type of coronavirus, is transferring 20,000 employees to remote jobs, Kyodo said.

S&P Global Ratings (S&P) international rating agency has lowered forecasts for the ratings of Equinor, Total, Eni and BP due to the situation in the energy industry and amid the…

Results of the first three quarters of the 2019-2020 financial year ending February 29 showed that the American manufacturer of sportswear Nike increased its net profit by 10% in annual…

The French pharmaceutical developer AB Science recently published results of a phase 3 study for the novel drug masitinib in the treatment of progressive forms of multiple sclerosis (MS). A…

The hotel chain Marriott International and others began to send tens of thousands of workers on forced leave to survive the crisis, writes The Wall Street Journal.

The outbreak of coronavirus COVID-19 could provoke a wave of bankruptcies among companies in the Asia-Pacific region (APR), which have increased their debt over the years of low interest rates,…

The Norwegian oil and gas group Equinor (formerly Statoil) has suspended the buyback program due to coronavirus, the company said in a press release.

ExxonMobil, a US oil company, is cutting production at its Baton Rouge refinery in the United States due to low demand, Reuters reported citing sources familiar with the plant.