Companies & CEOs

Boeing may reduce dividends and begin to lay off employees of its enterprises, writes Dow Jones, citing informed sources.

One of the world's largest energy companies, the Italian Eni SpA withdrew the offer to buy back shares worth €400 million because of the COVID-19 pandemic and the collapse of…

The New York Stock Exchange (NYSE) is closing the trading room to switch to electronic trading completely from Monday, March 23, after tests on the employee and trader COVID-19 coronavirus…

Net profit of the Spanish Inditex Group, one of the largest clothing and footwear retailers in the world (Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho brands), grew by…

Boeing advocates for the US government to provide at least $ 60 billion to support the aerospace industry, a statement the organization’s website reads. In particular, the support should be…

The after tax profit of the largest European automobile concern Volkswagen Group increased by 15.4% in 2019 compared to the previous year - up to €14.03 billion, according to the…

Factories producing perfumes and cosmetics for the luxury holding LVMH will supply hand antiseptics due to the coronavirus. LVMH promises to produce 12 tons of antiseptics in the first week…

Elon Musk, who called the panic because of the coronavirusstupid, lost $5.5 billion due to market instability, Forbes magazine reported.

Net profit of Saudi Saudi Aramco in 2019 fell by 20.6% to $ 88.2 billion due to lower oil prices and weaker production, the largest oil company in the world…

The net profit attributable to the shareholders of one of the world's largest manufacturers of sportswear and accessories, the German Adidas AG, grew by 16.1% in 2019 compared to the…

Costco Wholesale Corp., an American club warehouse operator, reported a 12.1% increase in comparable sales in February and a shortage of certain products. The company associated this with the decision…

Uber will pay compensation to those taxi drivers and couriers who have been infected with the new coronavirus, CNN reported citing the company’s senior vice president Andrew MacDonald.

Japanese automaker Toyota has expanded recall of cars due to problems with the fuel pump to 1.8 million cars of Toyota and Lexus brands, the company said in its release.

Founded 11 years ago as one of Google’s small projects, Waymo is increasingly separating from its parent company. The developer of technologies for unmanned vehicles announced that it had invested…

Global stock markets have lost $ 6 trillion over the past six trading days, CNBC reports citing S&P Dow Jones Indices.

Dubai-based Emirates Group, managing one of the world's largest airlines, asked employees to go on vacation amid falling demand for flights. Due to the outbreak of coronavirus, the company suspended…

The Norwegian State Pension Fund (also known as the Oil Fund), the largest national wealth fund in the world, earned a record amount in 2019 thanks to a rally in…

Net profit of the German chemical-pharmaceutical concern Bayer AG over the past year jumped 2.4 times compared to 2018, and reached €4.091 billion, the company said.

American Corporation Mondelez International Inc. is buying baking maker Give & Go, the company said in a press release.

International investors are alarmed by the high pace of the spread of coronavirus outside of China. Therefore, they are fleeing to the protective asset, gold. The assets of exchange-traded funds…

Net profit of Berkshire Hathaway, an investment firm owned by US billionaire Warren Buffet, jumped 20 times in 2019 to $ 81.4 billion from 4.021 billion in the previous year,…

Shares of the American coupons discount service Groupon Inc collapsed by more than 44%, to a record low of $ 1.70 during trading in the US on Wednesday. Thus, the…

Coinbase, US cryptocurrency exchange, was granted the status of a full member of the system of Visa. For now, it is the only cryptocurrency company with this certification.

On Tuesday, the Brazilian Ninth Circuit Regional Labor Court suspended dismissals at a subsidiary of the Petrobras oil corporation, which triggered a three-week strike by the oil workers union.

One of the world's largest port operators - the emirate DP World - will delist its shares from Nasdaq Dubai, the company said.

The world's largest online auction site, eBay, has completed the sale of its StubHub service to the Swiss viagogo ticketing platform for $ 4.05 billion, according to the company’s message.

Following the third fiscal quarter’s results, the net profit of Japanese SoftBank fell by 13 times. It was almost completely destroyed by the losses of the company’s investment fund, which…

Italy's second largest air carrier, Air Italy, announced start of liquidation; its flights will end on February 25.

The English Premier League (EPL) is considering introducing a new scheme for selling media rights. The idea is to phase out contracts with television companies and switch to signal distribution…

Swedish Volvo Cars AB and its parent organization, the Chinese Geely Automobile Holdings, have begun to explore the possibility of combining businesses and creating a global group that will accelerate…

China warned France against excluding Huawei Technologies Co. from 5G networks amid the US campaign against the Chinese technology giant, Bloomberg reports.

Uber founder and former CEO Travis Kalanick invested in a Habitas startup that raised $ 20 million to build hotels using 3D printing technology. The company creates hotels for millennials.

The board of directors of the French company Engie (formerly GdF Suez) decided not to renew the powers of the executive director Isabelle Kocher, expiring in May 2020. According to…

The Walt Disney Company expects a loss of $ 175 million if its theme parks in Hong Kong and Shanghai stay closed for another two months, CNBC reported. The parks…

Investment Bank Citigroup has suspended one of its most successful traders from work. A high-ranking official who allegedly received a seven-digit golden parachute was accused of stealing food from a…

The French company Worldline will buy its competitor Ingenico to create the largest payment operator in Europe (the fourth largest in the world). As part of the transaction, Ingenico was…

According to FT, the Japanese automaker has prepared a plan to concentrate on the British market, in case Brussels and London do not agree on duties.

Cigarette maker Marlboro has written off more than $ 4 billion of its investment in Juul e-cigarette company. The value of Juul, which was one of the most expensive startups…

The net profit of the Anglo-Dutch Royal Dutch Shell attributable to the shareholders of the company in 2019 decreased by 32.1% in annual terms and amounted to $15.843 billion, follows…

Facebook agreed to pay $ 550 million to settle claims by Illinois residents who accused the company of illegally collecting biometric data from social network users, The New York Times…

The net profit of the pharmaceutical company Novartis in 2019 amounted to $ 11.737 billion, showing a decrease of 7% compared with the previous year, the company said.

Luca de Meo has been appointed as Renault's chief executive officer, the company said. Previously, Mr. de Meo headed the Volkswagen Group Seat.

The American aircraft manufacturer aims to buy 80% of the commercial aviation division of the Brazilian giant.

Indian authorities approved sale of 100% of the shares of the national air carrier Air India, whose total debt obligations are estimated at $ 8.45 billion.

German prosecutors are investigating two former Deutsche Bank employees, according to the Financial Times. The reason was an internal investigation of the bank, which showed that in 2011 and 2012…

The net profit of the American company Intel, one of the world's largest manufacturers of computer components, at the end of 2019 remained approximately at the level of last year…

Two weeks of work at the South Korean plant in Busan were partially suspended, which cost the conglomerate more than $ 170 million.

Bernard Arnault, owner of Louis Vuitton and Dior, has been holding the first place on the list of the richest people in the world for only three days. On Tuesday,…

Consulting and auditing company PwC has published the results of its annual survey of CEOs around the world. Last year 29% of the top managers polled expected a slowdown in…

The number of passengers passing through Asia's largest air harbor turned to be the smallest in 10 years.