Companies & CEOs

Capitalization of Alphabet, which owns Google, reached $ 1 trillion for the first time in its history. Prior to this, only three IT companies managed to achieve this market value:…

The American corporation Apple bought Xnor technology company for almost $ 200 million, the Financial Times (FT) newspaper reported, citing sources. Xnor is a startup specializing in launching artificial intelligence…

Toyota announced recall of approximately 696 thousand Toyota and Lexus cars in the United States due to possible malfunctions in the operation of the fuel pump, Fox News reports.

Value of stocks of electric car manufacturer Tesla exceeded $ 500 apiece during Monday trading on the NASDAQ, Forbes reports citing the exchange data.

Saudi state-owned company Saudi Aramco announced that it has fully implemented the option for an additional floatation of 450 million shares provided by the IPO’s conditions. The kingdom government will…

According to CNBC estimates, which used government data published by the Chinese Academy of Information and Communication Technology, sales of Apple products in China last December grew by more than…

Former Head of Nissan Motor Co. Carlos Ghosn said he had fled Japan to save himself from "political persecution," accusing Japanese prosecutors and top executives of Nissan of conspiring against…

In the fourth quarter, American Tesla Inc increased deliveries to dealers to 112 thousand electric vehicles compared with 97 thousand in the previous three months and 104.891 thousand for the…

Japan Display Inc is discussing sale of its main smartphones display factory to Apple Inc and Sharp Corp for 70-80 billion yen ($ 730-820 million), according to Nikkei Asian Review.Japan…

American oil producers faced a problem in the main American oil and gas field, the Permian basin. Local oil production is falling down, and the amount of associated gas is…

Adam Neumann, the founder of WeWork’s coworking network, left the company in the fall, receiving a “severance pay” of almost $ 1.7 billion. This amount could be even bigger if…

US authorities have launched an investigation into BMW due to company reporting. The financial market regulator found the sales information suspicious as BMW is overtaking its main competitor, Mercedes-Benz.

The Saudi Arabian Port Authority has transferred 30 years of concession rights to manage and develop the South Container Terminal in the Islamic Port of Jeddah to one of the…

The US Securities and Exchange Commission is investigating Slack’s listing, writes The Wall Street Journal. The regulator was also interested in information about initial public offerings of other companies.

The Church of England decided to find out if its investment fund can hold shares in major technology companies. The doubts are caused by fears that artificial intelligence undermines "the…

The financial holding company is ready to pay about $ 2 billion in fines to resolve the proceedings.

Andrew Bailey, Head of the UK Financial Conduct Authority, has been elected the new Head of the Bank of England, the Financial Times (FT) reports citing sources. 60-year-old Andrew Bailey…

American-Italian automobile concern Fiat Chrysler and French carmaker giant Groupe PSA (Peugeot Societe Anonyme) have signed a merger agreement. This was announced on Wednesday by the press service of the…

Former Uber CEO Travis Kalanick continues to reduce his stake in the company he founded. Starting in November, he has been selling stakes every day except weekends. In total, the…

The international rating agency S&P Global Ratings confirmed the issuer rating of the Chinese Internet company Alibaba Group at "A +", the rating outlook is stable, the agency said in…

Wall Street analysts are skeptical of Netflix's immediate prospects. The company has long been a market leader, but new competitors, namely, Disney + and Apple TV +, are gaining an…

Technology giants Facebook and Google are no longer among the top ten US employers according to Glassdoor. Recently, there have been conflicts between employees and management in both companies.

The Canadian division of the American oil and gas company Chevron plans to withdraw from Kitimat LNG project in British Columbia, where the company owns 50%, the firm said.

The US Securities and Exchange Commission (SEC) accused Swedish Ericsson of participating in a fraudulent scheme that involved the use of fictitious consultants to secretly transfer money to government officials…

Attempts to introduce change in organizations most often fail.

The UK Serious Fraud Office, SFO has announced that it has launched an investigation into one of the world's largest commodity traders.

The American airline United Airlines announced that it decided to replace its existing Boeing 757-200s fleet with the Airbus A321XLR.

Google founders Larry Page and Sergey Brin resigned from their parent company Alphabet, reports AP citing a statement from the company. Google CEO Sundar Pichai will remain at his post…

Intel announced completion of sale of most of its smartphone modem business to Apple. This deal, worth $ 1 billion, was announced in July 2019, following a statement by Qualcomm…

Unlike many other technologies, the drone market is deploying faster than previously expected, and it is about the commercial use of devices. They are used in various fields and even…

The South Korean electronic giant agreed to release processors commissioned by Intel.

Italian fashion house Roberto Cavalli has changed its owner. The company was bought by the Vision Investment company of the Dubai billionaire Hussain Sajwani.

The world's largest producer of agricultural machinery warned of a risk of lower profits in 2020, noting the negative sentiment among American farmers due to the trade war with China.

Citigroup Inc. was fined £ 44 million ($ 57 million) by the Bank of England. This is a record amount for the British Central Bank. The bank is charged with…

China Shipbuilding Group was established after Beijing approved the merger of the two largest shipbuilding corporations in the country - China Shipbuilding Industry Corp. (CSIC) and China State Shipbuilding Corp.…

The American oil and gas corporation is going to sell assets in 11 countries for a total of $ 25 billion.

Payment company PayPal buys Honey online discount service. Last year, Forbes included this startup in the ranking of future unicorns. PayPal will pay for it $ 4 billion, and this…

Luxury holding LVMH Moet Hennessy - Louis Vuitton offered to acquire the American jewelry company Tiffany & Co for $ 16 billion instead of the $ 14.5 billion previously proposed,…

T-Mobile provider that announced that John Legere, the company’s CEO, will resign in April 2020 after expiration of the contract.

Kylie Jenner, the youngest self-made billionaire on Forbes list, will sell a controlling stake in her cosmetics company Kylie Cosmetics for $ 600 million. The buyer is Coty Corporation, which…

Board of directors of the computer and printer manufacturer HP has rejected the purchase offer of its competitor Xerox. HP's press release reads that the deal was estimated at about…

Alibaba Group Holding has applied for listing on the Hong Kong Stock Exchange. The company’s statement sent to the US Securities and Exchange Commission (SEC) said the New York Stock…

Three years ago, Facebook was negotiating purchase of the Musical.ly video service, but declined the deal, Bloomberg writes. As a result, the new owner of the application turned it into…

Telegram Group Inc. demanded that the court consider the lawsuit filed against the company by the US Securities and Exchange Commission over the launch of the Telegram Open Network (TON)…

Tesla, an American electric car manufacturer, will build its first European plant and design center in Berlin, said the company's head Elon Musk.

Chesapeake Energy quotes for one day lost almost a third against the background of publication of another weak reporting.

Despite the quarterly profit unexpectedly higher than forecasts, the IT giant from the US has not been very optimistic lately. The bad news came from over the Pacific: the 5G…

The net worth of SoftBank’s head Masayoshi Son has decreased by more than $ 5 billion since mid-summer. This is another sign that the Japanese billionaire’s business has not been…

Manufacturer of copiers, scanners, printers Xerox may acquire its competitor HP. According to The Wall Street Journal, citing its own sources, the company's board of directors discussed the possibility of…

Saudi Arabia has officially announced plans to conduct an IPO of its state-owned oil and gas company Saudi Aramco.