Companies & CEOs

The oil company wants to invalidate the $ 2 million fine from the US Treasury.

Former Head of Nissan Motor, Carlos Ghosn, built a parallel business with his son as an investor in Silicon Valley, using the millions of dollars he received from the top…

Amid a slowdown in online business growth, the American retailer is considering the prospects of retail stores.

Net profit attributable to shareholders of the world port operator DP World (owned by the government of the emirate of Dubai) grew by 26.8% in annual terms to $ 753…

IPO Saudi Aramco is one step closer to reality. A few days ago, the state-owned oil company of Saudi Arabia called on a number of banks to take part in…

Profit of the Chinese electronics manufacturer Xiaomi Corp did not satisfy expectations in the second quarter of 2019 amid weak demand for smartphones in the face of a slowdown in…

The largest customer of the Bolivarian Republic fears US sanctions.

The current indicator grew by 5% from April 2018 to March.

WeWork coworking spaces chain, the most expensive US startup, revealed its financial performance in the run-up to the IPO. The company's revenue for the year doubled, and the loss grew…

The Chinese concern Huawei is cooperating with the governments of Uganda and Zambia to help them persecute their political opponents, writes The Wall Street Journal.

US media companies CBS Corp and Viacom Inc have agreed to merge in the form of exchange of stocks. The deal will create a company with annual revenues of more…

Givenchy French fashion house and American accessories manufacturer Coach, following Versace, apologized to China for t-shirts to designate Hong Kong and Taiwan as territories independent of China, CNBC reports.

Saudi State Oil Company Saudi Arabian Oil Co. (Saudi Aramco) for the first time presented a semi-annual report, and reported a decrease in net profit in the first half of…

Austrian AMS AG made a new offer to purchase the German Osram Licht AG, valuing the lighting equipment manufacturer at € 3.7 billion. The news was announced a few days…

Uber taxi service suffered record losses in the second quarter of fiscal 2019, as follows from the company's statements. They amounted to $ 5.2 billion against $ 878 million in…

Stock price of major video game companies fell after U.S. President Donald Trump accused them of promoting violence on Monday, according to the New York Stock Exchange.

The international rating agency Fitch downgraded the long-term issuer default rating (IDR) of the pharmaceutical company Pfizer to “A” from “A +” with a “negative” outlook, the agency said.

Group CEO John Flint resigned and left the company’s board of directors, the organization’s press service said. He has been holding the post of CEO since October 2017 and has…

Jeff Bezos, owner of the online retailer Amazon.com Inc., has sold about $ 1.84 billion in shares of his company, the company said in a notice to the US Securities…

Nintendo’s profit for the first quarter of the fiscal year was less than the worst forecasts of analysts, as consumers did not show much interest in the new games.

Samsung Electronics recorded a more than double drop in profits in April-June compared with the same period last year. Shares of the South Korean company fell amid weak reporting, according…

Japanese holding SoftBank, founded by billionaire Masayoshi Son, announced creation of a new investment fund Vision Fund 2. The Japanese company expects to attract a record $ 108 billion, and…

Crashes of the Boeing 737 MAX in Ethiopia and Indonesia were caused by errors in the operation of the MCAS system, which was not subjected to independent tests, writes The…

The court decided to liquidate the bankrupt French fashion house Sonia Rykiel. At the peak of success, the company owned 400 boutiques, and its founder was called "the queen of…

The American manufacturer of electric cars and solar panels Tesla Inc reduced the size of the loss in the second quarter of 2019, but the figure did not meet analysts'…

Chinese investors clearly like the German Daimler. On July 23, the Beijing Group BAIC (Beijing Automotive Industry Holding) announced purchase of a 5 percent stake in the German automaker. Less…

Japanese carmaker Nissan Motor Co Ltd plans to lay off more than 10 thousand employees to improve the company's situation, Reuters reports, citing a source. This will be announced along…

French eyewear firm Optic 2000 is ending the first phase of its development strategy: domestic market domination. Since 2004, it has maintained leadership in France and Switzerland, and is now…

American credit bureau Equifax Inc will pay a total of about $ 700 million to settle claims of regulators and customers associated with a large-scale cybersecurity breach, as a result…

Trading at Chinese STAR, Nasdaq-like market, just started.

The world's largest software maker Microsoft Corp. sharply increased net profit and revenue in the past fiscal year, and now expects growth rates of more than 10% in the current…

Tesla announced a reduction in configuration of models S and X, as well as lower price for the budget Model 3. The company believes that these changes will help optimize…

Shipments of Boeing fell by 37% in the second quarter after two fatal accidents involving the company's best-selling aircraft. In the meantime, European Airbus has significantly advanced in the competition…

Shareholders of Alibaba approved a stock split, which, according to the Chinese e-commerce giant, can help in further raising funds, reports CNBC.

The world's largest beer producer Anheuser-Busch (AB) InBev announced its refusal to place shares in its Asian division of Budweiser Brewing Company APAC on the Hong Kong Stock Exchange. The…

Chinese telecommunications giant Huawei plans to lay off hundreds of employees in Futurewei research company, Huawei’s subsidiary structure in the United States, The Wall Street Journal reported.

Reckitt Benckiser Corporation will pay $ 1.4 billion to settle charges of the US authorities in connection with the sale of Suboxone drug, which allegedly cured opioid dependence better than…

By 2030 China National Petroleum Corporation (CNPC) will invest more than ¥50 billion (about $7.26 billion) in the construction of 23 new and expansion of 10 existing gas storage facilities,…

There has been good news regarding the International Business Machines Corporation, which had previously experienced financial difficulties. Apparently, soon the company may be called a dividend aristocrat.

Virgin Galactic of the British entrepreneur Richard Branson, engaged in tourist suborbital space flights and launching artificial satellites, intends to become public. As it became known from The Wall Street…

German chemical concern BASF reported on the prospects for a noticeable deterioration in profits against the background of a slowdown in the global economy, as well as plans for a…

Amount of the fine, imposed on a British airline, exceeds £183 million. British Airways is accused of weak security measures, which led to the leakage of data of 500 thousand…

Broadcom processor manufacturer is interested in buying cybersecurity software developer Symantec, reports Bloomberg, citing sources familiar with the negotiations.

Shares of China Tobacco International, a subsidiary of the largest cigarette maker in the world, has risen by almost 500% in three weeks of trading on the Hong Kong Stock…

Deutsche Bank, Germany’s largest bank is going to restructure due to the crisis, which could result in a loss of €5 billion, The Financial Times reported, citing its own sources.

There are only two weeks before the start of the reporting season for the second quarter, and Wall Street is expected to reduce its total earnings per share by 1%…

The new rating of The Banker magazine includes thousands of the world's largest banks. Its top is full of banks from China, followed by American financial companies.

Representatives of the South Korean industrial conglomerate Hyosung Corporation signed a memorandum of understanding with representatives of Saudi Arabia oil company Saudi Aramco. It is reported by Maeil Business Newspaper,…

The Irish subsidiary of the American financial giant has violated asset management regulations.

The American pharmaceutical company AbbVie will buy Irish Allergan, known for its development of Botox, for $ 63 billion. This deal will be one of the largest in the industry,…