Companies & CEOs

On Tuesday, the Hong Kong police detained 21 Uber drivers. All of them were arrested for providing taxi services without an appropriate license or third-party insurance. Uber has already stated…

Leading chemical corporations - American Huntsman and Swiss Clariant - agreed to merge equals by exchanging shares. The deal will create a chemical giant with a total value of about…

Aston Martin may begin preparations for an IPO in 2018, reports Bloomberg referring to informed sources. According to one of them, the company is summing up results for 2017 before…

Recently, Apple has become the first American company with capitalization exceeded the $ 800 billion mark. This news inspired rumors that release of the alleged "thousand dollar-worth" iPhone 8 will…

It looks like the world's oilfield services companies are quitting the period of stagnation.

On Thursday, Brazilian energy company Petrobras published financial reports for the first quarter, and it turned out that the company's financial results were the best in the last two years.…

The EU can change rules of regulation for online taxi service Uber, reports Reuters.

Over the past few months, Snap, which runs popular mobile app Snapchat, signed content agreements with a number of media holdings - Vertical Networks, Turner, NBCUniversal, A + E Networks,…

On Wednesday, Toyota Motor Corp. reported the first in the past five years’ decline in annual net profit - its volume decreased by 20.8%. The concern managed to increase auto…

Zhejiang Geely, a Chinese automaker owning Swedish Volvo, is buying about 30% of Danish Saxo Bank, the Financial Times reported.

South Korean technology giant Samsung is coming close to the world’s leading manufacturer of microprocessors, which currently belongs to American corporation Intel. This would be a hefty victory for the…

Profit of the British company BP grew almost threefold in the first quarter, amounting to $ 1.5 billion. Thus, BP became the next energy company after Exxon Mobil, Chevron and…

The South Korean authorities’ decision to host the US missile defense system THAAD has negatively affected the country’s largest carmaker Hyundai Motor. The company's sales fell immediately by 14% in…

Italian airline Alitalia is in the red, and it looks like the carrier does not have a chance to be rehabilitated. The company’s employees refused to support a rescue plan…

Today, Toshiba Corporation confirmed previously announced reorganization plans to transform the company’s four business lines into separate companies. This decision, as Toshiba's management hopes, will help keep the business seriously…

A group of investors from Australian bank Macquarie Group and the Universities Superannuation Scheme Foundation paid the British government 2.3 billion pounds ($ 3 billion) for Green Investment Bank, said…

German company Axel Springer, publishes newspapers Die Welt and Bild, acquired a stake in Uber Technologies. It is not reported how much the publisher has invested, but, according to the…

Legendary investor Warren Buffett is going to sell houses to Chinese upper-class. His HomeServices, which deals with real estate brokerage, "expands its global reach by attracting wealthy Chinese citizens to…

American biotech company Theranos agreed not to carry out laboratory blood tests for two years in exchange for a smaller fine from the healthcare sector regulation authorities, Reuters reports.

Famous British manufacturer of ready-to-eat breakfast cereals and cereal products Weetabix will be purchased by US company Post Holdings for $ 1.76 billion. To date, Weetabix, founded in the UK…

International taxi service Uber recorded an adjusted loss of $ 2.8 billion in 2016 with revenue of $ 6.5 billion. The company, which shares do not circulate on the open…

According to The Daily Telegraph, the British Lloyds Banking Group intends to re-establish its European headquarters in Berlin after the UK withdraws from the EU. It is reported that Lloyds…

The presumable purchase could cost Apple unbelievable $ 200 billion. If the deal does take place, it will completely reverse the future of Silicon Valley and Hollywood, and that's why.

Anglo-Australian Rio Tinto is close to quitting the steam coal business. The company received a permission from the Australian regulator for foreign investment to sell majority of its coal mines…

A continuing scandal involving the use of force made United Airlines air carrier promise to compensate the cost of tickets for all passengers who were on board of the flight.…

Japanese concern Toshiba announced a projected loss of 1.01 trillion yen ($ 9.2 billion) following the results of the financial year ending March 31, and expressed concern about the company's…

German pharmaceutical company Stada Arzneimittel AG accepted an offer to purchase from consortium of private investment funds Bain Capital LLC and Cinven Group Ltd., according to MarketWatch. The deal will…

Technology giant Baidu owns a cartographic platform, the largest search engine in China, a popular video site iQiyi, and links these services to the vast ecosystem of Internet and cloud…

Falling sales and growing competition from online retailers are forcing US retailers to restructure their operations and close stores. Just two weeks after Sears chain of stores warned about possible…

Exxon Mobil is negotiating purchase of an oil refinery in Singapore, which could increase production of fuel and petrochemical products in Asia, Reuters reports.

The world's largest oil companies are struggling for breakeven. Despite saving billions of dollars and a moderate recovery in oil prices, Exxon Mobil, Royal Dutch Shell, Chevron and BP in…

Tesla company has surpassed analysts' expectations, announcing the release of more than 25,000 cars in the first three months of this year. This is a quarterly record for the manufacturer…

Head of the Japanese manufacturer and seller of clothes Uniqlo Tadashi Yanai said that his company could probably leave the US market. He explained this decision by a new law,…

Chinese messenger WeChat intends to expand its business in Europe by opening an office in the UK. Currently, the company is negotiating with European brands offering premium products and fashionable…

The US Environmental Protection Agency (EPA) granted Volkswagen with a permission to sell diesel cars of 2015 models after updating the emissions accounting software, said spokesman for VW Group of…

Another major player entered a list of investors, ready to finance Tesla. Why did the Chinese Internet giant ignore the risks that all analysts are screaming about? And why did…

Bankruptcy court in American Sacramento, California, ruled to impose a $ 45 million fine on Bank of America (BofA) for illegally impounding a mortgaged house and threatening family members of…

Analysts of the Nomura investment bank reckon that Google may lose $ 750 million a year due to boycott that major global companies set up. The digital company will lose…

Argentinian Tecpetrol, part of the Techint Group, plans to invest $ 2.3 billion in shale deposits of Vaca Muerta by 2019.

The latest reform plan for Tokyo Electric Power Co. Holdings is based on promising assumptions about willingness of colleagues to assist in restructuring and restarting production. However, it leaves doubts…

In February, The European Central Bank completed a nine-month review of loan portfolio of the Italian Monte dei Paschi di Siena, the world's oldest bank. The Central Bank will take…

British mobile operator Vodafone has agreed to merge its operations in India with competing company Idea Cellular. The deal will create the largest telecommunications company in the country, as emergence…

Two consortia of private investment funds advanced their bids to Stada’s management to purchase this pharmaceutical company for € 3.7 billion.

Researchers from the University of Southern California conducted an analysis of all users of popular social network Twitter. According to the received data, the number of bots (fake pages) on…

American corporation Intel announced purchase of Israeli company Mobileye for $ 14-15 billion, reports Reuters referring to Israeli financial newspaper TheMarker. According to the newspaper, the deal will be announced…

Airbnb service attracted investment of $ 1 billion; thereby the company’s value reached $ 31 billion. In addition, according to sources, the service managed to profit in the second half…

South Korean corporation Samsung intends to expand its production in the US by investing at least $ 300 million in the country’s economy, according to The Wall Street Journal.

The newest gaming console of Nintendo has shown rather weak sales results in Japan. This can become a problem for the company, although there is a hope for a strong…

The largest state-owned oil company Saudi Arabian Oil Co. will pay $ 2.2 billion to Royal Dutch Shell to complete withdrawal of Shell from Motiva Enterprises, a joint venture for…

By 2022, US ExxonMobil plans to invest $ 20 billion in projects for processing hydrocarbons and petrochemicals on the Gulf of Mexico coast in the US, the company said, citing…