Companies & CEOs

Net loss of one of the world's largest energy companies, Italian Eni SpA, attributable to shareholders of the company shrank by 5.9 times to 1,464 billion euros in 2016, the…

Apple and Samsung signed a $ 11.4 billion-worth contract, according to The Wall Street Journal citing insiders. The South Korean company agreed to supply 160 million curved OLED displays for…

Japanese telecommunications company Softbank Group is organizing a merger of British satellite startup OneWeb, financially supported by Intelsat, one of the world's largest satellite companies. The deal must be approved…

Fitbit bought Pebble, manufacturer of smart watch, for $ 23 million, follows from the quarterly financial report, published on 22 February. Earlier media, including Bloomberg, reported that amount of the…

Net profit of Swiss company Glencore in 2016 increased by 48 percent and amounted to 1.99 billion US dollars. Net debt of Ivan Glasenberg’s company fell 40 percent down to…

From 2009 to 2015, shares of Starbucks have grown by 1170%, but fell by 8% in 2016 without any apparent reason. The company practically has no room to grow, but…

Lenovo is creating Lenovo moto, a single brand for its smartphones. The manufacturer is stopping production of brands such as Motorola, and Vibe, announced executive director of Lenovo's mobile division.

European aerospace group Airbus announced that its annual profit for 2016 amounted to € 995 million, which is 63% less than the year before. Such a sharp decline in profits…

American food group Kraft Heinz Co withdrew its proposal for a $ 143 billion-worth merger with its larger rival Unilever Plc, causing the market to speculate whether Kraft chose another…

If you had invested $ 10 thousand in one of these stocks in May 1986, you would have received at least $ 3.68 million by now. Yet, this does not…

Austrian authorities have filed a lawsuit against corporation Airbus and its subsidiary Eurofighter, accusing them of manipulating prices on fighters. Ministry of Defense of Austria ordered Eurofighter aircraft back in…

Activision Publishing, belongs to Activision Blizzard, dismissed a number of its employees. The layoffs were held in studios Infinity Ward, Beenox, and others, which names were not disclosed.

PSA Group, manufacturer of Peugeot and Citroen cars, is discussing purchase of General Motors’s European business, including Vauxhall and Opel brands, Bloomberg reported citing its sources. If this deal goes…

According to the financial statements of luxury stores chain Nordstrom, sales of Ivanka Trump’s fashion line of shoes and clothing fell by 32% in the past year. On the eve…

British company Reckitt Benckiser, which produces a range of consumer products including Durex condoms, air fresheners AirWick and cough lozenges Strepsils, announced acquisition of American baby food manufacturer Mead Johnson…

Twitter’s shares lost in value 10% after the company published its financial report for the fourth quarter of 2016. The microblogging service recorded not only the lowest level of income…

This week, General Motors has published its annual financial report. In 2016, net profit of the largest US automaker fell to 2.7%, up to $ 9.4 billion.

According to Financial Times’ sources, French L`Oreal Group is considering selling natural cosmetics retail chain The Body Shop. The retailer, operates in 66 countries, has shown a negative trend of…

The week has just begun, and the banking industry has already brought some interesting news. Let's see what happened to the world’s top banks during the last few days.

CEO of BNP Paribas Jean-Laurent Bonnafé told in an interview with the Financial Times that the French bank intends to "transform its business" in the next three years. The largest…

Toyota Motor and Suzuki Motor Japanese automakers announced signing of a memorandum of business partnership.

General Director of Uber Travis Kalanick left the group of advisors on business issues to Donald Trump. The decision was taken under pressure society and his company’s team, reports Reuters.

Guardian Media Group, which owns newspapers The Guardian and The Observer, warned that the group's losses could reach £ 90 million in the current fiscal year ending in April. This…

Research firm Brand Finance has published its latest list of the world’s 500 most expensive and 10 most influential brands. Google tops the most valuable brand’s list, having pushed Apple…

Microsoft Corp. sold bonds for $ 17 billion, which has become the largest emission of this year, Bloomberg reported. The company surprised investors with such a major transaction shortly after…

Japanese Sony Corp. announced write-off of 112.1 billion yen ($ 976 million) in the cinema segment for the quarter ended in December, as newly popular online broadcasts sharply limited demand…

Ant Financial, financial arm of Chinese online retailer Alibaba, buys money transfer service MoneyGram for $ 880 million, Bloomberg reported. The deal will be closed in the second half of…

American biotech corporation Johnson & Johnson announced acquisition of Swiss pharmaceutical company Actelion Pharmaceuticals Ltd. for $ 30 billion with spin-off of the research division into an independent company, said…

Google has published a report on the fight against incorrect or fraudulent advertising and false information. In the past year, the company has removed 1.7 billion advertisements that misled consumers…

Goldman Sachs’s President Gary Cohn, whom the US president Donald Trump offered to head the National Economic Council, will receive $ 284 million after leaving the bank, Bloomberg reported.

In the US, Apple filed a $ 1 billion-worth lawsuit against its computer chips supplier Qualcomm. The smartphones developer claims that its supplier went beyond all bounds and violated antitrust…

Uber will pay $ 20 million to settle lawsuit of the US Federal Trade Commission (FTC). The latter is claiming that the company misinformed its drivers about their likely earnings,…

Chinese e-commerce company Alibaba has become the main sponsor of the Olympic Games by signing a deal with the International Olympic Committee (IOC). The contract expires in 2028, informed both…

Shares of Japanese company Toshiba at trading on Thursday, 19 January, fell down by 26 percent after reports about losses amounting to more than $ 4.4 billion (500 billion yen).…

UAE state-owned airline Etihad Airways does not intend to increase its share in German air carrier Lufthansa, said Head of Etihad James Hogan.

Tobacco companies British American Tobacco (BAT) and Reynolds American approved a merger deal worth $ 49 billion. The two giants are going to create the world's largest tobacco company, which,…

The US Department of Justice and rating agency Moody`s said they reached an agreement in legal dispute. The agency will pay $ 864 million of compensation to the American authorities…

On Friday, 13 January, Renault’s quotes fell down 6%. France Press reported that the French regulators are launching a preliminary investigation into possible underestimation of emissions in the concern’s diesel…

Organization People for the Ethical Treatment of Animals, PETA, has become a minority shareholder of French luxury manufacturer LVMH Moet Hennessy Louis Vuitton SA products. This way, the organization hopes…

General Director of American corporation General Motors (GM) Mary Barra said that the company is not going to revise plans on expansion of production abroad, despite criticism of the United…

McDonald's is selling 80% of its business in China and Hong Kong to Citic and Carlyle Group investment funds. The buyers will obtain the franchise to manage the fast food…

Brazilian state oil company Petrobras announced sale of non-core assets for total amount of $ 587 million to mobilize efforts to reduce debt.

Japanese Takata and the US federal judicial authorities are nearing an agreement to settle criminal investigation on defective airbags. The supplier of automotive components is going to settle the case…

American manufacturer of mobile processors Qualcomm has been fined more than $ 850 million for breach of antitrust laws. The company has been criticized worldwide for its business of licensing…

US Amazon.com Inc., the world's largest online retailer, announced that it has shipped more than 1 billion products worldwide during this Christmas and New Year's holiday season. The company says…

Production of gasoline and diesel fuel at Mongstad, the largest oil refinery of Norwegian group Statoil, has decreased by 50% due to a leak of refinery products occurred in November.

2016 was a difficult year for hedge funds. They were actively criticized, called exaggerated, and their results were disappointing. Famous managers, including Ray Dalio (founder of Bridgewater Associates) and John…

American technology company Microsoft has a good chance to get market valuation of $ 1 trillion for the first time, according to Michael Markowski, an analyst at Equities. All the…

Italian parliament allocates € 20 billion to save Monte dei Paschi. The funds will be received from a newly formed rescue fund, which was approved this week. The country’s Finance…

Volkswagen will pay about $ 1 billion to settle consequences of Dieselgate in the United States. The latest agreement, which the Federal Court confirmed on December 20, obliges the automaker…