Companies & CEOs

On Tuesday, Lloyds Banking Group stated its intention to purchase UK credit business of Bank of America MBNA for 1.9 billion pounds ($ 2.35 billion).

Frequent talks of possible IPOs are forcing technology startups Uber, Snap and Airbnb to turn their attention to potential investors. The companies are now trying to convince financiers in reliability…

BP PLC is investing nearly $ 1 billion in a massive gas field off the coast of northwestern Africa. This suggests that major oil and gas companies continue to look…

Adobe Systems Inc. company, specializes in software development, reported a better-than-expected quarterly earnings thanks to increased demand for cloud service Creative Cloud, including Photoshop, Illustrator, and InDesign.

Verizon telecommunications company, intends to acquire operating business of Internet Corporation Yahoo, may lower the offer’s price, or even abandon the deal, Bloomberg reported citing a source familiar with the…

Transnational media holding, controlled by Murdoch family, offered £ 10.75 per Sky’s share to shareholders. Total price of the transaction may amount to £ 11.7 billion ($ 14.8 billion).

General Electric (GE) company plans to gain $ 4 billion through sale of its two industrial units, and is going to achieve a cost reduction of $ 1 billion. The…

US investment bank Goldman Sachs Group Inc, is expected to appoint David Solomon and Harvey Schwartz top aides to Chief Executive Lloyd Blankfein.

Honda Motor invested in Singapore taxi service GrabTaxi Holdings. The latter may these funds to compete with Uber growing in Southeast Asia. Volume of the Japanese automaker’s investment has not…

Japanese brewer Asahi Holdings is going to buy a number of Eastern European beer brands from Anheuser-Busch InBev (AB InBev) Belgian company. Asahi announced this in today’s release. The acquisition…

The Financial Times obtained BP’s report on internal audit security, carried out last year. It states that, despite earlier disaster in the Gulf of Mexico and adopted program to improve…

On Sunday, Iran signed an agreement to purchase 80 passenger Boeings worth $ 16.6 billion. The country’s representatives also announced purchase of a dozen Airbus aircraft, thus concluding the biggest…

In anticipation of growth of the world’s urban population, the largest seller of furniture and household goods, Sweden IKEA, will open smaller shops and pickup points located closer to city…

On Thursday, Italian bank UniCredit announced sale of a portion of its stake in Polish Bank Pekao. UniCredit sells 32.8% stake to insurance company Powszechny Zakład Ubezpieczeń and the Polish…

Pimco Total Return Fund, which has been the largest active fund investment in US bonds for two decades, lost the lead to Metropolitan West Total Return Bond Fund.

Going to IPO 25 years ago, Starbucks made its bet on a bold idea that Americans would be willing to pay more than $ 1 for a cup of coffee.…

The tech sector remains one of the most profitable and fastest growing part of S&P 500, yet it is quite expensive. Moreover, victory of Donald Trump gave investors jitters about…

Danish Maersk Line, the world’s largest container shipping company, and Oetker Group reached agreement on Maersk Line’s acquisition of German shipping company Hamburg Süd, the Danish company said in a…

Swiss tobacco giant Philip Morris may stop selling cigarettes, said André Calantzopoulos, CEO and Director of Philip Morris International Inc. in an interview with BBC.

On Tuesday, Samsung Electronics will consider a proposal to split the unit into two companies, Reuters reported with reference to the Seoul Economic Daily. In October, American Elliott Management hedge…

Rio Tinto has to reduce investments due to unclear market prospects. In 2016, the second major market player will invest less than $ 3.5 billion in various projects. This is…

US corporation Microsoft will receive EU’s approval to acquire LinkedIn social network in exchange for some concessions, in particular, for providing competing social networks with access to Outlook platform.

Many seats on Ryanair’s flights may be free in the next ten years, said Executive Director of the airline.

Revenue of office equipment manufacturer Hewlett-Packard (HP) fell by 6% to $ 48.2 billion in 2016 fiscal year. Revenue for the IV quarter totaled $ 12.5 billion, which is 2%…

The world's largest Internet retailer Amazon is preparing to launch live broadcasts of sports events, available for Amazon Prime subscribers. The American company is currently in talks to acquire rights…

Italian Enel is planning to invest additional revenue to increase dividends, repurchase shares from minority shareholders and, possibly, to hold a buyback. New strategy of the company implies that share…

Anti-corruption investigation carried by Brazilian authorities helped oil state corporation Petroleo Brasileiro (Petrobras) return $ 60 million. The money was received from politicians, officials and businessmen involved in the corruption…

Swiss pharmaceutical giant Novartis announced purchase of American research laboratory Selexys Pharmaceuticals, which deals with diseases of the circulatory system and inflammatory processes. The lab specializes in sickle-cell anemia, a…

Donald Trump moved beyond rhetoric in order to justify trust of voters of the State of Kentucky. The US President-elect urged carmaker Ford Motor Company to change direction, and keep…

Last year, Volkswagen found itself in the center of a scandal. The US authorities found out that the carmaker forged results of tests one emissions of harmful gases into the…

French Ministry of Finance has launched a process to return of € 2,2 billion of tax incentives, with which the government has provided Societe Generale bank, due to loss from…

Siemens announced a deal to acquire American company Mentor Graphics, specializes in development of software and electronics for electronic design automation.

Yahoo! is afraid that sale of the company’s core business to Verizon Communications for $ 4.8 billion is at risk due to data on 500 million users stolen back in…

According to Reuters, Anheuser-Busch InBev has received six preliminary bids for some of its beer brands, totaling over € 5 billion. Among the buyers are listed several large breweries and…

British retail chain Marks & Spencer announced plans to close 30 stores in the UK, and other 53 - abroad. This decision is associated with attempts to restore position of…

According to The Wall Street Journal, General Electric corporation (GE) is negotiating with the world’s third-largest oilfield services company Baker Hughes to unite it with its oil and gas business.…

Snapchat messenger plans to raise $ 4 billion during IPO, which should take place in the next year. According to Bloomberg’s sources, total value of the company, which recently changed…

Today, European Airbus Group reported on results of its operations for the third quarter and first nine months of the year.

Genworth Financial Inc., the dominant operator in the field of long term insurance for health care in the United States, agreed to sell its business to Chinese investment company Oceanwide…

British American Tobacco, owns 42.2% stake in Reynolds American, made a bid for the remaining 57.8% of the American company. The deal amounted to $ 47 billion, including $ 20…

Dutch-British oil company Royal Dutch Shell announced sale of non-core oil and gas assets located in western Canada to Tourmaline Oil Corp. The deal is worth $ 1.03 billion. This…

Glencore Plc. sold its coal haulage railway Grail in Australia to US rail operator Genesee & Wyoming Inc. for 1.14 billion Australian dollars ($ 873 million) within the company’s ambitious…

In III quarter of this year, Citigroup earned $ 3.47 billion (+ 35% YoY) on bond trading, JPMorgan - $ 4,33 billion (+ 48%), Bank of America (BofA) - $…

On Monday, Netflix reported that number of the service’s subscribers has grown for the third quarter of this year. Now, total audience is reaching 3.2 million people, which significantly exceeded…

Verizon may refuse to buy Yahoo! because of the database hack happened in 2014 and the company’s co-operation with US intelligence agencies in the e-mail scanning, reports Reuters referring to…

Tesla Motors, even when faced with some problems in their activities due to the ever-expanding ambitions, continues to lead the market of luxury-class cars, reports Bloomberg.

The world's largest beer maker Anheuser-Busch InBev (AB InBev) announced closure of a historic deal to acquire its UK rival, brewer SABMiller, for $ 106 billion. Now, AB InBev is…

Today, South Korean company Samsung Electronics announced complete halt of production of Galaxy Note 7 smartphones as ignition of the devices continues even after repairs, Reuters reported citing informed sources.…

The most probable buyers of Twitter, namely Walt Disney, Salesforce.com and Google, may refuse to sign the deal because of pressure from their investors, Bloomberg writes.