Companies & CEOs

This morning, Hong Kong's Noble Group Limited announced sale of its US energy business unit to US Calpine Corporation. The company’s message says that Noble Americas Energy Solutions goes under…

There are many reasons that led to closure of factories, yet the main of them is a significant rise in cost of production.

Chad court fined Exxon Mobil $ 74 billion. This amount is equal to a five-year GDP of the African country.

British telecommunications company TalkTalk will have to pay a fine of 400 thousand pounds (more than $ 500 thousand) for having failed to prevent cyber-attacks directed against the company in…

South Korean Samsung Corporation agreed to acquire American company Viv Labs, a developer of artificial intelligence programs.

German airline Air Berlin will take part in negotiations between TUI Group and Etihad (holder of 29.2% share in the Berlin carrier) for possible establishment of a new European air…

Dutch financial conglomerate ING Groep plans to cut about 7 thousand jobs, and invest heavily in its own digital platform to save about 900 million euros ($ 1 billion) for…

According to The Wall Street Journal, citing sources familiar with the situation, the US chip makers Qualcomm and NXP Semiconductors from Netherlands are negotiating a merger. The deal could be…

General Director of Nissan Carlos Ghosn said that the company wants to know conditions of the UK’s secession from the EU. If the parties introduce additional trade surcharges between the…

Net loss of Canadian smartphone maker and software developer BlackBerry on the results of II quarter of 2016 fiscal year (June 1 to August 31) was $ 372 million against…

Deutsche Post DHL Group reached agreement on acquisition of UK Mail Group for 242.7 million pounds ($ 315.5 million) to strengthen its position in the UK market, says the German…

A list of applicants to purchase microblogging service Twitter now includes Microsoft and The Walt Disney Company. Disney’s financial consultants are currently assessing value of Twitter to determine size of…

International hotel chain Marriott International Inc. completed acquisition of Starwood Hotels & Resorts Worldwide Inc.

Danish conglomerate A.P. Moller-Maersk Group said that it is going to divide the business into two separate divisions: transport and energy. The conglomerate explained this decision by crisis in the…

Today, Postal Savings Bank of China (PSBC) raised about $ 7.4 billion during its IPO. Trading with PSBC shares should start on the Hong Kong Stock Exchange on 28 September.…

Apple has filed patents not only on various high-tech devices and software. Now, the company’s portfolio includes a patent on an ordinary paper bag with flexible handles, reports The Verge.

The European Commission (EC) announced start of proceedings on a taxation scheme accorded to French power and gas group GDF Suez (now called Engie) in Luxembourg.

Technology giant Samsung announced sale of shares of four companies, including ASML Holding NV and Seagate Technology Plc. Thus, the company in order to release funds for additional investments in…

US Justice Department demanded that Deutsche Bank pays $ 14 billion for its participation in the mortgage crisis of 2008. This amount may be the largest fine imposed by the…

Unilever is in talks about purchase of a manufacturer of environmentally friendly cleaning products. The parties are discussing a sum of more than $ 1 billion, which is significantly less…

American company Walt Disney announced downsizing in one of its units due to weak financial performance, according to The New York Times. The layoffs are related to Digital Media and…

Canadian fertilizer producers Agrium Inc. and PotashCorp are going to merge. They will create the largest player in the global fertilizer market with capitalization of $ 36 billion by the…

Samsung Electronics decided to get rid of its business for production of printers, and has already found a buyer - American HP Inc. The transaction is valued at US $…

One of the largest US banks Wells Fargo has been fined $ 185 million for the fact that its team opened more than 2 million accounts and credit cards without…

Today, shares of Nintendo on the Tokyo Stock Exchange rose by 13.2%, from 24695 to 27955 yen apiece. The jump followed rapid growth of American Depositary Receipts (ADR) of the…

Liberty Media owned by American billionaire John Malone announced its intention to purchase Formula One auto races from a consortium of vendors led by private equity firm CVC, reports The…

Israeli company Space Communication Ltd, an owner of telecommunications satellite AMOS-6 destroyed because of an explosion of launch vehicle Falcon 9, may require compensation of $ 50 million, or a…

Engineering company General Electric is planning to buy two European companies specializing in 3D-printing technology. The American company is going to use the two manufacturers to create parts of jet…

Visa payment system in collaboration with British technology company BTL Group is working on integration of the blockchain technology in inter-bank transfers.

Cargo rocket Falcon 9 of Space X, owned by Elon Musk, exploded on a launch pad at a Cape Canaveral’s spaceport, reported television channel MSNBC. Launch of Falcon 9 was…

Dell Inc. said on Wednesday that it has received approval of the Chinese regulators, and now intends to complete its merger with EMC Corp. by 7 September. The deal, worth…

The American oil giant ExxonMobil started to look for a possible buyer for a refinery in the city of Billings, Montana. The facility is one of the company's refineries, not…

Last 22 stores of major British retail chain BHS closed this Sunday after 88 years of presence in the market.

Uber lost $ 1.2 billion in the first half of 2016. The main item of expenditure was payments to drivers.

Royal Bank of Scotland Group Plc (RBS) asked 3 thousand users of the bank’s global transaction banking services to hurry up with search for other credit institutions.

Fast food restaurants chain McDonald's withdrew Happy Meal fitness tracers in the US and Canada. This decision is explained by complaints about appearance of burns on children’s wrists, left by…

Last October, France established a special government commission to study French cars in connection with a scandal around Volkswagen Group. Today, The Financial Times referred to its members saying that…

The Committee on Foreign Investment in the United States (CFIUS) approved a proposition of China National Chemical Corporation (ChemChina) to buy Swiss chemical company Syngenta AG.

A year ago, Glencore was on the verge of crisis. Yet, the company managed to improve the situation through debt reduction, asset sale and thanks to increase in prices for…

The British division of Uber announced its intention to sue the Department of Transport in London. The latter wants all private taxi drivers from non-English speaking countries to have compulsorily…

American Praxair is in talks to merge with German company Linde. The transaction, which would continue surge of consolidations in the sector, could result in creation of the world's largest…

State Street and BNY Mellon have already paid more than $ 1.2 billion on settlement agreements with the US government. In July, State Street agreed to pay $ 530 million…

The largest British oil company BP is looking for buyers for its 50% - stake in major Chinese petrochemical plant SECCO. The deal is estimated at $ 2-3 billion, Reuters…

The Japanese corporation Sony Corp. is planning to raise about $ 982 million through the issuance of corporate bonds for institutional investors. This is reported by Nikkei Asian Review.

In the II quarter 2016, combined share of South Korean smartphone makers Samsung Electronics and LG Electronics in North America achieved a record 49%, while Apple’s position fell to 24.5%.…

Elizabeth Holmes, Head of controversial "bloody" startup Theranos, promised to solve the problems for which criticized the company was criticized, and told about new products, reports Reuters.

For the fourth time since the beginning of the year, Adidas has raised its annual profit forecast. The company’s management is expecting a profit of 1 billion euros by the…

Verily, previously owned by Google, and the largest pharmaceutical company in the UK are going to invest about 540 million pounds sterling in Galvani Bioelectronics company. The latter will be…

Diageo, the world's largest producer of premium alcoholic beverages, is concentrating its efforts to protect its Scotch whiskey kitchens. This segment found itself behind the eight ball after the Brexit…

Yahoo had been developing dynamically during the first 10 years after founding. Later, however, the company quickly gave way to Google and Facebook, which by the time had gained a…