Companies & CEOs

Boeing assumed cessation of production of aircraft models 747. This suggestion is reasoned by decline in sales of the model, which is considered one of the most successful in the…

Profit of chemical giant DuPont Co, Dow Chemical Co.’s rival, grew by 8.4% on the results of the 2nd quarter of 2016. The company is linking this to great success…

Merger of mytaxi Daimler and Hailo will create the largest smartphone taxi service in Europe, able to compete with Uber, the current dominant of taxi market.

In the first half of this year, Christie's sales of art pieces have fallen by 28% against the panic that has gripped financial markets and uncertainties after the UK referendum.

Wells Fargo will pay 300 million pounds for 33 Central building, located between business districts of Canary Wharf and Westminster, ($ 397 million), Bloomberg reported, citing sources. The bank representative’s…

Korean manufacturer of smartphones Samsung filed a lawsuit against Chinese company Huawei. Samsung is accusing its rival of violating patents. The company is demanding a compensation and suspension of production…

Online retailer eBay Inc. reported that the quarterly revenue exceeded expectations. The company also improved its outlook for the current year, relying on the company's efforts to modernize its online…

Hyperloop One company filed a counterclaim to one of its founders Brogan Bambrogan, accusing him of trying to take control of the company and desire to create a competitor.

On the background of unstable exchange rates, the global manufacturer of cigarettes raised its forecast for net profit in 2016 from $ 4.45 to $ 4.55 per share. Excluding currency…

In June, the IMF named Deutsche Bank the world’s riskiest financial institution. Experts believe that the bank is unlikely to repeat the fate of Lehman Brothers, but if it does…

Japanese telecommunications company SoftBank Group is ready to buy British corporation ARM, produces processors for mobile devices, Financial Times reported, citing sources familiar with the situation.

In the II quarter, net profit of Citigroup Inc. decreased by 14% compared with the same period last year; at that, net profit of Wells Fargo fell 2.8%. Extremely low…

Shares of Swatch watches fell by 14% at the opening of trading on Friday. It happened after the company warned that profits in the first half of the year will…

The corporation is suspected that setting limits on advertising opportunities of partner companies.

Market capitalization of Amazon online retailer got ahead of Warren Buffett's Investment Corporation Berkshire Hathaway.

US Federal regulators have banned Elizabeth Holmes, founder and CEO of Theranos startup medical, from heading blood tests laboratories, or owning them. Above that, the regulators revoked license of Theranos…

French company Danone, the world's largest yogurt maker, announced its intention to acquire US producer of organic products WhiteWave Foods priced at $ 56.25 per share in cash. The amount…

International mining group Rio Tinto intends to sell its stake in Australian coal mine for a symbolic sum of one Australian dollar. The buyer will also receive 80 million Australian…

Brazilian court has blocked 19.5 million reais ($ 6.07 million) on the Facebook account. The reason was the fact that WhatsApp service owned by the social network refused to grant…

The Fed opposes plans of capital allocation proposed by Deutsche Bank Trust and American Santander. This means that the banks cannot issue dividends or buy backs unless they accept the…

The competition authority of the European Union said it would hold a thorough check regarding intention of German chemical concern Bayer AG to buy the US company Monsanto, maker of…

London's financial center begins to pay a price for the UK's decision to withdraw from the EU. German financial regulator BaFin asked the London Stock Exchange (LSE) and Deutsche Boerse…

Having failed in the smartphone market, Canadian BlackBerry is trying to survive by promoting its software division. The vendor’s main goals are government agencies and corporate clients, yet ordinary users…

IKEA intends to withdraw 29 million chest of drawers and stop selling low-budget Malm line. The company has taken this decision after three infant deaths taken place in the last…

United Kingdom voted for Brexit, and this decision plunged markets into shock on Friday. However, a small group of hedge funds still managed to make a huge profit out of…

French media conglomerate Vivendi does not want to stop embodying long-term plans for capture of its compatriot Ubisoft, specializing in development and publishing of video games.

Quarterly and annual revenue forecast of Adobe Systems Inc. software developer barely stretched out to analysts' estimates. The news disappointed investors who had hoped that demand for Adobe Creative Cloud…

Dell is in talks to sell the business for production of corporate software - Dell Software Group. The buyers are Francisco Partners company and Elliott Management Corp. hedge fund.

Chinese online retailer JD.com and the US company Wal-Mart announced creation of a strategic alliance in which Wal-Mart will receive almost 145 million new A class shares of JD.com. This…

On Sunday evening, Head of Iran's Civil Aviation Organization (CAO) announced a contract with Boeing Aircraft Corporation to supply 100 aircraft to Iranian airlines. The deal is valued at $…

Volkswagen will focus on the most attractive and fastest growing segments of the market. To do this, the company’s current portfolio, consisting of 340 different models, will be optimized based…

Online rental service Airbnb attracted a loan of $ 1 billion to strengthen its business and to develop new services. Now, Airbnb is valued at more than $ 25 billion.

Founder of Alibaba Group Jack Ma said that quality of fake goods sold in the company’s online stores is higher than that of the original products. Head of the world's…

Uber decided to introduce a helicopter taxi service to its Brazilian customers. The experiment will begin in the city of São Paulo, known for its many kilometers-long traffic jams.

Millward Brown estimated that cost of ten world’s most important automotive brands in 2016 is $ 139 900 000 000, that is, 3% less than last year. At that, the…

According to the board members, the bank employee was fired "without real and weighty reasons, in an insulting way".

American coffee manufacturer Starbucks and the world's largest brewer Anheuser-Busch (AB) InBev signed an agreement on joint production of tea. AB InBev will produce, bottle and distribute in the US…

Merger of the largest European stock exchanges will lead to mass layoffs of employees. It follows from a leaflet to the stockholders that the merger of the London Stock Exchange…

The largest shareholder of Alibaba, for the first time invested in the company in 2000, decided to reduce its stake. It plans to sell 4% stake in the company worth…

Japanese Toyota may buy Boston Dynamics, Alphabet’s unit producing robots, according to Tech Insider, citing people familiar with the situation.

Netbase company analyzed 6.5 million messages on social networks in 50 European countries over the past year. The study’s results are revealing types of businesses on which consumers often respond…

Alphabet, owns Google, has won a legal dispute with Oracle on patent rights to use Java software, reports Reuters. Court in San Francisco rejected Oracle's compensation in the amount of…

U.S. Securities and Exchange Commission is investigating accounting practices in the Alibaba Group in order to find out possible violations of US securities legislation by the Chinese Internet giant. This…

AAA credit rating is becoming a museum piece in the corporate world. In April, Standard & Poor's downgraded oil company ExxonMobil to AA-, thus leaving the United States with only…

The Google office located in the IX arrondissement of Paris is under investigative action started today at 5 am. According to Le Parisien, citing informed sources, the search is led…

Brazil's government may approve sale of the state share in the scandal-ridden Brazilian oil and gas giant Petrobras, Reuters reported, citing sources familiar with the situation.

Chinese carmaker Zhejiang Geely Holding Group Co., which owns the manufacturer of London black cabs, has attracted $ 400 million to finance development of hybrid TX5, Bloomberg reported. This vehicle…

British ARM Holdings, specializing in the development of chips for iPhone and other mobile devices, announced purchase of Apical company. The deal will strengthen ARM’s position in the machine-readable products…

Nokia is giving a 10 years-long right of production of devices under the brand to the Finnish company HMD Global. The latter, in partnership with Foxconn’s subsidiary, buys the business…