Companies & CEOs
Amazon goes private
In the next few weeks, US Internet giant Amazon may introduce new types of products under private label, told sources familiar with the situation. For example, the retailer plans to…
Published on May 17, 2016
By Iris Barker
Companies & CEOs
Warren Buffett enters into competition for Yahoo!
According to Reuters’ informed sources, American entrepreneur and billionaire Warren Buffett's company Berkshire Hathaway will apply to purchase online assets of Yahoo! Buffets wants to incorporate the media company in…
Published on May 16, 2016
By Iris Barker
Companies & CEOs
Apple to tie up with Uber’s competitor in China
Apple is investing in China's largest online taxi service Didi. The investment’s size will amount to $ 1 billion. Didi is one of the fastest growing Chinese technology startups. According…
Published on May 13, 2016
By Iris Barker
Companies & CEOs
Nissan to gain control over Mitsubishi Motors for $ 2.2 billion
Nissan Motors buys 34% stake in Mitsubishi Motors for $ 2.2 billion, or ¥ 237 billion.
Published on May 12, 2016
By Iris Barker
Companies & CEOs
Maersk is ready to become profitable at $30 for oil barrel
Almost a year ago, oil rebounded strongly after the fall at the beginning of 2015 summer. Within three months, it was trading at around $ 60.
Published on May 10, 2016
By Iris Barker
Companies & CEOs
As Tesla’s losses are growing, the company is triumphing
Last night, the world's largest producer of electric cars Tesla Motors released its report for the first quarter. The company’s losses compared to the first quarter of last year rose…
Published on May 5, 2016
By Iris Barker
Companies & CEOs
ASUS leads the gaming laptop market
Taiwanese manufacturer of computers and accessories - ASUSTeK Computer – came up to be the leader in the gaming laptop market.
Published on May 5, 2016
By Iris Barker
Companies & CEOs
Top 10 world’s oil companies
Boston Consulting Group has a tradition to publish annual rankings of best companies in terms of added value based on the total shareholder return (TSR) for the preceding five-year period.
Published on May 5, 2016
By Iris Barker
Companies & CEOs
Johnson & Johnson to pay $ 55 million to a cancer patient
US court has ordered Johnson & Johnson to pay $ 55 million to a woman with ovarian cancer. She states that she suffered from the use of the company's products.
Published on May 3, 2016
By Iris Barker
Companies & CEOs
McDonald’s opened its restaurant in one of the most dangerous cities in the world
Fast food restaurants chain McDonald's has opened the first joint in the Pakistani city of Quetta, which has a population known for its sympathy for the terrorist group "Taliban".
Published on May 2, 2016
By Iris Barker
Companies & CEOs
Abbott Laboratories to buy St. Jude Medical
On Thursday it became known that the American pharmaceutical company Abbott Laboratories is going to buy manufacturer of medical devices St. Jude Medical for $ 25 billion. The transaction will…
Published on April 29, 2016
By Iris Barker
Companies & CEOs
The world’s largest pension fund lost $ 10 billion
Pension Fund of Norway showed a negative return for the third time this year, having lost $ 10 billion in the first quarter. Taking into account the krone’s fall and…
Published on April 28, 2016
By Iris Barker
Companies & CEOs
French Total and Norwegian Statoil adapted to low oil prices
Today, two major European oil and gas companies - France's Total and Norway's Statoil - reported their first quarter results. They occurred much better than analysts' forecasts. Observers note that…
Published on April 27, 2016
By Iris Barker
Companies & CEOs
Hershey`s takes on protein bars
The largest US manufacturer of chocolate bars Hershey`s goes a healthy lifestyle along with the recent trend noticed among Americans and entire world. The company is going to start releasing…
Published on April 26, 2016
By Iris Barker
Companies & CEOs
Apple Watch beat the first iPhone’s sales record
Analysts estimated that 12 million Apple Watch units have been sold worldwide during the past year. Thus, the "smart watch" by the Cupertino’s company came out twice as successful as…
Published on April 25, 2016
By Iris Barker
Companies & CEOs
Apple blocked iBooks and iTunes in China
Apple closed its services for downloading books and movies iBooks and iTunes Movies in China. The decision was made after the company received a request from the Chinese authorities. Their…
Published on April 22, 2016
By Iris Barker
Companies & CEOs
Volkswagen agreed on compensation in the US
German carmaker Volkswagen AG and the US government reached a friendly settlement of the "Dieselgate" scandal. Company will pay buyers of its cars in the US $ 5 thousand per…
Published on April 21, 2016
By Iris Barker
Companies & CEOs
Mitsubishi Motors market cap fell by 15% after another engine scandal
This morning, the Japanese manufacturer Mitsubishi Motors vehicles announced that its compact cars have not passed the test for fuel economy. The market reacted with the immediate fall of the…
Published on April 20, 2016
By Iris Barker
Companies & CEOs
A group of refugees from Syria was shot dead by Turkish border guards
Eight Syrians, including women and children, were killed by Turkish border guards in the attempt to illegally cross the border. It is reported by The Times.
Published on April 20, 2016
By Iris Barker
Companies & CEOs
The US vs the youngest female billionaire: Theranos is under investigation
Theranos biotech company is suspected of defrauding investors. The prosecutor's office is investigating what kind of information the startup provided on its own blood analysis system.
Published on April 19, 2016
By Iris Barker
Companies & CEOs
A new mobile game brought $110 mln in the last month
A new mobile game Clash Royale by the Finnish company Supercell (famous for its high-profile projects such as Clash of Clans, Boom Beach and Hay Day) brought about $ 110…
Published on April 19, 2016
By Iris Barker
Companies & CEOs
Green roofs: Is it possible to grow a profitable farm on urban roofs?
Bright Farms company had been collecting necessary permits to open a "green" plantation in Washington during 10 months. Last year, however, they were forced to abandon the project. Previously, a…
Published on April 18, 2016
By Iris Barker
Companies & CEOs
Credit Suisse faces a punishment of Japanese regulators
Credit Suisse Group AG may be sued in Japan for leak of confidential information about the company. Regulators said that the bank’s Japanese division might have used improper systems for…
Published on April 15, 2016
By Iris Barker
Companies & CEOs
Volkswagen’s market share in Europe fell to a five-years low
In March, car sales in the EU have increased by 6% to 1.7 million units, almost reaching pre-crisis levels. The first quarter as a whole showed increase by 8.2%, to…
Published on April 15, 2016
By Iris Barker
Companies & CEOs
Real-life GTA in Rockstar’s office
Leslie Benzies, former president of Rockstar North studio brought into the world a series of games Grand Theft Auto, is determined to seize $ 150 million from Take-Two Interactive and…
Published on April 14, 2016
By Iris Barker
Companies & CEOs
The largest in the world coal miner goes bankrupt
The world's largest private coal mining company Peabody Energy has declared itself bankrupt. The company said the decision to seek protection from creditors was made under pressure of unprecedented downturn…
Published on April 13, 2016
By Iris Barker
Companies & CEOs
Boeing offers aircraft to Iran
During a business visit to Iran, representatives of Boeing held the first after the sanctions regime’s change negotiations with the Iranian airlines about a possible sale of commercial airplanes and…
Published on April 12, 2016
By Iris Barker
Companies & CEOs
Daily Mail is considering buying Yahoo!
UK-based Daily Mail & General Trust, which owns the newspaper Daily Mail, showed up among the contenders for the purchase of assets of Yahoo! Inc., according to The Wall Street…
Published on April 11, 2016
By Iris Barker
Companies & CEOs
WhatsApp Encrypts Users Correspondence
WhatsApp messenger’s management announced introduction of encryption for all kinds of information exchanged between its users, be it text or voice messages, photos, videos, files, group chats. This decision was…
Published on April 6, 2016
By Iris Barker
Companies & CEOs
Tesla Celebrates Triumph in Sales
Car sales in the US in March 2016 fell to their lowest since February 2015, that is, 16.57 million, based on the annual rate, according to Autodata Corp. Experts interviewed…
Published on April 4, 2016
By Iris Barker
Companies & CEOs
GlaxoSmithKline To Help Poor Countries
Head of the British pharmaceutical company GlaxoSmithKline Andrew Witty said they will free their medical production from patents in poor countries. The company believes that this will facilitate access to…
Published on April 1, 2016
By Iris Barker
Companies & CEOs
Boeing to Rationalize Its Washington Division
The Boeing Company intends to cut 4.5 thousand jobs by June. The decision should help accelerate implementation of cost reduction programs amid growing competition from Airbus. The layoffs will concern…
Published on March 30, 2016
By Iris Barker
Companies & CEOs
Yamaha Goes Autonomous
Yamaha is actively investing in US start-ups operating in the field of autonomous vehicles. The Japanese believe that it will help them accelerate creation of a motorcycle with elements of…
Published on March 29, 2016
By Iris Barker
Companies & CEOs
South Korean Chaebols Are Preparing for IPOs
In the wake of the South Korean stock market revive, some of the largest family-owned companies are preparing multibillion-dollar IPOs, which could make this year record in terms of raised…
Published on March 28, 2016
By Iris Barker
Companies & CEOs
Playboy Is Looking For a Buyer
The company Playboy Enterprises is looking for a buyer for the world famous men's magazine Playboy. Its cost could reach $ 500 million; most likely, the sale will be organized…
Published on March 25, 2016
By Iris Barker
Companies & CEOs
Android Pay to Conquer Britain
According to the corporation Google, the UK stores will get another mean of payment in the next few months. This is Android Pay payment system, through which users can pay…
Published on March 24, 2016
By Iris Barker
Companies & CEOs
Sharp’s Stocks Went Negative In Front of Possibility of Deal-Breaking
Japanese Sharp’s quotes are falling as investors are staying concerned about the fact that the acquisition of a controlling stake in Sharp by Taiwanese Foxconn may be broken.
Published on March 23, 2016
By Iris Barker
Companies & CEOs
Chinese Got Interested in Danish Bang & Olufsen
The Chinese company Sparkle Roll Group, specializing in sale of luxury goods, is negotiating purchase of the Danish manufacturer of luxury class audio and video Bang & Olufsen. For several…
Published on March 22, 2016
By Iris Barker
Companies & CEOs
Sincerely Yours, Deutsche: The Bank On Which Mr. Trump Can Rely
On Monday, Dow Jones Agency published results of its own investigation, which shows that not only politicians, but also financiers feel very cool about the US presidential candidate Donald Trump.…
Published on March 21, 2016
By Iris Barker
Companies & CEOs
TransCanada To Buy Columbia Pipeline for $ 10.2 Billion
Canadian company TransCanada Corp. reached an agreement to purchase the US Columbia Pipeline Group for $ 10.2 billion, according to TransCanada’s report.
Published on March 18, 2016
By Iris Barker
Companies & CEOs
China’s Richest Businessman Threatens to Cease Investments in the UK
Li Ka-shing, China's richest businessman and Chairman of Hutchison Holdings Board of Directors intends to reduce investment in the British economy if Britain refuses membership in the European Union. It…
Published on March 17, 2016
By Iris Barker
Companies & CEOs
Deutsche Boerse and the London Stock Exchange Agreed on Terms of Merger
This morning, management boards of the Frankfurt and London stock exchanges announced harmonization of the conditions of the two marketplaces’ merger. Shareholders of Deutsche Boerse and the London Stock Exchange…
Published on March 16, 2016
By Iris Barker
Companies & CEOs
VW Got a Sucker Punch: Domestic Investors Sued the Company
German investors have decided to abandon patriotism, and have issued a class action lawsuit and submitted claims totaling $ 3.7 billion to Volkswagen. The plaintiffs are dissatisfied with the fact…
Published on March 15, 2016
By Iris Barker
Companies & CEOs
Italian Eni Company Launched Oil Production in the Arctic
Italian Eni company, together with Norway's Statoil have begun oil production in the Arctic waters of Norway for the first time in the history. Prior to this, developments had been…
Published on March 14, 2016
By Iris Barker
Companies & CEOs
Coca-Cola Halved Payoff to Its CEO
The total amount of corporate payments to Coca-Cola’s head, the company's board chairman Muhtar Kent decreased by 42% at the end of 2015 - from $ 25.2 million to $…
Published on March 11, 2016
By Iris Barker
Companies & CEOs
Amazon Launches Its Own Air Delivery Service
On Wednesday, Amazon online retailer has agreed to lease 20 cargo planes to deliver goods ordered on the company’s website. Thus, the seller laid the foundation for its own service…
Published on March 10, 2016
By Iris Barker
Companies & CEOs
Lockheed Martin Is Losing Defense Contracts and Employees
Division for the production of aviation equipment of military-industrial corporation Lockheed Martin has announced the upcoming reduction of 1 thousand jobs. The program, which will take place on a voluntary…
Published on March 9, 2016
By Iris Barker
Companies & CEOs
The State of Sharapova: How Much The Sports Business Queen May Lose
If advertisers break contracts with the Russian tennis player, Maria Sharapova will find herself in danger of losing tens of millions of dollars of secure income.
Published on March 8, 2016
By Iris Barker
Companies & CEOs
Samsonite Broadens Out Thanks to Tumi Holdings
The world's largest travel luggage manufacturer Samsonite buys Tumi Holdings for $ 1.8 billion. The deal will allow Samsonite to strengthen its presence in the premium segment of the luggage…
Published on March 4, 2016
By Iris Barker
Companies & CEOs
Fiat Chrysler and CIR Holding To Combine Their Media Assets
As Italian Compagnie Industriali Riunite (CIR) and the Fiat Chrysler Automobiles (FCA) reported yesterday in a joint statement, they decided to merge their publishing assets. The merger, which may give…
Published on March 3, 2016
By Iris Barker