Companies & CEOs

A private fund The Platinum Whisky Investment Fund, established in June 2014 in Hong Kong, is preparing to pay first dividend, said the fund’s CEO Rickesh Kishnani

2015 annual accounts of one of the largest suppliers of raw materials - Glencore – showed up the weakest for the company since it became public. Net loss triggered by…

Today it was announced that Sharp Corporation of Japan accepted a purchase proposal from the Taiwanese company Foxconn. The deal amounted to $ 6.25 billion. In connection with the current…

The company Abu Dhabi Financial Group, which acquired the headquarters building of the Metropolitan Police known as Scotland Yard in 2014, has received permission for the demolition of the object.…

A former trader of JP Morgan Chase & Co. Bruno Michel Iksil, known as "London whale," broke a four-year silence and said he was not guilty of the bank’s multibillion-dollar…

Norwegian oil and gas Statoil established an investment fund for financing renewable energy projects, according to the company’s statement. Until 2022, Statoil expects to invest in green energy to $…

The European Commission will examine a report accusing the Swedish retailer IKEA of evasion of at least 1 billion euros for the 2009-14 tax years. This reported Reuters, citing a…

Uber taxi service agreed to pay $ 28.5 million to participants in two class actions filed against the company in connection with introduction of its special "Commission for a safe…

Today, the leading French bank Societe Generale has reported on its performance in the fourth quarter of 2015 and for the entire 2015. Total income of the bank grew in…

Norwegian company Opera Software, the developer and owner of the Opera web browser, has received a purchase offer worth $ 1.2 billion from Chinese investors. The Norwegians hope that the…

Taiwanese contract manufacturer Foxconn Electronics intends to conclude an agreement with Sharp to buy its Japanese vendor until the end of this February. The company managed to reach a preliminary…

US multinational corporations such as Google, Facebook and Amazon, will be required to disclose data about their incomes earned in the European Union (EU) and their income tax payments as…

Federal Court for the Eastern District of Texas in the United States found Apple guilty of violating VirnetX company’s patents, and ordered to pay $ 625.6 million, according to AppleInsider,…

Yahoo! has unveiled disappointing results for the fourth quarter and full 2015. These gloomy news was followed by announcement sale of a number of non-core assets, reduction of 15%, and…

American pharmaceutical company Abbott Laboratories announced purchase of a $ 5.8 billion company Alere. The deal will allow the world’s one of the largest pharmaceutical companies to strengthen its position…

Brand Finance estimated that "Star Wars" brand is worth around $ 10 billion, according to the website of the consulting company.

Yesterday, the largest Internet provider in Indonesia, PT Telkom Indonesia, blocked access to the American video service Netflix. The provider explains the blocking by absence of the license, but analysts…

Shareholders of Anglo-Dutch oil company Royal Dutch Shell Plc voted in favor of the merger with the British gas company BG Group Plc. The transaction was supported by holders of…

The funds accumulated in the accounts of Twitter would be enough to operate the company for more than 400 years, according to USA Today, citing the assessment of S&P Capital…

The American group has decided to cease its activities in the territory of Japan and Indonesia. Ford’s management has found these markets unprofitable and unpromising.

Apple announced creation of the first European development center for iOS applications in Italy in order to provide students the opportunity to gain practical skills in developing applications for mobile…

Microsoft CEO Satya Nadella announced that cloud services worth $ 1 billion will be provided free of charge to non-governmental organizations, universities and laboratories within three years.

Today, the British-Dutch oil and gas company Royal Dutch Shell has published its preliminary results for the fourth quarter and for the entire 2015. The company estimates that quarterly profit…

Petronas is forced to cut spending by $ 11.4 billion. The Malaysian state oil company had to work out new savings plans when quotes for Brent crude fell below $…

Cuban authorities were allowed to register the trademark of the famous rum brand Havana Club in the US market. Before, Cuba has been in a long-standing dispute with the private…

The company General Electric (GE) plans to sell its household goods division to Qingdao Haier Co Ltd for $ 5.4 billion, reported the press service of GE. It is expected…

McDonalds Corporation is going to face serious troubles in Europe, since three consumer groups in Italy have filed an antitrust lawsuit in the EU, claiming that the fast-food chain uses…

Yesterday, the US subsidiary of the Qatari TV channel Al Jazeera - Al Jazeera America - announced its intention to stop broadcasting because of difficult business conditions in the US…

The Chinese company Dalian Wanda Group has acquired the Hollywood film studio Legendary Entertainment for $ 3.5 billion, reports AP. It is noted that the chairman of the conglomerate Wang…

The first trial in the case of fraudulent interbank rate started in the UK. Eleven former employees of Deutsche Bank, Barclays and Societe Generale are brought before the court in…

Saudi Arabia is considering possibility of an initial public offering of the state oil company Saudi Arabian Oil Co. (Aramco). The decision may be taken in the coming months.

Apple is going to curtail output of new iPhone models at 30% in the first quarter of this year due to the downturn in sales, reported Nikkei newspaper. This announcement…

The Japanese brewer Asahi plans to buy Talking Rain Beverage, the American carbonated beverage manufacturer, the newspaper Nikkei reports, citing informed sources.

Chinese antitrust regulators fined eight companies engaged in maritime transport, totaling 407 million yuan ($ 63 million), accusing them of conspiring to cartel overcharges for transportation of vehicles and heavy…

The outgoing year was not fruitful in regard to high-tech companies’ IPOs. However, some players have managed to attract Wall Street’s attention and held initial publics very well.

Enterprise Products, a company from Texas, became the first American company to sign a contract on oil exports after the abolition of the 40 years old ban. In early January,…

According to Bloomberg, state of Mexican billionaire Carlos Slim has decreased by almost $ 20 billion from the beginning of 2015. This is the biggest loss in the ranking of…

Apple has signed a cooperation agreement with UnionPay, the largest in China payment system, within the planned launch Apple Pay in China in 2016. The agreements were signed with 15…

Federal Court of Australia decided to remove some types of painkillers "Nurofen" from pharmacy shelves, accusing the British manufacturer Reckitt Benckiser of misleading consumers.

The UK government is concerned about the prolonged crisis in which Rolls-Royce Holdings PLC has landed. Now, the authorities are considering several options to save the company. One of them…

Facebook began testing a new professional version of its social network, having already attracted more than 300 companies. In the future, Facebook plans to introduce paid subscription on certain services,…

Today, the German carmaker Volkswagen has announced preliminary results of the internal investigation conducted into the scandal with understating emissions of diesel engines. According to the company’s CEO Matthias Mueller,…

One of the largest hotel operators in the world, the French Accor Hotels Group, announced purchase of the three premium hotel brands - Fairmont, Raffles and Swissotel – worth in…

The two largest US chemical manufacturer Dow Chemical and DuPont are in talks about a possible merger. If the deal goes through, the market will get a new player with…

Today it became known about a possible merger of the American company Newell Rubbermaid (owner of the brand Parker) with Jarden Corp. (a number of well-known sports brands, including K2,…

The European Commission is ready to soften their demands on the share of foreign investors in the European airlines in exchange for tighter controls on state subsidies. This should allow…

South Korea's financial regulator (Financial Services Commission) opened an investigation into the Samsung Group senior officials on suspicion of insider trading.

Pinewood Studios’ operating profit for the first six months of this year increased from 2.5 million to 7 million pounds ($ 3.77 million and $ 10.6 million respectively) compared with…

The Boston Consulting Group (BCG) has introduced another top 50 most innovative companies in the world. More than half of the companies included in the rating are residents of the…

AB InBev brewing company intends to get rid of its two well-known beer brands - Dutch Grolsch and Italian Peroni. By doing this, AB InBev is going to seek the…