Juul Labs plans to cut about a third of its staff for several reasons, including due to the fact that the manufacturer of electronic cigarettes is facing close attention from regulatory authorities, according to The Wall Street Journal (WSJ). Possible reductions, which will affect 800 to 950 people, are part of a broader restructuring plan and are not related to the coronavirus pandemic, WSJ...

Japanese automaker Nissan Motor Co. may record a net loss for the past financial year for the first time in 11 years against the backdrop of the negative impact of the coronavirus pandemic, the company’s press release said. The company revised its forecast, released in February. The company expected to generate small profits based on the results of the financial year ended March 31, 2020. Now a...

Net profit of the South Korean automobile company Kia Motors in the first quarter of 2020 fell by 2.4 times - to 266 billion Korean won ($216 million), the company said.Net profit of the South Korean automobile company Kia Motors in the first quarter of 2020 fell by 2.4 times - to 266 billion Korean won ($216 million), the company said. At the same time, revenue for the quarter amounted to 14.567...

The American company NASDAQ, which manages a stock exchange of the same name, as well as several European stock exchanges, including Stockholm and Copenhagen, published its first quarter results on Wednesday - its net profit grew by 23%, to $ 251 million. The growth is associated with the activation of exchange trading due to the coronavirus pandemic as the company receives the main income from...

Beyond Meat, a manufacturer of meat substitutes, will begin selling its products at Starbucks coffee chain in China from Wednesday. The company said its products, containing a "vegetable substitute for ground beef," will be available in more than 3.3 thousand coffee houses across the country. In total, there are over 4.3 thousand Starbucks Corp. coffee houses in China, writes The Wall Street...

Coca-Cola reported that its revenue was $ 8.6 billion in the first quarter of this year, which is 1% less than a year earlier. The company's net profit amounted to $ 2.8 billion, which is 65% more than in the same quarter of the previous year. The company noted that in the first two months its revenue grew by 3% (excluding China). However, in March, the company began to feel the effects of the...

Volkswagen Automobile Group has agreed on compensation in the total amount of €620 million to 200 thousand car owners affected by the diesel scandal as part of a pre-trial settlement of a class action lawsuit, the concern said in a press release. The money will be paid starting from May 5. Depending on the model and age of the purchased diesel car, buyers can receive from €1350 to €6250. In the...

The dispute between the watchmakers and the management of Baselworld Salon ended in the most incredible way. The main participants of the Basel watch fair - Rolex and Tudor, Patek Philippe, Chanel, Chopard - chose to break with the organizers and went to the camp of competitors, establishing a new watch fair on the basis of the Geneva Watches & Wonders. Rolex, Patek Philippe, Chanel, Chopard...

Net profit of one of the largest financial corporations in the world Citigroup Inc. decreased by 1.87 times in the first quarter of 2020, up to $ 2.52 billion compared to the same period in 2019, follows from the corporation’s statement. Diluted earnings per share were $ 1.05 versus $ 1.87 a year earlier. According to the results of the reporting period, the revenue of the financial giant grew by...