Companies & CEOs
S&P confirms Alibaba's rating at A+ with stable outlook - 12/16/2019
The international rating agency S&P Global Ratings confirmed the issuer rating of the Chinese Internet company Alibaba Group at "A +", the rating outlook is stable, the agency said in a release. "We confirmed Alibaba's rating because we expect the company to remain dominant in China's large and growing e-commerce market. In addition, streamlining the company's costs should stop the recent bearish...
Wall Street analysts downgrade Netflix stock rating - 12/16/2019
Wall Street analysts are skeptical of Netflix's immediate prospects. The company has long been a market leader, but new competitors, namely, Disney + and Apple TV +, are gaining an increasing popularity thanks to the cheap subscriptions. If Netflix does not change its business model, then next year it could lose 4 million users. Recent data on the number of downloads of the Disney + app show that...
Facebook and Google kicked out of the top 10 best US employers - 12/13/2019
Technology giants Facebook and Google are no longer among the top ten US employers according to Glassdoor. Recently, there have been conflicts between employees and management in both companies. Facebook and Google dropped out of the top ten of the annual “best places to work” ranking in the US according to Glassdoor, a job search service. HubSpot, the cloud-technology developer, took first place...
Chevron to leave Canadian LNG project Kitimat - 12/11/2019
The Canadian division of the American oil and gas company Chevron plans to withdraw from Kitimat LNG project in British Columbia, where the company owns 50%, the firm said. Chevron notes that the decision on the LNG project was within optimizing the portfolio of assets aimed at increasing profitability. The company considers the above project to be competitive, but Chevron's investment plans do...
Swedish Ericsson accused of bribing officials around the world - 12/09/2019
The US Securities and Exchange Commission (SEC) accused Swedish Ericsson of participating in a fraudulent scheme that involved the use of fictitious consultants to secretly transfer money to government officials in several countries. According to SEC, in 2011-2017. Ericsson subsidiaries acquired assets of $ 427 million, using front consultants to bribe officials in Saudi Arabia, China and...
Eight steps to reform your company smoothly - 12/06/2019
Attempts to introduce change in organizations most often fail. There are four reasons why people resist change: • Narrow ownership interest, • Misunderstanding and lack of trust, • Different assessment of the situation • Lack of willingness to change. A simple process of eight stages will allow you to effectively manage change. 8 steps to change Step 1. Create a sense...
Glencore shares crash after UK investigation report messages - 12/06/2019
The UK Serious Fraud Office, SFO has announced that it has launched an investigation into one of the world's largest commodity traders. The press service of the Swiss multinational corporation previously reported on the notification. The British agency confirmed the fact of the investigation, noting that it was an investigation into the suspicion of giving bribes “by the Glencore group of...
United Airlines switches from Boeing to Airbus - 12/04/2019
The American airline United Airlines announced that it decided to replace its existing Boeing 757-200s fleet with the Airbus A321XLR. Delivery of already ordered 50 new aircraft should begin in 2024. Boeing is currently unable to supply new mid-range aircraft to compete with the Airbus A321XLR. In addition, its aircraft technology is losing popularity in connection with the scandal associated...
Google founders leave Alphabet - 12/04/2019
Google founders Larry Page and Sergey Brin resigned from their parent company Alphabet, reports AP citing a statement from the company. Google CEO Sundar Pichai will remain at his post and will also become Alphabet CEO. “Today, in 2019, if the company was a man, it would be a young man at the age of 21, and the time has come to leave,” the joint statement of the founders of the corporation reads....
Intel completes sale of its modem business to Apple - 12/03/2019
Intel announced completion of sale of most of its smartphone modem business to Apple. This deal, worth $ 1 billion, was announced in July 2019, following a statement by Qualcomm and Apple to conclude a conciliation agreement. As previously stated, under the agreement, 2,200 Intel employees were transferred to Apple; the latter also received intellectual property, equipment and 17,000 patents for...
