Companies & CEOs
Apple forks out nearly $200Mln for AI startup - 01/16/2020
The American corporation Apple bought Xnor technology company for almost $ 200 million, the Financial Times (FT) newspaper reported, citing sources. Xnor is a startup specializing in launching artificial intelligence (AI) systems for smart devices that can work offline and access cloud data. According to the newspaper sources, Amazon, Microsoft and Intel also bid for the startup. Apple’s proposal...
Toyota recalls nearly 700,000 cars in USA - 01/14/2020
Toyota announced recall of approximately 696 thousand Toyota and Lexus cars in the United States due to possible malfunctions in the operation of the fuel pump, Fox News reports. As the company explained, the pump may stop working in these cars, and then the engines will start to work intermittently, warning messages will appear on the dashboard, and the car may suddenly stop. Such stops create a...
Tesla stock exceed $500 apiece for the first time - 01/14/2020
Value of stocks of electric car manufacturer Tesla exceeded $ 500 apiece during Monday trading on the NASDAQ, Forbes reports citing the exchange data. One paper of the company was worth $ 517.44. The price exceeded $ 500 for the first time. The company's shares have been growing mainly since the end of October, during which time they have doubled in price. Last week, the company became...
Saudi Aramco brings placement volume to $ 29.4B - 01/13/2020
Saudi state-owned company Saudi Aramco announced that it has fully implemented the option for an additional floatation of 450 million shares provided by the IPO’s conditions. The kingdom government will receive an additional $ 3.8 billion from this, and the total placement will reach a record $ 29.4 billion. In December 2019, Saudi Aramco placed 3 billion shares on the Saudi Tadawul exchange, or...
Apple hits record high thanks to China - 01/10/2020
According to CNBC estimates, which used government data published by the Chinese Academy of Information and Communication Technology, sales of Apple products in China last December grew by more than 18%. The data shows that in December 2019, Apple delivered 3.2 million devices to China. A year earlier, in the last month of 2018, the volume of deliveries was 2.7 million. China is a key region for...
Carlos Ghosn: "I ran from injustice" - 01/09/2020
Former Head of Nissan Motor Co. Carlos Ghosn said he had fled Japan to save himself from "political persecution," accusing Japanese prosecutors and top executives of Nissan of conspiring against him. Ghosn spoke at a press conference in Beirut on Wednesday, calling himself a victim of the unfair Japanese system. "I did not run from justice. I ran from injustice and political persecution," he...
Tesla increases electric vehicles deliveries by 50% in 2019 - 01/08/2020
In the fourth quarter, American Tesla Inc increased deliveries to dealers to 112 thousand electric vehicles compared with 97 thousand in the previous three months and 104.891 thousand for the same period in 2018. In the fourth quarter, American Tesla Inc increased deliveries to dealers to 112 thousand electric vehicles compared with 97 thousand in the previous three months and 104.891 thousand...
Japan Display discusses sale of its factory to Apple and Sharp - 12/27/2019
Japan Display Inc is discussing sale of its main smartphones display factory to Apple Inc and Sharp Corp for 70-80 billion yen ($ 730-820 million), according to Nikkei Asian Review.Japan Display Inc is discussing sale of its main smartphones display factory to Apple Inc and Sharp Corp for 70-80 billion yen ($ 730-820 million), according to Nikkei Asian Review. This month, the cash-strapped...
U.S. oilfield companies face big challenge in Permian basin - 12/26/2019
American oil producers faced a problem in the main American oil and gas field, the Permian basin. Local oil production is falling down, and the amount of associated gas is growing. Already now, companies have to either pay to get rid of it, or simply burn it. The main US shale field, the Permian Basin, is producing increasingly more gas, while oil production, on the contrary, is falling. This is...
Adam Neumann's wealth may skyrocket after WeWork's IPO - 12/25/2019
Adam Neumann, the founder of WeWork’s coworking network, left the company in the fall, receiving a “severance pay” of almost $ 1.7 billion. This amount could be even bigger if the start-up experiencing serious problems was still allowed to hold an IPO. Wealth of Adam Neumann, WeWork’s founder who left the startup, can grow by hundreds of millions of dollars if the company conducts an IPO, writes...
