Companies & CEOs
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...
Commercial UAVs market reaches $4 bln - 12/02/2019
Unlike many other technologies, the drone market is deploying faster than previously expected, and it is about the commercial use of devices. They are used in various fields and even wider than it was anticipated several years ago. Now manufacturers have to adapt to the ever-growing list of possible ways to use drones. Commercial UAVs are increasingly moving from the project stage to the actual...
Samsung to help Intel meet demand for processors - 11/29/2019
The South Korean electronic giant agreed to release processors commissioned by Intel. Samsung Electronics has agreed to ship Intel central processing units for computers to help solve the shortage. Earlier, Intel faced technological problems. Trying to master the standards of 10 nm, the manufacturer was unable to establish serial production of processors using new technology. At the same time,...
