The Australian Competition and Consumer Commission (ACCC) filed a lawsuit against Sony Interactive Entertainment Europe due to the fact that the company refused to return money to customers for malfunctioning video games for the Sony PlayStation console. The ACCC report states that Sony has provided false information to Australian customers on its website and on the PlayStation online store....

Norway's largest pension fund KLP will refuse to invest in companies that receive more than 5% of the proceeds from gambling and the sale of alcoholic beverages. The fund manages assets of about $ 80 billion, including pension savings of state civil servants. KLP intends to sell so-called "sinful shares" in the amount of about $ 320 million, reports The Financial Times. Among the 90 companies...

Chinese Internet giant Alibaba Group Holding Ltd is considering a possibility of raising $ 20 billion through placement of shares in Hong Kong after a record IPO in New York held in 2014. It is reported by Bloomberg, citing informed sources. According to them, Alibaba is working with financial advisors, discussing possible terms of placement. The company may apply for an IPO in Hong Kong...

Renault SA and Fiat Chrysler Automobiles NV shares jumped on Monday after the Italian-American automotive corporation FCA proposed a merger with the French Renault. The deal can create the third largest automaker in the world in terms of production. Fiat shares gained about 19% at the start of trading in Milan, while Renault shares rose by 16%. Fiat said the merged business would be 50% owned...

The NASDAQ exchange operator has withdrawn its offer to buy Oslo Børs VPS Holding ASA, the Oslo Stock Exchange operator, the company said in a press release. The NASDAQ offered 158 NOK ($ 18.2) per share for the company, but it failed to enlist support of a sufficient number of shareholders. Oslo Børs is also being eyed by the operator of the Euronext stock exchanges, which also evaluates its...

Net profit of the American company HP Inc. decreased twice in annual terms to $ 1,585 billion in the first half of the 2018-2019 fiscal year ended on April 30. Diluted earnings per share were $ 1.02 versus $ 1.81 a year earlier. Revenues for the year increased by 0.8% to $ 28.746 billion Net income in the second quarter of the fiscal year declined by 26% to $ 782 million compared to the first...

Apple, Dell Technologies, Kingston Technology and Seagate are planning to sell their shares in Toshiba Memory chip maker, The Wall Street Journal (WSJ) reports, citing sources familiar with the situation. In 2017, Toshiba Memory was bought by a consortium led by investment giant Bain for 2 trillion yen ($ 18 billion). However, Toshiba still has 40.2% of the shares, giving the right to vote. The...

Craig Irwin, analyst at Roth Capital Partners, said that Apple wanted to buy Tesla electric car maker at $ 240 per share in 2013. The deal eventually did not take place, and the papers of the company now cost less than $ 200. Back in 2013, Apple seriously considered the possibility of buying Tesla and offered a price of $ 240 per share, Roth Capital Partners analyst Craig Irwin told on CNBC....

Since the beginning of the year, Tesla Motors shares have already lost about 40% of their value, but Morgan Stanley believes that the worst may be ahead. According to a revised assessment, the automaker's papers could fall in price to $ 10 apiece within unfavorable scenarios. Previously, bank analysts thought it was possible for them to drop to $ 97. Morgan Stanley reduced the outlook for Tesla...