In February, Levi Strauss & Co, the first company to receive a patent for the production of blue jeans, filed an IPO application. The placement with a preliminary volume of $ 100 million will be held on the NYSE under the ticker LEVI. The mature giant is targeting new markets and niches. The plans include expansion to China, India and Brazil, as well as strengthening positions in the segment...

British reinsurance company Pool Re has announced release of the world's first catastrophe bonds designed exclusively to protect against terrorist attacks. According to the company, three-year bonds of 75 million pounds sterling ($ 99 million) with a coupon of 5.9% are placed through SPV-company Baltic PCC Ltd. Bonds that allow investors to directly insure risks associated with terrorism in the...

Swiss On Monday, pharmaceutical company Roche (Switzerland) announced purchase of manufacturer of gene therapy drugs Spark Therapeutics (USA), according to a press release from Roche. Roche buys American Spark Therapeutics Roche will buy Spark Therapeutics for $ 114.5 per share, with a total value of $ 4.3 billion. The calculation will be in cash: Spark expects to receive $ 500 million of net...

Apple and US investment bank Goldman Sachs plan to jointly issue a credit card, reports The Wall Street Journal, citing sources. Apple and Goldman Sachs Group are planning to issue a joint credit card this spring. The card will open up new functions for iPhone users to manage their finances, The Wall Street Journal writes, citing informed sources. Employees of companies will begin to test the...

One of the world's leading trading and mining companies, the Anglo-Swiss Glencore reported that last year its profit decreased by 41% due to the write-off of the value of a number of African assets. In addition, the company announced imminent limitation of coal production in its fields as part of the efforts of the world community to reduce emissions leading to climate change. The 2018 Glencore...

For the last ten years, Jet Airways has not left the top three largest airlines in India, and last year it wa the first in terms of passenger traffic. 24% of Jet shares are owned by Etihad Airways PJSC. The company controls 13.9% of the billion-strong Indian civilian air transport market and is considered one of the fastest growing in the world. However, Jet Airways (JA) is now having hard times....

Warren Buffett continues to delay launch of a dividend payout program for Berkshire Hathaway. But there is no doubt that the legendary investor loves dividends. In his letter to shareholders, Buffett noted that over the past year, Berkshire has received a tremendous amount of payments in the amount of $ 3.7 billion. Most companies in which the Oracle of Omaha invests pay dividends. Below are...

Indian Oil Corp., India's largest refiner, has signed its first annual contract for the supply of American oil, Reuters reported. The company will buy an average of 60 thousand barrels per day totaling $ 1.5 billion during the year until March 2020. The seller is the Norwegian Equinor. Previously Indian Oil Corp. bought American oil only on the spot market. Last year, the company acquired 6...

Contrary to popular belief, American “superstar companies” have not become larger and more productive over the past 60 years, and since 2000 their contribution to overall productivity growth has decreased by almost 40%, the National Bureau of Economic Research Bureau (NBER) said in a report. Bureau analysts suggest that the reasons for this may be a decrease in competition due to the influence of...