Companies & CEOs
Tesla buys Maxwell Technologies for $ 218 mln - 02/05/2019
US Tesla bought Maxwell Technologies, acompany that produces ultracapacitors, batteries and other components. The price amounted to $ 200 mln, and the board of directors of Maxwell approved the deal unanimously. The transaction is expected to be fifnished in the middle of this year. Information about the transaction has already led to an increase in Maxwell Technologies' quotations on the stock...
Nissan to stop production of X-Trail in the UK - 02/04/2019
Japanese automaker Nissan Motor Co. abandoned plans for production of SUVs X-Trail at a factory in the UK, pointing out at uncertainty around Brexit, Bloomberg reports. "We understand that this will be a disappointment for our British team and partners," said Gianluca De Ficchy, head of the European division of Nissan on Sunday. “Although we made this decision for business reasons, the...
Alibaba's profit in Q3 exceeds expectations - 01/31/2019
Chinese Internet giant Alibaba Group Hodling Ltd has significantly increased its net profit and revenue in the third fiscal quarter. The company’s profits exceeded forecasts, but revenues did not meet expectations. According to a press release from Alibaba, net profit in October-December 2018 increased by 37%, to 33.05 billion yuan ($ 4.81 billion) compared to 24.07 billion yuan a year earlier....
Wonderbox shaping the European gift box market - 01/29/2019
The French gift box leader is pursuing its expansion, with a new strategy of its own. After years of organic development, Wonderbox has been acquiring competitors in Europe to fuel its growth further. At the heart of the new strategy, which has succeeded in securing the very existence of a market which was nascent just years ago, lies the concept of “mutual growth”. At the turn of the century,...
Analysts: Intel will increase dividend yield - 01/29/2019
Intel’s revenue grew by 9% to $ 18.7 billion in the fourth quarter due to the growing demand for chips from companies providing cloud services and personal computers, but it was lower than the forecast value of $ 19.01 billion. Net profit was $ 5.2 billion compared with a loss a year earlier. Adjusted EPS rose to $ 1.28 per share and exceeded expectations - $ 1.22. However, analysts expect a...
Top 10 companies with the largest R&D investments - 01/24/2019
The European Commission named the 100 companies that invest the most in R&D activities. The report notes that all 2,500 companies whose data were studied in the course of the research spent € 736.4 billion on research and development in the 2017-2018 fiscal year, which is 8.3% more than in the 2016/2017 fiscal year. These companies include 778 firms from the USA, 577 - from the European...
UBS returns to net profit in Q4 - 01/22/2019
UBS AG, the largest bank in Switzerland, received a net profit of $ 696 million in the fourth quarter of 2018, compared with a loss of $ 2.42 billion a year earlier. Analysts assumed that the bank had completed the reporting period with a profit of $ 729 million, according to Reuters. At the same time, the operating profit of UBS decreased in October — December by 3.3% yoy to $ 6.97 billion....
PwC: Top managers are not sure about bright future of global economy - 01/22/2019
Almost 30% of business executives believe that there will be a slowdown in global economic growth over the next 12 months. This opinion is held by almost six times more respondents than last year (5%), which represents a record jump in pessimism. This is one of the main results of the 22nd PwC 21st Annual Global CEO Survey, which this time was attended by more than 1,300 people from all regions...
Amazon’s new video streaming service Freedive: Is it any different from others? - 01/21/2019
IMDb website announced launch of its streaming service. TV shows, IMDb videos and Hollywood movies are now available to Freedive users from the United States. The fastest growing segment of streaming content is video, accompanied by a certain number of advertisements (AVOD, advertising video on demand). The number of people who are increasingly refusing traditional TV services continues to...
Apple restricts hiring new employees - 01/18/2019
Apple will hire less employees due to low sales of the iPhone, reports Bloomberg, citing sources familiar with the situation. This news was reported to company employees by Tim Cook, the company’s CEO, at a closed meeting. When asked whether Apple would completely stop hiring workers due to the current economic situation, Cook assured that he does not consider this the right solution to the...
