Boeing Aviation Corporation cut off shipments of its 737 MAX airliners after their flights were banned in the United States. Previously, almost all countries of the world refused to use the aircraft, and a number of states closed their airspace for this model, sources in the company said. The bans were caused by a plane crash in Ethiopia, when 157 people died, and the earlier accident in...

Uber’s competitor Lyft has released a statement that describes particulars of its work for potential buyers of shares. What have we learned about the company? Lyft, Uber's American rival, is nearing IPO. Meanwhile, the company has revealed the IPO filing, a multi-page document explaining essence of the business and its main indicators for potential investors. Now it is possible to dive into...

Hotel chain Marriott International estimated the initial loss rate as a result of a massive data breach. In particular, the profit and loss report states that a large-scale data breach cost the company $ 28 million last year. However, insurance payments covered most of this amount, that is, about $ 25 million. Recall that on November 30, 2018, Marriott said that hackers managed to crack the...

The Canadian Department of Justice has officially launched the extradition process of Huawei’s financial director Meng Wanzhou, who was detained on suspicion of violating anti-Iranian sanctions. The Office also issued permission for further judicial action against the businesswoman. Date of appearance in court on extradition in the United States is scheduled for March 6. The meeting will be held...

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...