Companies & CEOs
India's second largest airline is on the verge of bankruptcy - 02/21/2019
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....
3 companies from Warren Buffett’s portfolio that are worth attention - 02/20/2019
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. concludes first annual deal to import American oil - 02/19/2019
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...
NBER: Economic activities of US mega-companies have not grown in 60 years - 02/19/2019
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...
Jean-Charles Naouri, from big bets to winning moves - 02/14/2019
Being an industry leader requires a host of qualities: Patience. A deep understanding of the industry and of financial markets. The ability to weather a crisis. But the most important quality? Being a visionary strategist. Casino Group CEO and Chairman Jean-Charles Naouri has these attributes in spades. It would have been perfectly acceptable, and accepted, for Jean-Charles Naouri to remain in...
Lufthansa sues its passenger, accuses him of cheating - 02/14/2019
One of the largest airlines in the world, Lufthansa, demands monetary compensation from a passenger who in April 2016 used a common method to reduce the cost of air travel without flying to the end of the connecting route, but remained in the transfer city. The airline insists that this practice is a violation of the contract of carriage, and demands a compensation of € 2,112. The way to save on...
Airbus stops producing the largest passenger airliner since 2021 - 02/14/2019
The European Airbus concern stops production of the A380 airliner since 2021. The decision was made due to lower demand for the aircraft by Emirates and the lack of interest in them from other carriers. In the next two years, the airline should transfer the remaining 14 aircraft and close the program, however, leaving the maintenance. At the same time, in the general order book of Airbus, which...
Nissan worsened forecast for the year because of Carlos Ghosn case - 02/12/2019
In 2018, the Japanese automaker Nissan Motor Co. turned out in the center of a major scandal in connection with the arrest of one of the most famous top managers of the global automotive industry, Carlos Ghosn, increased its operating profit and revenue in the third fiscal quarter, but reduced its net profit. The company has worsened forecasts for the entire financial year, ending in March....
Is it worth investing in Alphabet? - 02/11/2019
Despite Alphabet’s good reporting, investors are worried about the company's rising spending. Although the firm surpassed Wall Street's expectations for profits and revenues, the combination of rising costs and falling advertising prices caused shares of the corporation to fall by more than 2% on the day the results were published. Investors fear that rising costs and falling prices will...
Volvo hits sales record - 02/08/2019
The Swedish company Volvo Cars announced results of 2018: car sales rose to a record in the company's history. "Net revenue increased significantly by 21% and amounted to 252.7 billion Swedish kronor, which was the result of the best sales in the history of the company in the amount of 642,253 cars, which is 12.4% more than in 2017," the company said in a press-release. Operating profit grew by...
