Companies & CEOs
EY: US banks are increasing profits much faster than European banks - 10/02/2017
The profit of the top ten US banks increased by 19 percent in the first half of 2017. The same figure for the banks of the EU climbed up just by 5 percent, Ernst & Young reported. According to British consulting company Ernst & Young (EY), large US banks increase the gap from European competitors in terms of profit. According to the results of the first half of 2017, the 10 largest...
BlackBerry’s new strategy bears fruit as the revenue goes up - 09/29/2017
BlackBerry’s quarterly results exceeded the forecasted figures. In addition, the company improved its annual revenue forecast against the background of record sales of the software division, writes Reuters. Canadian company BlackBerry, which last year stopped selling its own smartphones, focusing on the sale of software, reported a quarterly profit of $ 0.05 per share compared to breakeven a year...
Uber’s unceasing fight - 09/29/2017
The strategy "Move fast and break the order of things" seems to be failing. This is an unofficial motto of successful technological start-ups and status quo infringers such as Uber Technologies Inc., which are rapidly moving forward to occupy market share, win customers and drive potential competitors away. Uber and other companies have shown that sometimes the existing rules, perhaps the laws,...
Deal for the sale of Toshiba Memory is signed - 09/28/2017
Toshiba Corporation officially announced conclusion of a deal to sell its semiconductor business to a consortium of companies led by investment fund Bain Capital, Yonhap agency reports. The deal value amounts to about 2 trillion yen (about $ 18 billion). In the spring of this year, Toshiba’s shareholders voted to allocate a division for the production of NAND memory chips to an independent...
M&A transfer 70% of hi-tech companies into other sectors - 09/28/2017
Experts from Boston Consulting Group analyzed activity in the global M&A (mergers and acquisitions) market and found out that approximately 70% of technology companies were bought by corporations working in non-technological sectors in 2016. At the same time, the hi-tech sphere once again became the main driver of the growth of the global M&A market, just like in 1999 and 2007. Now, the industry...
Google finds a way to avoid EC’s huge fine - 09/27/2017
Google Corporation will allocate its online shopping service Google Shopping to a separate unit to comply with requirements of the European Commission and to avoid a serious penalty due to the dominant position in the European market. This is reported by Bloomberg. The new unit will operate in Europe separately from Google, with out-of-pocket cost of advertising. In this case, Google Shopping...
France gives the nod to Alstom-Siemens merger - 09/27/2017
The French government supported the plan to strengthen the position of the national industry through cooperation with companies from Germany. Paris has given its approval to a deal to merge French Alstom with railway division of German Siemens. Currently, France owns about 20% of the machine-building company Alstom. If the division of the German concern Siemens Mobility is merged with the French...
Failed sales of iPhone 8 hit Apple and its suppliers - 09/26/2017
American corporation Apple lost more than $ 56 billion of market capitalization. Taiwanese, South Korean and Chinese component manufacturers also suffered tangible losses after it turned out that the world sales of the new smartphone were weak. The lower demand for iPhone 8 smartphones resulted in serious financial losses for both the company itself and its foreign suppliers. According to...
The Japanese government earns $ 11.6 bln on Japan Post Holdings Co. - 09/25/2017
The Japanese government raised about 1.3 trillion yen ($ 11.6 billion) by selling a stake in Japan Post Holdings Co. and having completed the largest in this century public offering of shares of one company in the country, reports Bloomberg. The shares were sold to Japanese and foreign investors at a price of 1,322 yen per share, which is 2% below the closing price on Monday. Earlier, the...
NVIDIA or AMD: Investor's choice - 09/21/2017
The battle for excellence in the GPU (graphics processor) segment between Advanced Micro Devices and NVIDIA is becoming fiercer with each quarter. In 2016, AMD seized a significant market share from NVIDIA, and the offensive is going on in 2017. The latest data on market shares, collected by Jon Peddie Research, show that AMD manages to maintain its advantage, reports Motley Fool. In the second...
