Companies & CEOs
De Beers to pay top dollar to advertise diamonds - 08/30/2017
Diamond giant De Beers decided to spend a record for the past 10 years amount on advertising diamonds in an attempt to return wealthy buyers. According to Anglo American Plc, De Beers' marketing budget will be increased to $ 140 million, the largest amount since 2008. The main attention will be paid to the three main markets - the USA, China and India. Recently, diamonds have gradually ceased to...
What is the secret a company with total revenue of 2630%? - 08/30/2017
Are you interested in shares whose dividends grew 61 times since the IPO in 2001? Who overwhelmed all the market forecasts? It is unlikely that any of the investors will say "thank you, do not", after hearing about such a proposal. The mentioned company is called Magellan Midstream Partners, and it does not work in any of the fastest growing industries. Magellan seems to be an ordinary pipeline...
Autopilot is undermining Tesla - 08/29/2017
Tesla's goal to create its own unmanned vehicle has become a serious problem for the company. Leaders are leaving Elon Musk’s team, and there is growing discontent among the engineers and developers. Almost a year ago, Elon Musk announced commencement of research and developing of an unmanned vehicle. Experts were shocked, given that it was Tesla with Autopilot system that was the first of such...
Uber to choose Expedia's Dara Khosrowshahi as a new head - 08/28/2017
According to Recode and The New York Times, which are referring to their own sources in Uber, last weekend the board of directors of the mobile taxi service decided on a candidate for the post of head of the company. They should become Dara Khosrowshahi, who now heads Expedia travel agency. Last weekend, the situation that has been going on for almost two months with the search for a new CEO for...
Apple will create data centers in Iowa in exchange for tax breaks of $ 208 million - 08/25/2017
Apple will build two data centers in the state of Iowa and, in return, will be exempted from paying taxes in the amount of $ 208 million. The project’s total cost will amount to $ 1.4 billion, AP reported on Thursday referring to the director of the Department of Economic Development of Iowa, Debi Durham. According to her, Apple promised to create 50 new jobs in the city of Des Moines (Iowa) and...
Ryanair joins the battle to purchase Air Berlin - 08/24/2017
Irish low-cost air carrier Ryanair has grandiose plans for the future. The airline is interested in taking part in a tender to purchase German Air Berlin recently declared bankrupt. According to the chief executive officer of Ryanair Michael O'Leary, the company has not yet made a final decision on this issue. First, the carrier wants to access the financial statements of Air Berlin. Ryanair is...
Four ways to invest in alternative energy - 08/23/2017
Despite the explosive growth in investments in alternative energy in recent years, it is not too late to buy shares of "green" energy companies. Here are four prospective contenders for a place in the portfolio of a long-term investor. First Solar First Solar is leading the solar panels production. The market mostly offers solar panels based on crystalline silicon, but First Solar’s thin-film...
Reliance, BP can start an energy storage business - 08/22/2017
Reliance Industries Ltd., owned by India's richest man Mukesh Ambani, is considering entering the energy storage business in partnership with BP Plc. to expand its presence in the growing renewable energy industry in the country, Bloomberg reported citing two sources familiar with the situation. According to the agency's interlocutors, the companies are considering a plan for creating energy...
French Total to buy Maersk Oil for $ 7.45 bln - 08/21/2017
French oil and gas company Total is buying Maersk Oil & Gas company, which is a subdivision of the Danish Moller-Maersk. The issue price will be $ 7.45 billion. Total will take on Maersk Oil's debt obligations of $ 2.5 billion. The deal is scheduled to be closed in the first quarter of next year. Preliminary approval of the relevant regulatory bodies is required. Purchase of Maersk Oil will...
Air Berlin launches bankruptcy procedure - 08/15/2017
German airline Air Berlin announced start of the bankruptcy procedure. This is stated in the concern’s message. The company will continue to carry out regular flights, and the German government will provide a loan of € 150 million for the period of restructuring. The company noted that all tickets purchased by passengers on airline flights remain valid. "The reserved tickets remain valid,...
