Companies & CEOs
Bombardier to hold a sale - 10/17/2017
Bloomberg reports that Bombardier’s management is now looking for investors ready to buy back part of the company's assets. According to sources, the case in hand is Bombardier Q400 and CRJ regional planes. The Canadian manufacturer is forced to sell the assets to cover the costs associated with the possible introduction by the US administration of a 300% duty on Bombardier CSeries aircraft. The...
Experts calculate the market value of SpaceX - 10/13/2017
Elon Musk founded SpaceX in 2002 with the ambitious goal to colonize Mars someday. Yet, traveling to the Red Planet is still far away, so now the company develops reusable missiles and is currently trying to improve their safe landing. Meanwhile, its value is growing rapidly. SpaceX is a private company, unlike Tesla, which entered the stock exchange in 2010 and is now estimated at about $ 59.3...
Munich prosecutor's office to charge Airbus with bribery - 10/09/2017
German magazine Der Spiegel reports that the prosecutor's office in Munich is preparing a charge against European aircraft company Airbus. The company may be accused in using the system of "black cash registers" and alleged bribes, the newspaper said, citing unnamed sources. Using corruption schemes, the concern managed to sell aircraft to a number of countries in 2016, including Kazakhstan,...
Amazon to launch its own delivery system - 10/06/2017
The world’s largest online retailer, Amazon.com, is testing its own delivery service, which may become a serious competitor to FedEx and UPS. The American company plans to reduce the time for free delivery for many products to two days. In addition, Amazon.com will be able to unload overcrowded warehouses, Bloomberg reports with reference to the company’s sources. The American online retailer...
Siemens to get rid of Osram - 10/05/2017
Siemens is getting rid of all shares of high-tech German lighting manufacturer Osram. The remaining stake of 17.5% (18 million shares) will be sold to investors for 1.2 billion euros, Der Spiegel reports. "We chose the right date to sell the rest of the company's shares, and now Osram is on its own," said a representative of Siemens. High-tech German lighting company Osram was a subsidiary of...
North Korea-US tension brings profit for American defense companies - 10/05/2017
The committees of the US Congress on Defense approved allocation of more than $ 400 million to strengthen the country's anti-missile defense in connection with the increased threat from North Korea. Among the companies that will receive part of these funds are Boeing, Raytheon, Orbital ATK. Speaking in the Senate yesterday at a hearing on Afghanistan, US Defense Secretary Jim Mattis said that...
Analysts reduce forecast for Snap’s advertising revenue by another $ 130 million - 10/04/2017
It is expected that the advertising revenue of Snap in the US in 2017 will decrease by $ 127.5 million compared with earlier forecasts. This is reported by eMarketer. Analysts lowered this forecast from 770 million dollars to 642.5 million, noting that many marketers still consider Snapchat to be an "experimental channel" for advertising. The forecast has been falling for the second time: it...
Ford to cut spending on sedans and internal combustion engines - 10/04/2017
Automotive concern Ford Motor Co plans to cut spending by $ 14 billion in the next five years, said company CEO Jim Hackett. According to Hackett, the automaker will switch the focus of capital investments from sedans and internal combustion engines to the development of trucks, electric cars and hybrid cars. As part of the cost reduction, the company intends to save $ 10 billion on material...
Bankruptcy of UK Monarch Airlines may affect 110 thousand British tourists - 10/03/2017
Yesterday, British travel company Monarch Airlines announced its bankruptcy, which has become the biggest crash among British airlines in recent years. The company’s problems can affect the 110 thousand British tourists who are now at various resorts. The government is already taking measures to return people. The bankruptcy of Monarch Airlines has already become the third bankruptcy of the...
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...
