Dan Loeb, managing director of Third Point hedge fund and best known for making serious bets on the corporate giants of the US and Japan, became interested in Europe this week and. His fund bought a 1.3% stake in Swiss Nestlé for $ 3.5 billion and published a comprehensive appeal calling for a change in the corporation’s business. Loeb belongs to the so-called category of activist investors. He...

2016 was a difficult year for hedge funds. In general, they brought only 5.4% of the profits to customers, which is much lower than the S&P 500 shareholders’ profits ( 11.9%), says eVestment. Low rates and high costs led to the outflow of money from hedge funds: about $ 70 billion was withdrawn in the last year alone. This is the maximum figure since 2009, according to HFR. Nevertheless, not...

The American corporation provided its own service to compare products Google Shopping with illegal benefits. The European Commission fined American Google for € 2.42 billion for abuse of the dominant position in the search market. In particular, the company was fined for granting its own service Google Shopping with illegal benefits. This is stated in a message published on Tuesday, June 27, on...

Japanese company Takata - one of the world's largest manufacturers of airbags for cars - has announced bankruptcy and transfer of business to American company Key Safety Systems, according to a published press release. Takata filed a bankruptcy petition with the Tokyo District Court for protection against creditors. The company’s debt exceeds $ 9 billion. The course of the bankruptcy case will...

The rapid expansion of Amazon into new market sectors - from cloud technologies to robotics - drew attention of many experts. Some have already included this company in the list of "frightening five" along with the ubiquitous Google, Apple, Facebook and Microsoft, and some are just wondering what new industries will the company discover. Last week it became known that the company Amazon is...

Graphics software maker Adobe continues to increase revenue through the digital business. Revenue for the second quarter (ended June 2) in 2017 increased by 27.3% compared to the financial results of the second quarter of 2016 - to a record $ 1.77 billion against $ 1.39 billion. For the three-month period ended June 2, 2017, Adobe's net income rose 53.4% to $ 374.3 million, or 75 cents per share,...

The British Serious Fraud Office today filed charges of fraudulent collusion against Barclays and its former top managers. The management believes that attraction of investments from Qatar, which allowed the bank to avoid nationalization in the midst of the financial crisis, was held with violation of the law. Former CEO of Barclays Plc John Varley, former Executive Chairman of the Board of...

The investment in the new plant will be about one billion euros, the staff will have about 700 employees. Chairman of the Board Robert Bosch GmbH Volkmar Denner says: "The new semiconductor plant is Bosch's largest investment in more than 130 years of the company's history". Dirk Hoheisel, Member of the Board Robert Bosch GmbH comments: "As one of the industrial centers, the Federal State of...

Signing of a $ 350 billion-worth arms trade agreement between Saudi Arabia and the United States may not be sufficient to convince the Saudis that the initial placement (IPO) of the Saudi company Aramco, which is expected to be the largest in the history of the markets, should be held in New York. Saudi Aramco’s leaders are pushing the King of Saudi Arabia and his son, Crown Prince Mohammed bin...