The South Korean authorities’ decision to host the US missile defense system THAAD has negatively affected the country’s largest carmaker Hyundai Motor. The company's sales fell immediately by 14% in China, which extremely negative reacted on such military cooperation between the US and South Korea. On Wednesday, Hyundai Motor reported receiving a net profit of $ 1.2 billion. This result turned...

Italian airline Alitalia is in the red, and it looks like the carrier does not have a chance to be rehabilitated. The company’s employees refused to support a rescue plan coordinated by the leadership and the trade unions. Now the national Italian air carrier can be sold in parts if the management fails to find a single buyer is not found for all the company's assets. Alitalia acknowledged that...

Today, Toshiba Corporation confirmed previously announced reorganization plans to transform the company’s four business lines into separate companies. This decision, as Toshiba's management hopes, will help keep the business seriously affected by the problems of its US subsidiary Westinghouse Electric. Toshiba spoke about a possible division of business in March, and today the company’s...

A group of investors from Australian bank Macquarie Group and the Universities Superannuation Scheme Foundation paid the British government 2.3 billion pounds ($ 3 billion) for Green Investment Bank, said Macquarie in a report. The deal ended after a difficult reconciliation process. A number of members of the British Parliament opposed the privatization of the bank, which manages assets of more...

German company Axel Springer, publishes newspapers Die Welt and Bild, acquired a stake in Uber Technologies. It is not reported how much the publisher has invested, but, according to the statements of Axel Springer, the share is minimal. This is not the group's first investment in technology companies: the company already bought a stake in Airbnb in 2012. German media concern Axel Springer, which...

Legendary investor Warren Buffett is going to sell houses to Chinese upper-class. His HomeServices, which deals with real estate brokerage, "expands its global reach by attracting wealthy Chinese citizens to buying homes in the US". April 17, HomeServices announced conclusion of an advertising agreement with website Juwai.com, the monthly audience of about 2 million unique users. Thus,...

American biotech company Theranos agreed not to carry out laboratory blood tests for two years in exchange for a smaller fine from the healthcare sector regulation authorities, Reuters reports. Under the agreement’s terms, Theranos blood testing labs will be shut down for 2 years, and the fine imposed on the company by the Medicare and Medicaid Service Centers (CMS) will be reduced to $ 30,000....

Famous British manufacturer of ready-to-eat breakfast cereals and cereal products Weetabix will be purchased by US company Post Holdings for $ 1.76 billion. To date, Weetabix, founded in the UK in 1932, has royal permission and enjoys great popularity among the British, belonged to Chinese state-owned company Bright Food. The Chinese acquired 60% in Weetabix in 2012. Within this transaction, the...

International taxi service Uber recorded an adjusted loss of $ 2.8 billion in 2016 with revenue of $ 6.5 billion. The company, which shares do not circulate on the open market, published financial indicators for the first time without reporting data for the previous year. At the same time, Uber reported a 74% increase in revenue, up to $ 2.9 billion, in the fourth quarter compared to the previous...