Japanese telecommunications company Softbank Group is organizing a merger of British satellite startup OneWeb, financially supported by Intelsat, one of the world's largest satellite companies. The deal must be approved by Intelsat’s shareholders. Size of the debt of the latter is $ 15 billion, so the company hopes that this merger will somehow help improve its financial position. Softbank's...

Fitbit bought Pebble, manufacturer of smart watch, for $ 23 million, follows from the quarterly financial report, published on 22 February. Earlier media, including Bloomberg, reported that amount of the transaction could reach 40 million. According to The Verge, it is unlikely that amount of the transaction exceeded amount of debt accumulated by Pebble in the past five years. Fitbit’s report...

Net profit of Swiss company Glencore in 2016 increased by 48 percent and amounted to 1.99 billion US dollars. Net debt of Ivan Glasenberg’s company fell 40 percent down to 15.5 billion dollars, which is a billion less than the target level, announced at the beginning of last year. "Since initial public offering in 2011 and subsequent acquisition and integration of Xstrata, Glencore has never been...

From 2009 to 2015, shares of Starbucks have grown by 1170%, but fell by 8% in 2016 without any apparent reason. The company practically has no room to grow, but it keeps outpacing the industry. After fat years of 2009 to 2015, shares of the coffeemaker dropped by 8% in 2016 for no discernible reason. At that, market grew by 10% in total.  A skeptic might point to a slowdown in sales...

Lenovo is creating Lenovo moto, a single brand for its smartphones. The manufacturer is stopping production of brands such as Motorola, and Vibe, announced executive director of Lenovo's mobile division. In 2014, Lenovo bought Motorola Mobility from Google. The deal amounted to $ 2.91 billion. According to Gartner, the combined company is not included in the top five of the world's leading...

European aerospace group Airbus announced that its annual profit for 2016 amounted to € 995 million, which is 63% less than the year before. Such a sharp decline in profits is explained by higher costs of the military transport aircraft A400M programme. For the whole year, the group spent€ 2,2 bln on correcting defects and associated alterations in the programme. As reported in Airbus’...

American food group Kraft Heinz Co withdrew its proposal for a $ 143 billion-worth merger with its larger rival Unilever Plc, causing the market to speculate whether Kraft chose another target. Previously, Kraft unexpectedly proposed Unilever to create a global consumer market giant, but Unilever, producer of Lipton tea and Dove soap, rejected it last Friday. Kraft then has withdrawn its...

If you had invested $ 10 thousand in one of these stocks in May 1986, you would have received at least $ 3.68 million by now. Yet, this does not mean that this train has left the station. Which companies are worthy of attention right now? Any investor dreams to buy stocks of a new Apple or Johnson & Johnson when they are released, and watch the company growing and becoming a leader in its...

Austrian authorities have filed a lawsuit against corporation Airbus and its subsidiary Eurofighter, accusing them of manipulating prices on fighters. Ministry of Defense of Austria ordered Eurofighter aircraft back in 2002. According to the ministry’s representatives, Airbus misled them about price for fighters, their equipment and supply conditions. The Ministry of Defence’s related damage has...