Last year, Volkswagen found itself in the center of a scandal. The US authorities found out that the carmaker forged results of tests one emissions of harmful gases into the atmosphere. The investigation is gradually resulting in withdrawal of thousands of cars made by the German company, huge fines and a series of lawsuits from consumers. Now, the scandal has slightly faded, but still did not...

French Ministry of Finance has launched a process to return of € 2,2 billion of tax incentives, with which the government has provided Societe Generale bank, due to loss from actions of the institution’s former trader Jerome Kerviel. Les Echos writes this, citing sources. According to the publication, Tax Administration of the Republic intends to return either the entire amount granted to the...

Siemens announced a deal to acquire American company Mentor Graphics, specializes in development of software and electronics for electronic design automation. According to a proposal already approved by Mentor Graphics’ Board of Directors, Siemens is willing to pay $ 37.25 for each share of the US company, which is 21% higher than value of its securities at November 11, 2016. Thus, total value of...

Yahoo! is afraid that sale of the company’s core business to Verizon Communications for $ 4.8 billion is at risk due to data on 500 million users stolen back in 2014, according to Business Insider, with reference to a report filed by the Securities and Exchange Commission (SEC). In addition, Yahoo! announced that it has received 23 lawsuits in connection with the data leakage. The document states...

According to Reuters, Anheuser-Busch InBev has received six preliminary bids for some of its beer brands, totaling over € 5 billion. Among the buyers are listed several large breweries and private equity funds. Belgian company Anheuser-Busch InBev has completed the first round of applications for purchase some of its beer brands sold under the merger deal with British SABMiller. Namely,...

British retail chain Marks & Spencer announced plans to close 30 stores in the UK, and other 53 - abroad. This decision is associated with attempts to restore position of the company, which share price fell by 22%, and operating profit was down by 18.6%. New head of M&S Steve Rowe noted that the retailer plans to focus on food sector, rather than on the problematic divisions of clothing and...

According to The Wall Street Journal, General Electric corporation (GE) is negotiating with the world’s third-largest oilfield services company Baker Hughes to unite it with its oil and gas business. Experts believe that after merger will allow GE to allocate this division into a separate company. GE itself acknowledged talks with Baker Hughes, but said that it will be not a direct purchase. On...

Snapchat messenger plans to raise $ 4 billion during IPO, which should take place in the next year. According to Bloomberg’s sources, total value of the company, which recently changed its name to Snap, is estimated at $ 25-35 billion. Some say the value could even reach $ 40 billion. It is expected that the company will apply for IPO in the first quarter of next year, probably in March. So far,...

Today, European Airbus Group reported on results of its operations for the third quarter and first nine months of the year. Quarterly profit fell by 21% to € 731 million. The company explained this by the fact that timing of main supply of aircraft fall to a later period. Above other reasons are mentioned decrease in production of A330 model, a moderate rise in costs and a transitional period in...