Companies & CEOs
Why is the Twitter sale 'almost dead'? - 10/10/2016
The most probable buyers of Twitter, namely Walt Disney, Salesforce.com and Google, may refuse to sign the deal because of pressure from their investors, Bloomberg writes. Prospective takers of Twitter buyers are losing interest in the deal due to pressure from their investors – Bloomberg quoted sources familiar with the situation. The Agency says that Twitter’s sales is "almost dead" now. The...
Hong Kong's Noble Group waves goodbye to the USA - 10/10/2016
This morning, Hong Kong's Noble Group Limited announced sale of its US energy business unit to US Calpine Corporation. The company’s message says that Noble Americas Energy Solutions goes under the hammer for about $ 1.05 billion. The exact amount, taking into account particular conditions of the transaction, will be specified at the time of its closure, expected to happen in December. Noble...
Ford is closing plants in Australia - 10/07/2016
There are many reasons that led to closure of factories, yet the main of them is a significant rise in cost of production. On Friday, American automaker Ford is closing all of its plants in Australia. This was reported by ABC TV. Last Ford Falcon rolled off the production line at a Broadmeadows plant (Victoria). The XR6 series car will not be sold, but instead put in the factory museum, as it...
Chad court fined Exxon Mobil record $ 74 billion - 10/07/2016
Chad court fined Exxon Mobil $ 74 billion. This amount is equal to a five-year GDP of the African country. According to Bloomberg, court in the Chadian capital N'Djamena granted claim of the Ministry of Finance, which accused Exxon Mobil’s consortium of tax evasion. The court decided that the American company has to pay compensation in the amount of $ 74 billion, with an additional pass $ 819...
British TalkTalk fined a record 400 thousand pounds for failing to prevent cyber attacks - 10/06/2016
British telecommunications company TalkTalk will have to pay a fine of 400 thousand pounds (more than $ 500 thousand) for having failed to prevent cyber-attacks directed against the company in 2015. This decision was announced by The Information Commissioner's Office (ICO). According to Reuters, the regulator believes TalkTalk had to take preventive measures to protect data of its customers....
Samsung buys a startup from Siri's creators - 10/06/2016
South Korean Samsung Corporation agreed to acquire American company Viv Labs, a developer of artificial intelligence programs. Viv Labs is a startup of developers of Siri voice assistant. In 2010, Apple Corporation bought Siri, and has been installing the software on its devices since then. Viv Labs has developed another voice assistant software called Viv, and presented it to the public this...
Air Berlin and TUIfly will merge to create a new airline - 10/05/2016
German airline Air Berlin will take part in negotiations between TUI Group and Etihad (holder of 29.2% share in the Berlin carrier) for possible establishment of a new European air carrier to operate on resort destinations of the continent. Meeting of board of directors is scheduled on 26 October. The managers will be discussing merger of Air Berlin’s Austrian subsidiary NIKI company with TUIfly...
ING Group will lay 7000 people off to save money for tech investments - 10/03/2016
Dutch financial conglomerate ING Groep plans to cut about 7 thousand jobs, and invest heavily in its own digital platform to save about 900 million euros ($ 1 billion) for the year, reports Reuters. The layoffs will affect a little less than 12% of ING’s workforce, which now consists of 52 thousand people. This reduction will be the largest for the company since 2009, when ING had to restructure...
Qualcomm is negotiating purchase of NXP Semiconductors - 09/30/2016
According to The Wall Street Journal, citing sources familiar with the situation, the US chip makers Qualcomm and NXP Semiconductors from Netherlands are negotiating a merger. The deal could be worth $ 30 billion. The negotiations are at an early stage, and NXP Semiconductors could find another buyer. Purchase of NXP Semiconductors could help Qualcomm diversify its business and improve its...
Nissan grumbles at Brexit - 09/30/2016
General Director of Nissan Carlos Ghosn said that the company wants to know conditions of the UK’s secession from the EU. If the parties introduce additional trade surcharges between the UK and the EU, the automaker may claim a compensation from the British authorities. Other automakers are also concerned about uncertainty associated with after-Brexit terms of trade between the UK and the EU....
