Companies & CEOs
Future IPOs urge Snap, Airbnb and Uber to step up activities - 12/20/2016
Frequent talks of possible IPOs are forcing technology startups Uber, Snap and Airbnb to turn their attention to potential investors. The companies are now trying to convince financiers in reliability of their long-term programs for development and investment. The startups are launching side projects and organize conferences to prove that their multi-billion dollar estimated value is not an empty...
BP acquired Mauritania and Senegal assets for $ 900 million - 12/19/2016
BP PLC is investing nearly $ 1 billion in a massive gas field off the coast of northwestern Africa. This suggests that major oil and gas companies continue to look for opportunities to increase production against the background of recovery after serious collapse in the oil and gas market. Under the agreement with Kosmos Energy Ltd., which is engaged in exploration, in the coming years BP will...
Creative Cloud boosted Adobe's revenue - 12/16/2016
Adobe Systems Inc. company, specializes in software development, reported a better-than-expected quarterly earnings thanks to increased demand for cloud service Creative Cloud, including Photoshop, Illustrator, and InDesign. Revenue of a unit, which develops Creative Cloud, rose by 33 percent to $ 886 million. Average regular income from sale of paid subscriptions amounted to $ 4.01 billion...
Verizon loses trust in Yahoo - 12/16/2016
Verizon telecommunications company, intends to acquire operating business of Internet Corporation Yahoo, may lower the offer’s price, or even abandon the deal, Bloomberg reported citing a source familiar with the situation. According to the publication, the new doubts have been caused by information about hacking 1 billion Yahoo’s users accounts. As explained by the source, part of Verizon...
21st Century Fox offered $ 14.8 billion for Sky UK - 12/15/2016
Transnational media holding, controlled by Murdoch family, offered £ 10.75 per Sky’s share to shareholders. Total price of the transaction may amount to £ 11.7 billion ($ 14.8 billion). Media holding Twenty-First Century Fox Inc. (21st Century Fox) announced an agreement with management of the British Sky television. Under the deal, 21st Century Fox, which already owns 39.1% stake in the Sky,...
GE keeps scaling back to boost profitability - 12/15/2016
General Electric (GE) company plans to gain $ 4 billion through sale of its two industrial units, and is going to achieve a cost reduction of $ 1 billion. The company is taking these steps within a programme of increasing profitability by reducing volume of activity. The two divisions, sale of which was announced during a presentation to financial analysts are Industrial Solutions, which provides...
Goldman Sachs to appoint David Solomon, Harvey Schwartz in Gary Cohn's stead - 12/14/2016
US investment bank Goldman Sachs Group Inc, is expected to appoint David Solomon and Harvey Schwartz top aides to Chief Executive Lloyd Blankfein. According to The Wall Street Journal’s sources, names of Solomon and Schwartz, appointment of whom may be announce as early as Wednesday, emerged after US President-elect Donald Trump promised to invite President and Managing Director of Goldman Sachs...
Honda Motor invested in GrabTaxi - 12/14/2016
Honda Motor invested in Singapore taxi service GrabTaxi Holdings. The latter may these funds to compete with Uber growing in Southeast Asia. Volume of the Japanese automaker’s investment has not been disclosed. The deal with Honda took place less than two weeks after GrabTaxi announced cooperation with the largest Japanese car leasing company Tokyo Century. In September, Grab raised $ 750 million...
Asahi to buy Pilsner Urquell and Kozel for € 7.3 billion - 12/13/2016
Japanese brewer Asahi Holdings is going to buy a number of Eastern European beer brands from Anheuser-Busch InBev (AB InBev) Belgian company. Asahi announced this in today’s release. The acquisition price is ¥ 900 billion (€ 7.3 billion). The Japanese company acquires Czech producer of beer Plzensky Prazdroj, Polish Kompania Piwowarska, as well as Romanian Ursus, Slovak Topvar and Hungarian...
The Financial Times: BP has problems with internal security system - 12/13/2016
The Financial Times obtained BP’s report on internal audit security, carried out last year. It states that, despite earlier disaster in the Gulf of Mexico and adopted program to improve safety measures, the company is still not paying enough attention to control important technical information. In recent years, such inattention resulted in several incidents that could lead to death of people....
