Companies & CEOs
McDonald's opened its restaurant in one of the most dangerous cities in the world - 05/02/2016
Fast food restaurants chain McDonald's has opened the first joint in the Pakistani city of Quetta, which has a population known for its sympathy for the terrorist group "Taliban". The restaurant’s menu is Halal. Dishes such as McMuffin (sandwich with egg and cutlet) are still present, but the recipe uses chicken instead pork meat. On average, a set, which includes a McArabia hamburger (sandwich...
Abbott Laboratories to buy St. Jude Medical - 04/29/2016
On Thursday it became known that the American pharmaceutical company Abbott Laboratories is going to buy manufacturer of medical devices St. Jude Medical for $ 25 billion. The transaction will create one of the world’s leaders in the market of devices for the diagnosis and treatment of diseases of the cardiovascular system. Also today, the French Sanofi made a bid for $ 9.3 billion to the...
The world's largest pension fund lost $ 10 billion - 04/28/2016
Pension Fund of Norway showed a negative return for the third time this year, having lost $ 10 billion in the first quarter. Taking into account the krone’s fall and the authorities’ intervention, fund has lost almost $ 50 billion. The world's largest sovereign wealth fund - the Norwegian Government Pension Fund - returned to the damages in the first quarter of 2016 – this follows from the...
French Total and Norwegian Statoil adapted to low oil prices - 04/27/2016
Today, two major European oil and gas companies - France's Total and Norway's Statoil - reported their first quarter results. They occurred much better than analysts' forecasts. Observers note that the companies were able to adapt to the low oil prices by reducing costs and increasing operational efficiency. Statoil’s statement showed that net income was $ 122 million, while analysts surveyed by...
Hershey`s takes on protein bars - 04/26/2016
The largest US manufacturer of chocolate bars Hershey`s goes a healthy lifestyle along with the recent trend noticed among Americans and entire world. The company is going to start releasing meat-based and vegetarian protein bars. The largest US manufacturer of chocolate bars The Hershey Company will take care of people maintaining a healthy diet. Having caught the recent trend of Americans’...
Apple Watch beat the first iPhone's sales record - 04/25/2016
Analysts estimated that 12 million Apple Watch units have been sold worldwide during the past year. Thus, the "smart watch" by the Cupertino’s company came out twice as successful as the first iPhone, which sales in the debut year reached only 6 million copies. Apple Watch were twice as successful as the first iPhone. Sunday, April 24 was a little jubilee for the gadget. Now it’s exactly a year...
Apple blocked iBooks and iTunes in China - 04/22/2016
Apple closed its services for downloading books and movies iBooks and iTunes Movies in China. The decision was made after the company received a request from the Chinese authorities. Their decision was taken within implementation of new rules governing the internet publications and enhancing online censorship in China. American Technology Corporation Apple last week terminated its services iBooks...
Volkswagen agreed on compensation in the US - 04/21/2016
German carmaker Volkswagen AG and the US government reached a friendly settlement of the "Dieselgate" scandal. Company will pay buyers of its cars in the US $ 5 thousand per owner as compensation for damage, according to Die Welt citing sources familiar with the situation. "Regardless of this amount, Volkswagen will have to pay for revision (of software - Ed.) in each car" - said one of the...
Mitsubishi Motors market cap fell by 15% after another engine scandal - 04/20/2016
This morning, the Japanese manufacturer Mitsubishi Motors vehicles announced that its compact cars have not passed the test for fuel economy. The market reacted with the immediate fall of the company's shares by 15%, resulting in market cap loss of $ 1.2 billion for Mitsubishi Motors. The sixth-largest Japanese automaker Mitsubishi Motors announced that some compact models of the company could...
A group of refugees from Syria was shot dead by Turkish border guards - 04/20/2016
Eight Syrians, including women and children, were killed by Turkish border guards in the attempt to illegally cross the border. It is reported by The Times. The incident took place on April 17. A group of several people were moving along the route, which is usually used by the smugglers. Turkish border guards opened fire with intent to kill which caused death of eight people and injuries of...
