Companies & CEOs
Tesla Celebrates Triumph in Sales - 04/04/2016
Car sales in the US in March 2016 fell to their lowest since February 2015, that is, 16.57 million, based on the annual rate, according to Autodata Corp. Experts interviewed by Bloomberg had average forecast for sales at the level of 17.3 million in annual terms. At the same time, Tesla received 276 thousand pre-orders for electric car Model 3 just in three days. Three major US automakers - Ford,...
GlaxoSmithKline To Help Poor Countries - 04/01/2016
Head of the British pharmaceutical company GlaxoSmithKline Andrew Witty said they will free their medical production from patents in poor countries. The company believes that this will facilitate access to medicines for their residents, since the decision is basically an allowance for generic manufacturers to produce cheaper analogues of GlaxoSmithKline drugs in these markets. General Director of...
Boeing to Rationalize Its Washington Division - 03/30/2016
The Boeing Company intends to cut 4.5 thousand jobs by June. The decision should help accelerate implementation of cost reduction programs amid growing competition from Airbus. The layoffs will concern mainly the commercial division of the company, not just ordinary employees but also managers and senior representatives. As a result, the total number of Boeing employees will be reduced by 2.8%....
Yamaha Goes Autonomous - 03/29/2016
Yamaha is actively investing in US start-ups operating in the field of autonomous vehicles. The Japanese believe that it will help them accelerate creation of a motorcycle with elements of autonomous control. Previously, the company introduced a concept of Motobot robot, which can drive a motorcycle. Yamaha's Head Hiroyuki Yanagi said in an interview with The Financial Times that his company is...
South Korean Chaebols Are Preparing for IPOs - 03/28/2016
In the wake of the South Korean stock market revive, some of the largest family-owned companies are preparing multibillion-dollar IPOs, which could make this year record in terms of raised funds . Family conglomerates, or chaebols, such as Samsung, Doosan, and Lotte, will hold IPOs to rationalize structures, simplify process of succession and alleviate the debt burden. The amount of funds raised...
Playboy Is Looking For a Buyer - 03/25/2016
The company Playboy Enterprises is looking for a buyer for the world famous men's magazine Playboy. Its cost could reach $ 500 million; most likely, the sale will be organized in auction format. It should be noted that Playboy is not a major source of profit for the company: a large part of the revenue comes from the licensing business. Scott Flanders, CEO of Playboy Enterprises, which produces...
Android Pay to Conquer Britain - 03/24/2016
According to the corporation Google, the UK stores will get another mean of payment in the next few months. This is Android Pay payment system, through which users can pay using Android OS smartphones. Android Pay was launched in September last year and is only working in the US now. With launching Android Pay in the British market, Google is going to compete with another payment system - Apple...
Sharp's Stocks Went Negative In Front of Possibility of Deal-Breaking - 03/23/2016
Japanese Sharp’s quotes are falling as investors are staying concerned about the fact that the acquisition of a controlling stake in Sharp by Taiwanese Foxconn may be broken. At the close of the Tokyo Stock Exchange’s trading sesion on Tuesday, March 22, prices of Sharp’s securities slipped by 6.5%. This is the biggest drop in a week. Investors' concerns are not unfounded. It's been a month...
Chinese Got Interested in Danish Bang & Olufsen - 03/22/2016
The Chinese company Sparkle Roll Group, specializing in sale of luxury goods, is negotiating purchase of the Danish manufacturer of luxury class audio and video Bang & Olufsen. For several years, the latter is reporting with a loss due to a fall in demand for audio and video systems. Possible amount of the transaction and its terms were not disclosed. Today it became known that a Hong Kong...
Sincerely Yours, Deutsche: The Bank On Which Mr. Trump Can Rely - 03/21/2016
On Monday, Dow Jones Agency published results of its own investigation, which shows that not only politicians, but also financiers feel very cool about the US presidential candidate Donald Trump. Nevertheless, there is a bank, on which Mr. Trump could always rely. It is Deutsche Bank, which provided loans of $ 3.5 billion in the long years of cooperation with Donald Trump and associated...
