Companies & CEOs
The First Homegrown Chinese Jet - 11/02/2015
Commercial Aircraft Corp. (Comac) has introduced C919 aircraft - the first Chinese commercial airliner, able to operate flights on the middle distance. The manufacturer expects the machine will be able to compete with Boeing 737 and Airbus A320. The company has already received orders from 21client to supply 517 aircraft. Chinese state aerospace company Commercial Aircraft Corp. (Comac) presented...
Visa to Finally Seal the Deal with Visa Europe - 10/30/2015
According to sources familiar with the situation, in the near future the US payment system Visa Inc. will buy Visa Europe, acting on the European market. The deal, which can be announced next Monday, is estimated at $ 22 billion. The world's largest payment system, American Visa Inc., will purchase its former subsidiary Visa Europe Ltd. American media reported this on Thursday, citing sources...
Arctic Deprived Shell of Profit - 10/29/2015
The Anglo-Dutch Royal Dutch Shell reported for the third quarter of 2015. The company ended up with a net loss of $ 6.1 billion. This was the result of the oil giant’s failure on several projects, including the Arctic shelf of Alaska and Canada. Royal Dutch Shell has published a financial report for the third quarter of 2015, which was much worse than analysts' expectations. According to the...
Viagra Plus Botox: Pfizer Is in Talks to Merge with Allergan - 10/29/2015
Pharmaceutical companies Pfizer and Allergan are in talks about a possible merger. If the deal is agreed, its volume could reach $ 300 billion - it will be the largest merger this year, and the world's largest pharmaceutical company, formed as a result. As newspaper Financial Times writes, the American pharmaceutical company Pfizer, which in 2014 tried unsuccessfully to acquire AstraZeneca's for...
New York Authorities Are Skeptical That the Advertised Speed of the Internet is True - 10/27/2015
The prosecutor's office in New York demanded three leading telecommunications companies in the country to prove that the claimed speed of the Internet and data correspond to reality. The authorities have questions to the companies Verizon, Time Warner Cable and Cablevision. As stated in letters to providers, revealed yesterday, the prosecutor's office is suspecting that the companies’ users get...
Toshiba is Launching a Big Sale... Of Their Business - 10/26/2015
Japanese Toshiba sells its business for the production of image sensors to Sony, Bloomberg reported, citing its own sources. The acquisition price is $ 164.68 million. This decision was taken due to the company carrying out a major restructuring of the company. Experts note that Toshiba can completely withdraw from the market production of sensor technology, focusing on the more profitable...
Dorsey is Investing in Workforce - 10/23/2015
Founder and CEO of Twitter Jack Dorsey announced the transfer of a third of his stake in the company to their employees. The statement was made one week after Dorsey announced the start of a difficult operation for drawing the company out from stagnation. - I’m giving about 1/3 of my Twitter shares (1% of the company) to our pool of shares for employees, to invest directly in people", - Mr....
Sorry, We Ran Out of... Lego? - 10/22/2015
It looks like some children will not receive their Christmas and New Year’s gifts. Not because they didn’t behave themselves – just one of the largest toy manufacturers in the world, the Danish company Lego, admitted it cannot cope with the flow of orders coming before the winter holidays. As a company spokesman told Reuters, Lego factories are operating at full capacity, but it is not enough:...
170% in two days. Planned or Improvised? - 10/22/2015
Almost everyone wants to get rich quickly, especially if engaged in trade in the financial markets. One can spend years, not having caught the right trend, yet there are individuals lucky enough, who manage to get rich in a few days. The examples are around us. Such an incident has occurred just this week. Stocks of a little-known company, which is also in a deep crisis, have suddenly shot up....
Once Again, Nestlé Failed to Reach the Sales Target - 10/19/2015
Nestle, the world's largest company for the production of food and beverages, has reduced the forecast on sales growth for the current year due to the slowdown in the Chinese economy and the ban on its Maggi noodles in India, which occurred to be more painful than expected. It is the third year in a row when Nestlé has not reached its long-term growth targets of 5-6% per year (the so-called...
