One of the biggest producers of food and beverages in the world, Nestle SA, of Switzerland, reported that its sales increased by 9% to 69.132 billion Swiss francs (about $69.4 billion) in the first three quarters of this year compared to the same period in 2016. Growth in organic sales was 8.5%. While this was happening, sales in North America increased 11% to 19 billion Swiss francs ($19...

Lockheed Martin, a U.S. military-industrial conglomerate, announced on Tuesday that it intends to increase production of weapons "necessary to defend the United States and its allies" The list includes the Javelin man-portable air defense systems and the HIMARS multiple-launch rocket systems provided to Ukraine. According to Lockheed Martin Chief Executive James D. Taiclet, "We are investing in...

An industry leader in asset management and securities services, Bank of New York Mellon Financial Corp. (BNY Mellon), reported that its shareholders' share of net income declined by 32% to $1.853 billion in the first three quarters of the year. After $3.14 in January through September of last year, diluted earnings per common share were $2.28 this year. Earnings of BNY Mellon increased by 4.56%...

According to The Times, BMW may shift Mini electric vehicle manufacture from the UK to China. BMW wants to relocate the production of its Mini electric vehicles from the UK to China, reports The Times. At that, the corporation itself refuted The Times' claims regarding the shift of production. The newspaper claims that BMW builds 40,000 Mini electric vehicles annually at its plant in Cowley,...

ByteDance, the owner of TikTok, reportedly has ambitions to develop and include a short video streaming platform into its Resso music streaming business. In order to compete with international streaming services like Spotify, the Chinese business ByteDance, which owns the TikTok platform, has started discussions with major record labels about establishing its own music streaming service, Resso,...

Bittrex, a cryptocurrency exchange, has been fined by the Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department for violating the sanctions imposed on Russia, Iran, Sudan, and Syria. Between March 2014 and December 2017, Bittrex failed to halt virtual currency transactions for customers in the Crimea, Cuba, Iran, Sudan, and Syria, according to OFAC. These moves are accessed to...

The main Polish gasoline and energy corporations, PGNiG and Orlen, received shareholder approval for the merger, according to the TVN news station. "PGNiG shareholders voted on Monday in support of the company's merger with Orlen," the message reads. In late September, Orlen shareholders approved the merger with PGNiG. 4,959,494,443 PGNiG shareholders voted in favor of the merger with Orlen,...

San Francisco jury found Joe Sullivan, the former head of security at Uber, guilty of hindering investigations and hiding a crime against his business that was committed by third parties. In question are Uber's 2016 cyber attack and the U.S. Federal Trade Commission's subsequent investigation of the event. Attorneys for Mr. Sullivan claim that when an unidentified hacker approached them and...

On Monday, October 3, Vodafone Group revealed that it has started discussing a possible merger with Three UK, a nearby rival. The fourth-largest cellular provider in the United Kingdom is Three UK (9.3 million customers). CK Hutchison Holdings, a Hong Kong multinational, owns the business. In the case of a merger, Vodafone would hold 51% of the new company's share capital, while CK Hutchinson...