Companies & CEOs
Baker Hughes cuts loss by 20pp in first half of 2021 - 07/22/2021
US oil services company Baker Hughes posted a net loss attributable to shareholders of $520 million in the first half of the year, down 20 times from a year earlier, the company said. Diluted loss per share was $0.67, compared with a loss of $15.93 per share a year earlier. The company's revenues fell 2.3 per cent from the same period in 2020, to $9.924 billion. The company's second-quarter net...
Mastercard supposedly plans to close Maestro brand - 07/21/2021
The Mastercard payment system has started discussing the closure of the Maestro brand. This is a global closure of the brand, which has been owned by the company for more than 30 years. Market players confirm that talks about it have been going on for several years. The reason behind the closure is that it is too costly to maintain two brands at the same time, and Maestro does not bring in much...
Chinese billionaires are stepping up charitable acts - 07/20/2021
Founders of China's biggest IT companies have stepped up their philanthropic activities amid growing scrutiny from Beijing. They are donating billions in shares of their companies and millions of their own money. Chinese billionaire founders of the biggest technology companies are stepping up their philanthropic efforts amid growing scrutiny from Beijing regulators, Bloomberg reports. For...
Intel to buy chipmaker GlobalFoundries for $30B - 07/19/2021
Intel is in talks to acquire one of the largest specialist chipmakers, GlobalFoundries. The chipmaker is owned by Mubadala Investment, a US-based UAE investment fund. The $30bn deal could be the largest acquisition in Intel's history. Intel Corp. is pondering buying one of the largest chipmakers GlobalFoundries for about $30 billion, sources familiar with the corporation's plans told The Wall...
Nike and Adidas halt sneakers production due to pandemic - 07/16/2021
Taiwanese manufacturer Pou Chen, which makes sneakers for Nike and Adidas, has suspended operations at a factory in Ho Chi Minh city, Vietnam. According to Reuters, the reason was an outbreak of COVID-19 in the country's industrial centr The Vietnamese unit of Pou Chen, the largest employer in the city with 56,000 employees, was unable to provide overnight accommodation for employees at the site....
Zuckerberg is back to selling Facebook shares daily - 07/15/2021
Zuckerberg is back to selling his Facebook shares almost daily after a break of nearly a year. Since November last year, he has sold $2.8bn worth of securities, 90% of which went to charity and $200m went into the billionaire's pocket. Billionaire Mark Zuckerberg has started putting his Facebook shares up for sale almost every business day since November 2020 after a break of almost a year,...
Goldman Sachs first-half net profit rises 9.1 times - 07/14/2021
US banking giant Goldman Sachs Group Inc.'s net profit attributable to shareholders rose 9.1 times year-on-year to $12.058 billion in the first half of 2021, the bank said in a statement. Diluted earnings per share were $33.64 compared to $3.66 a year earlier. The bank's revenue for the reporting period was $33.092 billion, an increase of 1.5 times. Goldman Sachs' net profit attributable to...
Branson's space company shares plunge by almost 13% - 07/13/2021
Virgin Galactic shares plunged almost 13% shortly after trading opened. The day before, the space company successfully sent a full crew into space for the first time and returned to earth. Virgin Galactic then decided to sell $500m worth of shares. Shares in space company Virgin Galactic fell 12.99% after trading opened on the New York Stock Exchange, CNBC data show. The company's securities were...
For Etienne Couëlle, “the public health and economic crises have demonstrated just how resilient Oberthur Fiduciaire is” - 07/09/2021
Having been recently appointed as General Manager of Oberthur Fiduciaire, Etienne Couëlle must deal with a global health crisis that is expected to continue impacting economies around the world. Our discussion with this key player in the global security printing provides insight into a business that is as discreet as it is innovative. What has been the impact of the public health and economic...
US states to sue Google - 07/09/2021
Most US states have decided to sue Google over the company's control of the Android app shop. This was reported by Politico. A total of 36 states - including Utah, North Carolina, Tennessee, New York, Arizona, Colorado, Iowa and Nebraska - as well as Washington, D.C., have joined the proceedings. It is noted that this is the third such lawsuit over alleged antitrust violations by Google....
