Companies & CEOs
DI, French leader of asbestos removal and decontamination - 08/03/2020
As environmental and anti-pollution standards tightened, in all countries across Europe and America, finding specialists who are able to address all projects has become more important than ever. If industrial and sanitary norms are not met, projects can come to a standstill or even require catastrophic deconstruction. In order to address this rising complexity, French leader DI has focused on all...
Microsoft confirms intention to buy stake in TikTok - 08/03/2020
Microsoft is considering acquiring a stake in the Chinese TikTok app. Earlier, the media reported about the company's interest with reference to sources. “Microsoft will move into negotiations with TikTok owner ByteDance in the next few weeks, and in any case will complete them by no later than September 15, 2020. Throughout this process, Microsoft looks forward to continuing dialogue with the US...
NBC reports sharp decline in ad revenue during COVID-19 pandemic - 08/03/2020
Cancellation of the sporting event and the postponement of the Tokyo Olympics, which was due to open in late July have had an extremely negative impact on the performance of the contract with the International Olympic Committee (IOC) for its broadcast on the US television company NBC. Its ad revenues for the second quarter of this year fell by almost a third. NBCUniversal reported the fall in...
US Congress sharply criticizes high-tech giants - 07/31/2020
On Wednesday night, executives from Google, Amazon, Facebook (FB) and Apple spoke to the US Congress via video link. Congressmen criticized the top managers for the dominant position of their companies in the market, which could hinder competition and emergence of new promising players. The CEOs are in denial about this, but lawmakers are very determined. According to experts, the highest risks...
Weapons manufacturer Remington files for bankruptcy - 07/30/2020
American weapons manufacturer Remington Arms Co. filed for bankruptcy, unable to cope with the debt burden, despite the fact that demand for weapons in the United States has grown significantly amid the riots. The company has filed for bankruptcy under Article 11 of the U.S. Bankruptcy Code and will try to sell the business. This is Remington's second bankruptcy since 2018, when the company also...
VW owners in US receive $9.8B as Dieselgate compensation - 07/29/2020
US owners of Volkswagen cars have received more than $ 9.8 billion in compensations for damages for the manipulation of data on the content of harmful substances in the exhaust gas of diesel cars of the German company, the US Federal Trade Commission (FTC) said. According to the commission, more than 86% of car owners preferred that VW bought their cars, or terminated the lease ahead of schedule,...
AstraZeneca pays up to $6B to jointly develop cancer drug with Daiichi Sankyo - 07/28/2020
British AstraZeneca Plc and Japanese Daiichi Sankyo Co. agreed to jointly develop the drug DS-1062. The medicine is considered very promising for the fight against a number of oncological diseases. As follows from the statement of the companies, AstraZeneca will pay $ 1 billion for the possibility of developing and testing the drug and up to $ 5 billion - after receiving the result and all the...
Alibaba founder summoned to Indian court over fired employee's lawsuit - 07/27/2020
A court in India has summoned Alibaba founder Jack Ma to a hearing. The lawsuit was filed by a former employee of the UC Web subsidiary Pushpendra Singh Parmar. He claims he was unfairly fired after he drew attention to the publication of fakes in Alibaba-owned apps, Reuters reports. The ex-UC Web employee claims that the UC Browser and UC News apps were spitting false news "to cause social and...
Facebook offers $650M to settle facial recognition lawsuit in USA - 07/24/2020
Facebook has increased the court deal to $ 650 million to settle a class action lawsuit against Illinois residents over the use of facial recognition technology, Bloomberg reported. Back in January, Facebook executives agreed to pay only $ 550 million. The District Court in San Francisco has expressed doubts about the adequacy of this amount. On Thursday, Judge James Donato said during a video...
Twitter ends second quarter with $ 1.23B loss - 07/24/2020
Despite the quarantine and a 12% increase in daily users, Twitter's top financials were negative in the last quarter. According to the company's report, its revenue in the second quarter of the year was $ 683 million, which is 19% lower than last year. Analysts surveyed by FactSet expected to see this figure at $ 702 million. The company itself explains such a significant reduction by falling ad...
