GE lost 59% of its profit, cash flow increased
21 July 2017

General Electric Co reported its profit fell by almost 60% as its appliances business segment was sold. However, the cash flow of the company rose, and sales rates were higher than expected. Meanwhile, GE stocks fell. (more…)

ECB keeps policy unchanged
20 July 2017

On Thursday, the European Central Bank (ECB) decided to keep its interest rates unchanged. It will not introduce any new measures on its policy either. Market players expected the central bank to keep its rates at the record low level, but extension of assets purchasing is also highly possible. (more…)

Johnson & Johnson raises profit forecast after Q2 good performance
18 July 2017

Johnson & Johnson informed on Tuesday that it was going to rise its full-year profit forecast. The company also reported about second quarter earnings that were better than expected due to the high demand for new products (such as cancer drug Darzalex). (more…)

Uber and Yandex to unite for Russian and other markets
13 July 2017

Uber and Yandex signed an agreement to combine their businesses in Russia. Yandex has become a leading partner of the mentioned deal. It provides its participants with the extension to five correspondent markets. (more…)

Spotify to sign royalty agreement with Sony
12 July 2017

Spotify company agreed to sign a licensing deal with Sony Music Entertainment, preparing the basis for inclusion of the company in the U.S. stock market listing. (more…)

Oculus cuts price of VR-set to effectively compete with rivals
10 July 2017

Oculus, which is currently owned by Facebook Inc, is going to cut its prices for the hardware. The virtual reality company reacts to industry trends and tries to answer the question: why such a prominent technology for gaming could not become popular among costumers. (more…)

European stocks down after ECB minutes
7 July 2017

Stocks of European companies lowered on Friday, evidently weighted by geopolitical tension on the Korean peninsula and monetary policy tightening in Europe. (more…)

Volvo to start electrification of ICE vehicles in 2019
5 July 2017

Volvo informed on Wednesday that it is going to produce cars with electric or hybrid engines, starting from 2019. The company, which is based in Sweden and Chinese-owned, became the first major automaker that decided to stop producing internal combustion engine vehicles after the defined date. However, models launched before still will be produced with pure combustion-engines. (more…)

Tesla shares up as Model 3 release date clear
3 July 2017

Shares of Tesla Inc moved up by 3% on Monday, after the company announced that Model 3 sedan of the luxury electric-car maker would be delivered for the first 30 customers on July 28. The car has already passed all regulatory requirements two weeks earlier than it was planned. (more…)

Nike to launch pilot cooperation program with Amazon
30 June 2017

Nike Inc informed on Thursday that it is going to start a pilot program in cooperation with and use its website to sell a limited assortment of products. The world’s largest footwear maker and Dow participant recently reported its sales and quarterly profit higher than expected. Its position went up by 8.2% to $57.54 by trade close. (more…)