Category: Business

IPO valued Lyft at $ 24.3 billion
29. 3. 2019 No Responses

IPO valued Lyft at $ 24.3 billion

The initial public offering (IPO) valued Lyft at $24.3 billion. The pseudo-taxi operator’s shares will start trading on the stock exchange today, and the price of one stock was set at $72 for a large interest at a higher level...
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Ultra-low Cost Airline Wow Air Collapses, Cancels All Flights
28. 3. 2019 No Responses

Ultra-low Cost Airline Wow Air Collapses, Cancels All Flights

Icelandic Wow Air canceled all flights, telling travelers in foreign countries to apply for “emergency rates” at competing airlines and buy tickets again. Furthermore, the airlines said passengers who paid for airline tickets with credit cards or b...
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Saudi Aramco Buying 70% Of SABIC In $70 Billion Cash Deal
27. 3. 2019 No Responses

Saudi Aramco Buying 70% Of SABIC In $70 Billion Cash Deal

Saudi oil giant Saudi Aramco is acquiring a 70% stake in the country’s petrochemcial company Saudi Arabian Basic Industries Corporation (SABIC) from the country’s sovereign wealth fund, Aramco reported on its Twitter account shortly after Bloomberg...
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Airbus Received an Order from China Aviation Supplies for 300 Airliners
26. 3. 2019 No Responses

Airbus Received an Order from China Aviation Supplies for 300 Airliners

China Aviation Supplies ordered at Airbus 290 A320 * and 10 A350 XWB aircrafts. According to catalog prices, the order value is more than $35 billion. The order is larger than originally expected. Typically, for Chinese orders, a large quantity...
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Jim Rickards Warns “Bernanke Painted The FED Into a Corner & It Can’t Get Out”
25. 3. 2019 No Responses

Jim Rickards Warns “Bernanke Painted The FED Into a Corner & It Can’t Get Out”

Four time bestseller writer Jim Rickards says the FED “throwing in the towel” on rate hikes is signaling a big problem for the economy. Rickards says, “The FED was tightening to get ready for the next recession…” “You need to cut...
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Volvo’s Newest Safety Feature
23. 3. 2019 No Responses

Volvo’s Newest Safety Feature

Your New Volvo Will Soon Call The Cops On You If It Thinks You’ve Been Drinking Swedish Volvo has always been synonymous with safety in the automotive branch. Now, the Swedish automaker is taking stunning steps to push the borders...
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Levi Strauss goes public, the IPO valuation is $ 6.6 billion
21. 3. 2019 No Responses

Levi Strauss goes public, the IPO valuation is $ 6.6 billion

Levi Strauss returns to the stock market after 34 years of absence. The clothing seller valued its initial public offering on Wednesday at $17 a share and valued the company at approximately $6.6 billion. This is a higher valuation than...
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Seagate with Nvidia and HP Enterprise are developing AI manufacturing platform
21. 3. 2019 No Responses

Seagate with Nvidia and HP Enterprise are developing AI manufacturing platform

Seagate announces partnership with HP Enterprise (HPE) and Nvidia to Develop Project Athena’s Artificial Intelligence (AI) production platform to reduce Hard Drive (HDD) costs by 20% and Production Processes by 10%. Jeffrey Nygaard, executive vice presid...
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BMW lowered profit estimate, shares tumbled
20. 3. 2019 No Responses

BMW lowered profit estimate, shares tumbled

BMW stock exchanges on European stock exchanges fell by almost 5% to around 72 euros after BMW management pointed to a decline in profits, announcing a € 12 billion savings plan to compensate for any damage caused by trade wars...
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FAA and Boeing 737 MAX Certification Story
19. 3. 2019 No Responses

FAA and Boeing 737 MAX Certification Story

The Seattle Times: Managers of the Federal Aviation Administration (FAA) have put pressure on their engineers to delegate broad responsibility for Boeing 737 MAX safety assessment to Boeing itself. Security engineers who are familiar with the documents have po...
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IBM ramps up (pseudo)crypto cross-border payments
18. 3. 2019 No Responses

IBM ramps up (pseudo)crypto cross-border payments

The cryptocurrency-based cross-border payments competition is cranking up. IBM Corp. said today its Blockchain World Wire initiative, a global payments network for regulated financial institutions, has entered production and will support instantaneous foreign...
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Oil major Shell wants to be the world’s largest electricity provider by 2035
16. 3. 2019 No Responses

Oil major Shell wants to be the world’s largest electricity provider by 2035

Widely nown as Shell, Royal Dutch Shell is one of the biggest oil and gas company in the world. The plans of the British-Dutch giant for the coming years have surprisingly deviated from the current course. “The amount of clean...
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‘Jackscrew’ found at crash site confirms Ethiopian Boeing 737 Max was set to dive
15. 3. 2019 No Responses

‘Jackscrew’ found at crash site confirms Ethiopian Boeing 737 Max was set to dive

A screw-like device found in the wreckage of the Boeing Co. 737 Max 8 has provided investigators with an early clue into what happened: The so-called jackscrew, used to set the trim that raises and lowers the plane’s nose, indicates...
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US markets: New-home sales fell 6.9% in January
15. 3. 2019 No Responses

US markets: New-home sales fell 6.9% in January

Sales of new homes in the U.S. tanked 6.9 % in January, a probable sign that buyers paused during the government shutdown. The Commerce Department said that new homes sold at a seasonally adjusted annual rate of 607,000 in January,...
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Large-size panel global output to grow 12% in 2019
14. 3. 2019 No Responses

Large-size panel global output to grow 12% in 2019

The availability of new LCD and OLED fabs and capacity ramps at existing lines are likely to result in an annual growth about 12% in large-size panels sector in 2019, according to industry sources. A total of four fabs dedicated...
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