European air giant Airbus Group today reported that it will merge with its airline division which is engaged in construction of aircrafts. The company intends to get rid of bureaucracy, simplify the brand and abandon the inconvenient corporate scheme. These methods will allow to prepare for competition more qualitatively.
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Yesterday's events in the stock market for Deutsche Bank became a real shock. The cost of the bank's stocks fell by 7.5%. Due to the market excitements about financial status, it has been achieved a minimum of 1983. Deutsche Bank has already managed to deny the information that it requested help of of Berlin, in order to reduce the amount of financial claims from the US regulator, but Germany refused.
Swedish company Ericsson, which produces telecommunications equipment, is going to close its latest facilities in Sweden and dismiss more than 3 thousand of employees to cut costs. Two months ago, Ericsson announced that it will continue to reduce costs on the background of difficult market conditions. In 2014, the corporation has launched a program of costs reduction by $1.1 billion.
Oracle Corporation, the largest software manufacturer for organizations and the second in the US software developer, said that it expects quarterly profit below the analysts' forecasts. Weakness of traditional software sales was stronger than the growth of cloud division. First quarter of the fiscal year, which ended on August 31 showed that the total profitability of cloud services has increased by 59% to $969 million.
South Korean company Samsung Electronics on Monday lost $14 billion on markets sentiments that losses of the company because of smartphones Galaxy Note 7 reviews will be more serious than expected. Last week, the US Federal Aviation Administration has banned useage of Galaxy Note 7 smartphone on board the aircraft, as there is a danger of ignition the smartphone while recharging.
A single space communication operator based on the corporation "Gonets" will be put into operation by the end of 2017. This was stated by Nicholas Testoyedov, chairman of the JSC "Information Satellite Systems" named after Academician Reshetnev.
Apple Inc. may soon pay a large fine. It was accused of illegally receiving support and tax violations in Ireland, according to Euronews. According to some sources close to the dossier, Dublin provided a very favorable tax conditions to Apple in exchange for an increase of new jobs in country.
Signet Jeweler, the world's largest supplier of jewelery, in the second fiscal quarter of 2017 (end of the quarter - July 30, 2016) reduced the total sales over this year by 2.6%, to $ 1.4 billion, announced the company on Thursday.
Chinese company Lenovo Group Ltd. is one of the world's largest personal computer and component producers. During the first fiscal quarter the company showed net profit growth by 64%. Press release of the company informs that Lenovo's net profit was $173 million for the period of April-June.
Rating agency Fitch Ratings says that the exit of Great Britain from the European Union could have a negative impact on housing market in the long term. However, according to Fitch's press release, it will not lead to a deep reduction of Great Britain's sovereign rating.