CategoryCorporate

Analog Devices is about to acquire Maxim Integrated Products

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Analog Devices is a chipmaker rarely heard by ordinary customer. But the components AD makes are vital for the whole electronic. The company is in talks to acquire the fellow. The American chip company Analog Devices is close to an acquisition of industry colleague Maxim Integrated Products. Insiders reported this to the British business newspaper Financial Times. The takeover, which may already...

BASF reported provisional figures and they are looking disastrous

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The results of the German chemical group BASF fell sharply in the second quarter, due to lower demand for its products from the car industry due to the corona crisis. BASF reported this on the basis of provisional figures. The company also suffered from the drop in oil and gas prices. In the past period, turnover amounted to 12.7 billion euros, compared to 14.5 billion euros a year earlier. That...

COVID-19 happens to be blessing for chipmakers

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Taiwanese semiconductor manufacturer TSMC seems to take full advantage of the additional demand for data due to the corona crisis. People work and stay at home more, which means that more data is consumed. TSMC makes money, among other things, by supplying chips to data centers. The Taiwanese company, a major supplier to tech giants such as Apple and Huawei, released a better-than-expected...

Rabobank gets its own insurance broker

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Rabobank will work as an insurance broker under the name Rabo Assurantie Makelaardij. As of October, the bank is expanding its insurance services for business customers. In the current insurance market, it is becoming increasingly difficult to insure specific sectors and risks, says the financial group. According to Rabobank, many insurers are opting for more standardization and less complexity...

Parcel delivery pushes DHL performance higher

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Deutsche Post DHL performed above expectations in the past quarter due to a sharp rise in demand for parcel delivery. The German logistics and postal giant wants to have its 500,000 employees share in the profit, and gives them a bonus of 300 euros. Operating profit rose 16 percent in the second quarter to around 890 million euros, the company reported on the basis of preliminary figures. Due to...

Uber will take over Postmates today

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Uber Technologies, the company behind meal delivery company Uber Eats, is taking over American Postmates. Bloomberg news agency writes based on sources that Uber pays nearly $ 2.7 billion for the company. The deal may be announced later on Monday. Uber and Postmates declined to comment on the news. Earlier, Postmates thought about an IPO. The company registered its stock market plans early last...

Alitalia is under investigation for non-returnable tickets

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Italian market authority has launched an official investigation into ticket sales and canceled flights at Alitalia. The regulator has received many complaints from customers who, shortly after they booked a flight, were informed that this flight had been canceled. Subsequently the duped travelers received a voucher instead of money back as compensation. The regulator AGCM further points out that...

Unione di Banche Italiane rejected a takeover bid from Intesa Sanpaolo

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Intesa Sanpaolo

Italian bank Unione di Banche Italiane (UBI) has said no to a takeover attempt by industry colleague Intesa Sanpaolo. According to the lender, the takeover bid, which amounts to 4.9 billion euros, is too low and “does not reflect the real value” of UBI. UBI’s shareholders would also have preferred that Intesa Sanpaolo make its offer in cash, rather than in shares. In addition...

Analysts issue a buy signal for Heineken, Pernod Ricard and InBev

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The fact that lockdown measures are being relaxed in various countries is good news for brewers and beverage producers. It is the reason for Berenberg analysts to increase the price target of Heineken, but also that of Pernod Ricard and AB InBev. The researchers are counting on the easing of the lockdown in the second quarter of this year. Further easing is expected to take place in the current...

Pizza Hut and Wendy’s are the latest victims of COVID-19

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Fast food company NPC International, which operates hundreds of Pizza Hut and Wendy’s restaurants, is about to apply for Chapter 11. The large franchisee would have missed an interest payment on outstanding debt and would then have talks with creditors about a bankruptcy filing, according to business newspaper The Wall Street Journal. NPC owns over 1,200 Pizza Hut restaurants and 385...

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