CategoryCorporate

IBM and Intel are the biggest market losers

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The American stock exchanges are closed on a rotating Friday. the Dow Jones Index and the S & P 500 decreased due to the pressure of heavyweights like IBM and Intel that both lost. Tech index Nasdaq left a little extra to the Friday market. Technology company IBM was sold out by investors after a quarterly update. Last year’s closing quarter turnover was deeper than what investors took...

AF/KLM waits for spring recovery

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The French airline Air France is still counting on a recovery from the crisis in the spring. The French newspaper La Tribune, Anne Rigail, points out that there is still no need to make adjustments to the flight schedules, and that the stricter measures recently introduced by France have not yet had an impact on the number of bookings. Air France, which is part of Air France-KLM, is suffering...

Philips acquires the IoT medical company Capsule Technologies

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Philips is taking over the US Capsule Technologies. That company makes hospital systems that can monitor the situation of patients. Philips pays $ 635 million for the company and supposes it will be able to benefit from the acquisition with a higher turnover and profit margin this year. On the Capsule system medical equipment from almost all manufacturers can be connected. The data will then be...

COVID-19 and ‘vaccination ID’ dominate the markets

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Investors are particularly monitoring developments around the coronavirus. Later in the week, the transfer of power in the United States is central point of interest. Joe Biden is officially inaugurated on Wednesday as the new president of the United States. The week will continue relatively quiet as Wall Street will remain closed on Monday due to Martin Luther King Day. Investors also assessing...

Stellantis group to be forth-big car manufacturer

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With the completion of the merger with the French automaker PSA, the parent company of Peugeot, Citroën, and the German Opel, the Italian-American Fiat-Chrysler is on Saturday, the fourth manufacturer in the world. The 14 brands of the New Stellantis group account for about 9% of car sales worldwide. Only Volkswagen, the Renault-Nissan-Mitsubishi alliance and Toyota are even bigger. The merger of...

Credit Suisse comes with red figures for Q4 report

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Credit Suisse will close the fourth quarter of 2020 with red figures. The second largest bank in Switzerland said it had to set aside $ 850 million to settle in the United States. That is another blow from the financial crisis and the rumblings of mortgages in the period around 2008. The $ 850 million is much more than the $ 380 million that Credit Suisse had set aside for the matter. The blow is...

Blackstone is continuing NBC Business bank takeover

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The American investor, Blackstone, is continuing its bid to take over the Hague’S NBC Business Bank. As for now, 96.25% of the shares have been notified. According to the parties, all the conditions for a takeover have now been fulfilled. The closing date of the bid is 30 December and the remaining documents can be notified until 11 January. The board of directors and the commissioners are...

Air France comes with the plan to cut jobs at Hop! airline

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Air France will come up with detailed plans for scrapping more than a thousand jobs at low coster Hop! this week, the French newspaper Le Figaro reports. Part of the staff may get new job at the parent company Air France. Air France had already announced almost half the jobs at Hop! in July to be erradicated. They are talking about 1020 out of 2420 jobs. According to Le Figaro, 317 pilots have to...

FedEx made fortune on online deliveries

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FedEx delivery company has more than doubled his profits in the last quarter. Because of the pandemic, many people had to stay at home and physical shops closed the doors. As a result, the number of online purchases increased and couriers from the American company had much more work. For the first time in the second quarter of the year in which FedEx was broken, turnover rose to over USD 20...

ZeroAvia secured the next round of investments

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The developer of hydrogen aircraft ZeroAvia raised $ 21.4 million in a new investment round. Among other things, oil and gas group Shell provided new capital to enable the company to further develop its emission-free aircraft. The largest contribution to the investment round was Bill Gates’ Fund. ZeroAvia develops relatively small hydrogen-powered aircraft, which for the time being are...

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