CategoryCorporate

Harley-Davidson is cruising in the sea of green numbers

H

In the second quarter of 2021, in contrast to last year, Harley-Davidson wrote green figures again and did better than expected. This was apparent on Wednesday from the results of the American manufacturer of motorcycles. Over the second quarter, net income rose from $ 92.22 million negative to $ 206.3 million positive, or an adjusted $ 1.41 per share. The forecast was $ 1.21. Sales at Harley...

Harassment, Abuse and Humiliation: Israeli PBC is in hot bath after Haaretz findings

H

Current and former employees at Kan tell Haaretz that they face a hostile work environment, including retribution for complaining. Employees at the Israel Public Broadcasting Corporation Kan regularly face abuse, humiliation and insults by managers, and incidents of sexual harassment have gone unpunished, according to dozens of testimonies collected by Haaretz. Matan Drori, the head of Kan...

ASML chip machine maker reports a strong quarter

A

ASML has issued a very strong quarterly update. This was stated by ING analyst Marc Hesselink on Wednesday. “The results were as expected [ … ] gross margin was higher thanks to more software upgrades. This resulted in a 7 percent windfall for the EBIT”, says Hesselink. He also stressed the inflow of 8.3 billion euros in orders, a record. “All in all, the tone is very...

BMW and Volkswagen got fines, Daimler got critics

B

The European Commission has fined BMW and Volkswagen Group a total of € 875 million for breaching European rules in their cooperation in developing technology to bring emissions from new diesel cars within the legal standard. This was reported by Brussels on Thursday morning. “The five car manufacturers Daimler, BMW, Volkswagen, Audi and Porsche had the technology to reduce harmful...

Pershing Square Holdings agreed to buy 10 percent of UMG shares

P

Pershing Square Holdings, through its subsidiary Tontine Holdings, has entered into an agreement with Vivendi to acquire a 10% stake in the activities of Universal Music Group of Vivendi. This was announced by Vivendi on Monday. The participation amounts to approximately EUR 3.5 billion. Previously, there seemed to be an amount of EUR 4.0 billion. The transaction is still subject to approval...

ArcelorMittal departs from Cleveland-Cliffs project

A

ArcelorMittal sells its remaining 38.2 million shares in Cleveland-Cliffs and the proceeds are used to buy its own shares. This was announced by the steel giant on Friday morning. ArcelorMittal is setting up a new $ 750 million stock purchase program. The programme will start immediately. Earlier this year Mittal also sold shares in Cleveland-Cliffs. A total of $ 1.9 billion will be paid out to...

Volkswagen is concerned about chip shortage, hasn’t built at least 100,000 cars because of it

V

Volkswagen remains concerned about the shortage of semiconductors. This is shown in an interview by Handelsblatt with the head of purchasing of the car manufacturer. Given that the expansion of capacity by the chip manufacturers can take up to two years, Volkswagen expects a shortage of 10 percent of semiconductors in the long term. Volkswagen believes that the current low point has been reached...

Google settles the competition authority case in France

G

Google has reached a settlement of 220 million euros with the French watchdog in France. The tech company pays the settlement after the authority filed a complaint for abuse of power in the advertising market. The French Competition Authority says that Google is abusing its monopoly position in the sale of online ads. Google’s tool to help websites and apps sell advertising would have given...

Kenes Rakishev sent an IPO application for Battery Metals Technologies

K

One of the key directions of Kenes Rakishev activity is environmentally responsible mining. He pioneered leaching as a non-destructive and low-energy consuming ways to mine metals underground, without the need to massively disrupt the surface of Earth. Now Kenes Rakishev comes with a bold project: he plans to develop nickel and cobalt mining in the Eastern Kazakhstan. The initial test results are...

Microchips’ shortage is a result of panic ordering – Elon Musk

M

Elon Musk from Tesla sees the current disruptions in the supply chain as the biggest challenge. This is what the entrepreneur said on Twitter. In particular, a shortage of so-called microcontroller chips called Musk a major challenge. I’ve never seen anything like it. The fear of shortages causes companies to order much more than they need, as we have seen in supermarkets with toilet paper...

Recent Posts

Categories