Business – Page 50 – PressClub World

19. 4. 2019 No Responses

IPO Mania Sent Uber and Lyft Fares Skyrocketing, While Driver Pay Plummets

As Uber and Lyft look to IPOs to let their investors, who have been subsidizing 40-50% of every ride, redeem their shares through sales to the public capital markets, the companies are desperate for ways to reduce their unprofitability and...

18. 4. 2019 No Responses

The National Enquirer sold for $100 million to James Cohen

American Media Inc. sold the National Enquirer for $100 million to James Cohen, CEO of Hudson News. The notorious tabloid, along with two sister periodics, has a new owner – the head of the travel retailer known for its airport newsstands....

17. 4. 2019 No Responses

New York Auto Show: Hyundai New Sonata and Venue Debuting Today

2020 Hyundai Sonata marks another selling hit for the Korean automaker. It’s a striking design that stands out as one of the most attractive in its segment. It’s one of the best looking mainstream sedans to reach production since the...

17. 4. 2019 No Responses

Nissan, Ford and Daimler Led March European Car Sales Decline

European car registrations fell 3.6% in March, the Automobile Manufacturers Association, known by its acronym in French, ACEA said today, with Nissan, Ford, Daimler and Alfa Romeo showing some of the biggest sales declines. Registrations in the EU and European...

16. 4. 2019 No Responses

Markets Have Deteriorated Rapidly as Box Demand Tumbled 3%

For high-end analysts, cardboard demand is one of secret indicator. The cardboard industry is an oligopoly, with a few producers making most of the boxes and International Paper is the leading producer of containerboard globally. A limited number of competito...

15. 4. 2019 No Responses

EU Refiners Turn to Ural Crude as US Unleashed More Sanctions on Venezuela

European refiners switched to expensive Russian sour Urals crude after US sanctions hit Venezuela’s similar-grade exports. Experts said that even though US crude output is increasing and exports are due to soar later this year, it is not an alternative bec...

15. 4. 2019 No Responses

The 30 Billion Supplements Sector Has a Problem: Food Supplements Don’t Work

A 10-year observation study of over 30,000 people has found that some vitamins and minerals can help you avoid cardiovascular disease, but only if your body gets your beneficial nutrients from food, not from food supplements. The study, published this...

13. 4. 2019 No Responses

Panasonic Suspends Investments in Both Gigafactory 1 and Shanghai EV Plant

Tesla shares fall almost 5% on the stunning news that its relationship with Panasonic could be on the rocks. Panasonic is freezing plans to expand the capacity of Tesla’s Gigafactory 1 at the very same time that demand questions are starting...

12. 4. 2019 No Responses

Chevron Buys Anadarko Petroleum for $33 Billion in Cash and Shares

Oil giant Chevron buys a major company in the oil and gas exploration and drilling sector Anadarko Petroleum for $33 billion. Chevron pays a combination of cash and shares. The acquisition valued Anadarko Petroleum at $65 for one share. Chevron’s...

10. 4. 2019 No Responses

U.S. Charges Indivior With Organizing Multibillion-Dollar Fraud

Indivior PLC shares are down 77% to a new record low after US investigators have accused the company of fraud against the opioid drug addicts with their own drug Suboxone Film. The total amount of all fraud is estimated at...

9. 4. 2019 No Responses

Rumor: Facebook Is Looking for VC to Launch Its Own Stablecoin

According to Nathaniel Popper, editor of the New York Times, Facebook addresses VC (venture capital) investors as it seeks $1 billion as underlying collateral for its own stablecoin. Popper has posted this rumor on his Twitter account yesterday. News on...

8. 4. 2019 No Responses

The Brazilian oil company Petrobras sold assets worth $8.6 billion

The Brazilian oil company Petróleo Brasileiro, better known as Petrobras, has made a fantastic move. Just before the whole world learns that about 85% of natural gas production will no longer be necessary or economical to burn in boilers, Petrobras...

6. 4. 2019 No Responses

The BIS Tests the Ground for Gradual Abolition of Cash

BIS – Bank for International Settlements, also known as Central Bank Central Bank, General Manager Agustín Carstens spoke at the Central Bank of Ireland 2019 Whitaker Lecture. Under the title “The Future of Money and Payments”, Carstens mapp...

4. 4. 2019 No Responses

Maersk Drilling Was Priced at $3.6 Billion in the Stock Debut

Maersk Drilling was priced at $3.6 billion in the Copenhagen Exchange stock debut. An hour after the opening of the Copenhagen Stock Exchange, the shares were traded at about DKK 570, i.e. company’s market capitalization is now DKK 23.7 billion. Managem...

3. 4. 2019 No Responses

New Car Sales in the US: 3.1% Decline in March, Down 2% for the 1Q

The automotive industry has launched a key spring sales period in the US with 3.1% decline in March and a 2% decline in the first quarter. From major producers, only Honda, Hyundai, KIA, Subaru and the Volkswagen Group have improved....

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