The DreamWorks Animation company (NASDAQ: DWA) intends to reduce a large number of employees in order to reduce costs. The exact number of people who will lose their jobs is not yet known, but this figure is likely to exceed 350 layoffs that took place in 2003.
Samsung Electronics will divide the shares to make them available to ordinary investors, while the drop in profits continues to put pressure on the company. After lowering quarterly profits, Samsung's shares (OTC: SSNLF) remain below the peak of 2014 $1,380. But a $2 billion buyback campaign and an increase in dividends helped the stocks recover from their lows in a few years.
Google plans to invest in SpaceX, which produces rockets and spacecraft. The goal is to support the development of satellites that could provide access to the Internet for people who are deprived of this opportunity. Google (GOOG, GOOGL) and SpaceX already have competitors: Qualcomm (NASDAQ: QCOM) and Virgin Group are investing in OneWeb, the company that will launch 648 low-Earth orbiting satellites that provide broadband data transmission.
Twitter has announced the upcoming acquisition of an Indian startup ZipDial, working in the field of marketing for mobile devices. The amount is about 30-40 million dollars. ZipDial provides its customers with phone numbers that they can use in their advertising campaigns.
Schlumberger buys a 45.65% interest in the largest Russian drilling company Eurasia for $1.7 billion and will have the opportunity to purchase the remaining shares of the company within three years of the deal's conclusion. The agreement with Schlumberger (NYSE: SLB) will require Eurasia to withdraw its depositary receipts from trading on the London Stock Exchange.
Fidelity Investments and eight other finance management companies, including BlackRock (NYSE: BLK), BNY Mellon (NYSE: BK), JPMorgan (NYSE: JPM) and T. Rowe Price (NASDAQ: TROW), are close to creating a dark liquidity pool. The project is aimed at creating a private trading platform in the interests of shareholders of mutual investment funds. The goal is to reform the exchange trade by reducing costs and eliminating high-frequency traders.
CEOWORLD Magazine, one of the world's premier business publications, has released its latest ranking of the most influential women in international business. Let's take a look at the top five
There are over 250,000 species of flowers in the world. Some of them belong to rare species of flora and are a true treasure for biologists. Let's take a look at these extraordinary representatives of the plant world and fully appreciate their unique beauty.
Although US President Donald Trump insists it is too early to discuss a successor within the Republican Party, behind-the-scenes maneuvering has already begun. Politicians deliver messages, test the waters, and closely monitor public sentiment. The participants in a new race are becoming increasingly visible, despite the lack of official announcements. Let's take a look at who might lead the Republican Party in the 2028 election.
