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.
Winter is the perfect time to curl up in a warm blanket and enjoy drinks that bring coziness and holiday cheer. Here are seven winter drinks that are perfect for cold days
Despite the widespread belief that ultra-wealthy individuals are leaving big cities in search of privacy, most still prefer to live in bustling metropolises, according to the latest billionaire census conducted by Altrata. Let's explore which cities today have the largest concentration of people with a fortune exceeding $1 billion
The European Union currently includes 27 member states, but the interest in joining continues to grow, with an increasing number of countries aspiring to become part of the bloc. This article highlights the countries advancing toward European integration and examines where they stand on this path
