Israeli pharmaceutical company Teva ( US) submitted financial statements for 1 neighborhood 2021 G. Revenue fell by almost 9% to $3,99 billion, EBITDA - by 13%, and Adjusted Net Income - by 46%. At the same time, free cash flow has significantly decreased (FCF): with $551 million to $59 mln See more Teva reported frankly weak results.
At the Moscow Exchange 10 In March, trading began in the securities of the Russian retailer Fix Price. The company's capitalization has reached 610 billion rubles., ahead of Tape and Magnet.
Baidu's market cap is "only" $67 billion against $368 billion in Alibaba Group and $340 billion in Tencent. Revenue for 2017 year - $12 billion in growth 20%, EBITDA profitability - 32%. The multiplier to revenue is two times lower, than Alibaba and Tencent: On the one side, due to not so fast growth, but most importantly, investors are much less optimistic about future success. It could seem, that the company is "so-so", but firstly, $67 billion is seven "Yandex", and secondly, she has or has had products in major online markets, without Baidu, the entire Chinese Internet would be completely different. Separately, it can be noted, what did Baidu cost in the summer $98 billion, but Chinese companies are having a hard time due to trade wars, and IT companies too, you can write a separate article on this topic.
Uber said, that after the IPO will be placed 1 676 959 021 stock, excluding items, including options, limited promotions and warrants. At the top of the expected IPO price range, the company can be valued in 83,85 billion dollars. Uber plans to list on the NYSE under the ticker "UBER". Uber Technologies Inc. approached its initial initial public offering on Friday, giving investors a first look at, how big a company's offer can be. Largest call-to-driver service in the United States updates its IPO prospectus, including the expected price range from 44 to 50 dollars per share, which means, what the company can attract up to 9 billion dollars at the high end of this range. This assessment suggests , what are uber prices at uber, IPO, probably , will be in the stadiums of other major offers , which have taken place in the US market in recent years.
● Investment fund Global Infrastructure Partners agreed to buy Equis Energy, a Singaporean developer of renewable energy projects, for record-breaking for the industry $5 billion, writes Bloomberg. ● Dow Jones hits record. Dow Jones industrial average rises sharply on Tuesday amid strong quarterly results from 3M and Caterpillar, reports CNBC. ● American private equity fund Cerberus Capital Management has expressed interest in buying Alitalia, financially troubled. Cerberus wants, for Alitalia to remain an independent airline. But earlier, EasyJet and Lufthansa have already made their proposals.
● BP profit declined in Q2 2017 ● The US imposed sanctions against the President of Venezuela ● VTB and Alipay agreed to cooperate in Russia ● HSBC will pay $300 thousand for Brexit . HSBC will hold a buyback on $2 млрд ● Athenahealth Inc. (NASDAQ: ATHN), service provider for hospitals and doctors, stated, that its board and management team are strategically reviewing the company's operating and financial strategy. ● Royal Caribbean Cruises Ltd. (NYSE: RCL) reported receiving 2 quarter profit of $370 million ($1,71 per share) compared to $230 million ($1,06 per share) a year earlier. Revenue for the reporting period increased to $2,20 billion s $2,11 billion.
● Boeing Co streamlines aircraft production systems at its largest factory, trying to cut costs, to compete with Airbus and cut the deficit by about $30 billion due to Boeing-787 Dreamliner, writes Reuters. Boeing moves some of its production overseas. But the CEO of the company, Dennis Mühlenburg, in an interview with WSJ, claims, that it won't hit US jobs ● The Federal Reserve (FED) USA, As expected, will raise rates in June regardless of whether, what will the economic data be. At the same time, traders are losing faith in the rate hike in the second half of the year., writes ZeroHedge
● US jobless claims fell more than expected ● Apple will invest $1 billion in job creation in the USA, said the head of the company Tim Cook in an interview with CNBC. The company plans to create an investment fund for the development of high-tech production in the United States. ● Tesla Increases Net Loss 40%. Tesla's Q1 loss increased to $330 million, despite more than doubling in revenue. Tesla CEO Elon Musk expressed confidence in, that the company will begin production of Model electric vehicles 3 in July. Also he said, that one day Tesla, maybe, will overtake Apple in market capitalization
● Processor and component manufacturer Qualcomm will have to return to Blackberry $814,9 million for overpaid royalties by a Canadian company based on product sales. This news provoked a rapid rise in BlackBerry quotes.. ● Dollar and US Treasury yields fell on Thursday, after President Donald Trump stated, what would you like, to keep interest rates low, and that the dollar got too strong, reports Reuters.
● For stable supply of OLED screens, Google plans to invest $880 million in LG Display ● AMD bought the rights to develop AR and VR technologies from startup Nitero ● Facebook announced the launch of group payments in Messenger ● Bitcoin has risen in price by 1,3% to $ 1,227 for a coin, as traders buy cryptocurrency amid the struggle for security. This state of affairs on Tuesday is caused by the growth of political tensions in the Middle East and the Korean Peninsula., what caused a sharp sell-off of risky assets.