Daily Management Review
Business & Finance

Morgan Stanley clients bought Uber shares for $ 48.77. Now they cost less than $ 40

Three years ago, Morgan Stanley invited wealthy clients to invest in Uber. Now it turns out that they incurred losses: amount of the transactions turned out to be higher than the placement price. Moreover, after the IPO, the price of Uber shares has been falling only “abnormally”. In 2016, the...

Monsanto gets under investigation in France

French media learned about the fact that fertilizer producer Monsanto collected dossiers on government officials, public figures and journalists, trying to isolate their potential allies among them. Collection of such data is illegal in France, and therefore the prosecutor's office has already...

Amazon Owner Bezos Details His Lunar Plans

A replica of a lunar lander that is being developed Blue Origin rocket company was unveiled by billionaire entrepreneur Jeff Bezos. He also detailed his ambitions of soon being able to send humans to the moon again in line with the aims of the Trump administration to set up a lunar outpost about...

Honda's annual profit plummets by 42.4%

Net profit of the Japanese automaker Honda Motor Co. declined by 42.4% to 610.3 billion yen in the fiscal year that ended on March 31, 2019. Operating profit declined by 12.9% to 726.3 billion yen. Revenue rose by 3.4% to 15.89 trillion yen, the company said. Operating profit in the financial...

It Knew Of The 737 Max Issue Even Before The First Crash, Admits Boeing

No action had been taken for about a year by Boeing despite knowing about the problem with its 737 Max jets which was the cause of two fatal accidents within less than nine months, the company has admitted.   The alarm feature had been inadvertently made optional instead of standard, the...

Ex-Facebook Board Member Says Chinese Firms To Benefit From Over-Regulating Google & Facebook

Chinese tech companies would take centre stage at the global level if American tech companies such as Facebook and Google are subjected to too much of regulations thereby restricting them and their business activities that help them ot dominate the global tech scene, opined Donald Graham, a former...

Huawei increases smartphone shipments in Q1 amid falling Apple and Samsung sales

The global smartphone market continued to face difficulties in the first quarter. The Chinese technology giant Huawei was the only one of the market leaders who managed to increase supplies, according to preliminary data from IDC research company. In the first quarter, Huawei increased the supply...

Shell's profit exceeds forecast in Q1

Profit of the British-Dutch oil company Royal Dutch Shell Plc fell slightly in the first quarter, but exceeded the forecast. Net income attributable to shareholders on the basis of the current cost of supplies (CCS) and excluding special items in Q1 decreased by 2% compared to the same period last...

US Cannabis Market Would Reach $41 Billion By 2028 If Legalised Country-Wide: Barclays

According to a report by investment bank Barclays, if the US federal government and all of the states of the country legalize the use of marijuana, it would transform into a major industry sector overnight and would result in the governments at all levels getting revenues in the tens of billions of...

Alphabet shares fall by 7% after Q1 reporting

Alphabet revenue rose by 17% in the first quarter of 2019, which is generally a very solid figure, considering that it was $ 36.3 billion. But analysts and investors expected more from the American corporation, and the lack of clear explanations for the causes of problems makes investors doubt...
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