Daily Management Review

DMR

Don't Miss

US Consumer Confidence Declines As Predictions For Inflation Rise 04/14/2024

Hong Kong Is Expected To Approve Its First Spot Bitcoin ETFs In April – Reports 04/14/2024

Samsung regains leadership in global smartphone market in Q1 04/15/2024

Economics

Business & Finance

Management

World & Politics

Science & Technology

Art & Art Market

Business & Finance

Halliburton increases net profit for 9 months to $ 992 million

The net profit of the American oilfield services company Halliburton Inc., attributable to the parent company, increased 2.7 times in January-September 2018 and amounted to $ 992 million, follows from the company's statements. The net profit of Halliburton per ordinary share in the reporting period...

JP Morgan Eyes Silicon Valley Talent As It Builds A New Campus There

US banker JP Morgan Chase wants to attract more talent from the Silicon Valley and is planning to open up a fintech campus in Palo Alto, California, for this purpose. It is expected that there would be over a 1000 employees at the campus which is set to be begun early next year and get...

Schlumberger doubles net profit for 9 months

The net profit of American Schlumberger, the world's largest service company in the field of oil and gas, amounted to $ 1.628 billion in the first nine months of 2018, which is 2.1 times more than in annual terms, the company said in a press release. Diluted earnings per share were $ 1.15 versus $...

Bank of America reduced 30% of staff thanks to technology development

Since 2010 The American banking giant Bank of America has reduced staff by 30% to 204 thousand employees (as per Q3 2018 statistics) due to development of technology and automation of work processes, the bank’s general director Brian Moynihan told CNBC. "We had 288 thousand people when I took the...

US Harris Corporation and L3 Technologies to create a defense contractor giant

High-tech defense companies Harris Corporation and L3 Technologies announced a $ 33.5 billion merger. The new company will be the seventh largest defense contractor in the world, beating companies such as Airbus, and approaching such giants as Boeing, General Dynamics and Northrop Grumman. The...

30M User Accounts Were Hacked, Says Facebook, Lists Types Of Data Stolen

Facebook confirmed that the earlier through figure of 50 million estimated for data breach of its users was not accurate. The social media platform put the estimate at 30 million in what is being identified as one of the worst security breaches for the company. However, the company also...

Tax Cuts And Higher Rates Push US Bank Profits Into Double Digits

Expanding economy and lower taxes drove the third quarter profits up by double digits for the three of the largest U.S. banks as all of them forecast continued growth under the condition of the continuance of the current business trends. The third quarter saw a strong demand for loans...

Chinese Luxury Shoppers Buy Designer Bags Bit Not Bmws

The high end retailing landscape of China is being partially impacted by its trade war with the United States because the affluent and luxury goods seeing Chinese customers have moved away from purchasing the costly autos but have continued with their interest in purchasing luxury handbags and...

ArcelorMittal Agrees to sell off 4 European Steel plants to Liberty House

Four European steel plants of steel and mining major ArcelorMittal would be sold out by the company to Liberty House as a part of the agreement on anti-competition with the European Commission (EU) against the acquisition of Ilva SpA (Ilva) by ArcelorMittal, the steel maker said on Friday. The...

JP Morgan increases net profit for 9 months by 26% to $ 25.4 billion

Net profit of JP Morgan Chase, one of the world's largest investment banks, increased by 26% in January-September 2018 compared to the same period last year and amounted to $ 25.408 billion, according to an investment bank report. Diluted earnings per share were $ 7 versus $ 5.22 a year earlier. In...