Stock market news

Mobile TeleSystems

MTS will launch its own music label by the end of May 2023. The company will offer artists partnership models. The label will not be limited by genre - any artists can cooperate with it. The label will combine the classic full-service: distribution to all venues, marketing support, promo and PR and others. The new team will be headed by the former general di...

Poshmark

Naver Corp completed its acquisition of Poshmark for $1.2 billion, or $17.9 per share.

Alibaba Group Holding

Alibaba Group is investing in projects in Turkey in order to manage its operations in European markets from that country. The Dünya newspaper reported this on Friday. The other day, Alibaba Group President Michael Evans met with Turkish Vice President Fuat Oktay and Trendyol Group head Çaglayan Çetin to discuss cooperation.

General Motors

General Motors has regained leadership in the U.S. market, surpassing Japan's Toyota Motor in 2022 sales. GM sales in the U.S. market last year rose 3% to 2,274,088,000 vehicles. GM's electric car sales jumped 58 percent to 39,179,000. The company plans to increase its share of the electric car market in 2023 with the launch of nine electric car models, incl...

Amazon.com

Online retailer Amazon will cut more than 18,000 jobs, Bloomberg reported. The publication noted that this is a record cut in the history of the company. The company acknowledged that it had hired too many employees during the pandemic.

United Aircraft Corporation

Head of the Ministry of Industry and Trade Denis Manturov, General Director of UAC Yury Slyusar and General Director of Rossiya Airlines Yana Burga flew on the newest aircraft MS-21. Manturov accompanied by top managers flew to Ulyanovsk to get acquainted with the MC-21 and SSJ-NEW resource tests. Earlier MS-21 was equipped with the domestic PD-14 engine and...

Twitter

Twitter will soften the ban on political advertising, the company said in a statement on the social network. Thus the company intends to promote public discussion of important topics. It is also indicated that the social network's advertising policy will be aligned with that of television and other media. In 2019, Jack Dorsey introduced a ban on the publicat...

Avangard Bank

The Board of Directors of JSCB AVANGARD has recommended to pay dividends from retained earnings received for 2019 in the amount of ₽31.66 per common share. The last day to purchase securities to receive the dividend is February 10, 2023. The dividend yield could be 3.09%.

Tesla

Sales of Tesla electric vehicles in 2022 totaled 1.313 million units, up 40 percent from 936,200 a year earlier. Model S/X sales increased 2.6 times, to 66,705 thousand, Model 3/Y sales increased 36%, to 1.247 million. For the year the company produced 1.369 million electric cars.

Gazprom

Miller announced that he was reaching a fundamentally new level of gas supplies to China. "Gazprom is increasing exports via the Power of Siberia pipeline and supplies in excess of its daily contractual obligations. The company intends to supply gas to China via two more routes: from the Far East and via Mongolia. Annual deliveries via the three routes could...