The Strategist
Companies & CEOs

Hyundai Motor’s profit falls thanks to the US and China - 04/27/2017

The South Korean authorities’ decision to host the US missile defense system THAAD has negatively affected the country’s largest carmaker Hyundai Motor. The company's sales fell immediately by 14% in China, which extremely negative reacted on such military cooperation between the US and South Korea. On Wednesday, Hyundai Motor reported receiving a net profit of $ 1.2 billion. This result turned...

Alitalia’s headlong plunge - 04/27/2017

Italian airline Alitalia is in the red, and it looks like the carrier does not have a chance to be rehabilitated. The company’s employees refused to support a rescue plan coordinated by the leadership and the trade unions. Now the national Italian air carrier can be sold in parts if the management fails to find a single buyer is not found for all the company's assets. Alitalia acknowledged that...

Toshiba to split the business - 04/24/2017

Today, Toshiba Corporation confirmed previously announced reorganization plans to transform the company’s four business lines into separate companies. This decision, as Toshiba's management hopes, will help keep the business seriously affected by the problems of its US subsidiary Westinghouse Electric. Toshiba spoke about a possible division of business in March, and today the company’s...

British government transfers Green Investment Bank into private hands - 04/21/2017

A group of investors from Australian bank Macquarie Group and the Universities Superannuation Scheme Foundation paid the British government 2.3 billion pounds ($ 3 billion) for Green Investment Bank, said Macquarie in a report. The deal ended after a difficult reconciliation process. A number of members of the British Parliament opposed the privatization of the bank, which manages assets of more...

Axel Springer invests in Uber - 04/20/2017

German company Axel Springer, publishes newspapers Die Welt and Bild, acquired a stake in Uber Technologies. It is not reported how much the publisher has invested, but, according to the statements of Axel Springer, the share is minimal. This is not the group's first investment in technology companies: the company already bought a stake in Airbnb in 2012. German media concern Axel Springer, which...

Warren Buffett to sell American real estate to Chinese wealthies - 04/19/2017

Legendary investor Warren Buffett is going to sell houses to Chinese upper-class. His HomeServices, which deals with real estate brokerage, "expands its global reach by attracting wealthy Chinese citizens to buying homes in the US". April 17, HomeServices announced conclusion of an advertising agreement with website Juwai.com, the monthly audience of about 2 million unique users. Thus,...

Theranos agrees to take a break - 04/19/2017

American biotech company Theranos agreed not to carry out laboratory blood tests for two years in exchange for a smaller fine from the healthcare sector regulation authorities, Reuters reports. Under the agreement’s terms, Theranos blood testing labs will be shut down for 2 years, and the fine imposed on the company by the Medicare and Medicaid Service Centers (CMS) will be reduced to $ 30,000....

US Post Holdings buys British breakfast manufacturer Weetabix - 04/18/2017

Famous British manufacturer of ready-to-eat breakfast cereals and cereal products Weetabix will be purchased by US company Post Holdings for $ 1.76 billion. To date, Weetabix, founded in the UK in 1932, has royal permission and enjoys great popularity among the British, belonged to Chinese state-owned company Bright Food. The Chinese acquired 60% in Weetabix in 2012. Within this transaction, the...

What secrets are Uber's financials hiding? - 04/17/2017

International taxi service Uber recorded an adjusted loss of $ 2.8 billion in 2016 with revenue of $ 6.5 billion. The company, which shares do not circulate on the open market, published financial indicators for the first time without reporting data for the previous year. At the same time, Uber reported a 74% increase in revenue, up to $ 2.9 billion, in the fourth quarter compared to the previous...

Lloyds to transfer its headquarters to Berlin - 04/17/2017

According to The Daily Telegraph, the British Lloyds Banking Group intends to re-establish its European headquarters in Berlin after the UK withdraws from the EU. It is reported that Lloyds has prepared a request to the German financial regulator BaFin. The institution inquired about a possibility to change the status of its current unit in Berlin by September. According to the British media,...
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