The Strategist
Companies & CEOs

Activision Blizzard to pay $18m in employee harassment case - 09/28/2021

Video game developer Activision Blizzard said it had reached an agreement with the US Equal Employment Opportunity Commission (EEOC) over complaints of sexual harassment, wage inequality and other corporate culture violations. Under the terms of the agreement, the company will pay $18 million in compensation to eligible individuals. The company will direct the unclaimed funds to internal...

CFO of Chinese Huawei leaves Canada after agreeing with prosecutors - 09/27/2021

Chinese Huawei CFO Meng Wanzhou has flown home from Canada after being released from custody, local media reported. Meng was released after striking a deal with US prosecutors the day before. She admitted concealing violations of sanctions against Iran in exchange for withdrawing her extradition request. "The Air China plane with Meng Wanzhou on board took off from Vancouver airport," a...

China's biggest property developer says it will avoid defaulting on its next payment - 09/22/2021

China's Evergrande, which is on the verge of bankruptcy, has promised to pay $35.9m on bonds on 23 September. The main unit of major Chinese property developer Evergrande Group has promised to make payments on some of its debts on September 23, Reuters wrote. The company will pay interest to bondholders totalling $35.88 million, the agency said, citing data from its Refinitiv service. The...

US SEC launches investigation against Activision Blizzard following employee complaints - 09/22/2021

The US Securities and Exchange Commission (SEC) has asked video game developer Activision Blizzard, its CEO Bobby Kotick and other executives for information related to allegations of sexual harassment and discrimination by company employees, The Wall Street Journal (WSJ) reported, citing sources. A spokesperson for Activision confirmed to the publication that the SEC had opened an investigation...

WeWork announces plans to go public in October - 09/21/2021

The co-working network WeWork has announced its intention to start trading shares in October this year. The company is going public two years after canceling its IPO with a valuation that fell fivefold. US co-working network WeWork plans to start trading its shares on the New York Stock Exchange from October this year. It was announced by the company's press office. WeWork will go public through...

Intuit confirms $12B purchase of Mailchimp - 09/14/2021

U.S.-based financial software developer Intuit has reached a deal with e-mail distribution service Mailchimp, according to a press release from the buyer. Mailchimp will be acquired for $12 billion. Intuit expects to pair Mailchimp with its QuickBooks accounting service to "help small- and medium-sized businesses and allow them to launch their businesses online," Intuit CEO Sasan Goodarzi said in...

Billionaire Mark Cuban invests in clean protein pet food manufacturer - 09/13/2021

Billionaire Mark Cuban has invested in a developer of artificial meat for animals. During the pandemic, the percentage of American families with at least one pet rose to a record 70%. In one year, they spent $42 billion on food. Billionaire Mark Cuban ($4.5 billion fortune, according to Forbes Real-Time) is investing in an artificial animal meat company. Wild Earth, a plant-based pet food...

GameStop shares lose over 7% after reporting losses - 09/09/2021

GameStop reported a net loss of $61.6 million for the quarter ended July 31. Last year, the video game retailer posted a loss nearly twice as large. The company intends to expand its business with online sales on both coasts of the United States. Shares of retailer GameStop, a company popular with Reddit traders, fell more than 7 percent in extended trading Wednesday, Sept. 8. That came after the...

Mastercard acquires Aiia banking platform - 09/08/2021

One of the world's largest credit card companies, Mastercard, is buying European open banking provider Aiia, according to Mastercard’s press release. "Mastercard today announced that it has entered into an agreement to purchase Aiia, Europe's leading provider of open-format banking services...," the company said in a statement. The firm notes that the transaction is expected to close at the end...

Ryanair leaves negotiations to buy large batch of Boeing 737 MAX - 09/07/2021

Ryanair, which is Boeing's largest customer outside the U.S., announced its withdrawal from negotiations to buy a new large batch of Boeing 737 MAX. The Irish company, Europe's largest low-cost carrier, was not satisfied with the price of these planes, and Boeing refused to lower the price, according to Reuters. Earlier, Ryanair had ordered Boeing 210 MAX 8200 (197-seat). The first 13 planes of...
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