The Strategist
Companies & CEOs

Apple to close iTunes - 12/18/2017

Apple may discard its online music store iTunes Store. The complete closure of the service is supposedly scheduled for 2019. The reason for this is a sharp decline in downloads of songs and albums, as users are gradually moving to the streaming model of content consumption. Several newspapers, referring to anonymous sources, reported about Apple's imminent plans to close its iTunes Store music...

BP returns to the solar energy market - 12/15/2017

British oil company BP announced buying a 43% stake in Lightsource, a company that works in the solar energy sector, for $ 200 million, thus celebrating its return to the solar energy market. Two decades ago, BP intended to go beyond the oil market, planning to spend $ 8 billion over a decade on renewable energy technologies. The company was even going to connect its gas stations to solar energy...

Facebook revises its tax policy in Europe - 12/13/2017

Facebook will no longer register all its revenue at its headquarters in Ireland. The social network intends to transmit data on income from advertising to the authorities of those countries where this revenue is generated. For the time being, only the countries where the corporation has offices are concerned. The company plans to fully switch to the new financial reporting scheme by mid-2019. On...

Airbnb to refuse Payoneer cards - 12/13/2017

The scandal, which erupted in France around Airbnb last week due to Payoneer credit cards, was resolved after a meeting of the company's representatives with Finance Minister Bruno Le Maire and the country's budget minister Gérald Darmanin. The management of the mobile service decided not to provoke the authorities and simply refuse to use these cards. On Monday evening, the Ministry of Economy...

Nike vs Adidas: Fighting for the World Cup 2018 - 12/08/2017

Most teams at the World Cup in 2018 in Moscow will play in T-shirts with Adidas logo. However, the company’s main competitor Nike did not give up and won "on his field", more precisely, on the feet of athletes. Once again, Adidas won the World Championship, although with a minimal advantage: the company will equip 11 teams of 32, and 10 teams will wear Nike. However, Nike in a sense won back by...

BASF and Letter One to combine oil and gas assets - 12/08/2017

Chemical concern BASF and investment company LetterOne, owned by Russian oligarch Mikhail Fridman, are going to combine their oil and gas subsidiaries Wintershall and DEA. The parties signed a protocol to define the merger. According to the document, at the first stage, 67% of Wintershall DEA shares will belong to BASF, 33% - LetterOne. The German concern informed that IPO of the merged company...

Airbnb is accused of supporting tax evasion in France - 12/07/2017

French Finance Minister Bruno Le Maire and Minister of Budget Gérald Darmanin will interview representatives of the Airbnb service on the practice of using Payoneer credit cards for settlements with landlords. These cards could contribute to tax evasion by homeowners, since the cards were issued in Gibraltar. Airbnb may have serious problems in France, if the country's authorities decide that the...

Is it worth buying shares of Square? - 12/05/2017

Over the past 18 months, shares of Square have risen more than 400%. The company has repeatedly outperformed forecasts for revenue and profit, while significantly increasing the EBITDA margin. The last quarterly report, together with the news that Square is experimenting with the crypto currency, caused a sharp jump in the company’s shares to record highs. Given the high price of shares,...

Trump’s administration lets Eni into Alaska - 11/29/2017

The American division of the Italian company Eni can commence working on oil exploration in federal waters near Alaska as soon as Trump’s administration approves the permit for leasing, the Interior Department said. The Bureau for Safety and Environmental Enforcement (BSEE) granted Eni permission to explore oil from an artificial island in the Beaufort Sea. Eni is the first company that was...

Three shares to watch out this week - 11/28/2017

Let’s talk about how much the number of Autodesk subscribers has grown, how Ambarella's innovations are developing and whether Kroger managed to catch up with competitors. Last week, stock markets rose as mood of investors affected optimistic forecasts of retailers for the holiday season. The Dow Jones Industrial Average and the S&P 500 have updated historical highs and added significantly...
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