The Strategist
Companies & CEOs

Etihad loses $520M in Q2 2020 due to pandemic - 08/07/2020

The UAE's national carrier, Etihad Airways, which flies from the capital emirate of Abu Dhabi, lost more than half a billion dollars in the second quarter of 2020 due to the coronavirus pandemic, according to the company's financial report for the first half. “Losses for the second quarter of 2020 were $ 520 million, losses for the first half reached $ 758 million, which is $ 172 million more...

Online healthcare firms Teladoc and Livongo sign $18.5B merger - 08/06/2020

The American company Teladoc Health, which specializes in telemedicine and online medical services, bought its competitor Livongo Health. The deal amounted to $ 18.5 billion. The merger reflects the rise in popularity of online healthcare-related services during the COVID-19 pandemic, when many patients around the world were denied access to routine medical care. The shares of both companies have...

US authorities will check Kodak after $ 765 loan is approved - 08/05/2020

The US Securities and Exchange Commission (SEC) has launched an investigation into the situation of Eastman Kodak Co. and its loan worth $ 765 million, The Wall Street Journal reported, citing sources. According to the publication’s interlocutors, the check has just begun. The SEC is looking into how Kodak handled the disclosure of the loan, which began to surface on July 27. On news of a...

Apple asks UK retail landlords to cut rent in half - 08/04/2020

Apple has asked property owners renting out space for stores in the UK to cut their rent by 50%, The Sunday Times reported. Profitability of the company's stores makes landlords “desperate” to continue cooperation. Apple has told some landlords in the UK that it wants a 50% reduction in rental prices, The Sunday Times reports without specifying a source. In exchange, the company offers property...

DI, French leader of asbestos removal and decontamination - 08/03/2020

As environmental and anti-pollution standards tightened, in all countries across Europe and America, finding specialists who are able to address all projects has become more important than ever. If industrial and sanitary norms are not met, projects can come to a standstill or even require catastrophic deconstruction. In order to address this rising complexity, French leader DI has focused on all...

Microsoft confirms intention to buy stake in TikTok - 08/03/2020

Microsoft is considering acquiring a stake in the Chinese TikTok app. Earlier, the media reported about the company's interest with reference to sources. “Microsoft will move into negotiations with TikTok owner ByteDance in the next few weeks, and in any case will complete them by no later than September 15, 2020. Throughout this process, Microsoft looks forward to continuing dialogue with the US...

NBC reports sharp decline in ad revenue during COVID-19 pandemic - 08/03/2020

Cancellation of the sporting event and the postponement of the Tokyo Olympics, which was due to open in late July have had an extremely negative impact on the performance of the contract with the International Olympic Committee (IOC) for its broadcast on the US television company NBC. Its ad revenues for the second quarter of this year fell by almost a third. NBCUniversal reported the fall in...

US Congress sharply criticizes high-tech giants - 07/31/2020

On Wednesday night, executives from Google, Amazon, Facebook (FB) and Apple spoke to the US Congress via video link. Congressmen criticized the top managers for the dominant position of their companies in the market, which could hinder competition and emergence of new promising players. The CEOs are in denial about this, but lawmakers are very determined. According to experts, the highest risks...

Weapons manufacturer Remington files for bankruptcy - 07/30/2020

American weapons manufacturer Remington Arms Co. filed for bankruptcy, unable to cope with the debt burden, despite the fact that demand for weapons in the United States has grown significantly amid the riots. The company has filed for bankruptcy under Article 11 of the U.S. Bankruptcy Code and will try to sell the business. This is Remington's second bankruptcy since 2018, when the company also...

VW owners in US receive $9.8B as Dieselgate compensation - 07/29/2020

US owners of Volkswagen cars have received more than $ 9.8 billion in compensations for damages for the manipulation of data on the content of harmful substances in the exhaust gas of diesel cars of the German company, the US Federal Trade Commission (FTC) said. According to the commission, more than 86% of car owners preferred that VW bought their cars, or terminated the lease ahead of schedule,...
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