The Strategist
Companies & CEOs

Lufthansa leaves top 30 of German stock exchange for the first time in 30 years - 06/05/2020

For the first time in several decades, the German airline Lufthansa left the main index of the Frankfurt Stock Exchange DAX, follows from the data of Deutsche Boerse AG. The stock exchange covers the 30 largest joint-stock companies in Germany. Earlier, airline management cited a possibility of bankruptcy in the wake of the COVID-19 coronavirus pandemic. “Deutsche Wohnen SE shares will be...

Warner Music holds the largest IPO in USA since beginning of 2020 - 06/04/2020

Warner Music record company raised nearly $ 2 billion during the IPO. The initial offering has become the largest in the US market since the beginning of the year. Warner Music, owned by billionaire Leonard Blavatnik, has carried out an initial public offering on Nasdaq, according to the exchange’s website. The company announced an initial public offering of 77 million ordinary Class A shares at...

Moody's keeps negative ratings for Volkswagen, Daimler, BMW - 06/03/2020

The international rating agency Moody's Investors Service (Moody's) has retained ratings of German concerns Volkswagen Aktiengesellschaft (VW), Daimler AG and Bayerische Motoren Werke Aktiengesellschaft (BMW), the agency said. Long-term issuer ratings of VW and Daimler were kept at “A3”, BMW at “A2”, forecasts for all ratings were negative. The ratings also went out of the list for review with...

Zoom market cap jumps over $50B for the first time - 06/01/2020

The market capitalization of Zoom, the video conferencing service, exceeded $ 50 billion for the first time during Friday trades, according to the exchange. As a result of trading on May 29 at NASDAQ, the company's share price rose 9.74% to $ 179.48. At this price, its market value was $ 50.61 billion. According to Bloomberg, this year the company's capitalization has grown by more than $ 30...

Credit Suisse to change approach to lending to billionaires - 05/29/2020

Credit Suisse plans to revise its approach to lending to billionaires after the crisis, Bloomberg reports. In particular, the management of the second largest bank in Switzerland will re-evaluate risks of lending to customers associated with the oil and gas industry and shipping. Credit Suisse is getting ready to revise its approach to working in one of the most profitable areas of its business -...

Twitter's head donates $10M to support crisis-affected families - 05/28/2020

Twitter’s Head Jack Dorsey donated $ 10 million to a charity that will give out the money to 10,000 families affected by the crisis. Dorsey turned out to be the most generous billionaire during the pandemic: in April, he promised to send $ 1 billion to fight the disease - a third of his fortune at that time. Jack Dorsey, general director of Twitter and Square payment platform, donated $ 10...

Bayer is about to settle the glyphosate case in USA - 05/27/2020

Bayer, a German chemical company, has reached a settlement with most plaintiffs in the US glyphosate pesticide lawsuit. The agreement extends to an estimated 50-85 thousand out of about 125 thousand plaintiffs, Bloomberg reported, citing informed sources. The agreement has not yet been signed. Under its terms, each of the plaintiffs will receive several thousand to several million dollars....

TikTok ahead of YouTube and Netflix in revenue from in-app purchases - 05/26/2020

TikTok and its Chinese clone earned $ 78 million with in-app purchases in April. This is the biggest result in the world; the figure exceeds YouTube, Netflix and Tinder. The total revenue of the TikTok mobile application and its Chinese counterpart Douyin in April amounted to $ 78 million, according to data from Sensor Tower analytical company. The figure does not include games and ads. This is...

Renault and Nissan consider cuts of more than $5B - 05/25/2020

Renault and Nissan, members of the Renault-Nissan alliance, are getting ready to announce spending cuts of more than $ 5 billion this week, the Wall Street Journal writes, citing sources familiar with the situation. Official announcements of companies are expected on Wednesday, Thursday and Friday, the publication added. According to sources, Nissan plans to cut spending by another $ 3 billion...

IT giants market cap hits record $ 5.6 trillion amid the pandemic - 05/25/2020

The combined market capitalization of the five largest US technology corporations - Microsoft, Apple, Amazon, Alphabet and Facebook - rose to a record $ 5.6 trillion. Although in March the price of their shares, as well as the shares of other companies, fell quite strongly, since then their value has recovered and has grown to values higher than before the crisis. Since the strongest fall in...
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