The Strategist
Companies & CEOs

ESPN takes Verizon to court - 04/28/2015

Sports network ESPN is joining the slew of cable companies and channels that are suing Verizon for alleged breach of contract. The company has filed a lawsuit on Monday in New York Supreme Court, seeking damages related to the new leaner value bundle that Verizon plans to provide to its FiOS customers. According to reports in CNBC, ESPN wants to stop Verizon from “unfairly depriving” it of “the...

Cap Gemini to buy US-based IGate - 04/27/2015

French IT services company Cap Gemini has announced that it would buy US-based rival group IGate for $4 billion. The merger will provide Cap Gemini with complete access to North American market where IGate has a strong presence. Meanwhile, it would also enrich the coffers of IGate founders. With this acquisition, the IT services major is looking at a good quarter and has raised its 2015 sales...

Deutsche Bank to Cut Costs and Close 200 Branches - 04/27/2015

Deutsche Bank is going to place Postbank’s shares in the IPO and expects to completely separate this division by the end of 2016. The largest financial market participant in Germany Deutsche Bank is going to close 200 branches around the world by 2017, thereby reducing operational costs by 40 percent. It is reported by Deutsche Welle with reference to the official press release of the bank. There...

Statoil To Support Carbon Taxation While Arriving At Cost Reduction - 04/25/2015

The C.E.O of Statoil, a giant Norwegian oil company, Mr. Eldar Saetre, talks about his aims of reducing carbon emissions. He is for the carbon taxations. Furthermore, he strives to combine cost reduction with that of decreased carbon emissions. Thestrategist.com – 24 April 2015 – The Norwegian oil-company, Statoil, has appointed Eldar Saetre in the post of C.E.O, who has been the former C.F.O of...

Aitoro Airplanes Bags The First ‘Green Business Designation’ Award In The City - 04/25/2015

Norwalk’s Aitoro Airplanes receiving the first “Green Business Designation” award in the city, inspires the entire city to walk in the same footsteps creating more “environmental footprints”. Norwalk, Fairfield County, U.S. – 24 April 2015 – Chris Bosak, a staff writer of the hour, informs that Aitoro Airplanes has won the “Green Business Designation by Live Green CT”. The said company is the...

Xiaomi expects triple revenue this year - 04/25/2015

Chinese smartphone maker Xiaomi Corp. is expecting revenue to triple this year, thanks to games and payment apps.   The company that has been selling its smartphones at competitive prices to penetrate a market skewed at more than 50% to Samsung and Apple, is looking at results of the long wait, according to an interview by Xiaomi’s founder and chief executive Lei Jun to the Wall Street...

Apple Watch debuts at luxury retailers - 04/24/2015

Technology company Apple’s new trophy product, Apple Watch is released to select customers who pre-ordered the device. According to analyst records, nearly 1 million watches have been released to the company’s devout customer base through a pre-order process. The smartwatch that starts at $350 is not available at the Apple stores and could be bought only from luxury retailer in Los Angeles,...

United States' Largest Bank to Abolish Cash - 04/24/2015

For quite a long time talks about abolition of cash were wandering around America. Of course, this issue is very delicate and painful, so the media rarely discussed it, but now it has leaked in real life. Until now, the war against the cash was conducted almost exclusively by national governments and official international organizations, but now they have a powerful ally. As it became known, one...

Chinese Mercedes Manufacturer Got Fined $ 56.5 Million - 04/23/2015

Chinese branch of Daimler, which produces Mercedes cars, was fined 56.5 million dollars for violating antitrust laws. The fine was imposed because the automaker has forced dealers to set minimum prices for some cars and parts. This, in particular, relates to S- and E-class automobiles. Daimler was found guilty of violation of free competition in the auto market in August, but only eight months...

Lowe's under scutiny for usage of toxic chemical in floorings - 04/23/2015

After Home Depot, environmental and health activists are forcing home improvement store Lowe Co’s to stop selling flooring laminates which has a potentially toxic chemical in it. While Home Depot, world’s largest home-improvement chain has announced today that it would stop selling vinyl laminates with phthalates by the end of the year, Lowe’s has still not made any declaration on this matter....
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