The Strategist
Companies & CEOs

Virgin, Airbus to Invest in Satellite Network - 06/26/2015

The biggest players in the market of high-tech are investing $ 500 million in the creation of the wide satellite internet network. 900 satellites are to be brought into orbit as part of this project. The joint venture is created by OneWeb Ltd., formerly known as WorldVu. Its goal - to provide global access to broadband satellite internet from any point on Earth already by 2019.   The JV...

Why Does Alibaba Need a Bank? - 06/25/2015

China's largest online retailer Alibaba became interested in internet banking. Today it was announced that MYbank launches in China, the lion's share capital is owned by Alibaba. It seems that the Chinese want to lend to businesses, which subsequently place the products in the store. MYbank’s 30% is owned by Ant Financial Services Group, controlled by Alibaba Group. It has available 4 billion...

IKEA increases minimum wages in all US locations - 06/25/2015

Swedish furniture chain IKEA, which is celebrating its 30 years of presence in US, has announced a raise in minimum wages in all of its stores in the country.   This is the second consecutive year of raise in the minimum wages for IKEA employees. The company announced that it would provide a minimum wage of $11.87 from 1 January, which is a 10 percent increase from its current minimum pay...

Google Play Music vs Apple Music: the Songs Contest - 06/24/2015

Google launches free stream music service. The model of content distribution in this system now resembles Spotify. Apple has chosen a different approach, and apparently, soon we will see the winner. Google Play Music has so far been paid and required monthly subscription fee. Despite the opportunities and a rich library, the service rarely hit the top of relevant publications and editorials on...

Boeing appoints Dennis Muilenburg as CEO - 06/24/2015

American aerospace and aviation company Boeing has chosen Dennis Muilenburg as chief executive officer.   The new CEO, who was earlier the president as well as Chief Operating Officer of the organization since 2013, will take office from 1 July. Muilenburg was a long term employee of Boeing where he earlier headed Defense, Space and Security business. He succeeds Jim McNerney, who will...

Uber Gathers a Record Number of Investments - 06/23/2015

International investors have invested $10 billion in Uber service taxi in anticipation of the initial public offering (IPO). It is reported by Financial Times. Size infusion is a record for pre-IPO investments in high-tech sector of the US market, the newspaper notes. Neither Google, nor Facebook could not even come close to this level until they came to the open market. The main amount of money...

Ferrero to Buy Thorntons - 06/22/2015

Italian chocolate maker Ferrero SpA buys less major British rival Thorntons Plc for 111.9 million pounds ($ 177.6 million). Ferrero will pay cash for 145 pence per Thorntons’ share, which represents a premium of 43% of their price at the close of the market on Friday, according to the press release of the British company. The Italian manufacturer has already acquired nearly 30% of Thorntons’...

Why Canada Is Not Going to Share its Water - 06/22/2015

Despite the fact that Canada is rich with water resources, it is predicted that it is going to be short of water, as demographic change and the climatic situation in the country are threatening the water resources of Canada. However, the assumption, that Canada could export water, has periodically emerged. Nevertheless, these plans are very unlikely both because of disagreement with the...

Top-10 Best Airlines of the Year - 06/19/2015

Skytrax, having gathered information about the flights, released the rating of the best airlines in 2015 according to the customers. The survey was attended by 18.9 million travelers from 105 countries. It study involved more than 245 airlines that were evaluated by 41 parameter - from the process of boarding the plane to seat comfort and level of service on the board. Below are the top 10...

Lyft settles suit with New York state on service clauses - 06/19/2015

US-based ride sharing service Lyft has settled a suit which alleged that the company violated the state laws of New York by paying $300,000.   Last year Attorney General of New York Eric Schneiderman and former NY Superintendent of Financial Services Benjamin Lawsky sued the company for what was termed as an illegal service within the country. The suit also went on to allege that Lyft ran...
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