The Strategist
Companies & CEOs

AirbusA400M: the Test Program to be Continued - 05/11/2015

The program of testing military transport aircrafts Airbus A400M will continue, despite the recent catastrophe in a trial flight in Spain. This was announced on Monday by the representative of the corporation Airbus Defence and Space, the agency France-Presse reports. - We will not suspend our own flight test program, - said the representative of Airbus. Earlier, the suspension of operations of...

Zhang Long, Following ‘Market Demand’, Extends From: ‘Tea To Tech’ - 05/11/2015

The Snowden “revelation” followed by Chinese cyber-security market push has been capitalised by Zhang Long, who successfully branches out his investments from Tea and Furniture to Software: SPGnux. Beijing – 09 May 2015 – The success story of Zhang Long centres on the business of “Pu'er fermented tea and handcrafted furniture”. Zhang comes from south-western part of China wherein his native place...

Nintendo and Unviversal to Build 'Nintendoland' - 05/08/2015

Japanese Nintendo together with Universal has signed an agreement on joint creation of the theme park, which will use the images of the popular video game producer Nintendo. The Company also records a profit for the first time since 2011 The creative teams of both companies work together on the concept of the future park. It is planned that the attractions will draw in the style and concept of...

Spotify to launch video streaming service - 05/08/2015

Music streaming service Spotify is planning to build its portfolio by adding web video streaming service as well. According to a report in Wall Street Journal, the company is in serious discussions with several digital media players about potential partnerships to enter the web video business. The company is planning to not just stream popular videos but is in discussions to create specialized...

Alibaba to Replace its CEO - 05/07/2015

China's largest online retailer Alibaba announced the appointment of a new chief executive. Daniel Zhang, succeeding Jonathan Lu, who will remain vice chairman of the board of directors, is going to become the new Executive Director starting from May 10. The agency notes that the change of CEO was announced after the sales report has shown the rise in sales in the first quarter of 2015 jumping...

Tesla buys Michigan-based auto parts supplier - 05/07/2015

Electric car manufacturer Tesla Motors has acquired Riviera Tool, a Michigan-based auto supplier for an undisclosed amount.   This is one of the first exclusive-auto deal made by Tesla in recent times and analysts are of the wide opinion that the futuristic company will make many more such acquisitions. Riviera makes stamping parts that are shipped to Tesla's assembly plant in Fremont,...

Wendy's to shut down 640 units in US and Canada - 05/07/2015

US-based fast food chain Wendy's plans to sell 640 restaurants in the U.S. and Canada to franchisees to generate cash and reduce expenses. The restaurants are currently operated by the management itself. Besides offloading their restaurants, Wendy’s is also mulling selling off its bakery operation which is currently based in only one location - Zanesville, Ohio.   The company earlier...

Goldman Sachs to Sell its Coal Assets - 05/06/2015

US bank Goldman Sachs is negotiating the sale of coal assets, writes The Wall Street Journal, citing informed sources. The reasons for sale are protests of workers, the law on the environment, the decline in world prices for coal, as well as the norms according to which the investment banks cannot exceed a certain quota. Due to these factors, the coal business in Colombia cannot even...

Boeing shuts down Southern California military jet plant - 05/06/2015

US-based aerospace giant Boeing is winding down operations at its Southern California plant which manufactures military jets.   The plant has been making C-17 Globemaster III, a military transport jet capable of carrying 82 tons for more than 20 years. Lack of international orders and from US Airforce has been the factor behind the closure. C-17 is the last big jet still assembled in...

HP accuses two Autonomy executives in $5.1 bn legal battle - 05/05/2015

HP has slapped a $5.1 billion lawsuit against Autonomy which it bought in a deal in 2012. The acquisition ended up as a disaster for HP which had to write down $8.8 billion. According to HP, the company had to pay more than the actual worth of Autonomy because of the exaggerations made by the executives, Mr. Hussain and Mr. Lynch. HP accused Mr. Lynch and Sushovan Hussain, Autonomy’s former chief...
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