The Strategist
Companies & CEOs

Japan Pushes Companies for Hike in Wages - 03/19/2015

Japanese large companies declared an increase in base wages. Shinzo Abe, Prime Minister of Japan has been persistently putting strong pressures on nationwide businesses to increase wages, very critical yet missing part of Japan’s economic growth strategy. As a result of aggressive intervention by the prime minister, Japan’s leading companies announced their plans for a major pay hike in the...

Nintendo Sets on Mobile Apps - 03/19/2015

Gaming consoles and games developer Nintendo in Japan made the first move in favor of the release of gaming applications for mobile devices. Game for smartphones and tablets will be developed with world-renowned characters: Mario, Pokemon, gorilla Donkey Kong and others. The company has signed a contract with a publisher DeNA. The transaction involves the launch of a new gaming platform. Satoru...

Chinese Yahoo! Office to be Shut Down - 03/19/2015

US Internet company Yahoo is closing its last office in mainland China. Development center and research Office will be closed in Beijing. Internet giant on par with other high-tech firms in China has faced stiff competition from local companies. Due to the closure of the office about 200-300 people will lost their job. The company informed the employees on the reduction on Wednesday. Yahoo...

Uber signs financing deal with Yongda in China - 03/19/2015

US-based mobile app ride-hailing service Uber Technologies has signed a deal with Chinese Yongda Automobiles Services Holdings to provide discount and financing for the car of Uber drivers. The Chinese luxury auto dealer will provide Uber’s partners including transportation firms and independent drivers discount on new car purchases, finance and after-sales service. The company signed this deal...

Reynolds Announces The Revised List Of Asset Related Purchase Plan - 03/18/2015

The Reynolds Group of Company has finally released its revised list of Asset related purchases including their respective due settlement date. The list is covered mainly under two scheme and can grouped under two categories. Based out of Lake Forest of Illinois and also worldwide known for their quality manufacturing and prompt consumer service, The “Reynolds Group” of Company and a portion of...

Kraft Food to recall 6.5 million Mac and Cheese packs - 03/18/2015

US-based food products and grocery Company Kraft Food has voluntarily recalled thousands of cases of its original-flavored macaroni and cheese in the US and other countries due to a concern that some boxes may contain pieces of metal. Though there were no reported injuries due to consumption of the product, eight consumer complaints have already been logged about the product. The company...

BHP reveal next steps for its spin-off company - 03/17/2015

Australia-based world’s biggest mining company BHP Billiton has announced the next steps for its newest spin-off, South32, noting that much less debt would be shelved off to the company when it lists in May. The new company South32’s detailed assets and their performance were announced in a report. The assets including aluminum, manganese, nickel, silver and coal were overshadowed by the growth...

Holcim Rejects Lafarge Merger - 03/16/2015

Swiss Holcim’s Board of Directors rejected the terms of the merger with the French Lafarge, as a result of which the largest cement producer in the world would be created. It is said in the companies’ statement. Lafarge announced that it received a letter from the chairman of the Holcim Board of Directors on Sunday, which states that the French company does not want to follow the terms of the...

Facebook acquires Thefind search engine - 03/15/2015

US-based social media company Facebook has acquired Thefind.com, a personalized shopping engine for customers to search for products on sale for an undisclosed sum. Thefind.com, founded in 2006 as Flatlens Inc, initially offered only ticket discovery service to its visitors. It was launched with its new name and including more product categories. It also helps in giving customized...

RBS to face trial in US over mortgage issues - 03/15/2015

The Royal Bank of Scotland is under trial in a case which is part of the Federal Housing Finance Agency's (FHFA) litigious campaign in the US. The FHFA case, which is undertaken to recover part of the losses to the US government as part of the credit crunch-led recession in 2009, is ongoing in the US. The government has accused Nomura and RBS, as sponsor and underwriter respectively, of selling...