The Strategist
Companies & CEOs

Glencore to sell its Australian coal haulage business - 10/20/2016

Glencore Plc. sold its coal haulage railway Grail in Australia to US rail operator Genesee & Wyoming Inc. for 1.14 billion Australian dollars ($ 873 million) within the company’s ambitious program to reduce debt. Sale of GRail is "a significant portion" of the debt reduction program, commented Baar, a Swiss trader.  The transaction price is higher than previously assigned value of $ 1...

Brexit, Deutsche Bank and Fed bring good money to US banks - 10/19/2016

In III quarter of this year, Citigroup earned $ 3.47 billion (+ 35% YoY) on bond trading, JPMorgan - $ 4,33 billion (+ 48%), Bank of America (BofA) - $ 2,77 billion (+ 39%). Wells Fargo’s trading business is small, but in the III quarter "the picture was similar to what was done in JPMorgan», told John R. Shrewsberry, Senior Executive Vice President and Chief Financial Officer, to Bloomberg....

Netflix shares jumped 20% thanks to subscribers growth - 10/18/2016

On Monday, Netflix reported that number of the service’s subscribers has grown for the third quarter of this year. Now, total audience is reaching 3.2 million people, which significantly exceeded the streaming service’s own forecasts. Thanks to this, the company's revenue increased by 31% at once. This news, in turn, triggered a rapid jump in share price after close of NASDAQ trading session....

Verizon may refuse to buy Yahoo! - 10/14/2016

Verizon may refuse to buy Yahoo! because of the database hack happened in 2014 and the company’s co-operation with US intelligence agencies in the e-mail scanning, reports Reuters referring to the company's General Counsel Craig Silliman. At the meeting in the company's headquarters in Washington, Silliman spoke about the need to get a full picture of consequences of the breach, which resulted in...

Tesla dominates US luxury car market - 10/13/2016

Tesla Motors, even when faced with some problems in their activities due to the ever-expanding ambitions, continues to lead the market of luxury-class cars, reports Bloomberg. Sales of Tesla S model jumped 59% in the III quarter of this year compared to the same period last year. Thus, the company has consolidated its leadership in luxury car sales according to Tesla’s report. Previously, the...

Anheuser-Busсh InBev, SABMiller created the largest brewing company - 10/11/2016

The world's largest beer maker Anheuser-Busch InBev (AB InBev) announced closure of a historic deal to acquire its UK rival, brewer SABMiller, for $ 106 billion. Now, AB InBev is the largest brewing company in the world with an annual turnover of $ 55 billion, a quarter more before the deal, says Financial Times (FT). Stock trading of papers of the combined company will begin on 11 October. For...

Samsung stops production of Galaxy Note 7 - 10/11/2016

Today, South Korean company Samsung Electronics announced complete halt of production of Galaxy Note 7 smartphones as ignition of the devices continues even after repairs, Reuters reported citing informed sources. According to the agency, the company is also planning to permanently stop sales of the model. Samsung Electronics does not comment on the information. The company has lost $ 17 billion...

Why is the Twitter sale 'almost dead'? - 10/10/2016

The most probable buyers of Twitter, namely Walt Disney, Salesforce.com and Google, may refuse to sign the deal because of pressure from their investors, Bloomberg writes. Prospective takers of Twitter buyers are losing interest in the deal due to pressure from their investors – Bloomberg quoted sources familiar with the situation. The Agency says that Twitter’s sales is "almost dead" now. The...

Hong Kong's Noble Group waves goodbye to the USA - 10/10/2016

This morning, Hong Kong's Noble Group Limited announced sale of its US energy business unit to US Calpine Corporation. The company’s message says that Noble Americas Energy Solutions goes under the hammer for about $ 1.05 billion. The exact amount, taking into account particular conditions of the transaction, will be specified at the time of its closure, expected to happen in December. Noble...

Ford is closing plants in Australia - 10/07/2016

There are many reasons that led to closure of factories, yet the main of them is a significant rise in cost of production. On Friday, American automaker Ford is closing all of its plants in Australia. This was reported by ABC TV. Last Ford Falcon rolled off the production line at a Broadmeadows plant (Victoria). The XR6 series car will not be sold, but instead put in the factory museum, as it...
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