The Strategist
Companies & CEOs

Super Mario Run pushed Nintendo's shares up by more than 13% - 09/08/2016

Today, shares of Nintendo on the Tokyo Stock Exchange rose by 13.2%, from 24695 to 27955 yen apiece. The jump followed rapid growth of American Depositary Receipts (ADR) of the company on the NASDAQ stock exchange. These securities went up immediately to 28.79% (from $ 28.2 to $ 36.32) just during one day. Wall Street Journal’s experts attribute such a rapid growth of Nintendo’s securities to...

John Malone to buy Formula One - 09/08/2016

Liberty Media owned by American billionaire John Malone announced its intention to purchase Formula One auto races from a consortium of vendors led by private equity firm CVC, reports The Wall Street Journal. CVC Capital Partners, based in London, bought a controlling stake in Formula One in 2006. 100% stake in the franchise is estimated at $ 4.4 billion. Total worth of the race is $ 8 billion,...

Elon Musk will pay $ 50 million for explosion of Falcon 9 - 09/06/2016

Israeli company Space Communication Ltd, an owner of telecommunications satellite AMOS-6 destroyed because of an explosion of launch vehicle Falcon 9, may require compensation of $ 50 million, or a free rocket launch from American aerospace company SpaceX. Space Communication can also exact $ 205 million from Israeli corporation Aerospace Industries, which designed and built Amos-6. SpaceX...

General Electric to buy two European 3D printing companies for $ 1.4 billion - 09/06/2016

Engineering company General Electric is planning to buy two European companies specializing in 3D-printing technology. The American company is going to use the two manufacturers to create parts of jet aircraft and automobile engines. GE expects to spend a total of about $ 1.4 billion on the transactions. In particular, GE is ready to acquire Swedish Arcam, one of the American company's main...

Visa will create a competitor to SWIFT - 09/02/2016

Visa payment system in collaboration with British technology company BTL Group is working on integration of the blockchain technology in inter-bank transfers. The company invites creditors to test remittances using the blockchain. The project is supposed to reduce costs, accelerate time of transfers and lower risks for partners. BTL Group was founded last year by Guy and Hugh Halford-Thompson....

Elon Musk is going through a bad patch - 09/02/2016

Cargo rocket Falcon 9 of Space X, owned by Elon Musk, exploded on a launch pad at a Cape Canaveral’s spaceport, reported television channel MSNBC. Launch of Falcon 9 was scheduled for September 3 with aim to put Israeli communications satellite Amos-6 into the orbit. Local department of the USA Emergency services are assuring that there is no danger for people in the nearby vicinity. The...

Dell obtained permission to create a 'supermarket of business IT solutions' - 08/31/2016

Dell Inc. said on Wednesday that it has received approval of the Chinese regulators, and now intends to complete its merger with EMC Corp. by 7 September. The deal, worth $ 60 billion, is expected to become the largest merger in the technology sector’s history. Approval from China's Ministry of Commerce was the only remaining obstacle to the deal, which was sanctioned by shareholders of EMC on...

Exxon to get rid of another oil refinery - 08/31/2016

The American oil giant ExxonMobil started to look for a possible buyer for a refinery in the city of Billings, Montana. The facility is one of the company's refineries, not integrated in its petrochemical business. At least one potential buyer has already visited the plant, which capacity amounts to 60 thousand barrels per day. According to some sources, the refinery can cost $ 500-700 million....

88 year-old retailer BHS is now fully closed - 08/29/2016

Last 22 stores of major British retail chain BHS closed this Sunday after 88 years of presence in the market. BHS network, numbered 164 department store, in April passed under temporary management of consulting firm Duff & Phelps because of debts. Currently, the company is being wound up, more than 11 thousand employees were dismissed. Potential buyers were scared off by a "hole" of 571...

Uber had $1,2 bln losses in the first six months of 2016 - 08/26/2016

Uber lost $ 1.2 billion in the first half of 2016. The main item of expenditure was payments to drivers. Uber Technologies, creator of the taxi service, suffered losses of at least US $ 1.2 billion in the first half of 2016, Bloomberg reported, citing sources familiar with the situation. Uber Technologies is not a public company, yet discloses its performance every three months during a...
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