The Strategist
Companies & CEOs

Maersk to split off transport unit - 09/22/2016

Danish conglomerate A.P. Moller-Maersk Group said that it is going to divide the business into two separate divisions: transport and energy. The conglomerate explained this decision by crisis in the sphere of cargo transportation and low oil prices. Maersk Line, the largest division of the company and the world's largest operator of container terminals in terms of power, will lead a new transport...

Chinese bank finished IPO of the year - 09/21/2016

Today, Postal Savings Bank of China (PSBC) raised about $ 7.4 billion during its IPO. Trading with PSBC shares should start on the Hong Kong Stock Exchange on 28 September. Initially, the bank planned to raise up to $ 8.1 billion, but investors considered the price too high. Nevertheless, this is the largest IPO in the world over the past two years. Postal Savings Bank of China Ltd. (PSBC), sixth...

Apple patented a paper bag - 09/20/2016

Apple has filed patents not only on various high-tech devices and software. Now, the company’s portfolio includes a patent on an ordinary paper bag with flexible handles, reports The Verge. Some might suggest that, perhaps, the bag is crammed with electronics, sensors, GPS, Bluetooth, a processor and software that transmits information on an iPhone paired with the bag. However, it’s not like...

EC suspected Luxembourg of illegally providing tax incentives to French Engie - 09/19/2016

The European Commission (EC) announced start of proceedings on a taxation scheme accorded to French power and gas group GDF Suez (now called Engie) in Luxembourg. "The Commission has a reason to believe that some of decision of Luxembourg’s tax authorities, contrary to the EU rules of the state support, could give GDF Suez an unfair advantage over other companies" - said the European Commission...

Samsung sold shares in four companies - 09/19/2016

Technology giant Samsung announced sale of shares of four companies, including ASML Holding NV and Seagate Technology Plc. Thus, the company in order to release funds for additional investments in its core business. Samsung stated that it sold about half of its shares of ASML, and the whole package of Seagate shares, that is, 4.2%. The company was also sold 0.7 percent stake in Sharp Corp and...

US authorities to impose a record fine on Deutsche Bank - 09/16/2016

US Justice Department demanded that Deutsche Bank pays $ 14 billion for its participation in the mortgage crisis of 2008. This amount may be the largest fine imposed by the American authorities to a foreign bank. US officials sent to the Germany's largest bank Deutsche Bank requirement to pay $ 14 billion for compensation for losses incurred as a result of the mortgage crisis of 2008. Press...

Unilever is planning to buy Jessica Alba's company - 09/16/2016

Unilever is in talks about purchase of a manufacturer of environmentally friendly cleaning products. The parties are discussing a sum of more than $ 1 billion, which is significantly less than last valuation of the company. Unilever, owns Dove and Domestos, is in talks to acquire Honest Co., founded by actress Jessica Alba. The company produces eco-friendly diapers and hygiene products, writes...

Walt Disney announced layoffs due to financial difficulties - 09/15/2016

American company Walt Disney announced downsizing in one of its units due to weak financial performance, according to The New York Times. The layoffs are related to Digital Media and Consumer Products Department. The company fired 250 employees in total, which is 5% of the entire labor force employed in these areas. This is not the first personnel reduction at Walt Disney in recent months. In May...

PotashCorp and Agrium Inc. to merge into the largest producer of fertilizers - 09/13/2016

Canadian fertilizer producers Agrium Inc. and PotashCorp are going to merge. They will create the largest player in the global fertilizer market with capitalization of $ 36 billion by the middle of 2017. The largest North American retailer of agricultural products Agrium Inc. and the world’s leading in terms of capacity manufacturer of fertilizers Potash Corporation of Saskatchewan Inc....

HP to buy Samsung's printer business - 09/12/2016

Samsung Electronics decided to get rid of its business for production of printers, and has already found a buyer - American HP Inc. The transaction is valued at US $ 1.05 billion, and Samsung has also committed to purchase HP shares (publicly traded) in the amount of $ 100 to $ 300 million. HP believes that, despite the shrinking global market of printing and copying devices, the deal with the...
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