The Strategist
Companies & CEOs

Glencore Showed The Worst Annual Accounts Ever - 03/01/2016

2015 annual accounts of one of the largest suppliers of raw materials - Glencore – showed up the weakest for the company since it became public. Net loss triggered by falling oil prices reached almost $ 5 billion. According to the Swiss company's statements of 2015, Glencore’s net loss was $ 4.96 billion against last year's profit of $ 2.3 billion. The profit was reduced by 70% for the year to $...

Foxconn To Tie Up With Sharp for $ 6.25 Billion - 02/25/2016

Today it was announced that Sharp Corporation of Japan accepted a purchase proposal from the Taiwanese company Foxconn. The deal amounted to $ 6.25 billion. In connection with the current deal, Japan resumed debate on the admissibility of the sale of large companies to foreign investors. Taiwanese technology company Foxconn Technology Group will acquire Japanese Sharp Corporation, the transaction...

Investors From UAE Will Demolish Scotland Yard - 02/24/2016

The company Abu Dhabi Financial Group, which acquired the headquarters building of the Metropolitan Police known as Scotland Yard in 2014, has received permission for the demolition of the object. According to the project, the place will be occupied by six high-rise buildings with house shops and offices on the lower floors will, and superadjacent luxury apartments. Scotland Yard with...

"London Whale" of JPMorgan Broke Four Years of Silence - 02/23/2016

A former trader of JP Morgan Chase & Co. Bruno Michel Iksil, known as "London whale," broke a four-year silence and said he was not guilty of the bank’s multibillion-dollar losses. Mr. Iksil wrote this in a letter to various business media, including Bloomberg. Iksil said that JPMorgan used him as a "scapegoat", placing him personally responsible for the loss incurred by the bank due to the...

Statoil to Invest Almost Two Billion Kroner in Renewable Energy - 02/17/2016

Norwegian oil and gas Statoil established an investment fund for financing renewable energy projects, according to the company’s statement. Until 2022, Statoil expects to invest in green energy to $ 200 million (1.7 billion kroner). The company is ready to finance projects for the extraction of wind and solar energy, solutions in the storage and transportation of energy and intelligent energy...

IKEA Accused of Tax Evasion Worth € 1 Billion in Europe - 02/16/2016

The European Commission will examine a report accusing the Swedish retailer IKEA of evasion of at least 1 billion euros for the 2009-14 tax years. This reported Reuters, citing a statement of the European Commission’s representative. February 12, 2016, the European parliamentary group " The Greens/European Free Alliance » published a report on the Swedish company’s tax efficiency. The politicians...

Uber Will Spend a Total of $ 28.5 Million To Settle Two Lawsuits - 02/12/2016

Uber taxi service agreed to pay $ 28.5 million to participants in two class actions filed against the company in connection with introduction of its special "Commission for a safe ride." The total number of claimants eligible for compensation is about 25 million people. On Thursday evening, it became known that the taxi service Uber has agreed to settle out of court two class action filed against...

Societe Generale Upset Investors - 02/11/2016

Today, the leading French bank Societe Generale has reported on its performance in the fourth quarter of 2015 and for the entire 2015. Total income of the bank grew in general. However, the difficult situation in Russia has deteriorated results of international retail operations. In addition, the bank warned that the current year’s performance may not achieve its goals in terms of profitability,...

The Norwegian Opera Browser Will Become Chinese For $ 1.2 Billion - 02/10/2016

Norwegian company Opera Software, the developer and owner of the Opera web browser, has received a purchase offer worth $ 1.2 billion from Chinese investors. The Norwegians hope that the deal will let the company carry out a large-scale expansion towards the gigantic Chinese market, and will provide the funds necessary for further development. Today's post of the Norwegian company Opera Software...

Foxconn To Strike A Deal With Sharp Before The End Of February - 02/09/2016

Taiwanese contract manufacturer Foxconn Electronics intends to conclude an agreement with Sharp to buy its Japanese vendor until the end of this February. The company managed to reach a preliminary agreement, as told by Foxconn’s chairman Terry Gou. Last Friday, Foxconn’s head held eight-hour talks with Sharp’s Kozo Takahashi President and other leaders of the company. Previously, the news media...
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