The Strategist
Companies & CEOs

HP Inc. profit decreases twice - 05/24/2019

Net profit of the American company HP Inc. decreased twice in annual terms to $ 1,585 billion in the first half of the 2018-2019 fiscal year ended on April 30. Diluted earnings per share were $ 1.02 versus $ 1.81 a year earlier. Revenues for the year increased by 0.8% to $ 28.746 billion Net income in the second quarter of the fiscal year declined by 26% to $ 782 million compared to the first...

Toshiba Memory to buy back its shares - 05/23/2019

Apple, Dell Technologies, Kingston Technology and Seagate are planning to sell their shares in Toshiba Memory chip maker, The Wall Street Journal (WSJ) reports, citing sources familiar with the situation. In 2017, Toshiba Memory was bought by a consortium led by investment giant Bain for 2 trillion yen ($ 18 billion). However, Toshiba still has 40.2% of the shares, giving the right to vote. The...

Analyst tells about Apple's plans to buy Tesla in 2013 - 05/23/2019

Craig Irwin, analyst at Roth Capital Partners, said that Apple wanted to buy Tesla electric car maker at $ 240 per share in 2013. The deal eventually did not take place, and the papers of the company now cost less than $ 200. Back in 2013, Apple seriously considered the possibility of buying Tesla and offered a price of $ 240 per share, Roth Capital Partners analyst Craig Irwin told on CNBC....

Morgan Stanley expects sharp drop in Tesla shares - 05/22/2019

Since the beginning of the year, Tesla Motors shares have already lost about 40% of their value, but Morgan Stanley believes that the worst may be ahead. According to a revised assessment, the automaker's papers could fall in price to $ 10 apiece within unfavorable scenarios. Previously, bank analysts thought it was possible for them to drop to $ 97. Morgan Stanley reduced the outlook for Tesla...

Jamie Oliver’s restaurants in the UK announce bankruptcy - 05/22/2019

The well-known British chef, TV presenter and restaurateur Jamie Oliver announced bankruptcy of his 25 restaurants in the UK. Experts note that Mr. Oliver’s establishments could not withstand competition from other participants of the restaurant market in the casual segment. “I’m just shocked that our favorite restaurants in the UK are forced to come under external control. I’m deeply saddened by...

Google switches online shopping on - 05/21/2019

16 years ago, Google launched the Froogle service. It allowed users to search for products and compare prices from different vendors. Over the years, Google has evolved from just a successful Internet search engine to a corporation with a huge portfolio of online services. The company's attitude towards online trading has also changed. Froogle first turned into Google Product Search when it was...

BofA names top 10 companies to invest in during the trade war - 05/21/2019

Wall Street analysts are still trying to find firms capable of withstanding the US-China trade tensions. Meanwhile, Bank of America has conducted a more rigorous selection process. Bank experts made a list of 10 companies that, even in the worst scenario, will be able to survive a full-scale trade war between the two economic superpowers. BofA analysts explain their choice by saying that these...

Microsoft, Sony announce joint online entertainment and games projects - 05/20/2019

Sony’s Head Kenichiro Yoshida and Microsoft’s Head Satya Nadella signed a memorandum of understanding. Two competing corporate divisions - Microsoft Xbox and Sony PlayStation - will collaborate in the field of streaming. "In accordance with the memorandum of understanding signed by the parties, both companies are planning to jointly develop future cloud solutions in Microsoft Azure to support...

Huawei: Restricting business in the US will result in sluggish development of 5G - 05/16/2019

Chinese technology giant Huawei Technologies said that attempts to remove it from doing business in the United States will lead the country to lag behind in the development of next-generation mobile networks, according to CNBC. US President Donald Trump on Wednesday signed a decree that gives the government the authority to block information and communications technology transactions that "pose...

US couple wins $2 mlrd payout against Bayer’s Roundup herbicide - 05/15/2019

California jury ordered Bayer, the German chemical and pharmaceutical concern, to pay more than $ 2 billion to an American couple on the Roundup herbicide case. According to the plaintiffs, the glyphosate in the composition of weed control produced by the American company Monsanto, which Bayer acquired last year, contributed to development of cancer in them. The prosecution also tried to convince...
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