The Strategist
Companies & CEOs

French eyeglasses’ expert writes success story - 07/23/2019

French eyewear firm Optic 2000 is ending the first phase of its development strategy: domestic market domination. Since 2004, it has maintained leadership in France and Switzerland, and is now focusing its efforts towards technological innovation, so as to address the second phase of its development: international markets. What lies behinds the French firm’s success?

Equifax to pay $ 700 million to compensate data breach losses - 07/23/2019

American credit bureau Equifax Inc will pay a total of about $ 700 million to settle claims of regulators and customers associated with a large-scale cybersecurity breach, as a result of which hackers could get access to personal data of 145 million people. About $ 425 million of this amount will be used to compensate losses to customers affected by the data leak as well as to provide them with...

China opens Nasdaq-like stock exchange - 07/22/2019

Trading at Chinese STAR, Nasdaq-like market, just started. Growth of shares on the new site reached 520%, which exceeded expectations of veteran investors, reports Reuters. The first 25 companies that made their debut on the stock exchange more than doubled their IPO prices on the STAR Market, which is managed by the Shanghai Stock Exchange. Trading in semiconductor manufacturer Anji...

Microsoft doubles profit over year - 07/19/2019

The world's largest software maker Microsoft Corp. sharply increased net profit and revenue in the past fiscal year, and now expects growth rates of more than 10% in the current financial system. At the end of last fiscal year ended June 30, Microsoft's net profit jumped to $ 39.24 billion from $ 16.57 billion a year earlier. Revenue increased to $ 125.8 billion from $ 110.4 billion, according to...

Tesla discontinues cheapest versions of Model X and S - 07/17/2019

Tesla announced a reduction in configuration of models S and X, as well as lower price for the budget Model 3. The company believes that these changes will help optimize the range and stimulate sales. The standard configurations were removed from the five-door liftback S and X crossover lines: these models will now be available in more expensive models with more powerful batteries - Long Range...

Here's how Boeing's problems supported Airbus growth - 07/17/2019

Shipments of Boeing fell by 37% in the second quarter after two fatal accidents involving the company's best-selling aircraft. In the meantime, European Airbus has significantly advanced in the competition between the world's leading manufacturers of air vehicles. On Tuesday, Airbus representatives reported that the company delivered 389 aircraft in the first half of the year, which is 28% more...

Alibaba's shareholders approve stock split - 07/16/2019

The stock split, which is expected to take place before July 15, 2020, is proposed to be held in the ratio of 1 to 8. This means that the current number of ordinary stocks, which is 4 billion, will increase to 32 billion. The voting took place at...

AB InBev refuses nearly $10 bln deal - 07/16/2019

The world's largest beer producer Anheuser-Busch (AB) InBev announced its refusal to place shares in its Asian division of Budweiser Brewing Company APAC on the Hong Kong Stock Exchange. The company canceled the deal "for several reasons, including the situation on the market." The key factor was the price: investors found it too high, reports The Wall Street Journal (WSJ), citing several...

Huawei plans massive layoffs at its US subsidiary - 07/15/2019

Chinese telecommunications giant Huawei plans to lay off hundreds of employees in Futurewei research company, Huawei’s subsidiary structure in the United States, The Wall Street Journal reported. Total number of Futurewei’s employees is 850 people, its offices are located in the states of Texas, California and Washington. The publication refers to its own sources. It notes that the exact number...

Reckitt Benckiser gets $ 1.4 bln fine in the US for advertising opioid dependence drug - 07/12/2019

Reckitt Benckiser Corporation will pay $ 1.4 billion to settle charges of the US authorities in connection with the sale of Suboxone drug, which allegedly cured opioid dependence better than other drugs. The US Department of Justice called the fine "the largest reimbursement for opioid drugs in American history." At the same time, the officials once again noted that "the United States is...
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