The Strategist
Companies & CEOs

Lyft settles suit with New York state on service clauses - 06/19/2015

US-based ride sharing service Lyft has settled a suit which alleged that the company violated the state laws of New York by paying $300,000.   Last year Attorney General of New York Eric Schneiderman and former NY Superintendent of Financial Services Benjamin Lawsky sued the company for what was termed as an illegal service within the country. The suit also went on to allege that Lyft ran...

Cisco to Invest $10 Billion in China - 06/18/2015

Cisco Systems Inc. to invest and joint projects in China worth more than $ 10 billion in the next few years to strengthen its position in this key market, reports MarketWatch. Cisco unveiled the investment plan after a meeting of top managers - the leaving CEO John Chambers and his successor, Chuck Robbins - with Vice Premier Wang Yang and other Chinese officials in Beijing. The company has not...

Swiss Prosecutor's Office Identified More than 100 Suspicious Banking Transactions Related to FIFA - 06/17/2015

The investigation team of Prosecutor of Switzerland collected data on 104 bank transactions that aroused suspicion during the investigation of cases of money laundering in the vote for the host country of the World Championships 2018 and 2022. - Our investigation is very difficult and quite large. For example, the Swiss prosecutor's office seized 9 terabytes of data. In addition, the...

Rupert Murdoch to hand over reins to his sons - 06/17/2015

21st century Fox CEO Rupert Murdoch will step down from his position and hand the helm of his company to his sons in another two weeks.   The Octogenarian will make his son James Murdoch as the next CEO. Currently, James Murdoch is the group's co-chief operating officer. Meanwhile, Rupert Murdoch will be on the board of the company as an executive co-chairman along with his eldest son...

Metcash to sell its automotive division for $275 million - 06/17/2015

Metcash, the wholesale supplier for IGA supermarkets in Australia, has announced the sales of its automotive division for $275 million after the company declared a huge loss of $384.2 million on write-downs.   The skyrocketing write-downs means that the company is depreciating in terms of asset value in the grocery market in the country. To make matters worse, the company made sales...

Toyota to Buy Its Shares Back - 06/16/2015

Japanese automaker Toyota Motor Corp. plans to buy back its own shares worth up to 600 billion yen ($ 4.9 billion), reports Bloomberg. Due this shares repurchase, the automaker intends to limit the dilution of shareholders after the additional issue of securities. Previously, the company approved a placement of new shares to long-term investors. Shares will be named "Model AA" in honor of the...

CVS Health to buy Target for $1.9 bn - 06/16/2015

US-based pharmacy and healthcare major CVS Health is planning to buy department store chain Target’s pharmacy business for $1.9 billion.   With the major acquisition, CVS, which already is the largest dispenser of prescription drugs, the biggest specialty pharmacy as well as health care clinic chain is in a position to underline its dominant position. The deal could mean that CVS will...

Google vs Twitch: Let the Game Begin - 06/15/2015

Google is preparing to launch a new website and a mobile app YouTube Gaming, which will be devoted exclusively to online games, on the basis of one of its largest asset, video hosting YouTube. This was reported in the company's official blog. According to media reports, a new service from Google will become the main competitor of Twitch. The creators of YouTube Gaming promise that the resource...

‘Hess Infrastructure Partners’ To Sell Their ‘Bakken Midstream Assets’ - 06/15/2015

The joint-venture of Hess Corporation and “Global Infrastructure Partners” announce their Bakken’s “midstream asset” sale. Thestrategist.media – 13 June 2015 – The StreetInsider reports that Hess Corp. Has come to a term of agreement whereby the company will put up a fifty percent sale on “its Bakken midstream assets to Global Infrastructure Partners”. The latter is one of the world’s leading...

Standard Pacific and Ryland Group to merge - 06/15/2015

Two major homebuilding group in the US, Standard Pacific Corp and Ryland Group Inc have announced their merger to become the fourth-largest homebuilder in the United States.   The merged new company is likely to become a market-dominant force, as pwe analysts. The new company will have a market capitalization of about $5.2 billion, with an enterprise value of about $8.2 billion. Together,...
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