The Strategist
Companies & CEOs

Canon's Q3 profit drops by 43% - 10/29/2019

Canon camera maker reported a 43% year-on-year decrease in net profit in Q3 due to a drop in sales of cameras, office printers and industrial equipment. The figure was 26.52 billion yen ($ 244.1 million) against 46.26 billion yen a year earlier. Analysts polled by FactSet forecasted the company’s net profit to average 35.67 billion yen. Canon's revenue for the reporting period decreased by...

Amazon may challenge loss of $10 bln contract to Microsoft - 10/29/2019

Amazon may challenge the loss of the US Department of Defense contract for $ 10 billion to Microsoft, reports Reuters. If the company decides to act, then this will happen next week. A source told the agency that it was considering options to challenge the Pentagon’s decision. Amazon did not comment on its next steps. Experts said that the company has two main options. It may apply to the...

H&M Head warns of “terrible consequences” of anti-consumption movement - 10/28/2019

A growing movement against consumption could turn into serious social problems, says Head of H&M. According to him, concern for the environment should not interfere with other global issues, especially the fight against poverty. The movement that condemns consumption seeks to ban a lot: for example, they demand to refuse air travel or stop buying things, said H&M CEO Karl-Johan Persson,...

Uber tries on cooking classes - 10/28/2019

Uber launched a service for booking culinary master classes through its application in test mode. So far, the experiment is being conducted only in San Francisco. Uber is exploring a new way to offer customers food through Uber Eats, and this has nothing to do with delivery. Last Friday, Uber launched a pilot project called Uber Moments. It allows customers to book culinary master classes in the...

Twitter stock nosedives after weak quarter - 10/25/2019

Twitter Inc. stocks fell by 20% to $ 31.45 apiece at the start of trading according to the New York Stock Exchange. After a couple of hours, the rate of decline slowed down by 18.93% to $ 31.3. This corresponds to approximately $ 6-7 billion loss in market value. Before the exchange opened in New York, the company was worth $ 30 billion. At this time, US stock indexes fell by 0.2-0.3%. The...

Cubana de Aviación cancels flights to Mexico due to US sanctions - 10/24/2019

In addition, the national airline of Cuba will stop flying to the Caribbean and Venezuela. Washington tightened measures regarding the export and re-export of a number of products to Cuba. They also affected the leasing of aircraft and ships, telecommunications equipment and donations. In addition, all licenses previously issued to state Cuban carriers for leasing aircraft and ships will be...

Macy's, Bloomingdale's to stop selling real fur clothes - 10/23/2019

American retailer Macy's Inc. announced that it would completely abandon the sale of natural fur products by the end of fiscal year 2020. This decision will affect both Macy's and Bloomingdale's stores and the company's discount chains, according to the press release. At the same time, Macy's will close all of its fur stores and salons. "Over the past two years, we have been closely following...

Nike CEO steps down - 10/23/2019

After 13 years serving to the company, Nike CEO Mark Parker will leave this post, according to a press release published on the company's official website. He will be replaced by John Donahoe, who has been a member of the Nike board of directors since 2014. He is also President and CEO of ServiceNow, a global leader in cloud ITSM platform manufacturers, as well as Chairman of PayPal Holdings....

GE Hitachi teams up with Synthos to build Poland's first nuclear power plant - 10/22/2019

US-Japanese company GE Hitachi (GEH) and Polish company Synthos have signed a protocol of intent to deploy the BWRX-300 small modular nuclear reactor in Poland, which will be the first industrial reactor in the country, follows from GEH press release. "The BWRX-300 is a breakthrough in the industry for which price has become a serious obstacle," said Jon Ball, GEH's vice president of nuclear...

Danone lowers sales outlook for 2019 - 10/21/2019

Sales of French company Danone in physical terms fell by 1.6% year on year in the third quarter of 2019, the company said. In money, on the contrary, they grew by 3.7% to €6.4 billion. The company explains the decline in volumes by a decrease in demand for drinking water in Europe, as well as for dairy and vegetable products in the CIS countries. Danone also admitted difficulties with sales in...
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