The Strategist
Companies & CEOs

Italy to create a new national air carrier - 10/12/2020

The Italian government has decided to create a new national air carrier, which will be called Alitalia ITA. A special decree on the creation of the country's largest airline was signed by the Ministers of Finance, Transport, Economic Development and Labor of Italy. "A leading national airline is born, which must play an important role in the European and international market. This is a production...

IBM to spin off managed infrastructure services into a separate public company - 10/09/2020

IBM has announced an upcoming business reorganization. This will include reorienting the company to the cloud business and spinning off the Managed Infrastructure Services division into a separate public company. According to a press release, the new company, whose name has yet to be found, will become the global leader in the IaaS market. It already has more than 4.6 thousand clients from 115...

Chevron to dismiss 15% of staff - 10/08/2020

US oil and gas corporation Chevron plans to dismiss at least 15% of its employees amid the difficulties caused by the COVID-19 coronavirus pandemic. According to Reuters’ sources, the company's management intends to restructure the organization. Chevron employees around the world have received recent hiring notices to reapply. Within a few weeks, those of the current employees, in whose...

WSJ: Facebook considers splitting "a dead aim" - 10/06/2020

Attempts by the U.S. government to split Facebook Inc. from WhatsApp and Instagram will violate existing legislation, worth billions and harm users, states a paper by the company's lawyers composed to prepare for rising legal risks. The paper, read by WSJ, announces protection measures to which the company may resort. At that, the US watchdogs and Congress members keep examining former activities...

World's second-largest movie theaters chain shuts down theaters in UK and USA - 10/05/2020

The second largest cinema chain in the world is on the verge of collapse and intends to shut down of its theaters in the UK, Ireland and the United States next week. This is reported by The Sunday Times with reference to its own sources in the company. The reason for this decision is the delay of the premiere of the films "No Time to Die" and "F9" by the Universal studio until 2021. Movie theater...

Playboy shares will be traded again after merger with a shell company - 10/02/2020

US Playboy Enterprises Inc, the publisher of the magazine of the same name, will cease to be a private company and will again bring its shares to the open market. Playboy will go public after the merger with Mountain Crest Acquisition Corp. as part of the deal, according to which it was estimated at $ 415 million, reports The Wall Street Journal. Mountain Crest is a special purpose acquisition...

Uber wins right to work in London - 09/29/2020

Westminster Magistrates' Court ruled on the possibility of returning the online taxi service Uber a license to operate in London. The court concluded that the service is now working properly in order to be licensed, despite shortcomings in the past. In November last year, the London Transport watchdog (TfL) refused to renew Uber’s license in London due to “a number of omissions that threaten...

Large US shale companies Devon Energy and WPX to merge - 09/29/2020

Two US shale oil producers - Devon Energy and WPX Energy - have announced a merger. Devon will pay $ 2.5 billion for WPX, and the combined company's total value, according to the announcement, will be about $ 12 billion, although the market value of both companies is about $ 6 billion. In any case, this is one of the largest mergers in the American shale industry. The entire amount will be paid...

Harley-Davidson leaves India - 09/28/2020

American Harley-Davidson has announced its exit from the Indian market, the world's largest motorcycle market. This is stated in the materials that the company sent to the US Securities and Exchange Commission (SEC). The company is discontinuing sales and manufacturing operations as part of additional restructuring measures that were reported to employees on September 24. As a result, about 70...

Epic Games and Spotify create coalition against Apple - 09/25/2020

More than a dozen tech companies, including Epic Games, Spotify, Match Group (which owns Tinder and other dating services), and Blockchain.com, have founded the Coalition for App Fairness. Its main goal is to fight Apple and its rules. Members of the coalition, most of whom are already suing Apple for one reason or another, have put forward three main complaints against the American corporation....
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