The Strategist
Companies & CEOs

Intel buys chip maker Tower Semiconductor - 02/16/2022

U.S. Intel is buying Israeli semiconductor maker Tower Semiconductor for $5.4 billion, Intel said in a statement. "Intel and Tower Semiconductor, a manufacturer of analog semiconductors, today announced a definitive agreement under which Intel will acquire Tower for $53 per share, bringing the total enterprise value to about $5.4 billion," the statement reads. The deal was unanimously approved...

Peruvian authorities fine Spanish Repsol over oil spill - 02/14/2022

The Peruvian authorities have fined the Spanish company Repsol for $120,000 in connection with an oil leak at its refinery, the Peruvian Ministry of the Environment reported. This week, Repsol begins the final cleanup after an oil spill off Peru's coast. A fine is reportedly being imposed for failure to clean up the oil spill. "Environment Minister Modesto Montoya has inspected the work...

Credit Suisse shares fall 9% after bank reports high legal costs - 02/11/2022

Shares of Swiss bank Credit Suisse fell 9.29 percent Thursday, Feb. 10, after it reported a loss in 2021 caused by increased provisions for litigation. The bank's shares were at $9.08 a share at the close of trading and lost nearly a dollar in value, rising to $9.1 in the post-market. The bank's stock has fallen more than 27 percent in the past 12 months, CNBC noted. Credit Suisse announced...

Moller-Maersk to buy American Pilot Freight Services - 02/10/2022

Danish maritime container carrier A.P. Moller-Maersk A/S will acquire Pilot Freight Services (Pilot) for $1.68 billion, according to Moller-Maerskā€™s press release. "AP Moller-Maersk announces its intention to acquire Pilot Freight Services (Pilot), a leading U.S. provider of first, middle and last mile services and border crossing solutions, specializing in the North American oversize cargo...

Toyota's net profit grows in first nine months of fiscal year - 02/09/2022

Japan's Toyota Motor Corp. net income for the nine months (April 1 to December 31) of the fiscal year 2021-2022 rose 45 percent year on year to 2.316 trillion yen ($20 billion), the company said in a report. Diluted earnings per share were 166.45 yen ($1.44) compared with 104.01 yen ($0.9) for the same period in the previous fiscal year. The company's revenue in annual terms increased by 19% - to...

Toshiba to split into two companies instead of three - 02/08/2022

Japanese electronics giant Toshiba Corporation will split into two companies instead of three as previously planned, the company said. "Toshiba announced its intention to split the company into two separate companies instead of three as previously announced," the release said. In November, Toshiba had announced its intention to split into three parts, Infrastructure Service Co., Device Co. and...

Credit Suisse secures billionaires' loans for yachts and planes - 02/08/2022

Swiss bank Credit Suisse securitized loans to billionaires for yachts and business jets. It sold some of the risks associated with $2 billion in such loans to hedge funds at the end of 2021, the Financial Times found out. Swiss bank Credit Suisse securitized a portfolio of yacht and jet loans to super-rich clients, the Financial Times reported, citing a presentation of the deal to investors. The...

Amazon, Nike interested in buying home fitness equipment manufacturer Peloton - 02/07/2022

Amazon and Nike began to consider buying home fitness equipment manufacturer Peloton, the WSJ and FT learned. On the back of this news, the company's shares rose 26%. Amazon was among the companies that are interested in buying the home fitness equipment manufacturer Peloton, sources told The Wall Street Journal. Amazon has been in touch with advisers about the potential deal, they said. The...

World's largest oil company ponders additional listing for $50B - 02/07/2022

The most profitable oil company in the world, Saudi Aramco, may additionally float shares worth $50 billion, the WSJ learned. At the current valuation, this is equivalent to 2.5% of the company's shares. The placement, if it takes place, will be the largest in history. Saudi Aramco, the Saudi state-owned oil company, has returned to discussing placement of additional shares on the stock exchange,...

Sony's market cap loses $25B due to chips shortage - 02/04/2022

Sony's market value has fallen by $25 billion since the beginning of the year because of a shortage of chips for the PS5 game console. The pressure on the share price was also put by fears of increased competition with Microsoft, which recently agreed to buy Activision. Sony's market value has fallen by $25.71 billion since the beginning of the year because of a shortage of chips, including for...
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