The Strategist
Companies & CEOs

Volkswagen net profit grows by 15.4% in 2019 - 03/17/2020

The after tax profit of the largest European automobile concern Volkswagen Group increased by 15.4% in 2019 compared to the previous year - up to €14.03 billion, according to the financial statements of the manufacturer. The car giant's revenue for the reporting period grew by 7.1% to €252.6 billion. Operating profit reached €16.96 billion, an increase of 21.8% compared with a year ago....

French LVMH starts producing hand sanitizer - 03/17/2020

Factories producing perfumes and cosmetics for the luxury holding LVMH will supply hand antiseptics due to the coronavirus. LVMH promises to produce 12 tons of antiseptics in the first week and stresses that the French authorities will receive products for free. Holding LVMH, owned by the richest man in Europe Bernard Arnault started production of hand sanitizers from Monday, writes CNBC with...

Elon Musk loses $5.5 billion for a week - 03/16/2020

Elon Musk, who called the panic because of the coronavirusstupid, lost $5.5 billion due to market instability, Forbes magazine reported. On March 6, the OPEC + countries were unable to agree either to change term and conditions of the deal to reduce oil production, or to extend it. As a result,restrictions on oil production in countries participating in the previous alliance will be liftedfrom...

Saudi Aramco’s net profit falls by 20.6% in 2019 - 03/16/2020

Net profit of Saudi Saudi Aramco in 2019 fell by 20.6% to $ 88.2 billion due to lower oil prices and weaker production, the largest oil company in the world reported. "The decrease can primarily be explained by lower oil prices and production volumes, together with lower margins in oil refining and petrochemicals, as well as with $ 1.6 billion loss associated with the Sadara Chemical Company,"...

Adidas net profit jumps by 16% in 2019 - 03/12/2020

The net profit attributable to the shareholders of one of the world's largest manufacturers of sportswear and accessories, the German Adidas AG, grew by 16.1% in 2019 compared to the previous year and reached €1.976 billion, the company said in a press release. Diluted earnings per share increased to €10 from €8.42 in 2018. The company's revenue grew by 8%, amounting to €23.64 billion. At the...

US Costco sales jump by 12% in February - 03/09/2020

Costco Wholesale Corp., an American club warehouse operator, reported a 12.1% increase in comparable sales in February and a shortage of certain products. The company associated this with the decision of buyers to stock up in bulk in case of coronavirus quarantine. In February, demand intensified on fears of an increase in the number of people infected in the United States. Sales could grow...

Uber to pay compensation to drivers infected with COVID-19 - 03/09/2020

Uber will pay compensation to those taxi drivers and couriers who have been infected with the new coronavirus, CNN reported citing the company’s senior vice president Andrew MacDonald. “We support drivers and couriers who are diagnosed with COVID-19 or who are quarantined by health authorities. Drivers and couriers who find themselves in these situations will receive compensation for up to 14...

Toyota expands recall of cars due to problems with fuel pump - 03/05/2020

Japanese automaker Toyota has expanded recall of cars due to problems with the fuel pump to 1.8 million cars of Toyota and Lexus brands, the company said in its release. At the beginning of the year, on January 13, the company announced recall of 696 thousand cars produced in 2018-2019 for some models of Lexus, Toyota 4Runner, Camry, Highlander, Land Cruiser, Sequoia, Sienna, Tacoma, Tundra,...

Alphabet's Waymo welcomes first foreign investors - 03/03/2020

Founded 11 years ago as one of Google’s small projects, Waymo is increasingly separating from its parent company. The developer of technologies for unmanned vehicles announced that it had invested $ 2.25 billion within the first round of attracting foreign investment. The independent Alphabet division announced that it does not intend to stop there and will continue to attract funds from outside...

Global stock markets lose $ 6 trillion in six trading days - 03/02/2020

Global stock markets have lost $ 6 trillion over the past six trading days, CNBC reports citing S&P Dow Jones Indices. Stock markets around the world are plunging into the correction zone, as investors fear that the outbreak of the coronavirus COVID-19 will develop into a pandemic. The US stock market has lost about $ 4 trillion in value over the past six trading days, said Howard Silverblatt,...
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