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Turkey’s Erdogan says to challenge ‘games’ on the economy

“ANKARA (Reuters) – A day after two major ratings agencies downgraded Turkey closer to junk status amid a currency crisis, Turkish President Tayyip Erdogan said he would challenge those playing “games” on the economy” writes Midwest Communications Inc for 95kqds.com. “Today some people are trying to threaten us through the economy, through interest rates, foreign exchange, investment and inflation,” Erdogan told the congress of his ruling AK Party. “We did not and will not surrender to those who act like a strategic partner but make us a strategic target,” Erdogan…

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Email from owner of New York magazine says it stepped up efforts to get bigger via acquisitions

“The owner of New York magazine has confirmed the company is exploring strategic options in an internal email obtained by CNBC after a Wall Street Journal article said the company was exploring a potential sale” writes Alex Sherman for cnbc.com. In an email to employees, Pam Wasserstein, the CEO of New York Media, which owns New York magazine and several other websites, said her family “would be happy to continue owning” the business for years to come.She then alluded to growing the business through acquisition, though it was unclear if…

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Elon Musk’s SpaceX could play ‘crucial role’ in his plan to take Tesla private: Morgan Stanley

“We do not have knowledge of how much of Elon Musk’s SpaceX shares (if any) are currently pledged as collateral for any existing loans,” he said” writes Tae Kim for cnbc.com. Tesla shares surged 11 percent last Tuesday after he tweeted that he is considering taking the company private at a $420 per share price. Source: cnbc.com Share This:

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What the Best Nonprofits Know About Strategy

“The nonprofit model has a strategic edge beyond tax exemption, and the best nonprofit leaders learn to leverage it” reports hbr.org. This unwavering focus on an underserved market segment, even when there are others who could benefit from the nonprofit’s programs, drives all aspects of the organization’s strategy, pushing successful nonprofits to design the best solutions for that customer’s situation.Founded by experienced nonprofit entrepreneur Nancy Lublin, the organization designed its product strategy around a squad of unpaid counselors who volunteer 200+ hours a year to the service.Many of these nonprofits use…

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In 1997, Jeff Bezos touted relationships with ‘important strategic partners’ like AOL — 20 years later, Amazon has left them all in the dust as it inches toward $1 trillion

“In Amazon’s first letter to shareholders after going public in 1997, among the many accomplishments CEO Jeff Bezos touted was that the company “established long-term relationships with many important strategic partners, including America Online, Yahoo!, Excite, Netscape, GeoCities, AltaVista, @Home, and Prodigy.”” writes Andy Kiersz for businessinsider.com. Meanwhile, the eight strategic partners on Bezos’ list — all major players in the late 90s tech boom — no longer exist as independent entities, either going defunct in the years after the bubble burst or being acquired by other tech and telecommunications…

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In 1997, Jeff Bezos touted Amazon’s relationships with ‘important strategic partners’ like AOL — and 20 years later, his company has left them all in the dust

“In Amazon’s first letter to shareholders after going public in 1997, among the many accomplishments CEO Jeff Bezos touted was that the company “established long-term relationships with many important strategic partners, including America Online, Yahoo!, Excite, Netscape, GeoCities, AltaVista, @Home, and Prodigy.”” writes Finanzen Net Gmbh for businessinsider.com. Meanwhile, the eight strategic partners on Bezos’ list — all major players in the late 90s tech boom — no longer exist as independent entities, either going defunct in the years after the bubble burst or being acquired by other tech and…

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Fiat Chrysler expected to move ahead with captive plan under new CEO

“The sudden change in management atop Fiat Chrysler Automobiles, prompted by the recent illness and death of former CEO Sergio Marchionne, should not derail the company’s plan to launch a U.S. captive finance arm” writes Jackie Charniga for autonews.com. Manley is expected to adhere to a new five-year strategic plan the company laid out to investors and analysts on June 1.Manley will likely uphold the plan Marchionne outlined for stockholders and analysts last month, she added, because he played a vital role in crafting it.Palmer suggested that FCA would pursue…

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Penn Virginia shares halted for ‘strategic initiatives’ announcement

“PVAC, -0.60% shares were halted in the extended session Monday just before the oil and gas company said it was evaluating strategic initiatives” writes Wallace Witkowski for marketwatch.com. In a statement, the company said those initiatives could include “a corporate sale, merger or other business combination, one or more strategic acquisitions, or other transactions.”. No timetable has been set and the company hired Jefferies LLC as its advisor in the matter. Source: marketwatch.com Share This:

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FTD top execs leave amid restructuring; board pondering sale

“FTD, +1.35% announced the departure of its chief executive, chief operating officer and chief marketing officer Thursday afternoon, and said the board was reviewing strategic alternatives while immediately restructuring the company” writes Jeremy C for marketwatch.com. The company also said it would eliminate the COO position, previously held by Simha Kumar, and that CMO Jeffrey Severts would leave the company.The company also reduced its forecast for annual 2018 profit and revenue. Source: marketwatch.com Share This:

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