News 

Thyssenkrupp needs new strategy, targets not enough: investor

“Former Thyssenkrupp finance chief Stefan Kirsten, former Siemens board member Siegfried Russwurm and Lanxess CEO Matthias Zachert have been tipped as potential candidates. “(Kerkhoff) stands for the old strategy” writes Midwest Communications Inc for 95kqds.com. “Thyssenkrupp needs a strategy shift.DUESSELDORF (Reuters) – Thyssenkrupp needs a broad overhaul in strategy carried about by a new external chief executive, as mid-term targets announced this week will not be enough to put the German group back on track, according to one of its investors.There, the main questions are who the new CEO will…

Read More
News 

Instinet’s CEO is preparing to leave, and a new hire from Goldman Sachs might take his place

“The chief executive officer at Instinet, the agency broker owned by Japanese investment bank Nomura, is preparing to step down later this year, according to people familiar with the mater” writes Frank Chaparro for businessinsider.com. Recently, Financial News reported that Ralston Roberts, a electronic trader executive from Goldman Sachs,was joining Instinet as chief operating officer. Instinet provides algorithmic trading products, trading analytics, and other execution services, working out of offices in New York, London, San Francisco, Edinburgh, and Hong Kong.Instinet CEO Jonathan Kellner joined the company in 2007 as its…

Read More
News 

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…

Read More
News 

Danish jeweller Pandora’s chief executive steps down after profit warning

“Danish jewelry maker Pandora’s chief executive, Anders Colding Friis, is stepping down, the firm said on Thursday, just days after warning of lower sales and profit margins this year” writes Carsten Snejbjerg Bloomberg for cnbc.com. Late on Monday, it slashed its 2018 sales growth outlook to 4-7 percent, and its EBITDA margin outlook for the year to around 32 percent.Like-for-like sales growth in the second quarter was down 1 percent compared to a 5 percent decrease in the previous quarter.Pandora confirmed preliminary second-quarter sales of 4.8 billion crowns and an…

Read More
News 

ProofPoint Warns Of Bank Trojans: A Massive Threat Executives May Overlook

“The bank Trojan strategy convinces targets to download malware by disguising it as a legitimate link or other seemingly innocent software” reports pymnts.com. In its latest quarterly report, cybersecurity firm ProofPoint emphasized the continued reign of the bank Trojan — a strategy that accounted for 42 percent of the attacks analyzed by ProofPoint for the year’s second quarter.Such a high percentage cannot be ignored, and while this type of attack appears to be on the decline, ProofPoint noted that the bank Trojan is quickly evolving, resulting in a wide array…

Read More
News 

Here’s Paul Manafort’s strategy for acquittal

“In the ongoing trial of former Trump campaign chairman Paul Manafort, the latter’s defense team has a two-track strategy to win acquittal” reports washingtonexaminer.com. Remember, the defense doesn’t need to persuade jurors that Gates was responsible or even likely to have been unilaterally responsible for the crimes Manafort is charged with.So, if the defense team can produce even a doubt in the jurors’ minds that Gates may have been responsible (and not Manafort) for the crimes, they have produced grounds for an acquittal. Source: washingtonexaminer.com Share This:

Read More
News 

Rising Costs and U.S. Settlement Crimp HSBC’s First-Half Profit

“Flint told Reuters it is too soon to see any results from that new strategy” writes Min Read for reuters.com. HONG KONG/LONDON (Reuters) – HSBC Holdings Plc (HSBA.L) posted a small increase in first-half pretax profit, as rising expenses from investments in a new growth strategy and a $765 million settlement for alleged mis-selling of U.S. mortgage securities ate into higher revenues.The settlement wiped out almost all of the bank’s profits for the first half of the year in North America, where it is trying to turn around a U.S.…

Read More
News 

Apple Plans Revamped India Strategy With Official Stores, Year-Long iPhone Deals, and Improved Apps

“As part of the new strategy, Apple is said to be in talks with retailers and banks to “offer holiday deals year round” to convince customers to purchase its smartphones” writes Monday August for macrumors.com. This plan was kicked off when Apple executive Michel Coulomb began overseeing the company’s India strategy at the end of 2017.According to the new report, this strategy includes better and longer-lasting retail deals with higher sales targets, the opening of official Apple retail stores in India, “overhauling” the company’s relationship with independent retailers, and improving…

Read More
News 

HSBC first-half pretax profit rises 4.6 percent, second quarter beats estimates

“Pretax profits for the first half from Asia jumped 23 percent to $9.4 billion, representing 88 per cent of the group’s pretax profits” reports businessinsider.com. HSBC reported a pretax profit of $10.7 billion in the six months through June, up from $10.2 billion in the same period a year earlier.The bank’s pretax profit of $5.96 billion in the April-June quarter was higher than the $5.79 billion average of analysts’ forecasts compiled by the bank. The bank also announced that it had appointed Jonathan Symonds, formerly chairman of HSBC Bank plc,…

Read More