Tagged: Company coverage

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Coverage: Penske buys majority stake in Rolling Stone

Penske Media Corp. has acquired a controlling interest in Wenner Media, parent company of the iconic magazine Rolling Stone, the company announced Wednesday. Shannon Bond and Matthew Garrahan of The Financial Times had the news: The investment by Penske Media...

Source: Tyler Sizemore, Fairfield Citizen 0

Coverage: GE is cutting 12,000 jobs

General Electric Co. plans to cut 12,000 jobs, or almost one-fifth of the power division’s global workforce, underscoring GE’s bad bet on an old-school industry as natural gas loses favor and renewable energy gains....