Coverage: Discovery buys Scripps, owner of Food Network
Discovery Communications Inc. is acquiring Scripps Networks Interactive Inc. for $11.9 billion in a deal expected to boost the company’s negotiating leverage as it seeks new audiences. Jessica Toonkel of Reuters had the news: The acquisition, announced on Monday, brings together Scripps’ largely female-focused lifestyle channels such as HGTV, Travel Channel and Food Network with Discovery’s […]
Coverage: Apple removes VPNs from app store in China
Software made by foreign companies to help users skirt the country’s system of internet filters has vanished from Apple’s app store on the mainland. Paul Mozur of The New York Times had the news: One company, ExpressVPN, posted a letter it had received from Apple saying that its app had been taken down “because it includes content that […]
WSJ seeks corporate coverage chief
The Corporate Coverage Chief drives daily and long-term decision-making and sets plans and priorities for coverage. He or she manages the bureau chiefs and reporters who work in this area, and ensures their work has the greatest possible impact upon our audience. This editor drives both breaking and non-breaking news, with a very strong focus […]
Wall Street and the business press
Heidi Moore, the editor in chief of Ladders, writes about how Wall Street would work with the business media as a way of understanding new White House communication director Anthony Scaramucci, who came from Wall Street. Moore writes, “As a reporter at the Wall Street Journal during the financial crisis, I was boggled by the […]
Coverage: Amazon stock falls after disappointing earnings
Amazon.com Inc.’s second quarter earnings misses Wall Street estimates by a large amount, causing its stock to fall in after-hours trading after it rose in anticipation of the results. Troy Wolverton of Business Insider had the news: The company’s earnings missed analysts’ forecasts by more than a dollar a share. It also offered a disappointing outlook […]
Coverage: Facebook stock hits record high after earnings
Facebook Inc.’s mobile advertising business grew by more than 50 percent in the second quarter, the company said in its earnings report on Wednesday, and its stock soared to a record high. David Ingram and Rishika Sadam of Reuters had the news: Shares in Facebook, owner of four of the most popular mobile services in the world, […]
Coverage: Michael Kors is buying Jimmy Choo for $1.2 billion
Michael Kors Holdings said it had agreed to buy the shoe company Jimmy Choo for about $1.2 billion, the latest push by an American high-end fashion house to find new sources of growth. Elizabeth Paton and Chad Bray of the New York Times had the news: Many upscale brands like Michael Kors have faced plummeting sales and tepid profits. Mall […]
Company sues BuzzFeed for defamation
An immigration bond company sued BuzzFeed for $5 million over a cover story it says was “full of false and defamatory statements,” including that it was under federal investigation, reports Tim Ryan of the Courthouse News Service. Ryan reports, “Plaintiff Libre by Nexus is a Virginia company that acts as a go-between for bail bond companies and people who need […]
Coverage: Alphabet earnings drop due to EU fine
Profits at Google’s parent company, Alphabet, took a hit in its second quarter, as the company dealt with a $2.7 billion fine from the European Union levied for anti-competitive behavior. Hayley Tsukayama of The Washington Post had the news: Lingering questions about future regulatory actions dogged company executives, even as the company reported it had made more […]
SEC going after fake biz news designed to boost stock prices
Erin Avredlund of the Philadelphia Inquirer writes about recent attempts by the Securities and Exchange Commission to stop fake business news stories designed to pump up stock prices. Avredlund writes, “Regulators have lodged complaints against writers for the internet investment sites SeekingAlpha.com, Benzinga.com, TheStreet.com, Forbes.com, and several others, saying the authors were writing under pseudonyms or who did […]
