Bloomberg’s Mider on covering the tax inversion story
Zachary Mider is an enterprise reporter at Bloomberg News covering company stories, many of which are research based. This year, he has helped lead Bloomberg’s coverage of the tax inversion issue and last year he focused on billionaires avoiding personal taxes. Since joining Bloomberg in August 2006, he’s covered mergers and acquisitions, insurance and general […]
Coverage: Splitting to grow
The latest company to decide to divide in order to get bigger is software company Symantec. Following in the steps of eBay and Hewlett-Packard, the well-known technology company will split its security and data-storage businesses. Bloomberg’s Jordan Robertson had these details, including that analysts had wanted the company to divide: Symantec Corp. (SYMC) said it’s splitting […]
Coverage: Alcoa earnings beat expectations
The start of quarterly earnings season usually begins with Alcoa, and Wednesday’s results could signal a strong quarter for the corporate world. Allison Martell and Nicole Mordant wrote for Reuters that aluminum prices helped with the recovery: Alcoa Inc (AA.N) reported a stronger-than-expected increase in third-quarter profit on Wednesday as higher aluminum prices and lower costs drove […]
Coverage: Wal-Mart cuts health benefits
While it might not seem like a lot, Wal-Mart is cutting health benefits for 30,000 part time workers. That is about 5 percent of the workforce, but the reasons it is citing are what could be the most troubling. Hiroko Tabuchi had this story for The New York Times: Walmart Stores, the world’s largest retailer […]
Coverage: Samsung spends amid profit drop
Samsung is planning to invest $15 billion in a new semiconductor factory as profits from smartphones decline. It’s a move that could save the company and help diversify its profit. Quartz had these details in its story: The South Korean tech giant, facing sharp declines in profits from its smartphone division, is investing 15.6 trillion won […]
Coverage: Hewlett-Packard to split
Hewlett-Packard Co. has decided to become two separately traded public companies — one will be its computer and printer businesses with the others will have corporate services and hardware. Joann S. Lublin, Dana Mattioli and Dana Cimilluca had these details in their scoop for The Wall Street Journal. Hewlett-Packard Co. plans to separate its personal-computer and […]
Coverage: Data breach is bigger than expected
JPMorgan Chase has bigger problems than it thought. The data breach first disclosed in August affects 76 million households. Now it has to fix the problem. The Wall Street Journal story by Emily Glazer and Danny Yadron had these details: J.P. Morgan Chase & Co. said about 76 million households were affected by a cybersecurity […]
Coverage: Pimco is struggling
The drama continues. While it might not be the biggest story, it is one that touches everyone. Pimco is having some issues, which isn’t surprising since the founder and face of the company has left. But the amount of money rolling out is troubling. Jennifer Ablan and Luciana Lopez had this story for Reuters: Pacific Investment […]
Coverage: eBay and PayPal call it quits
OK, so it’s not really a divorce, but eBay caved to pressure and announced Tuesday it would spin off PayPal into a separately traded public company. At a time when other Internet companies are flush with cash (Yahoo and Alibaba come to mind), the decision is an interesting one. The Reuters story by Deepa Seetharaman […]
Coverage: Gross departure puts PIMCO on defensive
A lot has been written since the bombshell news of Bill Gross’s departure from Pimco, the company he founded and built into a bond powerhouse. Now the money is flowing out, and Pimco is trying to hang onto as much of it as possible. Mary Childs wrote for Bloomberg that even executives at Pimco’s parent […]
