Coverage: Murdoch steps aside
Rupert Murdoch is handing the reigns of his media empire over to his son James. While an 84-year-old stepping aside isn’t particularly surprising, who would take over and the structure has long been a topic of speculation. The Guardian had these details about the changes in a story by Rupert Neate: Rupert Murdoch has confirmed […]
Coverage: CVS buys Target pharmacy
CVS is looking to get even bigger. This time the company is trying to buy Target’s pharmacy business. The New York Times story by Katie Thomas, Chad Bray and Hiroko Tabuchi had these details about the potential deal: The voracious CVS Health is already a dominant player in nearly every corner of the health care world — […]
Coverage: Greek debt talks falter
Another chapter of the saga in the Greece debt crisis unfolded over the weekend when talks between the country and creditors fell apart. Now it’s crunch time for a deal, if one can happen. The Wall Street Journal story by Gabriele Steinhauser had these details about the weekend’s developments: Talks between Greece and its European […]
Coverage: Twitter ousts top executive
Twitter is in the market for a new chief executive after ousting Dick Costolo. Investors lost faith in his ability to grow revenue. The Wall Street Journal story by Yoree Koh had these details about the company’s decision: Dick Costolo is stepping down as Twitter Inc.’s chief executive after five years, as Wall Street began losing faith in […]
Coverage: J.Crew lays off staff, fires women’s design head
It’s no secret that J.Crew is struggling to keep core customers. Many have criticized the retailer’s styles and rising prices. The company has alienating core customers and lagging sales figure show it. In response, it’s laying people off and putting in a new head of women’s wear. USA Today had these details in a story […]
Coverage: HSBC to shed 50,000 jobs
HSBC is under pressure from investors and to counter that pressure, it’s cutting jobs and pulling back from some markets. The bank is trying to cut costs in order to stay alive. The New York Times story by Chad Bray had these details about the new CEO’s changes: Like other global institutions, HSBC, Europe’s largest bank, […]
Coverage: Calpers to cut external fund managers
In a move that is being watching by many on Wall Street, the nation’s largest state run pension fund announced it was getting rid of half its external fund managers. Calpers previously cut it’s hedge fund investments and now is trying to save on fees. The New York Times had these details in a story […]
Coverage: Deutsche Bank in turmoil
Reporters across the globe toiled away over the weekend covering the resignation of Deutsche Bank’s co-CEO’s Anshu Jain and Jurgen Fitschen. Jain will leave almost immediately with Fitschen staying for the next year. The Wall Street Journal story by Eyk Henning, David Enrich and Jenny Strasburg started off detailing the thinking of co-CEO Anshu Jain: […]
Coverage: Dish Network bidding for T-Mobile
There’s another major media deal in the works. This time the merger is between Dish Network and T-Mobile. The move comes as companies are vying for customers and capturing them no matter what device they’re using. The New York Times story by Emily Steel and David Gelles said that many companies are fighting to stay […]
Coverage: Apple to start streaming music service
Apple will do just about anything to stay on top. And that includes adding a streaming music service in order to remain the go-to for consumers. The service will be announced next week and adds to the rivalry for consumers’ attention. The Wall Street Journal story by Ethan Smith and Daisuke Wakabayashi had these details […]
