Coverage: Sinopec sells stake
China is looking to boost returns in its state-run businesses by selling pieces to investors. It’s a move that opens these companies up to market forces, but likely doesn’t signal a loosening of the grip by the government. Bloomberg had this story, with no byline, about the details of the sale: China Petroleum & Chemical […]
Coverage: Yahoo faces fine
Yahoo is facing a hefty daily fine if it refuses to turn over user information to the U.S. government. The company is pushing back against the National Security Agency, and it might pay the price. The Financial Times had the details in this story by Hannah Kuchler: The US government threatened to fine Yahoo $250,000 per day […]
Coverage: Dollar General goes hostile
Another day, another dollar – or many dollars — for investors as the battle of discount retailers continues. Dollar General said it was taking its offer for Family Dollar to shareholders. The New York Times story by David Gelles had these details about the merger: The three-way tug of war being hashed out in the […]
Coverage: Microsoft looking to buy Minecraft
Sometimes gamers aren’t looking for the latest weapon or imagery. And that’s the case with those who play Minecraft, a popular game that uses Lego-like graphics. The game has captured the imagination of countless users – something Microsoft is willing to pay big money to acquire. The New York Times had the details of the […]
Coverage: Home Depot admits data breach
Cyber criminals continue to steal data from some of the largest companies. This time it was Home Depot customers to suffer the loss of privacy and the hassle of trying to protect their identities. The Wall Street Journal story by Shelly Banjo and Danny Yadron had these details: Home Depot Inc. confirmed Monday that its payment systems […]
Coverage: Alibaba moves closer to IPO
Chinese Internet giant Alibaba revealed its offering price on Sept. 5, seeking as much as $21.1 billion. The coverage over the weekend ranged from profiles of the CEO to investor appetite for the shares. The New York Times story by David Barboza profiled Jack Ma and his grip on the firm: When the Alibaba Group […]
Coverage: The cost of gross negligence
BP was found to be grossly negligent in the 2010 Gulf of Mexico oil spill by a federal judge on Thursday. It’s not a totally unexpected decision, but it is one that will be costly for the oil giant. Clifford Krauss and Campbell Robertson had this story in The New York Times: A federal judge […]
Coverage: Reducing antibiotics in food
Perdue, producer of many of the chickens that end up on plates across the country, said it plans to stop using antibiotics in its hatcheries. It’s a huge gamble and one that demonstrates just how vocal some consumers have become about how food is grown and the business behind it. The New York Times story […]
Coverage: Halliburton pays $1.1 Billion
It’s been four years coming, but Halliburton has finally reached an agreement to settle claims related to the oil rig explosion in the Gulf of Mexico. While $1.1 billion might seem like a lot, it will be interesting to see how far it actually goes. USA Today’s Kevin McCoy and Rick Jervis had these details […]
Coverage: T-Mobile still in play
It may have been a holiday in the U.S., but bankers across the globe were working to try to put together a deal for T-Mobile. Iliad is still circling the company and is looking for partners to help complete the purchase. Bloomberg’s Manuel Baigorri, Marie Mawad and Jacqueline Simmons had these details about the potential […]
