Surprise Move In Fight for T-Mobile
While Sprint and T-Mobile continue to take their time with merger talks, another bidder entered the negotiations, casting doubt on the current deal. French telecom company Iliad decided to enter the negotiations. The Wall Street Journal had this story by Ruth Bender, Dana Mattioli and Dana Cimilluca. The slow-moving mating dance between Sprint Corp. and T-Mobile US Inc. got a jolt […]
Coverage: All the economic news in one day
Wednesday was a big day for economic indicators and predictions about the health of the U.S. We got a first look at second quarter gross domestic product growth (4 percent), a policy statement from the Federal Reserve and ADP payroll numbers. Dionne Searcey wrote about the GDP number for The New York Times, saying the […]
Coverage: Twitter earnings exceed expectations
It seems that the questions about Twitter have been answered, at least for this quarter. The social media site posted its second straight quarter of profit. Inc had the details in this story by Jeremy Quittner: Twitter reported revenue of $312 million for the second quarter, ended June 30, an increase of 124 percent compared […]
Coverage: Dollar Tree makes a bid for Family Dollar
The battle for the dollar is heating up. Dollar Tree is planning to buy Family Dollar in an effort to increase the discount retailer’s reach. Bloomberg Businessweek reported in a story by Selina Wang, Beth Jinks and Cotton Timberlake that the sale was also good for Family Dollar’s well-known investors: Dollar Tree Inc. (DLTR:US) agreed to buy Family […]
Coverage: Wal-Mart U.S. chief out
Wal-Mart’s head of its U.S. division is leaving, and the company has tapped the head of Asian operations to run the business. The retailer is looking to put some life back into its business as sales continue to drop. Bloomberg’s Renee Dudley wrote that Simon, who was once considered a contender for the top role, […]
Coverage: Amazon earnings miss the mark
Amazon Inc. is a tough company to figure out sometimes. They report incredible revenue numbers, but profit can be tough to come by. Here’s the media coverage of what can be a confusing quarterly report. Joshua Brustein had this story for Bloomberg Businessweek: Amazon (AMZN) puts out two sets of numbers in its quarterly financial reports that […]
Coverage: SEC approves money fund rules
Six years after the financial crisis, the Securities and Exchange Commission adopted new rules for money funds. While some were happy with the balance, others found that the compromise still didn’t hit the mark. William Alden had this story in The New York Times: Regulators on Wednesday imposed new restrictions on a vast market that […]
Coverage: iPhone drives Apple profit
Apple remains on top, reporting a 12 percent increase in profit as iPhone sales remain brisk. The big question is what will Apple announce next? The Bloomberg story by Adam Satariano pointed out that Apple is facing stiff competition from other device manufacturers: Apple Inc. (AAPL) said quarterly profit rose 12 percent to $7.75 billion, with […]
Coverage: Netflix reports earnings
Netflix is flying high, adding new subscribers and profit. The company’s original content strategy is working, earning them 31 Emmy nominations. Quarterly results reported Monday were impressive. Bloomberg Businessweek’s Ashlee Vance reported the quarter’s excellent results: Netflix’s second-quarter results popped out Monday afternoon, and here are the highlights: The company posted revenue of $1.15 billion vs. […]
Coverage: Dodd-Frank four years later
It’s the four-year anniversary of the Dodd-Frank financial reform law, and while some changes have been made, there is still a lot of work to do. The coverage was minimal, particularly when you consider how much was written about the law after the crisis. The Wall Street Journal had this story by Andrew Ackerman and […]
