Coverage: Microsoft cutting workers
Software giant Microsoft is making its largest numbers of layoffs ever. While the move will likely help with profits, the company is really looking to clean up past mistakes and shed extra weight. Shira Ovide had this story in The Wall Street Journal: Microsoft Corp. Chief Executive Satya Nadella recently pledged to be “bold and ambitious” to remake […]
Coverage: Murdoch values Time Warner at $80 billion
It’s hard to imagine leaving $80 billion on the table. But that’s exactly what Time Warner CEO Jeff Bewkes did in recent weeks, rejecting a buyout offer from 21st Century Fox. The New York Times deal team of Andrew Ross Sorkin and Michael J. de la Merced had these details about the bid: The media […]
Coverage: Tobacco firms plan to merge
In a complicated deal, Reynolds American will buy Lorillard. It’s hard to believe that a merger would be good, but with stagnant growth, tobacco powerhouses have to find some way to try to grow. The New York Times story by Michael J. de la Merced and Chad Bray outlined how the transaction would work: Reynolds […]
Coverage: LinkedIn buys Newsle
LinkedIn is moving quickly to build out its content. The latest move was purchasing Newsle, which allows you to receive alerts on people of your choice. While it might seem an odd fit, LinkedIn is working to become the platform of choice for those trying to brand themselves in business. Sydney Ember had this story […]
Coverage: Citi’s $7 billion deal
The need for publicity runs both ways. A $7 billion settlement between the Justice Department and Citigroup nearly fell apart during months of negotiating, but it turns out that news of a terrorist arrest delayed a lawsuit, giving both parties another shot at reaching a deal. The Wall Street Journal had this story by Andrew […]
Coverage: Saving the cupcake
It’s the afternoon coffee shop of choice for many. You pop out of the office for a cup and a mini cupcake. Or maybe it’s someone’s birthday and you pick up a dozen on the way into the office. If you live in a city with a Crumbs Bake Shop, you’ve likely stopped by at […]
Coverage: Fed announces October deadline
The minutes of the Federal Reserve Board’s last meeting outlined the plan to end its historic bond buying in October. While not unexpected, it does indicate that despite some recent setbacks, officials feel the economy is on the right track. The Wall Street Journal’s Jon Hilsenrath had these details: Federal Reserve officials agreed at their […]
Coverage: Setback for insider trading investigations?
Prosecutors suffered a setback on the insider trading front when Rengan Rajaratnam, younger brother to Raj, was acquitted of charges on Tuesday. The big question is what does this mean for insider trading cases going forward. Christopher M. Matthews had this story for The Wall Street Journal: Federal prosecutors suffered the first defeat in their […]
Coverage: Moving to avoid U.S. taxes
Ever since there have been taxes, people have been moving to avoid them. And while companies have been doing the same, it seems that more U.S. corporations are considering relocating. Bernie Becker reported for The Hill that the moves have increased since 2008: U.S. corporations increasingly have sought to move their legal addresses abroad in […]
Coverage: What comes after 17,000?
The Dow Jones Industrial Average topped 17,000 for the first time ever as jobs numbers last week were better than expected. But why should investors be so optimistic? Bloomberg’s Oliver Renick had a fairly straightforward piece about the market gains last week: A combination of economic recovery and central bank support that has steered the […]
