Coverage: Amazon unveils Fire phone
In an attempt to grab an even larger piece of customers’ wallets, Amazon unveiled its own smart phone Wednesday. The company recently rolled out a streaming music service and other new benefits for Prime customers, now it is taking aim at hardware. The New York Times story by David Streitfeld pointed out that buying anything […]
Coverage: SunTrust settles with Justice Department on mortgages
The Justice Department reached an agreement with SunTrust Banks on its mortgage practices. Bank of America seems to be headed to court. Bloomberg had these details in a story by Tom Schoenberg: SunTrust Banks Inc. (STI) agreed to pay $968 million to resolve federal and state claims that a unit misrepresented the quality of mortgages the […]
Coverage: Alibaba shows more of its hand
Alibaba is getting ready for what may be the world’s largest initial public offering, and the Chinese search engine unveiled more of its structure in a filing Monday. Michael J. de la Merced had this story for The New York Times about who actually owns the company: For weeks, potential investors have wondered who would […]
Coverage: The latest on Uber
A lot of ink has been used writing about Uber, the ride-sharing program that has swept the U.S. It seems that everyone has to comment on whether it’s going to work and if the valuation is actually justified. Neil Irwin wrote for The New York Times that one question is whether Uber can actually capitalize […]
Coverage: Twitter COO out after fighting with CEO
It’s no secret that Twitter is struggling and it looks like they’re going to have to add searching for a new chief operating officer to the list of things to fix. Bloomberg had this story by Sarah Frier and Jonathan Erlichman: Twitter Inc. (TWTR)’s Ali Rowghani resigned as chief operating officer after a power struggle […]
Coverage: Amazon ready to offer streaming music
Not to be left out, Amazon is reportedly ready to roll out a streaming music service as part of its Prime service. Whether it will be able to attract people away from others like Spotify remains to be seen. Ben Sisario had these details in The New York Times: Amazon is planning to introduce a […]
Coverage: Allergan rejects Valeant’s offer
Not all the deals in the pharmaceuticals space are sailing through these days. On Tuesday, the news broke that Allergan, the maker of Botox, wasn’t going to take $53 billion. But it seems the fight is just getting started. David Benoit had this story for The Wall Street Journal: Allergan Inc. on Tuesday rejected a sweetened $53 […]
Coverage: The pharma deals continue
Merck is spending $3.85 billion, paying a price per share triple what investors think it’s worth, on liver drug maker Idenix. It’s a bold move to gain share of this market. Peter Loftus wrote for The Wall Street Journal that the move signals Merck is betting that the market for liver treatments will only grow: […]
Coverage: Time Inc. set to be standalone company
Time Inc. begins this week trading as an independent company. The performance of the stock will be an indication of what investors think of the publishing business. The New York Times said in a story by David Carr and Ravi Somaiya called the future of the company “uncertain” due to its debt load and questionable […]
SEC puts out new rules on high-frequency trading
The Securities and Exchange Commission has decided to take on high frequency trading, introducing a set of new rules for the industry. The move is an effort to oversee a previously unregulated market. Scott Patterson had this story for The Wall Street Journal: Securities and Exchange Commission Chairman Mary Jo White unveiled a sweeping set of initiatives […]
