Sprint and T-Mobile Close To A Deal
After years of dancing around the issues, it looks as if Sprint and T-Mobile are close to a deal. While the value reported was around the $31 billion mark, what makes this most interesting is that the companies feel they need to get bigger in order to survive the new landscape taking shape under net […]
ECB ready to take action
The European Central Bank is ready to take action to combat low inflation in the continent in an attempt to help the economic show stronger growth. Brian Blackstone and Marcus Walker had this story in the Wall Street Journal: The European Central Bank is poised to act against very low inflation after months of delay, […]
Pilgrim’s Pride ups bid for Hillshire Brands
Move over Tyson, Pilgrim’s Pride just upped the bid for Hillshire Brands. It looks like the war for the meat processing company is heating up. The New York Times story by Michael J. de la Merced had these details about the latest twist in the battle for Hillshire Brands: Pilgrim’s Pride has raised its takeover […]
Insider trading probe slows
Phil Mickelson was in the news this weekend, but not for his usual performance on the golf course. He’s being investigated for alleged insider trading along with investor Carl Icahn and sports bettor William Walters, but things aren’t going according to plan. The Wall Street Journal story by Michael Rothfeld and Susan Pulliam reported that […]
The Piketty debate in the business media
Thomas Piketty, the author of the much reviewed “Capital in the Twenty-First Century,” is likely glad this week is over. The Financial Times sparked a media debate after a story criticized his data. The story by Chris Giles and Ferdinando Giugliano broke on May 24 and claimed that Piketty made mistakes in reaching his conclusions […]
Apple agrees to buy Beats Audio
Well, one thing is for sure, it’s a good week for deals. On Wednesday, Apple agreed to buys Beats Audio for $3 billion. The firm is acquiring a brand as well as the music industry heft behind it. Hannah Karp and Alistair Barr had this story for the Wall Street Journal: Apple Inc. wants to regain the […]
Supermarket shelf fight
It looks like the fight for shelf space in the supermarket is heating up. Pilgrim’s Pride is looking to buy Hillshire Brands, which could derail its attempt to buy Pinnacle. The Wall Street Journal had this story by Jacob Bunge and David Kesmodel: Pilgrim’s Pride Corp. swooped in with a $5.5 billion offer for Hillshire Brands Co., […]
Pfizer ends bid for AstraZeneca
Typically long holiday weekends are good for deals with bankers canceling vacations and company boards on conference calls. But that wasn’t the case this Memorial Day for Pfizer, which ended its takeover attempt of AstraZeneca. The New York Times had this story by Jenny Anderson: Pfizer confirmed on Monday that it had ended its audacious […]
Facebook changes privacy settings
Caving to pressure, Facebook announced it would change its privacy policy. New users will now default to having their updates shared with friends instead of publicly. Here are the details from Vindu Goel in the New York Times: Do you know who can see what you are posting on Facebook, including your photos, birthday and […]
Fed officials debate state of labor market
For the millions of people still out of work, the labor market continues to look bleak, although unemployment numbers are improving. The true picture isn’t clear, even to Federal Reserve Board officials who continue to debate the true state of things. Jon Hilsenrath had this story for the Wall Street Journal: Federal Reserve Chairwoman Janet […]
