Alibaba files for giant IPO
The long-awaited filing for Alibaba Group’s initial public offering happened Tuesday, and the Chinese Internet giant will likely be valued at $100 billion. The Wall Street Journal had this story by Juro Osawa, Telis Demos and Rolfe Winkler about the company’s value: Chinese Internet giant Alibaba Group Holding Ltd. officially filed plans to offer shares […]
Apparently data Is king
And protecting it is critical for executives who are at the top of their games. Which is why Target’s CEO Gregg Steinhafel stepped down. Here’s the story from Elizabeth A. Harris of the New York Times: The chief executive of Target, Gregg Steinhafel, resigned from the company on Monday, signaling the depths of the damage […]
Covering the Berkshire annual meeting
As financial journalists and investors descending on Omaha to hear the words of their favorite mogul, there were several different takes on the meeting. Anupreeta Das and Erik Holm had this story for the Wall Street Journal. Warren Buffett is widely celebrated for his plain-spoken, straight-shooting manner, but the chairman of Berkshire Hathaway Inc. BRKB -0.75% showed on Saturday before thousands […]
Facebook to allow anonymous log in
In an effort to give customers more control of how and where they share information, Facebook announced it would allow users to control what data other sites or apps received when they logged in using their Facebook accounts. The New York Times had this story by Vindu Goel: Trying to become even bigger — and […]
Covering the economic data dump
Wednesday brought several key insights into the state of the U.S. economy, which is likely to be outpaced by China much earlier than expected. While numbers are telling, it’s unclear what they’re saying. Eric Morath and Ben Leubsdorf wrote in the Wall Street Journal that first quarter economic growth was much lower than expected: The […]
Twitter earnings disappoint
Twitter’s stock fell today after the company reported disappointing earnings and investors grew more concerned about its ability to grow. Yoree Koh had this story for the Wall Street Journal: Wall Street is coming to grips with the possibility that Twitter may remain a niche service, rather than become the next Facebook. Twitter Inc.’s stock hit a new […]
BofA error causes pull back
Apparently Bank of America Corp. is having some trouble with its books. The bank said today it would cancel its share buyback program after making an error in calculating its capital. Here’s the story from Christina Rexrode, Dan Fitzpatrick and Ryan Tracy in the Wall Street Journal. An apparent communications blunder inside Bank of America Corp forced […]
Next wave of deals to come from pharmaceuticals
Pfizer has decided to continue talks to buy UK’s AstraZeneca after pulling back last week. While it might be one of the largest deals of its kind, it also shows that many drug companies are struggling to continue making money. The Financial Times broke the news in a story by Ed Hammond and Andrew Ward: […]
Housing is still hurting the economy
It looks like housing and mortgages are still dragging down the economy. U.S. economic growth partially depends on people borrowing money to buy houses, but that’s dropping. Nick Timiraos wrote for the Wall Street Journal that mortgage lending is at a 14-year low: Mortgage lending declined to the lowest level in 14 years in the […]
FCC considers new net neutrality rules
The battle for streaming content seems to be heating up. Amazon is planning a partnership with HBO; Yahoo is looking for TV shows, and Aereo is pulling network TV out of the air and offering it online. Now, the Federal Communications Commission is considering new rules on how the Internet is accessed. The Wall Street […]
