Comcast makes the case for Time Warner deal
The mega merger between Comcast and Time Warner is under regulatory review, and Tuesday Comcast went into great detail to make the case that it should go through. The Wall Street Journal story by Gautham Nagesh and Steven Perlberg outlined these details: Comcast Corp. on Tuesday submitted a lengthy document to federal regulators to justify its $45 […]
New banking regulations looming
The finance world is buzzing with news of even more regulations for various parts of the markets. The Wall Street Journal reported in a story by Ryan Tracy and Stephanie Armour that capital requirements for large banks are about to go up, potentially making it even harder to get a loan: U.S. regulators are set […]
Vox, the forefront of technology and journalism?
Ezra Klein is being hailed as the future of technology driven journalism in a Sunday profile in the New York Times by Leslie Kaufman. In the introductory quote, Klein says that while he respects the Washington Post, he was being hampered by its technology. He rolled out the new version of Vox.com on Sunday and […]
Liberty Media sells stake in Barnes & Noble
It’s not looking good for brick and mortar bookstores these days. On Thursday, Liberty Media said it would sell most of its holdings in Barnes & Noble, signaling that physical books are becoming a relic of the past. The New York Times had this story by Michael J. de la Merced: Nearly three years ago, Liberty […]
Citigroup’s troubles In Mexico
Well, the good times at Citigroup didn’t last long. The bank had yet another public relations blow when it reported fraud was discovered in its Banamex Mexico unit. Ben Protess and Michael Corkery reported in the New York Times that now the government is getting involved: Just as Citigroup was putting a troubled past of taxpayer bailouts […]
Goldman may sell floor trading
In a week where much of Wall Street has been talking about Michael Lewis’ new book and high-frequency trading, on Tuesday, the news broke that Goldman Sachs might sell its New York Stock Exchange floor-trading unit. Justin Baer and Bradley Hope had this story in the Wall Street Journal: Goldman Sachs Group Inc. is close to selling […]
Yellen works to reassure markets
After her debut to mixed results, Federal Reserve Board Chair Janet Yellen worked to clarify her earlier comments on how long the Fed would continue its easy money policy. Bloomberg had this story by Jeff Kearns and Craig Torres: Federal Reserve Chair Janet Yellen, easing investor concern that interest rates may rise earlier than previously […]
How the growing GM recall is being covered
General Motors Co. announced yet another recall, adding to the totals this year as new Chief Executive Mary Barra works to stem the bad press from the company’s handling of problems. The move comes before Barra testifies in front of Congress this week, giving lawmakers even more ammunition in questioning her. Jeff Bennett had this […]
Amazon plans free streaming video
Watch out Netflix. Amazon is moving in, putting more pressure on the streaming movie and television service. Greg Bensinger had this scoop for the Wall Street Journal: Amazon.com Inc. plans a free, advertising-supported streaming television and music-video service, a departure from its strategy of offering video only to members of its $99-a-year Prime service, according to people […]
Fed rejects Citi capital plan
Wednesday wasn’t the best for Citigroup or its shareholders. The Federal Reserve Board again said the bank wasn’t ready to deal with financially stressful situations and rejected plans for stock buybacks. Writing for Reuters, Emily Stephenson and David Henry had this story: The Federal Reserve said Citigroup Inc’s ability to plan to cope with stressful […]
