Android bests Apple
While it might seem that everyone you know has an iPhone, the rest of the world is using Android. News today that Google’s operating system captured 79 percent of the smartphone market in 2013 wasn’t exactly welcome for Apple. Here are some of the details from MarketWatch’s Benjamin Pimentel: Smartphones using Google Inc.’s Android operating […]
No debt ceiling fight!
In one of the sanest moves in recent Congressional history, the U.S. House passed a bill to raise the nation’s borrowing limit without any stipulations attached. It’s big news considering the recent history of Congress holding the limit and investors hostage as it debates whether to pay bills its already incurred. The Washington Post had […]
Covering the sale of a business magazine
Bidders have been circling Forbes as the iconic business brand put itself up for sale. The value is now in the name since the company has been losing money. Bloomberg had this story about potential bidders by Stefania Bianchi, George Smith Alexander and Zijing Wu: Forbes Media LLC is drawing interest from acquirers including China’s Fosun International […]
AOL reverses 401(k) change
In one of the biggest public relations gaffes so far this year, AOL Inc. Chief Executive Officer Tim Armstrong blamed rising benefits costs on health care and two babies. As the criticism mounted about the policy change, Armstrong reversed course and reinstated the benefits policy. William Launder had this story in the Wall Street Journal.: […]
SAC insider convicted
Many on Wall Street have been watching the trial of Matthew Martoma closely. The SAC Capital Advisors trader is looking at 10 years in prison for his conviction on insider trading charges, but most are still waiting to see what will happen to Steven Cohen, his boss. The Wall Street Journal had this story by […]
Coca-Cola moves to enter homes
With the announcement that Coca-Cola Co. is buying a 10 percent stake in Green Mountain Coffee means that soon you’ll have the option of making your own single-serve Coke at home. The real question is what will happen to Coke’s global distribution network and its relationship with bottlers. Michael J. de la Merced had this […]
Microsoft goes with the cloud
In selecting Satya Nadella to head Microsoft, the company’s board opted for a 22-year veteran and someone who has led its cloud computing efforts. Microsoft took six months in the search process, ultimately coming up with someone intimately familiar with the corporate bureaucracy. The New York Times had this story by Nick Wingfield: Microsoft on […]
The debt ceiling – again
Just when it seemed like the economy was on an up swing and recovery underway, the debt ceiling is rearing its ugly head– again. Treasury Secretary Jacob Lew warned Congress on Monday that the borrowing limit needed to be increased so the government could continue to function. Damien Paletta had this story in the Wall […]
Jos. A Bank makes another move
While the rest of the country was watching the Super Bowl, Jos. A Bank was trying to remain an independent company. In the latest chapter of the drama around the men’s retailer, the company is now talking with Eddie Bauer. Michael J. de la Merced had this story in the New York Times: As Jos. A. Bank continues […]
Amazon earnings up, but disappointing
Internet giant Amazon.com Inc. missed analysts’ expectations for its fourth-quarter profit as it cost them more to get customers’ orders to them. Bloomberg’s Adam Satariano had this straightforward story: Amazon.com Inc. (AMZN:US), the world’s largest Web retailer, reported fourth-quarter revenue and profit that trailed analysts’ estimates after sales growth slowed outside the U.S. and holiday shipping […]
