Coverage: The year’s biggest LBO
In the year’s biggest leveraged buyout, data-software company Informatica will be taken private by Permira Advisers and the Canada Pension Plan Investment Board. The Wall Street Journal story by Gillian Tan had these details about the deal: Data-software company Informatica Corp. agreed to be bought by Permira Advisers LLC and the Canada Pension Plan Investment Board for $5.3 […]
Coverage: Viacom takes $785 million restructuring charge
Viacom is taking a more-than-expected charge in order to restructure the company. The $785 million cost is expected to save $350 million. Those are big numbers for a well-known and respected brand. David Lieberman had these details about Viacom’s charges in his story for Deadline: The $785 million hit is the short-term pain for what […]
Coverage: Columbia Journalism reviews Rolling Stone UVA story
The Columbia Journalism School published its report on the breakdown of Rolling Stone’s story about an alleged rape at the University of Virginia. Its findings call into question decisions made by everyone at the organization and it details ways it could have prevented the story’s publication. Rolling Stone published the report by Sheila Coronel, Steve […]
Coverage: Silicon Valley and Wall Street
There have been several stories recently about Wall Street executives moving to Silicon Valley for better paychecks and more relaxed lifestyles. Much of this was promoted by Ruth Porat’s move from Morgan Stanley to Google. But the coverage of the battle between the coasts continues. The Wall Street Journal story by Douglas MacMillan pointed out […]
Coverage: McDonald’s raises its pay
Will less than $1 be enough for McDonald’s workers? That remains to be seen, but the company is planning to raise its minimum wage to $9.90 for workers across the U.S. The Washington Post had these details about the company’s decision in a story by Lydia DePillis: McDonald’s will raise its minimum wage to an […]
Coverage: Charter Communications spending $10 Billion for Bright House
Cable companies continue to consolidate with the latest multi-billion dollar merger agreement announced Tuesday. Charter Communications is paying more than $10 billion for Bright House in hopes of continuing to capture market share. Emily Steel and David Gelles had this story for The New York Times: In the cable business, the big keep getting bigger. […]
Coverage: UnitedHealth buying pharmacy-benefit company
UnitedHealth Group Inc. is betting that the next wave in health coverage is going to be pharmacy related. It is spending more than $12 billion to buy Catamaran in a move to counter rising drug costs. The Wall Street Journal story by Anna Wilde Mathews and Joseph Walker had these details about the sale: UnitedHealth […]
Coverage: Greece back in the news
Greece is looking to raise money as part of the conditions to its creditors. The country is struggling to raise cash and meet new conditions in order to secure more bailout money. One plan is to sell a stake in the Piraeus port, taking it private. The Wall Street Journal story by Costas Paris and […]
Coverage: Silicon Valley is the new Wall Street
Ruth Porat is worth $70 million. And that’s not likely a paycheck that her former employer Morgan Stanley could match. On Tuesday, she announced she was moving to Google. And Silicon Valley takes another top female from Wall Street. Richard Waters had this story for The Financial Times: Ruth Porat, the outgoing chief financial officer […]
Coverage: Facebook makes messenger business oriented
After splitting the messenger app from it’s main app last year, Facebook is looking to earn some money from it. It also opened up the app to developers and announced last week that it is going to enable payments as well. Ryan Mac had these details in his story for Forbes about how companies will […]
