Coverage: Kraft to be purchased by private equity firm
Private-equity firm 3G Capital is looking to purchase Kraft Foods and its ubiquitous blue boxes of macaroni and cheese. The deal would add another consumer brand to its holdings, as the firm bets no one will give up pasta and ketchup. Dana Cimilluca, Dana Mattioli and Annie Gasparro broke the story for The Wall Street […]
Coverage: What does a strong U.S. dollar mean?
There is a lot of debate about what a strong U.S. dollar could do or not do for the economy. It’s a boon for many types of investments, but for others, it’s not such great news. Marilyn Geewax wrote for NPR that a strong dollar could harm foreign investment in the U.S. despite the surge […]
Coverage: Starbucks and social change
For a major corporation, Starbucks is certainly in the middle of the race debate. Employees have been writing “Race Together” on cups, but now they’re being asked to stop. The New York Times story by Ravi Somaiya had these details about the injunction: Howard D. Schultz, the chief executive of Starbucks, said in a letter […]
Coverage: Tesla announces self-driving car
If you didn’t think Tesla is the coolest car, Thursday’s stories about the company put it even further ahead of the competition. Chris Woodyard wrote for USA Today that Tesla will add a self-driving system in a few months, putting it on the cutting edge of new technology: Tesla Motors announced updates Thursday to its […]
Coverage: Federal Reserve signals it’s time
It’s time for an interest rate increase, at least that’s what the Federal Reserve Board is signaling. And the markets like what they’re hearing. The New York Times story by Binyamin Appelbaum reported the rate hike could come as early as June: The Federal Reserve on Wednesday moved to the verge of raising interest rates for the […]
Coverage: World Bank rival
Despite protests from the U.S., several European countries are planning to join the Asian Investment Bank, led by China. It’s a big move and signals that U.S. influence on the world’s monetary policy might be slipping. The New York Times had this story by Andrew Higgins and David E. Sanger: Ignoring direct pleas from the […]
Coverage: TV wars
As more viewers are cutting ties with cable and moving to streaming television and movies, companies are scrambling to capture their attention (and the associated ad dollars.) There were several content deals recently, and taken all together they show an industry in flux. The first story is about mighty Apple, which just seems to win […]
Coverage: GE selling finance arm
The rumors about General Electric getting out of the consumer finance business are true, well, at least in Australia and New Zealand. The group is selling its finance unit, furthering its exit from the consumer side of lending. USA Today had this story by The Associated Press: General Electric is selling another segment of its […]
Coverage: Intel drops after cutting outlook
Intel is in trouble. Businesses aren’t buying PCs as they wait for new software and the strong U.S. dollar is hurting the exchange rate. The company slashed its outlook for the first quarter, sending the stock down. Don Clark and Chelsey Dulaney had this story for The Wall Street Journal: Intel Corp. cut its revenue outlook for […]
Coverage: U.S. banks pass stress test
Two non-U.S. banks, Santander and Deutsche, failed the latest round of stress tests from the Federal Reserve Board. Other banks had to alter their plans to return money to shareholders, but they still passed the test. Tom Braithwaite, Ben McLannahan and Barney Jopson had these details in their story for The Financial Times: The Federal […]
