Coverage: Staples-Office Depot merger collapses
The $6.3 billion merger between Staples Inc. and Office Depot Inc. collapsed after a federal judge sided with Federal Trade Commission officials, who argued the deal would hurt consumers. David McLaughlin and Andrew M Harris of Bloomberg had the day’s news: Staples Inc. and Office Depot Inc. abandoned their merger after a federal judge sided with U.S. […]
Coverage: Sumner Redstone competency suit throw out of court
After six months of legal jabs, a California judge dismissed a case challenging media giant media mogul Sumner Redstone’s mental competency. And while this decision was an obvious victory for Redstone and his family, the drama is just beginning with his former girlfriend filing yet another lawsuit against Redstone’s daughter and his professional career now coming under […]
Coverage: “Captain America: Civil War” easily dominates the box office
Disney has yet another hit of its hand with Captain America: Civil War dominating box offices during its opening weekend. The film is estimated to has raked in $181.8 million, according to industry tracker comScore. Patrick Ryan of USA Today covered the movie’s success: It was hardly a box-office battle for Teams Cap and Iron Man. Captain America: […]
Coverage: GM, Lyft to test self-driving taxis within year
Pink moustaches will now adorn a fleet of self-driving electric taxis, after General Motors Co. and Lyft Inc. announced Thursday their plans to to test driverless taxis within the year. The project is aimed at three primary competitors — Apple, Alphabet and Uber. Mike Ramsey and Gautham Nagesh of The Wall Street Journal had the day’s news: General Motors Co. and Lyft […]
Coverage: Tribune Publishing rejects Gannett $815 million offer
Tribune Publishing Co.’s board of directors rejected Gannett Co.’s unsolicited $815 million offer, calling the offer an “opportunistic” bid. Roger Yu of USA Today, which is owned by Gannett, had the day’s news: Tribune Publishing, which owns the Los Angeles Times, Chicago Tribune and nine other daily newspapers, said Wednesday its board of directors has rejected Gannett’s $815 […]
Coverage: Takata faces another huge recall
Japanese airbag maker Takata is expected to undergo another huge recall, with U.S. regulators expected to announce as early as Wednesday that 35 million additional airbags need to be recalled. The company was forced last year to recall 34 million its airbags and was penalized with a $70 million fine. Hiroko Tabuchi of The New […]
Coverage: Johnson and Johnson ordered to pay millions in lawsuit
A U.S. jury ordered Johnson & Johnson to $55 million to a women who said the company’s talc-powder feminine hygiene products led to her ovarian cancer. This decision is the latest in a line of complaints against the company with J&J facing a $72 million payout from a similar case in February. Jessica Dye of Reuters […]
Coverage: Halliburton, Baker Hughes deal collapses
Halliburton and Baker Hughes, two major oil services companies, called off their $34 billion merger on Sunday after they struggled to gain regulatory approval. Renae Merle of The Washington Post had the day’s news: Oil services giants Halliburton and Baker Hughes abandoned a $34 billion merger late Sunday, bowing to Justice Department complaints that the […]
Coverage: Priceline CEO resigns after at-work relationship
After an internal investigation discovered his at-work relationship, Priceline CEO Darren Huston resigned Thursday, forfeiting both his severance package and more than $13 million in equity awards. Huston’s resignation was effective immediately. The Financial Times had the day’s news: Priceline’s chief executive Darren Huston has stepped down from the company after it investigated his relationship […]
Coverage: Sanofi makes $9.3 billion bid for Medivation
Paris drugmaker Sanofi SA launched an unsolicited $9.3 billion bid for U.S. cancer firm Medivation, launching what could be a lengthy takeover fight. Nick Kostov and Noemie Bisserbe of The Wall Street Journal had the day’s news: Sanofi SA on Thursday said it has made an unsolicited offer to acquire Medivation Inc. in a deal valued at $9.3 billion, the French […]
