Coverage: Newell Rubbermaid might merge with Jarden
Newell Rubbermaid is known for its storage containers and Sharpie markers, but the company is looking to diversify itself even further by entering merger talks with consumer products company Jarden Corp. Jarden owns several brands, such as outdoor supply company Marmot and cleaning supply brand Quickie. Greg Roumeliotis of Reuters had the day’s news: Newell Rubbermaid […]
Coverage: Volkswagen returns to headlines
Volkswagen returned to headlines over the weekend, after the management held meetings in Qatar with one of the automaker’s biggest shareholders. The meeting comes just days before CEO Matthias Müller is expected to give an update on the company following its highly-publicized emissions scandal. Jack Ewing, Graham Bowley and Melissa Eddy of The New York Times wrote about how […]
Coverage: Former Massey CEO convicted on just one of three charges
Former Massey Energy CEO Don Blankenship was convicted on conspiracy to violate federal mine-safety laws yesterday for his role in a 2010 coal mine explosion that killed 29 West Virginian miners. Blankenship was found not guilty on two other charges. Kris Maher of The Wall Street Journal wrote about the jury’s verdict: A jury on […]
Coverage: Yellen hints at rate hike
In a speech Wednesday, Federal Reserve Chairwoman Janet Yellen reminded everyone that not only are rate hikes still on the table, but they might be coming this month. And with the Fed’s next policy meeting just weeks away, Fed watchers everywhere can continue to ask — will they or won’t they? Jon Hilsenrath and David Harrison of The […]
Coverage: Yahoo considers selling core business
Sunnyvale, Calif. is not looking that sunny for Yahoo lately, with new reports surfacing that its board of directors is open to selling off the company’s struggling core business. The decision adds increasing pressure on CEO Marissa Mayer as her efforts to turn around the company continue to lag. Rick Carew, Douglas Macmillan and David Benoit […]
Coverage: Express Scripts looks to work around Turing’s price hike
Drug-benefit manager Express Scripts is teaming up with drug compounder Imprimis to help create alternatives to Daraprim, a drug used to treat HIV and AIDS. Daraprim made headlines earlier this year when the company that produces it, Turing Pharmaceuticals, jacked its price to $750 per pill from $13.50 per pill. The price hike created a firestorm […]
Coverage: Shoppers shift online for Black Friday
Fighting it out for a new television is the new normal for Black Friday shoppers, but with the rise of online shopping, Black Friday is becoming a bit more civil. Now customers are saving big by sitting at home, with retailers pushing more deals online. On Black Friday, customers were estimated to have spent $2.7 billion online, jumping […]
Insight: Covering Black Friday — The new Olympics
We previously described earnings season as a business journalist’s version of Christmas. Well if it’s Christmas, then Black Friday is a business journalist’s Olympics. Black Friday and the days that follow force retail reporters to race around shopping centers searching for an interesting take on what is as nothing short of a marathon. The National Retail Federation, […]
Coverage: Thanksgiving — All about the deals, not the turkey
Black Friday has become synonymous with madness and with the National Retail Federation projecting 135.8 million shoppers hitting the stores and online this weekend, it’s not going away anytime soon. And in order to better thrive off the consumer frenzy, some stores are pushing their luck and transitioning Black Friday more onto Thanksgiving Day itself. […]
Coverage: Icahn takes on Xerox
It is no secret Xerox has struggled in recent years, and now the company has one more thing to face– an investment by Carl Icahn. The notorious activist investor disclosed Monday that he has amassed a 7.1 percent stake in the company. Josh Beckerman and Drew Fitzgeraldü of The Wall Street Journal had the news […]
