Coverage: Texas Attorney General Ken Paxton faces fraud charges
Regulators with the Securities and Exchange Commission charged Texas Attorney General Ken Paxton for allegedly committing securities fraud. In 2014, Paxton faced state securities fraud charges, which ultimately resulted in a $1,000 fine. Brian M. Rosenthal of the Houston Chronicle had the day’s news: Federal regulators on Monday sued Texas Attorney General Ken Paxton for […]
Coverage: UK tabloid Daily Mail owner considers Yahoo bid
The list of companies considering a bid for Yahoo’s core business just got longer with the Daily Mail & General Trust PLC, which owns popular British tabloid the Daily Mail, in talks with private equity firms to finance its own offer. The Daily Mail joins a list of about 40 other companies considering such an […]
Coverage: Yellen joins former Fed chairs in panel discussion
Federal Reserve chairwoman Janet Yellen sat down with three former chairs Thursday night to discuss their views on the state of the economy, and all parties agreed the country is doing just fine. Binyamin Appelbaum of The New York Times had the day’s news: Janet L. Yellen, the Federal Reserve chairwoman, said on Thursday that […]
Coverage: Blankenship sentenced to one year in prison
On Wednesday, a federal district court judge sentenced Donald Blankenship, former CEO of Massey Energy Company, to one year in prison for his role in the company’s deadly mine explosion that left 29 people dead. Blankenship was also handed down a $250,000 fine and a year of supervised release following his incarceration. Alan Blinder of The […]
Coverage: Pfizer walks away from Allergan deal
Pfizer ended its $160 billion merger with Allergan after the U.S. Treasury Department announced its latest steps for cracking down on corporate inversions. Jeffrey McCracken of Bloomberg had the day’s news: Pfizer Inc. decided to terminate its $160 billion merger with Allergan Plc, a person familiar with the matter said, marking an end to the […]
Coverage: Tom Staggs, Disney’s COO, leaves the company
He was favored to replace current Disney CEO Robert Iger, but Disney COO Tom Staggs announced Monday he was leaving the company. Brooks Barnes of The New York Times had the day’s unexpected news: Thomas O. Staggs, the favored contender to lead Disney after Robert A. Iger’s retirement, unexpectedly announced his departure on Monday, throwing […]
Coverage: Alaska Air buys Virgin America for $2.6 billion
As if the airline industry wasn’t consolidated enough, Alaska Air confirmed Monday its plans to acquire Virgin America in an all-cash $2.6 billion deal. Chad Bray of The New York Times had they day’s news: Alaska Air Group, the parent of Alaska Airlines, said on Monday that it had agreed to acquire Virgin America for […]
Morgan Housel says business journalism is better than ever
Business journalism is at its best. That’s what Morgan Housel, columnist with the Motley Fool, thinks. “The quality of business journalism right now, in my opinion, is as high as it’s ever been,” Housel declared. In an interview on the podcast Market Foolery on March 30, Housel spoke with host Chris Hill about his recent […]
Coverage: Anbang drops $14 billion offer for Starwood
A consortium led by China’s Anbang Insurance Group announced Tuesday it was stepping away from its $14 billion takeover offer of Starwood Hotels and Resorts, leaving Marriott as the only remaining bidder. Michael J. de la Merced and Leslie Picker of The New York Times had the day’s news: Ever since a group led by […]
Coverage: Tesla banks on successful Model 3 launch
It’s pegged as Tesla’s first affordable car, but the launch of the Model 3 means much more to the Silicon Valley automaker than just affordability. CEO Elon Musk is hoping the Model 3 will open Tesla and its vehicles up to a larger market, something the company will need for long-term success. Mike Ramsey of […]
