Coverage: Burberry worries about potential takeover
In an interesting turn of events, Burberry is searching for a mystery investor who as accrued a 5 percent stake in the British luxury design house. The surprise announcement has led many to speculate whether the company might be a potential acquisition target. Bryce Elder, Arash Massoudi and Patrick Jenkins of the Financial Times had […]
Majority of biz journalists received raise in past year, again
For the second year in a row, a majority of business journalists in the United States received a pay raise in the past year, according to an informal study of more than 200 business reporters and editors conducted in the last month by Talking Biz News and the Society of American Business Editors and Writers. […]
Coverage: Ralph Baruch, former Viacom president, passes away at 92
Ralph Baruch, a pioneer of the broadcasting industry, died at his home in New York City. He was 92. Baruch led Viacom during the company’s separation from CBS during the 1970s. He was also an influential voice over legislation concerning the deregulation of the cable industry. Matt Schudel of The Washington Post had the unfortunate […]
Coverage: AMC Theatres to buy Carmike Cinemas for $1.1 billion
AMC Entertainment Holdings agreed to buy Carmike Cinemas for $1.1 billion that will make the Chinese-owned company the largest movie-theater operator in the U.S. Combined the companies will own more than 600 theaters and operate 8,380 screens. Erich Schwartzel of The Wall Street Journal had the day’s news: AMC Entertainment Holdings Inc. agreed to buy […]
Coverage: McClendon, former Chesapeake Energy CEO, dies in crash
Oil pioneer and former Chesapeake Energy CEO Aubrey McClendon, 56, died Wednesday after his car crashed into a barricade in Oklahoma City just one day after he was indicted by the U.S. Justice Department on conspiracy charges. McClendon was known for his charismatic personality and often risky use of money, but colleagues say it was for […]
Coverage: McClendon, ex-Chesapeake Energy CEO, charged with conspiracy
The U.S. Justice Department indicted former Chesapeake Energy CEO Aubrey McClendon on charges of conspiring to rig the price of oil and gas leases in Oklahoma. McClendon, who is considered a pioneer in the U.S. shale boom, called the charges “wrong and unprecedented.” Bradley Olson, Brent Kendall and Erin Ailworth of The Wall Street Journal […]
Coverage: Owner of NYSE considering offer on London Stock Exchange
Bidding for the London Stock Exchange might soon heat up, with the owners of both the New York Stock Exchange and the Chicago Mercantile Exchange announcing interest in making offers for their British counterpart. LSE had previously agreed to a £20 billion deal to merger with Deutsche Börse, which could be in jeopardy if the German […]
Coverage: China stocks fall as the yuan drops
The Chinese central bank guided the yuan to its weakest point in three weeks, and markets reacted swiftly over concerns about how the country’s economy is actually doing. Bloomberg News had details on why the yuan was dropping so rapidly: Chinese stock-index futures in Hong Kong climbed and the yuan plunged after the central bank […]
Coverage: SeaWorld admits workers spied on animal activists
SeaWorld admitted to planting employees within an animal rights group to spy on the organization. The company’s announcement comes as it desperately tries to regain its reputation following the 2013 release of “Blackfish,” a documentary that examined the treatment of captive orca whales. Lindsey Bever of The Washington Post had the day’s news: SeaWorld’s chief executive admitted […]
Coverage: Facebook launches Reactions worldwide
Facebook released its Reactions feature worldwide Wednesday, giving users for the first time the ability to do much more than simply “like” a post. Users’ options now include the following emotions: Like, Love, Haha, Wow, Sad and Angry. Hayley Tsukayama of The Washington Post explained the social media site’s newest feature: Facebook announced Wednesday that it is […]
