Coverage: Theranos-Walgreens deal crumbling
Things continue to get worse for Elizabeth Holmes and her team at Theranos with major partner Walgreens now threatening to break its contract with the struggling blood-testing firm. Theranos has been under a microscope since the Wall Street Journal reported problems with the way the company does its specialized blood testing. Parikshit Mishra of Reuters […]
Coverage: Disney announces quarterly earnings, shares drop
“Star Wars: The Force Awakens” is undoubtedly a big hit for the Walt Disney Co., but when the Burbank, Calif.-based company reported earnings Tuesday, the only thing analysts cared about was ESPN. In the quarter, ESPN saw a decline in subscribers, prompting many to question the sports network’s dominance. Amanda Gomez of TheStreet summed up […]
Coverage: Anxiety over global banking market increases
The week is off to a rocky start for the world’s biggest banks, as stocks tumbled upon increased anxiety over the future of the industry. Peter Eavis of The New York Times had the day’s unsettling news: An unsettling trend has emerged from the heavy selling that sent global markets tumbling this year: Investors are […]
Coverage: Super Bowl ads lighten up
His viral dance moves inspired thousands of memes when “Hotline Bling” premiered, so why not take advantage of it? On Sunday, T-Mobile treated viewers to a 30-spot poking fun at rapper Drake’s hit song, but it was not the only funny advertisement of the night. For Super Bowl 50, advertisers took a decidedly different approach […]
Coverage: Shkreli “testifies” before Congress
Martin Shkreli, the now infamous ex-pharmaceutical executive, is not known for his silence, but he sat silent Thursday as Congressional members grilled him about his decision to hike drug prices while running Turning. But in typical Shkreli fashion, he quickly took to Twitter to insult his questioners following the public hearing. Hard to accept that […]
Coverage: Sumner Redstone resigns as chairman of CBS
He swore to never abandon his throne, but 92-year-old media mogul Sumner Redstone resigned Wednesday as executive and chairman of CBS. The decision comes after Redstone faced increasing pressure from shareholders about his mental competence. Current CBS chief executive Leslie Moonves was appointed to replace him. Roger Yu of USA Today had the day’s news: […]
Coverage: Syngenta agrees to $43 billion takeover bid from ChemChina
After many months of planning, it appears China National Chemical Corp.’s efforts paid off after Swiss chemical and seed maker Sygenta’s board of directors unanimously approved a $43 billion takeover offer from the state-owned Chinese corporation. Chad Bray and Amie Tsang of The New York Times had the takeover news: Six months ago, Syngenta said no to […]
Coverage: Alphabet beats expectations, overthrows Apple as world’s most valuable company
Alphabet, the parent company of Google, announced its first earnings report on Monday, and the results were positive. Not only did the company beat Wall Street expectations, but the good news boosted company shares enough to have Alphabet overtake competitor Apple as the world’s most valuable company based on market capitalization. Conor Dougherty of The […]
Coverage: Barclays, Credit Suisse to pay $154 million over dark pools
Barclays and Credit Suisse agreed to pay a record-breaking, combined $154.3 million to settle investigations into share trade venues known as dark pools, officials announced Sunday. Bradley Hope and Jenny Strasburg of The Wall Street Journal had the day’s news: Credit Suisse Group AG and Barclays PLC agreed to pay $154.3 million combined to settle […]
Coverage: James Murdoch regains chairman role at Sky
Sky, a British subscription-based broadcaster, announced Friday the reappointed of James Murdoch as chairman just four years after his forced resignation from the company for his involvement in a phone-hacking scandal that scandalized News Corp’s U.K. newspaper business. Murdoch is the second-eldest son of Rupert Murdoch and current chairman of 21st Century Fox. Kamal Ahmed of BBC […]
