Coverage: Al Jazeera America shuts down
Al Jazeera America announced Wednesday that it will close by the end of April, saying its business model was “no longer sustainable.” Josh Koblin of The New York Times had the day’s surprising news: The cable news channel Al Jazeera America, which debuted in 2013 to great fanfare when it promised to cover American news […]
Coverage: California regulators put the brakes on Volkswagen’s recall
Volkswagen continues to try to redeem its reputation, but troubles still plague the German automaker. On Tuesday, California regulators rejected the company’s plan to recall the cars at the center of its emissions scandal, saying the plan was incomplete. Jad Mouawad of The New York Times summed up the day’s news: Regulators in California on […]
Coverage: Shire-Baxalta announce $32 billion deal
After six months of negotiating, drugmaker Shire finally clinched its $32 billion takeover of Baxalta International on Monday, and while the deal comes with some rewards, it also carries a few risks. Ben Hirschler and Paul Sandle of Reuters had the day’s news: Drugmaker Shire Plc clinched its six-month pursuit of Baxalta International Inc on […]
Coverage: Electrolux CEO resigns a month after GE deal fails
Electrolux announced Monday that its CEO Keith McLoughlin would resign just one month after the Swedish appliance maker’s deal to buy General Electric’s appliance division failed. Chad Bray of The New York Times had the day’s news: The Swedish appliance maker Electrolux said on Monday that its top executive planned to retire, an announcement that […]
Coverage: Saudi Arabia considers selling shares of state-owned oil producer
Saudi Arabia is considering selling shares of its state-owned oil producer, Saudi Aramco, in what could be the largest initial public offering ever, according to Prince Mohammed bin Salman, one of the country’s most powerful figures. But attaching a value to the oil producer is tricky. The Economist had an exclusive with the prince in which it […]
Coverage: Yahoo faces potential proxy fight
Things at Yahoo just got a bit hazier, with Starboard Value’s Jeffery Smith threatening a proxy battle against the struggling company. In a letter to the company’s board Wednesday, Smith warned that he and his firm were ready for battle to have CEO Marissa Mayer stripped of her title along with several unspecified board members, writing the […]
Business journalists and how they use Twitter
Journalists love Twitter. More than half of surveyed journalists agreed Twitter is their go-to tool for publicizing their work and engaging their readers, according to an informal survey of 70 journalists conducted by Talking Biz News. When it comes to sourcing their stories, the majority of journalists still turn to Twitter, but popular networking site […]
Coverage: Pickups and SUVs end 2015 with strong sales
The year finished strong for automakers, particularly those selling pickups and SUVs. In December, strong demand helped set an annual record of 17.5 million vehicles sold in the United States in 2015. Gautham Nagesh and John D. Stoll of The Wall Street Journal had the day’s news: Three years ago, Lili Rodriguez gambled when she […]
Coverage: New York’s Chick-fil-A remains closed
Chick-fil-A’s first standalone location in the Big Apple opened just three months ago, but it is already facing what appears to be big trouble. The restaurant, famous for its chicken sandwich, remains closed after receiving six health code violations in late December. And company officials have not said when the franchise might reopen; sorry New Yorkers. […]
Coverage: China’s economy causes another market slump
The new year is off to a shaky start for Chinese markets with weaker-than-expected manufacturing data causing markets to drop, forcing government officials to halt the day’s trading early. International markets are also feeling the impact from the latest signs of China’s economic slump. Paul Mozur of The New York Times explained what caused Monday’s […]
