Coverage: The end of the CrackBerry
Canada-based Blackberry Ltd. announced Wednesday that it would stop manufacturing its once-popular smartphones, once known as a CrackBerry for their addictive nature, after losing market share to Apple and others. Ian Austen of the New York Times had the news: Before being overtaken by iPhones from Apple, BlackBerry’s phones were so popular that they were nicknamed […]
How CNNMoney investigated a company that processes money for mail schemes
CNNMoney senior writers Blake Ellis and Melanie Hicken broke the news last week of a crackdown by the U.S. government against PacNet and the companies with which it works in a months-long investigation. The government says Vancouver, Canada-based PacNet is part of an international network that has stolen hundreds of millions of dollars from millions […]
Coverage: Wells Fargo, clawbacks and John Oliver
Hoping to stem the bad publicity in the wake of its $185 million in fines for creating fake customer accounts, Wells Fargo & Co. announced that its board will launch a review and CEO John Stumpf will forego $41 million in stock. Elizabeth Dexheimer of Bloomberg News had the news: Former community banking chief Carrie Tolstedt […]
Coverage: Disney mulls bid for Twitter
Walt Disney Co. is considering making a bid to acquire social media company Twitter, multiple news organizations reported Monday with various reasons why the deal would, or would not, work. Alex Sherman and Sarah Frier of Bloomberg News had the details: After receiving interest in discussing a deal, Twitter has started a process to evaluate a potential sale. […]
Coverage: Lanxess to buy Chemtura for more than $2 billion
German specialty chemicals company Lanxess AG agreed to buy Chemtura Corp., a U.S.-based maker of lubricant additives and flame retardants, for about $2.12 billion in cash. Kevin Miller and Jack Kaskey of Bloomberg News had the details: Lanxess agreed to pay $33.50 a share, creating an enterprise value of about 2.4 billion euros ($2.7 billion), Cologne-based Lanxess […]
Coverage: Yahoo admits that 500 million accounts hacked
Yahoo said Thursday that a hack has resulted in personal information from 500 million accounts being stolen, which the company blamed on a foreign government. Jeff John Roberts of Fortune magazine had the news: The incident is a big deal, since so many have a Yahoo account of some type or other — for email or finance […]
Coverage: SEC begins investigation of Exxon Mobil
The U.S. Securities and Exchange Commission has started an investigation into how Exxon Mobil Corp. values its assets due to climate changes, which could affect other gas and energy companies. Bradley Olson and Aruna Viswanatha of The Wall Street Journal had the news: The SEC’s probe is homing in on how Exxon calculates the impact to its business from the world’s […]
Coverage: Salesforce rolls out artificial intelligence tool
Customer relationship management giant Salesforce unveiled an artificial intelligence tool called Einstein on Sunday designed to help sales reps close sales faster and more effectively. Marco della Cava of USA Today had the news: Among the tasks Einstein was designed to help with are sales (predicts leads and prioritizes emails), service (pre-populates case fields and suggests responses), marketing (predicts […]
Coverage: Unilever wants to buy Jessica Alba’s company for $1 billion
Unilever PLC is in talks to acquire Honest Co., the consumer products e-retailer co-founded by actress Jessica Alba, according to media reports. Serena Ng and Sharon Terlep of The Wall Street Journal had the news: Unilever, maker of Dove soaps and Axe body sprays, is discussing a deal valued at over $1 billion but significantly less than the […]
Coverage: Bayer is buying Monsanto in $66 billion deal
Bayer AG announced Wednesday that it will acquire Monsanto Co. for $66 billion in one of the biggest deals ever, but there’s some concern about whether regulators will approve transaction. Diane Bartz and Greg Roumeliotis of Reuters examined the politically charged landscape: Monsanto and Bayer “have chosen to do a deal in the year of merging dangerously,” said David Balto, […]
