Coverage: SEC files charges against Tesla’s Musk
U.S. securities regulators on Thursday accused Tesla Inc. Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric car company, saying he made a series of “false and misleading” tweets about potentially taking Tesla private last month. Jonathan Stempel and Alexandria Sage of Reuters had the news: […]
Coverage: SurveyMonkey rises in first day of trading
SurveyMonkey soared more than 60 percent in its stock market debut Wednesday, after opening at $18.75 per share. Sara Salinas of CNBC.com had the news: The software company that offers digital survey and data analytics services for enterprise and personal use priced its shares at $12 a piece Tuesday night, above the expected range of $9 […]
Coverage: Nike shares fall despite earnings beat
Nike Inc. shares fell by 4 percent after it posted double-digit earnings growth for its fiscal first quarter as the company works to revive its business in the U.S. and courts controversy with a new ad campaign featuring former San Francisco 49ers quarterback Colin Kaepernick. Lauren Thomas of CNBC.com had the news: Its shares fell by more […]
How companies treat elderly workers is a ProPublica beat
Richard Eisenberg of Forbes.com interviewed ProPublic contributing reporter Peter Gosselin about his beat covering how companies are treating elderly workers. Here is an excerpt: How did the IBM story come about? I was talking to the young woman who became my co-author on the project, an engagement reporter at ProPublica named Ariana Tobin. When I […]
Coverage: Comcast outbids 21st Century Fox for Sky
Comcast has won an auction to acquire UK telecommunications company Sky, bidding $38.8 billion to overtake Rupert Murdoch’s 21st Century Fox after a lengthy bidding war this summer. Andrew Liptak of The Verge had the news: Comcast’s win paves the way for it to acquire Sky and its 23 million European subscribers and entertainment assets. Sky’s […]
The WSJ’s coverage of Theranos and the company attorney
James B. Stewart of The New York Times profiles well-known attorney David Boies, who represented blood testing company Theranos when it was beginning to receive aggressive coverage from The Wall Street Journal reporter John Carreyrou, and examined the lawyer’s tactics. Stewart writes, “Mr. Carreyrou insists that the letter did ‘explicitly threaten’ a lawsuit. Mr. Boies […]
Coverage: Wells Fargo to cut thousands of jobs
Wells Fargo & Co. on Thursday said it would reduce jobs as part of its “ongoing transformation” to address industry trends and changes in customer behavior. Josh Beckerman of The Wall Street Journal had the news: The bank expects head count to decline by about 5% to 10% within the next three years, which includes displacements […]
Study: Americans want more news about a company’s social and environmental efforts
Americans want more information about a company’s social and environmental responsibility efforts from news outlets, according to the ninth annual Sense & Sustainability Study released Wednesday by G&S Business Communications. The study found that half of Americans (49 percent) rely on news media for knowledge about business responsibility and sustainability. That’s up from 43 percent […]
Coverage: Justice Department investigating Musk, Tesla
Tesla Inc. said on Tuesday the U.S. Department of Justice was investigating Chief Executive Elon Musk’s public statements in August that he was considering taking the electric carmaker private. Sonam Rai of Reuters had the news: The Justice Department asked Tesla for documents about Musk’s announcement, Tesla said, describing it as a “voluntary request.” The company […]
Coverage: Saleforce founders are buying Time magazine for $190 million
Nearly eight months after Meredith Corp. completed its purchase of Time Inc., the publisher has agreed to sell Time magazine for $190 million to Marc Benioff, co-founder of Salesforce.com, and his wife Lynne Benioff. Jeffrey A. Trachtenberg of The Wall Street Journal had the news: The proposed sale is expected to close within 30 days. The Benioffs […]
