Coverage: Hospital operator Tenet Healthcare puts itself up for sale
Tenet Healthcare, one of the largest hospital operators in the country, is exploring its options, including selling the entire company, which caused its stock price to rise 13 percent on Wednesday. Angelica LaVito of CNBC.com had the news: Tenet CEO Trevor Fetter discussed continuing to make divestitures but did not mention the possibility of a sale […]
Coverage: Teva Pharmaceuticals names a new CEO
Generic drug maker Teva Pharmaceuticals has appointed a new CEO in Kare Schultz, who was named seven months after the former chief executive officer stepped down. Natasha Bach of Fortune.com had the news: Schultz, who has served as CEO of Danish pharmaceutical company H. Lundbeck A/S since May 2015, will be tasked with reviving sales and […]
Coverage: Equifax says breach affected 143 million consumers
An estimated 143 million U.S. consumers could be affected by a cybersecurity attack carried out by suspected criminal hackers, national credit-reporting company Equifax said Thursday. Kevin McCoy of USA Today had the news: The unauthorized access to information for nearly 44% of the U.S. population occurred from mid-May through July 2017 and primarily involved names, Social Security numbers, […]
Coverage: Maker of “Angry Bird’s files for IPO
Angry Birds maker Rovio Entertainment Oy plans to sell shares in a Helsinki initial public offering, seeking funds to support its resurgence seven years after releasing its best-selling mobile-game title. Ville Heiskanen and Ruth David of Bloomberg News had the story: Main owner Kaj Hed, 62, and some other holders will sell shares, and Rovio will offer about […]
Coverage: Maker of Durex condoms, Scholl foot products losing four execs
Four Reckitt Benckiser Group senior executives are leaving the company, an unusually large exodus when the consumer giant, whose brands include Durex condoms and Scholl foot-care products, is absorbing its biggest-ever acquisition and coping with a series of headwinds. Thomas Buckley of Bloomberg News had the news: Reckitt Benckiser Group Plc’s heads of information technology, human […]
Nissan to launch new Leaf this week
Nissan Motor Co. Ltd. will launch its redesigned Leaf this week, with all eyes on how the all-electric vehicle’s battery range will stack up against its Tesla Inc. and General Motors Co. competitors. Claudia Assis of MarketWatch.com had the news: The Leaf is the reigning EV champion in sales — Nissan says it sold more than 280,000 Leafs […]
Coverage: Wells Fargo finds another 1.4 million fake accounts
Wells Fargo on Thursday said it had potentially opened an additional 1.4 million sham accounts customers didn’t want, 67 percent more than it initially estimated, escalating an already contentious battle over the future of the mega bank. Renae Merle of The Washington Post had the news: The bank revised the total, now up to 3.5 million, […]
Coverage: EEOC says men should get as much parental leave as women
The U.S. Equal Employment Opportunity Commission filed a lawsuit on Wednesday accusing Estee Lauder Cos. of discriminating against men by giving them less paid parental leave than women. Daniel Wiessner of Reuters had the news: The commission said in the lawsuit filed in Philadelphia federal court that the cosmetics company gave women six weeks of paid […]
Coverage: United Technologies near deal for Rockwell Collins
United Technologies Corp. is nearing a deal to buy Rockwell Collins Inc. for more than $20 billion, a tie-up that would create one of the world’s biggest aircraft-equipment makers. Dana Mattioli, Joann S. Lublin and David Benoit of The Wall Street Journal had the news: The companies are discussing a per-share price for Rockwell of […]
Coverage: Gilead to buy Kite Pharma for $11 billion
Gilead Sciences Inc. has agreed to pay about $11 billion for Kite Pharma Inc. and its promising new technology for harnessing the body’s immune system to fight cancer. Jim Puzzanghera of the Los Angeles Times had the news: Foster City-based Gilead said Monday that it would maintain and even expand Kite Pharma’s Los Angeles area operations, […]
