Coverage: Snapchat stock plummets after first earnings report
Snapchat reported its first earnings Wednesday after its initial public offering, and the lower-than-expected growth and revenue caused its stock to fall by more than 20 percent. Jankko Roettgers of Variety had the news: Snap reported $149.65 million in revenue for its Q1 of 2017 Wednesday, compared to just $38.8 million for the same quarter last […]
Coverage: Ford board presses CEO on strategy
Ford Motor Co.’s board of directors is turning up the pressure on Chief Executive Officer Mark Fields to better explain the company’s fading fortunes and his plan to turn things around. Keith Naughton of Bloomberg News has the news: The directors scheduled extra time in their meetings this week in advance of Thursday’s annual shareholders meeting […]
Coal company files defamation suit against NY Times
One of the largest coal companies in the U.S. filed a lawsuit against The New York Times claiming the paper falsely stated the energy producer lied about the causes of a mine disaster. Chris White of The Daily Caller writes, “Murray Energy filed a lawsuit April 5 alleging NYT’s editorial board falsely claimed company CEO Bob […]
Coverage: Coach to buy Kate Spade for $2.4 billion
Coach Inc. agreed to acquire rival Kate Spade & Co. for $2.4 billion as the handbag and accessories maker seeks to tap younger consumers amid slower growth in the handbag market. Sruthi Ramakrishnan of Reuters had the news: The $18.50 per share offer in cash represents a premium of 9 percent to Kate Spade’s Friday close. […]
Coverage: Oracle of Omaha holds court
Warren Buffett’s Berkshire Hathaway Inc. held its annual shareholders meeting on Saturday in Omaha, Nebraska, which resulted in voluminous coverage about what Buffett said and about the companies he owns. Michael de la Merced of the New York Times had the news: Berkshire’s annual shareholder meeting has long been known as the “Woodstock of capitalism” for […]
Coverage: Fox News co-president Shine is out
Fox News co-president Bill Shine resigned on Monday, less than two weeks after the departure of anchor Bill O’Reilly amid allegations of sexual harassment being covered up by the division of 21st Century Fox. Michael Grynbaum and Emily Steel of the New York Times had the news: The exit of Bill Shine — a co-president at the network and a […]
Coverage: ESPN layoffs cause angst about sports network
Sports news channel ESPN, a division of Walt Disney Co., is reeling after laying off 100 staffers, including some of its well-known reporters and anchors. Nathan McAlone of Business Insider wrote that the concerns are overblown: But while these layoffs do show that ESPN is dealing with the sting of digital disruption, they don’t mean […]
Coverage: Purdue acquires Kaplan University
Purdue University said Thursday it has acquired for-profit Kaplan University to extend its reach into online and adult education, an unusual move for a public institution. Danielle Douglas-Gabriel of the Washington Post had the news: Instead of folding the for-profit school into its operations, Purdue plans to form a new university comprised of all 15 campuses […]
WSJ seeks reporter to cover company breaking news
The Wall Street Journal seeks a dynamic, fast reporter to cover company-related breaking news. This job positions you on the front line of our Real-Time desk, writing stories about mergers and acquisitions, executive changes and quarterly earnings at the most important companies on the planet. Our stories often hold the top spot on WSJ.com, have […]
Coverage: Weight Watchers hires new CEO from retail
Weight Watchers hired HSN chief executive officer Mindy Grossman to be its CEO in a move designed to use her retail expertise to turn around the diet plan company. Robert Ferris of CNBC.com had the news: Grossman will start her new job as president and CEO for the weight-loss brand in July. She will also have a […]
