VF Corp. is spinning off its Wrangle and Lee denim business
VF Corp. announced on Monday that it planned to spin out its denim brands into a separate publicly traded business so it can better focus on its faster-growing activewear and lifestyle clothing lines like The North Face and Vans. Michael de la Merced of the New York Times had the news: Still, spinning out the jeans business, particularly […]
Talking Biz News Today — Aug. 14, 2018
Some of Tuesday’s top business news stories: Associated Press Google tracks your movements, like it or not, by Ryan Nakashima Questions loom over Tesla deal after CEO reveals Saudi link, by Michael Liedtke and Tom Krisher Bloomberg CBO cuts U.S. growth forecast amid warnings on trade spats, by Sarah McGregor The Financial Crisis cost every America $70,000, Fed study says, […]
Coverage: Cigna/Express Scripts deal backed by advisors
Proxy advisor Institutional Shareholder Services recommends shareholders approve health insurer Cigna’s acquisition of Express Scripts, days after famed activist investor Carl Icahn called the deal a “folly.” Angelica LaVito of CNBC.com had the news: ISS acknowledged potential regulatory and competitive risks to Express Scripts, but said the potential benefits of the $54 billion deal outweigh them. The proxy […]
Talking Biz News Today — Aug. 13, 2018
Some of Monday’s top business news stories: Associated Press Wildfire victims among those stung by Trump trade war, by Geoff Mulvihill and Jonathan J. Cooper Growing Spokane, Washington, sheds its sleepy city image, by Nicholas K. Geranios Bloomberg Many of the best Wall Street jobs for women aren’t on Wall Street, by Liz McCormick and John Gittelsohn The $250 biohack that’s revolutionizing […]
Coverage: The Tribune Media-Sinclair deal is dead
Sinclair Broadcast Group’s proposed $3.9-billion deal, which was first announced in May 2017, to acquire Tribune Media is dead, and Tribune now wants $1 billion from Sinclair. Stephen Battaglio of the Los Angeles Times had the news: Tribune also said it filed a breach-of-contract lawsuit against Sinclair in Delaware Chancery Court, alleging it failed to make […]
Talking Biz News Today — Aug. 10, 2018
Some of Friday’s top business news stories: Associated Press Merger cancellation pushes Rite Aid into uncertain future, by Tom Murphy Retail gains and bank losses leave U.S. stocks little changed, by Marley Jay Bloomberg Musk’s go-private proposal to be pored over by Tesla’s board, by Dana Hull and David Welch The broker fought the flash boys and got in trouble […]
Coverage: Albertsons and Rite Aid cancel their merger
The Rite Aid pharmacy chain announced on Wednesday it had called off its proposed merger with Albertsons, the grocery retailer, after the deal appeared to lose the support of its shareholders. Michael Corkery of the New York Times had the news: The announcement came on the eve of a special meeting of Rite Aid shareholders to […]
Talking Biz News Today — Aug. 9, 2018
Some of Thursday’s top business news stories: Associated Press Concern in Arkansas town highlights trade fears in U.S. states, by Andrew DeMillo China exports accelerated in July despite rise in U.S. tariffs, by Joe McDonald Bloomberg Fox Entertainment assets shine, helping validate Disney deal, by Anousha Sakoui MoviePass CEO hopes customers will use service less frequently, by Vildana Hajric and Anousha […]
Coverage: Musk proposes taking Tesla private
Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc. private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street. Alexandria Sage and Sonam Rai of Reuters had the news: Asked on Twitter whether Musk would continue to be CEO under such […]
Talking Biz News Today — Aug. 8, 2018
Some of Wednesday’s top business news stories: Associated Press Papa John’s sales drop amid founder controversy, by Candice Choi Disney says its new streaming service won’t rival Netflix, by Mae Anderson Bloomberg Tinder sends Match earnings blazing past estimates, by Emily McCormick Snap revenue beats on mobile-ad demand, by Sarah Frier Fortune AT&T acquires the remaining of Otter Media […]
