Coverage: Salesforce is buying MuleSoft for $6.5 billion
Salesforce has agreed to pay $6.5 billion in a cash and stock deal for business software company MuleSoft, its biggest acquisition ever. Jonathan Vanian of Fortune had the news: The sales software giant announced the deal on Tuesday after Reuters reported that the two companies were in talks. Salesforce said that the deal “represents a 36% premium over […]
Talking Biz News Today — March 21, 2018
Some of Wednesday’s top business news stories: Associated Press Can self-driving cars withstand first fatality? by Tom Krisher Breaking up with Facebook? It’s harder than it looks, by Barbara Ortutay Bloomberg Walmart remains in buying mode to fight Amazon, executive says, by Spencer Soper Larry Ellison’s fortune takes a $4.5 billion hit, by Tom Metcalf Fortune Expedia’s Orbitz says […]
Coverage: Facebook loses $40 billion in market value
Social media company Facebook Inc. saw $40 billion in market capitalization wiped away on Monday after it was disclosed that the company allowed Cambridge Analytica, a data firm that helped the Trump campaign, to access data on users without their express permission and hold that data for years despite saying that it had destroyed those records. Mark DeCambre and Emily […]
Talking Biz News Today — March 20, 2018
Some of Tuesday’s top business news stories: Associated Press Fed set to raise rates as Powell gives first news conference, by Martin Crutsinger NYC launches investigation into Kushner Cos. false filings, by Bernard Condon Bloomberg Yellen says gradual Fed rate hikes are needed to prevent overheating, by Christopher Condon Uber halts autonomous car tests after fatal crash in […]
Coverage: CACI International seeks to disrupt General Dynamics bid for CSRA
U.S. defense contractor CACI International Inc. has offered to merge with larger peer CSRA Inc., seeking to disrupt the latter’s $6.8 billion acquisition by General Dynamics Corp. Mike Stone and Greg Roumeliotis of Reuters had the news: The move comes after CSRA agreed last month to sell itself to General Dynamics, another defense contractor, for $40.75 per share […]
Talking Biz News Today — March 19, 2018
Some of Monday’s top business news stories: Associated Press Kushner Cos. filed false NYC housing paperwork, by Bernard Condon Facebook’s recurring nightmare: Helping muddy up elections, by Ryan Nakashima and Anick Jesdanun Bloomberg Trump labor board scrambles to avoid pro-worker ruling, lawyers claim, by Josh Eidelson This multi-billion dollar corporation is controlled by a penniless yoga superstar, by Ben Crair Fortune Apple […]
Coverage: Nike’s No. 2 exec resigns amid workplace complaints
Nike Inc. conducted a probe of questionable workplace behavior and announced the departure of a top executive who was considered a possible candidate to eventually become CEO. Sara Germano of The Wall Street Joiurnal had the news: The company said Trevor Edwards, Nike brand president and a potential successor to Chief Executive Mark Parker, will leave his position […]
Talking Biz News Today — March 16, 2018
Some of Friday’s top business news stories: Associated Press Without Toys R Us, 30,000 jobs, a black hole for toy makers, by Anne D’Innocenzio U.S. stocks end mostly lower as midday gains slip away, by Marley Jay Bloomberg AT&T antitrust trial to last twice as long as originally expected, by Andrew M. Harris and David McLaughlin Koch network official says […]
Coverage: SEC charges Theranos CEO with fraud
Elizabeth Holmes, founder and chief executive of the blood-testing company Theranos, has been charged by the Securities and Exchange Commission with an “elaborate, years-long fraud,” the SEC said on Wednesday. Carolyn Y. Johnson of the Washington Post had the story: Holmes agreed to a $500,000 penalty and a 10-year ban on serving as an officer or director […]
Talking Biz News Today — March 15, 2018
Some of Thursday’s top business news stories: Associated Press Tariffs lift hope for jobs in American mill towns, by David Koenig Former Equifax executive charged with insider trading, by Kate Brumback Bloomberg Fox News sued by slain DNC staffer’s parents over retracted story, by Bob Van Voris Lyft strikes self-driving deal with North America’s top supplier, by Eric Newcomer and […]
