Coverage: Uber gets a valuation cut with new cash
SoftBank Group Corp. and a coalition of investors will offer to buy shares in Uber Technologies Inc. at a price that would value the ride-hailing company at 30 percent less than its most recent $69 billion valuation. Eric Newcomer of Bloomberg News had the story: In addition to its tender offer to existing Uber shareholders at a […]
Talking Biz News Today — Nov. 28, 2017
Some of Tuesday’s top business news stories: Associated Press Powell, in prepared remarks, backs further slow rate hikes, by Martin Crutsinger Shoppers take to their phones for Cyber Monday deals, by Joseph Pisani Bloomberg Airport breaks world record for number of flights in 24 hours, by Sam Nagarajan Another hotel moves to strip away Trump’s name, by Hui-yong Yu […]
Coverage: Meredith to acquire magazine publisher Time Inc.
U.S. media company Meredith Corp. has agreed to acquire Time Inc., the U.S. publisher of Sports Illustrated and Fortune magazines, for about $2 billion, according to media reports on Sunday. Liana B. Baker and Greg Roumeliotis of Reuters had the news: The acquisition would be a coup for Meredith, which held unsuccessful talks to buy […]
Talking Biz News Today — Nov. 27, 2017
Some of Monday’s top business news stories: Associated Press Court fight could be brewing over who leads consumer agency, by Bernard Condon Dry weekend draws shoppers even as online sales boom, by Don Babwin and Ryan Nakashima Bloomberg Bitcoin euphoria drives it up $1,000 in a single day, by Julie Verhage The world’s priciest housing market could surge 10% in […]
Coverage: Uber hack continues company’s problems
The problems for ride-sharing company Uber Technologies Inc. continue after it was revealed that it disclosed its massive data breach to prospective investor SoftBank Group Corp. before revealing the details to the public. Robert Fenner of Bloomberg News had the story: The disclosure came as SoftBank conducts due diligence on the ride-hailing company ahead of a potential investment, […]
Talking Biz News Today — Nov. 24, 2017
Some of Friday’s top business news stories: Associated Press Shoppers mobilize on Thanksgiving as retailers branch out, by Anne D’Innocenzio The last straw? Uber loyalists tested by string of scandals, by Tom Krisher and Barbara Ortutay Bloomberg Black Friday merchants look to extend moment of retail optimism, by Lindsey Rupp Whitefish resumes restoring power to Puerto Rico after payment, by Ari […]
Coverage: Whitman resigns as CEO of HP Enterprise
Meg Whitman resigned Tuesday as the chief executive officer of HP Enterprise, effective early next year, and will be replaced by President Antonio Neri, a move that caused the company’s stock price to drop 6 percent. Anita Balakrishnan and Jordan Novet of CNBC.com had the news: Whitman will exit a much different company than the one she joined […]
Talking Biz News Today — Nov. 22, 2017
Some of Wednesday’s top business news stories: Associated Press AT&T may herald a new antitrust era — or Trumpian pique, by Tali Arbel FCC chairman sets out to scrap open internet access rules, by Ryan Nakashima and Michael Liedtke Bloomberg Uber paid hackers to delete stolen data on 57 million people, by Eric Newcomer Tesla’s burning through nearly half a […]
Coverage: Government sues to block AT&T-Time Warner
The U.S. Department of Justice sued AT&T Inc. on Monday to block its $85.4 billion acquisition of Time Warner Inc., saying the deal could raise prices for rivals and pay-TV subscribers while hampering the development of online video. Diane Bartz and David Shepardson of Reuters had the news: The lawsuit is the first major challenge to a merger […]
Talking Biz News Today — Nov. 21, 2017
Some of Tuesday’s top business news stories: Associated Press Yellen to step down from Federal Reserve board, by Martin Crutsinger Amazon goes into the holidays with a magnified store presence, by Joseph Pisani and Anne D’Innocenzio Bloomberg GE directors buy up slumping shares ahead of board winnowing, by Rick Clough Whitefish halts Puerto Rico work over $83 million bill, by Ari […]
