Coverage: Icahn takes on Xerox
It is no secret Xerox has struggled in recent years, and now the company has one more thing to face– an investment by Carl Icahn. The notorious activist investor disclosed Monday that he has amassed a 7.1 percent stake in the company. Josh Beckerman and Drew Fitzgeraldü of The Wall Street Journal had the news […]
Talking Biz News Today – Nov. 24, 2015
Some of Tuesday’s top business news stories: The Wall Street Journal Pfizer and Allergan to merge in $155 billion inversion deal, by Jonathan D. Rockoff, Dana Mattioli and Lisa Beilfuss Some shipping companies gain an edge during holidays, by Laura Stevens Bloomberg Whole Foods’ pricey Thanksgiving dinner reinforces high-cost image, by Leslie Patton McDonald’s knows you’re sick of screw-ups at […]
Coverage: Pfizer, Allergan combine in megamerger
Pfizer announced Monday that it would purchase Botox maker Allergan in a $160 billion deal, but the deal is sure to draw many critical eyes given it is an inversion deal. Inversion deals allow U.S. corporations to switch their headquarters to foreign countries where taxes are less restrictive. President Obama has been a vocal critic of […]
Talking Biz News Today – Nov. 23, 2015
Some of Monday’s top business news stories: The Wall Street Journal Deere to take measure of farm slump, by Bob Tita Low crude prices catch up with the U.S. oil patch, by Bradley Olson and Erin Ailworth The Street Hollywood is having a worse year than you think, by Theresa Howard The week ahead: HP, Hewlett Packard Enterprise reveal first […]
Coverage: “Frankenfish” receives regulatory approval
Genetically engineered salmon received regulatory approval for commercial sale from the U.S. Food and Drug Administration, marking the first time a genetically modified animal was given the go-ahead for human consumption. Jacob Bunge of The Wall Street Journal had the day’s news: Federal regulators approved the production and commercial sale of a strain of salmon […]
Talking Biz News Today – Nov. 20, 2015
Some of Friday’s top business news stories: The Wall Street Journal UnitedHealth raises doubts about its participation in Affordable Care Act, by Anna Wilde Mathews Bombardier to sell 30% of its transportation unit, by Ben Dummett and Judy McKinnon Quartz Square has jumped 45% in its first day of trading, by Ian Kar Ben Bernanke on bubbles, bitcoin, […]
Talking Biz News Today – Nov. 19, 2015
Some of Thursday’s top business news stories: The Wall Street Journal Workers at two major Ford factories reject labor pact, by Christina Rogers Wells Fargo picks the next in line, by Emily Glazer and Maria Armental Bloomberg Oil trades near two-month low after U.S. crude supplies increase, by Mark Shenk Silicon Valley’s hottest startups get a taste of going […]
Coverage: Walmart’s profit slips ahead of holidays
With holiday shopping in full swing, the world’s largest retailer Walmart is gearing up for its biggest time of the year. The Arkansas company posted its latest quarterly earnings Tuesday, and despite a growth in U.S. sales, profits for the retail giant slipped 11 percent. Sarah Nassauer of The Wall Street Journal summed up the […]
Talking Biz News Today – Nov. 18, 2015
Some of Wednesday’s top business news stories: The Wall Street Journal Ethan Allen takes aim at activist’s nominees for its board, by James A. Hagerty Wal-Mart U.S. sales strengthen, by Sarah Nassauer Quartz Why the hotel industry isn’t afraid of Airbnb (yet), explained in five charts, by Alice Truong Home Depot is the exception that proves the […]
Coverage: Marriott to buy Starwood Hotels
In a $12.2 billion deal, Marriott agreed to buy Starwood Hotels, cementing Marriott’s position as the world’s largest hotelier. CNBC had the details behind the deal: The company, which had a market value of $12.67 billion as of Friday, had reached out to InterContinental Hotels Group Wyndham Worldwideand sovereign wealth funds for a possible deal […]
