Coverage: Whole Foods’ future ownership in question
Amazon.com Inc., seen as a possible bidder for Whole Foods Market Inc., pondered a takeover of the organic-food chain last fall but didn’t pursue a deal, according to a person with knowledge of the situation. Spencer Soper and Craig Giammona of Bloomberg News had the news: The e-commerce giant considered internally whether Whole Foods would help invigorate its […]
Coverage: United Airlines CEO issues new apology
United Airlines CEO Oscar Munoz issued a new statement on Tuesday afternoon, offering a second apology for the incident where a passenger was dragged off a United flight after refusing to give up his seat. Dominic Rushe and David Smith of The Guardian had the news: “No one should ever be mistreated this way,” Oscar Munoz wrote in a […]
Coverage: United Airlines forcibly removes passenger from overbooked flight
A United Airlines passenger was forcibly dragged from his seat to make room for airline crew members on a Sunday overbooked flight at O’Hare International Airport, and the video of the incident has been viewed more than 1 million times, giving the airline a public relations nightmare. Ally Marotti and Lauren Zumbach of the Chicago Tribune had the news: […]
Coverage: Unilever to dump its butter business
Unilever announced a major restructuring on Thursday that it would include the sale of its spreads business, overhauling two major divisions, reviewing its dual legal structure and buying back $5.3 billion in stock as it seeks to cut costs and appease investors. Chad Bray of The New York Times had the news: The company has faced investor pressure […]
Beef producer’s defamation case against ABC News headed to trial
ABC News has lost a bid before South Dakota’s highest court to avoid a trial in a beef producer’s $5.7 billion defamation case over reports about a product that critics call “pink slime.” P.J. Huffstuter of Reuters reports, “The order signed on Monday by state Supreme Court Chief Justice David Gilbertson denied ABC’s petition to […]
Coverage: Krispy Kreme parent buying Panera Bread for $7 billion
JAB, the investment firm that controls the Krispy Kreme chain and coffee brands Keurig, Peet’s and Caribou, announced the $7-billion deal Wednesday to acquire Panera Bread. Nathan Bomey and Zlati Meyer of USA Today had the news: Though known for its sandwiches, Panera is a major seller of coffee. Panera’s ascension as one of the most successful fast-casual chains […]
Coverage: Tesla sales in first quarter beat expectations
Electronic vehicle manufacturer Tesla Inc. reported Sunday that it delivered 25,000 cars in the first quarter, up 69 percent and vastly better than expected. Alan Ohnsman of Forbes had the news: The Palo Alto, California-based company built 25,418 Model S sedans and Model X crossover vehicles in the quarter that ended March 31, Tesla said in […]
Coverage: AT&T gets $6.5 billion government contract
The Department of Commerce on Thursday awarded AT&T a $6.5 billion contract to build a nationwide broadband service for first responders. Harper Neidig of The Hill had the news: The program, called FirstNet, was first proposed after the Sept. 11, 2001, terrorist attacks as a way to make it easier and more efficient for first responders […]
Coverage: Westinghouse files for bankruptcy protection
Westinghouse Electric Co., which helped drive the development of nuclear energy and the electric grid itself, filed for bankruptcy protection on Wednesday, casting into doubt the future of nuclear plants it’s building. Diane Cardwell and Jonathan Soble of the New York Times had the news: The filing comes as the company’s corporate parent, Toshiba of Japan, scrambles to […]
How Baker of Reuters broke the SoftBank story
Last month, Reuters reported that Japan’s SoftBank was prepared to give up control of Sprint to Deutsche Telekom’s T-Mobile to clinch a merger of the two U.S. wireless carriers. The story, by Reuters tech, media & telecom reporter and M&A team leader Liana B. Baker, reported SoftBank has been frustrated with its inability to grow […]
