Coverage: GE wants Baker Hughes for $30 billion
The merger and acquisition frenzy continued Thursday with news that General Electric Co. wants to pay $30 billion for Baker Hughes Inc. Dana Mattioli, Kate Linebaugh and Joann Lublin of The Wall Street Journal had the news: GE has approached the oil-field services company about a takeover, the people said, but details of the talks […]
Coverage: Tesla Motors soars after quarterly profit
Tesla Motors Inc. reported a surprise profit on Wednesday, sending its stock price soaring. Robert Ferris of CNBC.com had the news: In a conference call Wednesday night, Tesla CEO Elon Musk said the company currently believes the fourth quarter will be profitable excluding non-cash stock-based expenses, and added there is a “chance” Tesla will be profitable […]
Coverage: Chipotle turnaround taking longer than expected
Chipotle Mexican Grill Inc. reported Tuesday that its same store sales fell more than Wall Street expected in the third quarter, and its profit fell 95 percent, as the restaurant chain’s recovery from an E coli breakout in 2015 is taking longer than expected. Julia Jargon of The Wall Street Journal had the news: The burrito […]
Coverage: Gannett to cut 2 percent of workforce
Newspaper chain Gannett Co. announced Monday that it plans to cut 2 percent of its workforce, sending shivers down the spines of journalists in newsrooms across the country. Lukas Alpert of The Wall Street Journal had the news: The layoffs may affect about 380 employees across the company. Over all, Gannett employs close to 19,000 people, […]
Coverage: AT&T to buy Time Warner in $80 billion megadeal
AT&T Inc. has reached an agreement to buy Time Warner Inc. for more than $80 billion in a deal that would transform the phone company into a media giant. Thomas Gryta and Keach Hagey of The Wall Street Journal have the news: The acquisition pushes the carrier deeper into the traditional entertainment business at a time of stalled […]
Coverage: Good grief, MetLife fires Snoopy
MetLife Inc. announced Thursday that it will no longer use the cartoon characters from the Peanuts strip in its advertising and marketing, saying it wanted a more modern design in how it attracts customers. Christine Hauser and Sapna Maheshwari of the New York Times had the news: No more big-nosed beagle in the flight cap and goggles chasing […]
Coverage: EBay stock drops amid business transformation
Online shopping market eBay reported earnings that beat analyst expectations, but its stock price fell 8 percent in after-hours trading as it continues to move toward becoming more of a competitor to Amazon. Laura Stevens of The Wall Street Journal had the news: EBay reported revenue grew 5.6% to $2.22 billion, beating analyst expectations for a […]
Coverage: Yahoo’s earnings attempt to appease Verizon
Yahoo Inc. reported earnings Tuesday that beat analyst expectations but its revenue came in below estimates as the company attempted to soothe the worries of its acquirer Verizon Communications. Kara Swisher of Recode had the news: Analysts had expected the company to report earnings of 14 cents per share, excluding certain expenses, compared to 15 cents […]
Coverage: Netflix shares soar after earnings beat
Netflix Inc.’s shares rose by more than 20 percent in after-hours trading after the video service reported that its subscriber growth in the most-recent quarter bested even the most optimistic expectations. Mike Snider of USA Today had the news: The Los Gatos, Calif.-based Internet streaming video provider added 3.2 million new international subscribers and 370,000 new […]
Coverage: More executive shakeup at McDonald’s
Two more top executives will be leaving fast food restaurant chain McDonald’s Corp. by the end of the year as it continues to struggle to maintain growth. Julie Jargon of The Wall Street Journal has the news: Karen King, the company’s chief field officer, plans to retire at year-end. Ms. King, 60 years old, is in […]
