Coverage: HP buying Samsung’s printer business
HP Inc. agreed Monday to buy Samsung Electronics Co.’s printer business for $1.05 billion in a deal designed to bolster its offerings in the market for high-volume devices that handle printing and copying for office work groups. Don Clark and Eun-Young Jeong of The Wall Street Journal had the news: The transaction, which is subject to regulatory approval, is expected […]
Coverage: Wells Fargo fined $185 million for sales practices
San Francisco-based Wells Fargo & Co. was fined $185 million by local and federal authorities for “widespread illegal” sales practices that included opening as many as 2 million deposit and credit-card accounts without customers’ knowledge. Emily Glazer of The Wall Street Journal had the news: Employees at the bank, which has 40 million retail customers, in some instances […]
Coverage: Apple unveils iPhone 7, new watch
Apple rolled out the latest model of its iPhone as well as a new iWatch and several other gadgets designed to keep the technology company’s revenue and profits growing. Dan Seifert of The Verge had the news about the iPhone: Apple has officially announced the iPhone 7 and iPhone 7 Plus today. The new iPhone features […]
Coverage: Bayer ups its offer to buy Monsanto
Bayer AG is willing to up its offer to acquire Monsanto Co. to $127.50 a share, and it’s apparently in advanced negotiations to acquire the U.S.-based seed company. Adam Samson of the Financial Times had the news: Germany’s Bayer said in a statement that “while key terms and conditions have not yet been agreed”, it would […]
Coverage: SpaceX explosion is a headache for Musk, Zuckerberg
The explosion of an unmanned SpaceX rocket Thursday morning at Cape Canaveral Air Force Station has put a crimp in the business plans of two of the tech industry’s best-known CEOs — Elon Musk and Mark Zuckerberg. Samantha Masunaga and Jim Puzzanghera of the Los Angeles Times had the news: The ensuing fireball delivered a blow […]
Morningstar has closed 10Kwizard.com
Morningstar has closed the 10kwizard.com Securities and Exchange Commission document service used by many business journalists. Nadine Youssef, a Morningstar spokeswoman, told Talking Biz News: We want to simplify and streamline our product lineup and focus on our core customer groups. The primary users of Morningstar Document Research are law firms and accounting firms, clients […]
Coverage: McDonald’s names new head of U.S. business
McDonald’s Corp. on Wednesday named a relative newcomer to the fast food restaurant company as the next head of its U.S. business, a change from its past promotions. Candice Choi of the Associated Press had the news: The Oak Brook, Illinois-based company said Wednesday that Mike Andres, who is 58 and stepped into his role in […]
Coverage: Two fertilizer companies in talks to combine
Canadian fertilizer giants Agrium Inc. and Potash Corp. are in talks about a possible merger of equals that would create a company worth $28 billion as the industry contends with lower earnings. Ben Dummett of The Wall Street Journal has the news: For the first six months of this year, Agrium’s retail business generated sales of $8.1 billion, […]
Coverage: Mondelez walks away from Hershey
Mondelez International Inc. ended its bid to acquire Hershey Co.after the famed chocolate-bar maker rebuffed a new takeover offer and indicated it would be difficult to strike a deal before next year. Jess Stynes and Dana Cimulluca of The Wall Street Journal had the news: Mondelez said in a statement after the market closed Monday that it determined […]
Coverage: Sears/Kmart continue to struggle
The parent company of retailers Sears and Kmart reported a loss on Thursday and that its same-store sales — a key barometer of a retailer’s health — continued to decline. Hadley Malcolm of USA Today had the news: The company went in the red for the period ended July 30, recording a loss of $395 million, […]
