Coverage: Coca-Cola posts surprising results
Coca-Cola Co.’s third quarter quarter revenue and profit topped Wall Street expectations on Tuesday, as investments to cater to changing consumer tastes paid off with higher sales of its sugar-free sodas and vitamin waters. Aishwarya Venugopal of Reuters had the news: Organic revenue, or sales from its core beverage business, rose 6 percent in the third […]
What’s behind the “Household Name” podcast from Business Insider
Lauren Rubenstein of Wesleyan University writes about Business Insider’s Dan Bobkoff, host of the “Household Name” podcast. Rubenstein writes, “‘Whether you like iPhones or Androids is almost like a religious affiliation,’ he says. ‘Or you might have had a poignant family moment at McDonald’s.’ “This is the lens through which Bobkoff explores brands in his […]
Coverage: IBM is buying Red Hat for $34 billion
IBM Co. announced Sunday afternoon that it will acquire open-source software company Red Hat Inc. for $34 billion, helping IBM expand its reach as an enterprise cloud computing provider. Andrew Liptak of The Verge had the news: Red Hat describes itself as a leading provider of open source software and services for enterprise customers, focusing on cloud computing […]
Coverage: Amazon.com’s holiday forecast disappoints investors
Amazon.com Inc. on Thursday forecast holiday season sales that disappointed Wall Street, attributing what would be its lowest growth in years more to accounting issues than to any slowdown in business for the world’s largest online retailer. Jeffrey Dastin and Arjun Panchadar of Reuters had the news: Amazon’s third-quarter sales and its forecast for fourth-quarter operating profit missed analyst […]
Coverage: Tesla shares rise in advance of earnings release
Tesla Inc. moved its third-quarter earnings release up two weeks to Wednesday, causing the electronic carmaker’s stock to rise by more than 12 percent. Nora Naughton of the Detroit News had the story: Analysts and industry observers are predicting Tesla — beset by manufacturing problems, distribution snafus and a confrontation with securities regulators — to report a profit or near-profit for […]
Coverage: Kimberly-Clark replaces its CEO after disappointing earnings
Michael Hsu will succeed Thomas Falk as chief executive officer of Irving, Texas-based consumer products company Kimberly-Clark, the company announced Monday as it also reported disappointing earnings. Maria Halkias of the Dallas Morning News had the story: Falk, 60, who has been CEO since 2002 and chairman since 2003, will become executive chairman of the board […]
Coverage: CEO tears into analysts during conference call
The CEO of a mining company exploded at short-sellers and Wall Street analysts on Friday, saying they don’t know how to read financial reports and should quit their jobs. David Koenig of the Associated Press had the news: “You guys should resign for your lack of knowledge of things,” said Lourenco Goncalves, the CEO of Cleveland-Cliffs […]
CNBC Digital seeks associate producer for tech coverage
CNBC Digital is seeking a tech-obsessed shooter/editor/producer to join the growing technology video team. This candidate should be comfortable in all aspects of video production – and possess a unique storytelling voice. The ideal candidate would be comfortable creating and owning original projects as well as working with other reporters and producers on their stories. The Associate […]
Coverage: Invesco is buying Oppenheimer Funds for $5.7 billion
Invesco Ltd. is paying $5.7 billion in a deal with Massachusetts Mutual Life Insurance Co. to acquire its Oppenheimer Funds, which specializes in picking stocks and bonds especially in the international arena. Charles Stein, John Gittelsohn and Katherine Chiglinsky of Bloomberg News had the news: At a time when many investors are deserting active funds […]
Coverage: Netflix rises after reassuring investors
Netflix Inc. hooked 7 million new streaming subscribers from July to September, a third more than Wall Street had expected, reassuring investors who had worried the company was facing a slowdown in its fast-paced growth. Lisa Richwine and Vibhuti Sharma of Reuters had the news: The record number of additions for the period brought Netflix’s customer base to […]
