Coverage: Shareholder activist Loeb strikes out at Dow Chemical
Even though the ink is still drying on its $130 billion mega merger, Dow Chemical is still fending off attacks from shareholder activist Daniel Loeb. Over the weekend, Loeb wrote a letter to the company’s board in which he agreed with the deal and then criticized the company’s timing of the deal. Loeb went so far as to ask […]
Talking Biz News Today – Dec. 14, 2015
Some of Monday’s top business news stories: The Wall Street Journal TV broadcasters poised to turn back tough FCC rule, by Keach Hagey Coke President James Quincey works behind the scenes to cut costs, reverse flagging soda sales, by Mike Esterl TheStreet Yes, you can actually invest in China’s worsening air pollution, by Ralph Jennings The force is with […]
Coverage: Volkswagen blames “chain of mistakes”
Officials for Volkswagen held a press conference Thursday to update the public on the ongoing investigation into its emissions scandal. The German automaker is fighting to redeem its reputation worldwide after reports of intentional cheating on emissions testing rocked the company in September. Jack Ewing of The New York Times summed up the day’s news: […]
Talking Biz News Today – Dec. 11, 2015
Some of Friday’s top business news stories: The Wall Street Journal DuPont, Dow Chemical agree to merge, by David Benoit, Jacob Bunge and Chelsey Dulaney Volkswagen blames ‘chain of mistakes’ for emissions scandal, by William Boston, Hendrik Varnholt and Sarah Sloat Bloomberg Rate destination unknown as Fed countdown to liftoff approaches, by Craig Torres Can Elizabeth Holmes save her unicorn?, by […]
Coverage: Fiat Chrysler to pay $70 million auto safety fine
After failing to disclose vehicle crash death and injury reports, Fiat Chrysler Automobiles has agreed to pay a $70 million fine issued by the National Highway Traffic Safety Administration. The agreement comes after the safety regulator launched an investigation in September into Fiat Chrysler’s reporting process. David Shepardson of Reuters broke the news of the impending […]
Talking Biz News Today – Dec. 10, 2015
Some of Thursday’s top business news stories: The Wall Street Journal Volkswagen says carbon deviations much smaller than suspected, by Sarah Sloat Yahoo shelves plans to spin off Alibaba stake, by Douglas Macmillan Reuters Weak U.S. inventories seen weighing on fourth quarter growth, by Lucia Mutikani Lululemon profit misses as margins hit by high inventories, by Julie Gordon and Josline Pinto […]
Coverage: Yahoo to spin off its core business
The future for Internet giant Yahoo just became a bit more hazy with the company confirming a spin off of its core business. For months, the company planned a spin off of its multi-billion dollar stake in Alibaba, but after set backs from the Internal Revenue Service and investor uncertainty, Yahoo changed its pace. Vindu […]
Talking Biz News Today – Dec. 9, 2015
Some of Wednesday’s top business news stories: The Wall Street Journal Pep Boys to further consider Icahn proposal, by Austen Hufford Coca-Cola names Hendrik Steckhan president of U.S. operations, by Mike Esterl Bloomberg Gun stocks, predictably, climb after massacre, by Paul Barrett Verizon would explore Yahoo deal if board decides to sell, by Scott Moritz The Associated Press U.S. job openings […]
Coverage: Newell Rubbermaid might merge with Jarden
Newell Rubbermaid is known for its storage containers and Sharpie markers, but the company is looking to diversify itself even further by entering merger talks with consumer products company Jarden Corp. Jarden owns several brands, such as outdoor supply company Marmot and cleaning supply brand Quickie. Greg Roumeliotis of Reuters had the day’s news: Newell Rubbermaid […]
Talking Biz News Today – Dec. 8, 2015
Some of Tuesday’s top business news stories: The Wall Street Journal Keurig Green Mountain taken private in $13.9 billion deal, by Anne Steele Icahn makes bid for Pep Boys, by Austen Hufford Quartz A Chinese bank’s IPO pop suggests the “Beijing boost” has come to Hong Kong, by Heather Timmons Oil prices are closing in on their lowest […]
