Coverage: Dell to buy EMC for $67 billion
It was rumored to be the largest deal of its kind, and on Monday morning, Dell Inc. confirmed it would buy EMC Corp. in a record breaking deal. Valued at roughly $67 billion, the deal provides EMC shareholders $33.15 per share, or a 27 percent premium since the deal was first speculated. .@Dell & @EMC […]
Talking Biz News Today – Oct. 12, 2015
Some of Monday’s top business news stories: The Wall Street Journal Light beer gets in touch with serious side, by Tripp Mickle Drone project lacks Pentagon orders needed to stay aloft, by Andy Pasztor The New York Times A student loan system stacked against the borrower, by Gretchen Morgenson Apple is said to deactivate its […]
Coverage: Netflix bumps up popular subscription price
Netflix’s most popular version of its online streaming service will increase to $10 annually, up from $8.99 annually. The move has built-in protection for the company’s existing customers, who will be given a grace period before they too must pay the extra $1 a year. Michael Liedtke of the Associated Press had the story: Netflix is raising […]
Talking Biz News Today – Oct. 9, 2015
Some of Friday’s top business news stories: The Wall Street Journal Blackstone to buy BioMed Realty Trust for $4.84 billion, by Lisa Beilfuss Volkswagen U.S. CEO says he didn’t know in 2014 of emissions defeat devices, by Mike Spector and Amy Harder The Associated Press Holiday sales seen rising 3.7 percent, by Anne D’Innocenzio Airlines […]
Coverage: Anheuser-Busch InBev slams SABMiller
After SABMiller’s board of directors rejected its $104 billion bid, Anheuser-Busch InBev criticized the company for refusing to “meaningfully engage” in the takeover talks. Chad Bray of The New York Times had the company’s reaction: Anheuser-Busch InBev stepped up public pressure on Thursday, a day after SABMiller’s board of directors rejected a $104 billion bid from its […]
Talking Biz News Today – Oct. 8, 2015
Some of Thursday’s top business news stories: The Wall Street Journal SABMiller rejects AB InBev’s $104 Billion proposal, by Saabira Chaudhuri and Tripp Mickle Pandora to buy Ticketfly for $450 Million, by Hannah Karp The Associated Press Google is latest tech giant to claim space in mobile news, by Tali Arbel US consumer borrowing climbs […]
Coverage: Fiat Chrysler workers could strike
Fiat Chrysler could have a big problem on their hands as early as Wednesday night, if the automaker does not agree on a contract deal with workers. In a letter to the company Tuesday, the United Auto Workers said workers would strike if a deal was not reached. Not only would the potential strike include approximately 36,000 workers, […]
Talking Biz News Today – Oct. 7, 2015
Some of Wednesday’s top business news stories: The Associated Press PepsiCo boosted by smaller chip bags, non-soda drinks US trade deficit widens to $48.3 billion in August, by Martin Crutsinger The Wall Street Journal UAW threatens strike to Fiat Chrysler, by Christina Rogers and John D. Stoll For prescription drug makers, price increases drive revenue, […]
Coverage: Dupont CEO makes unexpected exit
Dupont’s longtime veteran CEO Ellen Kullman is leaving the company on Oct. 16. The announcement comes just five months after she won a very public proxy battle against activist investor Nelson Peltz and his Trian Fund Managment LP for board seats. Kullman has been with Dupont for 27 years. Jacob Bunge of The Wall Street […]
Talking Biz News Today – Oct. 6, 2015
Some of Tuesday’s top business news stories: The Wall Street Journal Wendy’s CEO to retire; Finance chief tapped as successor, by Julie Jargon At Volkswagen, a familiar figure returns, by William Boston Fortune LinkedIn will pay $13M for sending those awful emails, by Jeff John Roberts Largest retailer bankruptcies of last decade, by Phil Wahba […]
