Coverage: Nokia in talks to buy Alcatel-Lucent
Nokia is looking for a change, and it’s turning to Alcatel-Lucent to provide it. If the deal goes through, Nokia would be poised to be one of the biggest telecommunications companies in the world. The Wall Street Journal story by Juhana Rossi had these details about the deal: Nokia Corp. has emerged as the possible engine behind […]
Coverage: Qualcomm under fire
Activist investors are targeting Qualcomm Inc.’s chipset business, agitating for the company to spin it off. While the moves might make some of the company’s largest shareholders happy, the market wasn’t particularly enamored with the plan. Bloomberg’s Beth Jinks and Ian King had these details about the investor up-rising: Qualcomm Inc. should consider spinning off […]
Coverage: Blackstone flexes muscle on GE deal
Blackstone is making its move. As many others in financial services regroup and downsize, the private-equity giant is making a big move in real estate. The announcement last week that they would buy GE’s real estate portfolio cemented them as one of the largest players in the market. Landon Thomas, Jr. had this follow-up story […]
Coverage: GE selling real estate holdings
General Electric Co. is close to selling its $30 billion real estate portfolio to several financial firms. While the details weren’t clear, it’s a big step for the company to move away from finance and refocus on its core manufacturing business. The New York Times story by David Gelles had these details about the sale: […]
Coverage: Fed debates rate hike
Many in the financial world were expecting an interest rate hike in June, but it seems that the Federal Reserve Board may have other plans. The New York Times had this story by Binyamin Appelbaum about what the Fed is thinking about in terms of raising rates: The Federal Reserve is looking increasingly unlikely to […]
Coverage: The year’s biggest LBO
In the year’s biggest leveraged buyout, data-software company Informatica will be taken private by Permira Advisers and the Canada Pension Plan Investment Board. The Wall Street Journal story by Gillian Tan had these details about the deal: Data-software company Informatica Corp. agreed to be bought by Permira Advisers LLC and the Canada Pension Plan Investment Board for $5.3 […]
Coverage: Viacom takes $785 million restructuring charge
Viacom is taking a more-than-expected charge in order to restructure the company. The $785 million cost is expected to save $350 million. Those are big numbers for a well-known and respected brand. David Lieberman had these details about Viacom’s charges in his story for Deadline: The $785 million hit is the short-term pain for what […]
Coverage: Columbia Journalism reviews Rolling Stone UVA story
The Columbia Journalism School published its report on the breakdown of Rolling Stone’s story about an alleged rape at the University of Virginia. Its findings call into question decisions made by everyone at the organization and it details ways it could have prevented the story’s publication. Rolling Stone published the report by Sheila Coronel, Steve […]
Coverage: McDonald’s raises its pay
Will less than $1 be enough for McDonald’s workers? That remains to be seen, but the company is planning to raise its minimum wage to $9.90 for workers across the U.S. The Washington Post had these details about the company’s decision in a story by Lydia DePillis: McDonald’s will raise its minimum wage to an […]
Coverage: Charter Communications spending $10 Billion for Bright House
Cable companies continue to consolidate with the latest multi-billion dollar merger agreement announced Tuesday. Charter Communications is paying more than $10 billion for Bright House in hopes of continuing to capture market share. Emily Steel and David Gelles had this story for The New York Times: In the cable business, the big keep getting bigger. […]
