Coverage: Nutrisystem is sold for $1.4 billion
Tivity Health Inc. is buying weight-management firm Nutrisystem Inc. in a cash and stock deal the companies value at about $1.4 billion, the firms announced Monday. Allison Prang of The Wall Street Journal had the news: Tivity, however, lost almost a third of its market value as investors reacted negatively to the deal. Tivity is the parent […]
Talking Biz News Today — Dec. 11, 2018
Some of Tuesday’s top business news stories: Associated Press GM fights government to retain tax credit for electric cars, by Richard Lardner Stocks struggle higher as markets remain volatile; oil drops, by Marley Jay Bloomberg Ghosn had reason to seek his protege’s ouster, by Anjani Trivedi U.S. automakers push Trump to push hard to open Japanese market, by Andrew […]
Coverage: Ghosn was planning to replace Nissan CEO at time of arrest
Nissan Motor Co.’s Carlos Ghosn was planning to replace Nissan Chief Executive Hiroto Saikawa before the plan was derailed by Ghosn’s arrest in Tokyo last month. Sean McLain of The Wall Street Journal had the news: Word of the Ghosn plan adds a new twist to the drama inside Nissan this year. Mr. Saikawa has said the company […]
Talking Biz News Today — Dec. 10, 2018
Some of Monday’s top business news stories: Associated Press GM fights to retain key tax credits amid plant closing plans, by Richard Lardner China summons U.S. envoy to protest detention of Huawei exec, by Christopher Bodeen Bloomberg Madoff’s victims are close to getting their $19 billion back, by Erik Larson and Christopher Cannon Tesla may consider buying idle GM plants, […]
Coverage: Lyft sets the stage for a 2019 IPO
Ride-hailing company Lyft Inc. beat bigger rival Uber Technologies Inc. in filing for an initial public offering on Thursday, defying the recent market jitters and taking the lead on a string of billion-dollar-plus tech companies expected to join Wall Street next year. Joshua Franklin and Heather Somerville of Reuters have the news: Lyft’s IPO will test investors’ appetite […]
Talking Biz News Today — Dec. 7, 2018
Some of Friday’s top business news stories: Associated Press Why Huawei arrest deepens conflict between U.S. and China, by Paul Wiseman and Frank Bajak U.S. stocks claw back from early plunge on Fed report, by Alex Veiga Bloomberg Biggest worry for traders? They don’t know why stocks are moving, by Vildana Hajric and Sarah Ponczek Tesla plans to use stock-cash mix to […]
Coverage: Huawei Technologies CFO arrested at request of U.S.
Canadian authorities arrested Huawei Technologies Co.’s chief financial officer at the request of the U.S. government for alleged violations of Iranian sanctions, the latest move by Washington to crack down on the Chinese cellular-technology giant. Kate O’Keeffe and Stu Woo of The Wall Street Journal had the news: A spokesman for Canada’s justice department said Meng Wanzhou was […]
Talking Biz News Today — Dec. 6, 2018
Some of Thursday’s top business news stories: Associated Press Former CBS chief Moonves accused of more sexual misconduct, by Mae Anderson Trump’s push for tariffs squeezes a weakening global economy, by Josh Boak Bloomberg Apollo’s Leon Black says credit markets are in “bubble status,” by Sabrina Willmer In Caracas, sick humans are resorting to dog medicine, by Noris Soto […]
How three NY Times reporters uncovered the CBS CEO story
Brian Stelter of CNN writes about how the reporting of three New York Times reporters — Ellen Gabler, Rachel Abrams and James B. Stewart — uncovered the real reason for the ouster of CBS Corp. CEO Les Moonves. Stelter writes, “After Farrow’s second story, and after Moonves was forced out, Stewart learned that Moonves and […]
Coverage: Kroger will start selling groceries in Walgreens
Walgreens and Kroger are expanding their partnership by testing a branded Kroger Express grocery section inside the drugstore chain. Amelie Lucas of CNBC.com had the news: The companies, which announced a partnership in October to sell some Kroger products inside 13 Walgreens locations, said Tuesday they decided to expand on the original pilot. Walgreens’ shoppers soon will be able […]
