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 An Increasingly Packed Field Stokes Media Competition for Digital Advertising Dollars
The New York Times, April 27, 2015 Monday

 Over the next two weeks, some of the biggest Internet companies and publishers will showcase their original programming in an annual attempt to attract advertising dollars. The events, taking place in New York under the banner of the Digital Content NewFronts, are equal parts sales pitch and festival. This year, they are also something else: crowded. Thirty-three companies are holding events -- by far the most since the gathering began in 2012 -- reflecting a rush to lure ad dollars away from...
 At TPG, a Low-Profile Fund's Diversity Thrives
The New York Times, April 27, 2015 Monday

 SAN FRANCISCO -- Since its inception, TPG has been best known for the leveraged buyouts of prominent companies including Continental Airlines, Neiman Marcus and a now-bankrupt Texas utility that was a big player in the energy sector. But perhaps the brightest spot in its ever-growing constellation of investment vehicles is a relatively low-profile fund that has invested in a diverse array of firms: a cellphone tower operator in Myanmar, a Brazilian airline led by the founder of JetBlue, and...
 Hurt by Legal Costs, Deutsche Bank Reports Slide in Profit
The New York Times, April 27, 2015 Monday

 FRANKFURT -- Deutsche Bank, Germany's largest bank, said on Sunday that its net profit fell by half in the first quarter as it absorbed the legal costs of past wrongdoing by bank employees. Profit in the first three months of the year was 559 million euros (about $608 million), Deutsche Bank said, down from 1.1 billion euros a year earlier. Although revenue rose 24 percent, to 10.4 billion euros, in the quarter, profit fell because of the 1.5 billion euros that the bank set aside to cover a...
 Chipotle to Stop Serving Genetically Altered Food
The New York Times, April 27, 2015 Monday

 In a first for a major restaurant chain, Chipotle Mexican Grill on Monday will begin serving only food that is free of genetically engineered ingredients. ''This is another step toward the visions we have of changing the way people think about and eat fast food,'' said Steve Ells, founder and co-chief executive of Chipotle. ''Just because food is served fast doesn't mean it has to be made with cheap raw ingredients, highly processed with preservatives and fillers and stabilizers and artificial...
 Merger's Collapse Leaves Frustrated Cable Customers Out in the Cold
The New York Times, April 27, 2015 Monday

 In the vast realm of unhappy cable customers, Time Warner Cable subscribers stand out as an especially miserable bunch. The company, which has near monopolies in some of the country's largest markets, including parts of New York City, scores dead last on consumer satisfaction surveys, not only for cable but for all industries.   Now, with Time Warner Cable back in play after Comcast abandoned its $45 billion takeover last week, many of the company's more than 15 million subscribers are...
 BEVERAGE INDUSTRY; Coke sales under pressure
The Atlanta Journal-Constitution, April 26, 2015 Sunday

 Six years ago, Muhtar Kent promised that Coca-Cola would double its revenue by 2020. But instead of marching relentlessly toward that goal, Coke in 2015 finds itself forced into internal transition and trying to regain its footing in North America, its biggest market. The soda business is struggling, and health advocates almost daily attack soft drinks as a chief villain in the obesity epidemic. On Wednesday, CEO Kent will seek to convince shareholders at Coke's annual meeting at the Cobb...
 Deutsche Bank to pay $2.5 billion settlement in rate-fixing case
The Boston Globe, April 24, 2015 Friday

 Officials at Deutsche Bank headquarters (above) in Frankfurt welcomed the settlement with US and UK authorities and said they had set aside the equivalent of $1.6 billion in the first quarter to cover the penalty. FRANKFURT — Deutsche Bank will pay a $2.5 billion penalty to US and British authorities to settle accusations that it helped manipulate the benchmarks used to set interest rates on trillions of dollars in mortgages, student loans, credit cards, and other debt, officials said...
 Comcast set to drop $45b bid to merge with Time Warner; Plan faced intense regulatory scrutiny
The Boston Globe, April 24, 2015 Friday

 Comcast had sought to create a company that would have controlled just under 30 percent of the pay television subscribers in the United States. NEW YORK — Comcast plans to abandon its $45 billion takeover of Time Warner Cable after the deal encountered intense regulatory scrutiny over whether it was anti-competitive and in the public interest, people briefed on the matter said Thursday. The merger would have united the country's two largest cable operators and reshaped video and broadband...
 Despite strong US sales, GM profit misses
The Boston Globe, April 24, 2015 Friday

 GM's sales of pickup trucks increased last quarter. General Motors Co.'s quarterly profit of $900 million missed estimates as its struggles in Russia and Brazil undermined strong sales of light trucks in the United States. GM reported profit of $2.18 billion in North America, its most lucrative market. Currency exchange rates also hurt GM's performance. Still, the automaker said its global sales rose 2 percent to 2.4 million vehicles, thanks to a 6.1 percent jump in North America and a 9.4...
 AutoNation posts record profits
Sun-Sentinel (Fort Lauderdale, Florida), April 23, 2015 Thursday

 AutoNation, the country's largest auto retailer, on Wednesday reported yet another quarter of record financial results, beating analysts' expectations. The Fort Lauderdale company also said it is bought several stores and signed an agreement to buy another that will increase its annual revenue by about $320 million.
 Citrix takes restructuring charges; $34 million spent on downsizing
Sun-Sentinel (Fort Lauderdale, Florida), April 23, 2015 Thursday

 Citrix Systems took a $10 million hit in the first quarter for costs related to restructuring, according to financial results announced Wednesday The software company in Fort Lauderdale warned earlier this month of a shortfall in profits. On Wednesday, Citrix reported $29 million in net income in the quarter ending March 31, compared with $56 million in profits.
 Humira on top in 1Q
Chicago Tribune, April 24, 2015 Friday

 The launch of a new drug to treat hepatitis C and continued strong demand for Humira drove AbbVie's first-quarter results. Here's a snapshot of the quarter and a bit of what's to come.
 Comcast merger seems dead as FCC reportedly opposes it
The Philadelphia Inquirer, April 24, 2015 Friday

 Comcast Corp.'s giant deal for Time Warner Cable Inc. seemed dead Thursday after the staff of the Federal Communications Commission reportedly favored sending the $45 billion transaction to an administrative law judge for a decision.   Such a move indicates that the FCC does not believe the deal would benefit consumers.  A hearing before an administrative law judge - unlike private negotiations between high-level FCC officials and Comcast executives over conditions of the merger - would offer...
 Google proves it's still the one to beat; Shares up 3% even after earnings dip below estimates
USA TODAY, April 24, 2015 Friday

 Google may be facing growing challenges from European regulators, encroaching competitors, slowing growth and the rapidly changing habits of smartphone-toting consumers, but it still wields more power than any other company on the Internet. And that isn't going to change anytime soon.
 After 15 years, Nasdaq hits record; Dot-com bust is officially history after 15-year seesaw
USA TODAY, April 24, 2015 Friday

 The Nasdaq composite is finally back to where it was 15 long years ago at the tippy-tippy top of the dot-com stock bubble. The tech- and biotech-fueled stock index closed at a new record high Thursday, finally wiping out all of the nearly 80% loss it suffered after the tech-stock crash in 2000.
 Microsoft beats the Street as turnaround gains speed; Tech giant continues its pivot to cloud- and mobile-first strategy
USA TODAY, April 24, 2015 Friday

 Microsoft roundly beat Wall Street expectations Thursday, announcing that fiscal third-quarter revenue grew to $21.7 billion and earnings per share hit 61 cents. Analysts expected Microsoft to earn 51 cents a share on revenue of $21.07 billion, compared to 68 cents per share on $20.4 billion revenue in the year-ago quarter.
 Nasdaq reaches 5056 in all-time closing high; Biggest winner not tech stock, it's Monster Beverage
USA TODAY, April 24, 2015 Friday

 Remember the good old days of March 2000? It was a popular time to own Nasdaq stocks -- almost as much as it is now. The Nasdaq composite index finally closed at a new record Thursday, rising 20.89 points, or 0.4%, to 5056.06. That capped a 5,522-day clawback past its old all-time closing high of 5,048.62 in 2000, a long run that was fueled by some remarkable runs in some individual companies.
 Amazon cloud service now a $5 billion business
USA TODAY, April 24, 2015 Friday

 Amazon swung to a loss in the first quarter, as expected, but reported a sales gain that topped Wall Street forecasts. The big news for many investors, however, was that Amazon's cloud-computing service is now a $5 billion business.
 A Strong Dollar Is Trumping Cheap Fuel
The New York Times, April 24, 2015 Friday

 There were two big shifts in global markets in the second half of 2014 that looked likely to shape how the American economy would perform in 2015. Oil prices plummeted last year, leading to cheaper gasoline -- good news for American consumers and companies like airlines and shipping firms that are heavy fuel users. Meanwhile, the dollar soared on global currency markets, making life more difficult for exporters who faced higher costs relative to global competitors.   The giant question for the...
 Resistance to Verizon Promotion
The New York Times, April 24, 2015 Friday

 Disney and Fox took another swipe at Verizon on Thursday, informing the telecommunications company that they would not run a commercial for FiOS's new cable package on some of their channels.
 Sales and Profits Rise for Starbucks and Dunkin' Brands
The New York Times, April 24, 2015 Friday

 America's love affair with coffee shows no sign of abating, with Starbucks and Dunkin' Brands reporting higher profits in the first three months of the year. Starbucks saw its sales in stores open at least a year rise 7 percent, while revenue jumped 18 percent to $4.6 billion in its fiscal second quarter, which ended March 29. Howard Schultz, the chief executive, said it was the 21st consecutive quarter that comparable-store sales grew more than 5 percent.
 G.M.'s Income Climbs After a Year of Recalls
The New York Times, April 24, 2015 Friday

 DETROIT -- General Motors, the nation's biggest automaker, said on Thursday that its net income climbed to $945 million in the first quarter on the strength of vehicle sales in its core North American market. The results were far better than in the same period a year ago, when costs associated with safety recalls limited G.M.'s quarterly profit to $125 million.   The company said that its results were lifted, in particular, by sales of new pickup trucks in the United States.
 Mercedes-Benz to Pay Fine in China to Settle Price-Fixing Claims
The New York Times, April 24, 2015 Friday

 HONG KONG -- Chinese antitrust regulators on Thursday fined Mercedes-Benz 350 million renminbi, accusing the company of fixing prices on luxury cars and some spare parts. The penalty is just the latest for a foreign carmaker in China, the world's largest auto market.
 K.K.R. Posts Weaker First-Quarter Profit
The New York Times, April 24, 2015 Friday

 The private equity giant Kohlberg Kravis Roberts on Thursday posted slightly weaker first-quarter profit as it deals with more modest growth. The firm, led by Henry R. Kravis and George R. Roberts, said its economic net income, a metric that includes unrealized gains or losses, was $599.4 million in the quarter, representing a 5 percent decline, compared with $630.3 million in the same period a year earlier.
 Santander and UniCredit Agree to Combine Asset Management Units
The New York Times, April 24, 2015 Friday

 LONDON -- Banco Santander said on Thursday that it had reached a preliminary agreement to combine its asset management arm with Pioneer Investments, a unit of UniCredit of Italy.
    

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