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 Earnings; DSW to test selling kids' shoes in 20 of its stores;
The Columbus Dispatch (Ohio), August 27, 2014 Wednesday

 DSW sees an opportunity in selling children's shoes and plans to test the theory in 20 stores soon. The news came yesterday as executives at the Columbus-based retailer of footwear and accessories reported better-than-expected second-quarter earnings. "Our research last year identified this as an opportunity area," said Mike MacDonald, president and CEO. "As a result, we're testing an assortment of kids' product at 20 stores during the fall season."
 S&P 500 rises above 2,000 for first time on economic strength and acquisitions
The Buffalo News (New York), August 27, 2014 Wednesday

 U.S. stocks rose Tuesday, sending the Standard & Poor's 500 Index to close above 2,000 for the first time, as reports showed the biggest-ever jump in durable-goods orders and an unexpected increase in consumer confidence. Amazon.com Inc. added 2.3 percent after the company said it's buying video-game service Twitch Interactive Inc. in one of its biggest-ever acquisitions. Tim Hortons Inc. jumped 8.5 percent after Burger King Worldwide Inc. agreed to acquire the coffee-and-doughnuts chain in a...
 Turner Broadcasting offers buyouts
The Boston Globe, August 27, 2014 Wednesday

 The CNN headquarters in Atlanta. The parent of CNN, TNT, and TBS offered voluntary buyouts to 600 workers. NEW YORK — The corporate parent of CNN, TNT, and TBS on Tuesday offered voluntary buyouts to 600 veteran employees, part of an overall cost-cutting effort at the Atlanta-based broadcasting company founded by Ted Turner.
 Netflix, Dish file objections to Comcast-Time Warner Cable merger
The Philadelphia Inquirer, August 27, 2014 Wednesday

 Netflix Inc., Dish Network, and the Los Angeles County government are among organizations opposing Comcast Corp.'s proposed $45 billion acquisition of Time Warner Cable Inc., based on documents filed right up to the midnight Monday deadline with the Federal Communications Commission.  Reed Hastings, chief executive officer of the online streamer Netflix, had signaled that the company could oppose a combined Comcast/Time Warner Cable, which would provide more than one-third of U.S. consumers...
 India Fines 14 Carmakers in Antitrust Cases
The New York Times, August 27, 2014 Wednesday

 MUMBAI, India -- India's antimonopoly regulator has fined 14 automobile companies about $422 million in all for failing to allow fair competition in the market for spare parts. The companies, including the local units of Honda and Ford, violated trade norms in the spare parts and after-sale services market, affecting about 20 million customers, according to the regulator, the Competition Commission of India. The fine of 25.54 billion rupees follows heightened regulatory scrutiny in India that...
 Global Web of Financial Connections in Burger King's Deal for Tim Hortons
The New York Times, August 27, 2014 Wednesday

 Updated, 9:21 p.m. | To many, Burger King is an American icon that has served up flame-broiled Whoppers and fries for six decades. But with a deal to buy the doughnuts-and-coffee chain Tim Hortons on Tuesday, it will soon become a Canadian company majority owned by a Brazilian investment firm -- with the assistance of the American billionaire Warren E. Buffett. In announcing their $11.4 billion merger, Burger King and Tim Hortons declared their intentions to become a truly global fast-food...
 At&t Mobility Names New Chief Executive
The New York Times, August 27, 2014 Wednesday

 AT&T, the No. 2 carrier in the United States, said on Tuesday that it had given promotions to two senior executives, including the chief executive of its wireless business.
 Best Buy quarterly sales drop
Los Angeles Times, August 27, 2014 Wednesday

 Best Buy Co. said sales fell in its fiscal second quarter and would probably keep dropping amid weak demand for consumer electronics products.
 Amazon to acquire Twitch for nearly $1B
USA TODAY, August 26, 2014 Tuesday

 Amazon on Monday said it will acquire Twitch, a video service aimed at gamers that allows them to broadcast their virtual exploits to others online. Amazon will pay $970 million in cash for all outstanding Twitch shares. The deal closes during the second half of this year.
 Corporate deals push markets higher
The Boston Globe, August 26, 2014 Tuesday

 The S&P 500 flirted with 2,000 as the market enjoys a late-summer revival after dipping earlier this month on concerns about tensions in Ukraine and the Middle East. News that Burger King is in talks to acquire doughnut chain Tim Hortons built on news over the weekend that a California biotech, InterMune, agreed to sell itself to the Swiss pharmaceutical giant Roche for $8.3 billion. A Commerce Department report that sales of new homes slid 2.4 percent in July didn't weigh on the broader market....
 Some patrons rebel against BK's plan to move to Canada
The Boston Globe, August 26, 2014 Tuesday

 NEW YORK — Some Burger King customers are finding it difficult to swallow that the home of the Whopper could move to Canada. Investors seemed to welcome the announcement by Burger King late Sunday that it was in talks to buy the Canadian coffee-and-doughnut chain Tim Hortons and create the world's third-largest fast-food restaurant company. The news pushed shares of both companies up: Hortons by 18.8 percent and BK by 19.5 percent.
 S.&P. 500 Hits 2,000 as Wall Street Markets React to Support From Central Bankers
The New York Times, August 26, 2014 Tuesday

 Encouraging signals from central bankers helped lift Wall Street on Monday, propelling the Standard & Poor's 500-stock index above 2,000 points for the first time. Investors cheered comments from central bankers that suggested continued support for the economy.
 China Developing an Operating System to Take on Microsoft, Google and Apple
The New York Times, August 26, 2014 Tuesday

 SHANGHAI -- China could have a new homegrown operating system by October to take on imported rivals such as Microsoft, Google and Apple, Xinhua, the government news agency, reported.
 Investors Urge Ann Taylor to Explore Sale of Chain
The New York Times, August 26, 2014 Tuesday

 Updated | Ann Inc., the parent company of the Ann Taylor stores, is being pressed to explore options, including a sale by the activist investor Engine Capital and the hedge fund Red Alder.
 Estée Lauder to Weave Pink Ribbons Through the Internet
The New York Times, August 26, 2014 Tuesday

 FOR 2014, the 23rd annual breast cancer awareness campaign from the Estée Lauder Companies will have more of a focus on digital and social media, executives say, and become a year-round initiative rather than be concentrated in October, when Breast Cancer Awareness Month is marked each year. Those changes in the campaign, which is scheduled to begin this week, reflect how social and digital platforms can help charities and causes break through the clutter. The Internet's power was demonstrated...
 Burger King eyes move to Canada
The Washington Post, August 26, 2014 Tuesday

 Yet another American company is aiming to move its headquarters out of the country. International fast-food behemoth Burger King Worldwide is in talks to buy Canadian chain Tim Hortons, which sells coffee, doughnuts and other breakfast fare. The deal, as it is being discussed, would merge the United States' second-largest burger chain, which is valued at nearly $10 billion, with the Canadian equivalent of Dunkin' Donuts, which is valued at more than $8 billion. It also would move the new...
 Burger King may move base to Canada
The Boston Globe, August 25, 2014 Monday

 NEW YORK — Burger King Worldwide Inc. said Sunday it is in talks to buy Tim Hortons Inc, the Canadian doughnut-and-coffee chain, in a potential deal that would create one of the world's biggest fast-food chains.
 Roche to pay $8b for maker of drug; InterMune sells treatment for lung disease
The Boston Globe, August 25, 2014 Monday

 NEW YORK — The Swiss drugmaker Roche agreed on Sunday to buy InterMune — which sells a drug to treat a deadly lung disease — for $8.3 billion, as pharmaceutical companies continue to seek products to bolster their offerings.
 Roche's $8.3 Billion Bid for Rival Aims to Bolster Drug Roster
The New York Times, August 25, 2014 Monday

 The Swiss drug maker Roche agreed on Sunday to buy InterMune -- which sells a drug to treat a deadly lung disease -- for $8.3 billion, as pharmaceutical companies continue to seek new products to bolster their offerings. The price, $74 a share, represents a 38 percent premium to InterMune's closing price on Friday and a 63 percent premium to the price on Aug.12, before news reports that InterMune might be acquired.
 Burger King In Talks to Buy Tim Hortons
The New York Times, August 25, 2014 Monday

 Burger King may be the home of the Whopper, but Canada may be the new home of Burger King. The restaurant operator said on Sunday that it was in talks to buy Tim Hortons, the Canadian doughnut-and-coffee chain, in a potential deal that would create one of the world's biggest fast-food businesses. If completed, the deal would mean the burger giant's corporate headquarters would move to Canada, raising the specter of yet another American company switching its national citizenship to lower its tax...
 Gap, Saks sued over outlet stores
Orange County Register (California), August 23, 2014 Saturday

 Shoppers flock to outlet stores looking to save big on brand names, but they may not be getting the quality and savings they expect. That's what two Los Angeles women are claiming in separate consumer-fraud class-action lawsuits against The Gap Inc. and Saks Fifth Avenue LLC.
 RadioShack struggles in a wireless world
The Buffalo News (New York), August 24, 2014 Sunday

 In 1971, Steve Jobs and Steve Wozniak hawked tiny machines called Blue Boxes that allowed long-distance phone calls to be made free by mimicking certain tones. "If it hadn't been for the Blue Boxes, there wouldn't have been an Apple," Jobs once said, according to Walter Isaacson's biography, "Steve Jobs." The parts for the original Blue Box, a collection of diodes and transistors, came from RadioShack.
 Smucker reports 1Q drop in sales, profit Lower prices, more promotions cited for 2% revenue dip
Plain Dealer (Cleveland, OH), August 23, 2014 Saturday

 The J.M. Smucker Co., the Wayne County maker of Folgers Coffee, Jif Peanut Butter and Smucker fruit spreads, said sales and profits were down slightly for the first quarter of fiscal 2015, but expects better news for the rest of the year. For the fiscal first quarter that ended July 31, net sales dipped 2 percent to $1.32 billion, down from $1.35 billion in the same period last year, according to an earnings report released Wednesday.
 With Kraft deal, Keurig adds more coffee brands
The Boston Globe, August 23, 2014 Saturday

 NEW YORK — Keurig Green Mountain says it struck a deal to make Kraft's branded coffees, such as Maxwell House and Gevalia, for its single-serve brewing systems in the United States.
 Covidien acquires California company
The Boston Globe, August 23, 2014 Saturday

 Jose E. Almeida is the CEO of Covidien PLC. Mansfield medical device company Covidien PLC, which is on track to merge with Medtronic in a $43 billion deal, said it has acquired a small California company that makes products to treat vascular disease. Covidien didn't say how much it paid for Reverse Medical Corp., saying only the business will come under its existing neurovascular product line. The merger came under fire this week from longtime Medtronic shareholders who will see higher tax...
    

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