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 Oracle sharpens claws in fight for cloud market; Tech giant lays down gauntlet to competitors as it expands its geographic, business reach
USA TODAY, April 26, 2017 Wednesday

 Oracle is preparing to intensify its reach for the cloud. In an interview with USA TODAY here, company co-CEO Mark Hurd laid out its latest battle plan, laying down the gauntlet to rivals Amazon, Microsoft, IBM and Salesforce. "They can say what they want, but our strategy and momentum are irrefutable -- we are the fastest-growing cloud company at scale," he said when asked about Amazon and recent criticism. Bravado and fighting words aren't new to the $183 billion-market cap company, which...
 Tyson Foods Continues Expansion With Takeover of Sandwich Maker
The New York Times, April 26, 2017 Wednesday

 Tyson Foods has found a delectable new bite to swallow in its quest to become America's premier protein provider from the farmyard to the kitchen table. The $3.2 billion purchase of AdvancePierre, a ready-to-eat sandwich maker, takes the Springdale, Ark.-based poultry company further up the food value chain. Along with plans to carve off some less wholesome morsels, Tyson is giving investors plenty to cluck about.
 Nasdaq Hits 6,000 as Markets Rise on Tax Overhaul Optimism
The New York Times, April 26, 2017 Wednesday

 Propelled by the skyrocketing returns of large technology stocks, the Nasdaq composite index pushed past the 6,000 level for the first time in its history. The sharp move was driven by a confluence of positive news developments, including a market-friendly outcome in the first round of France's presidential election over the weekend and reports that President Trump will put forward a plan to slash corporate taxes to 15 percent.   Since Mr. Trump's surprise victory last year, all the major...
 Rising Company Profits Lift Share Prices
The New York Times, April 26, 2017 Wednesday

 Profits are climbing for companies, and so are stock prices. More big businesses joined the earnings parade Tuesday, saying their profits were even larger in the first three months of the year than analysts had expected, including Caterpillar and McDonald's. The encouraging reports pushed Wall Street indexes to their second straight day of big gains, placing them close to or firmly in record territory.
 LVMH to Solidify Control of Christian Dior in $13 Billion Plan
The New York Times, April 26, 2017 Wednesday

 LONDON -- The LVMH Moët Hennessy Louis Vuitton luxury empire and the French billionaire Bernard Arnault announced on Tuesday a series of moves to take over Christian Dior in a $13.1 billion deal to consolidate control over the 70-year-old Parisian fashion house. The transaction would simplify LVMH's relationship with Christian Dior by buying out minority shareholders. LVMH, the world's biggest luxury group by revenue, already owns Parfums Christian Dior, and the deal would give it ownership of...
 Yahoo chief's stake worth $186 million before sale
The Washington Post, April 26, 2017 Wednesday

 As Yahoo nears its much-delayed vote on June 8 over the sale of its Internet business to Verizon, the company released its definitive proxy statement Monday, which spelled out the deal for shareholders. But the filing also served as an eye-popping reminder of the hefty stock compensation that its chief executive, Marissa Mayer, has amassed during her tumultuous tenure at the faded Internet pioneer. The number was made even more substantial by its release on the date Yahoo's stock closed near...
 Express Scripts expects to part ways with Anthem, its biggest client
St. Louis Post-Dispatch (Missouri), April 25, 2017 Tuesday

 Express Scripts Holding Co. says it is losing its largest client, Anthem Inc., following allegations that Express Scripts overcharged the health insurer. "Although conversations have been ongoing, the Company was recently told by Anthem management that Anthem intends to move its business when the Company's current contract with Anthem expires on December 31, 2019," a statement released Monday said.
 Uber's actions upset Apple CEO; Cook threatens to kick company out of powerful app store
USA TODAY, April 25, 2017 Tuesday

 Uber placed a digital wall around Apple's headquarters in an effort to hide the fact it was breaking Apple rules by marking iPhones with persistent digital ID tags that would remain after users had deleted the Uber app and wiped the phone, The New York Times reported Sunday.
 Verizon's near-gigabit-speed Fios emulates Google Fiber
USA TODAY, April 25, 2017 Tuesday

 When it comes to your Internet at home, you can never have enough bandwidth. Verizon gets that, and on Monday said it was ready to roll out near-gigabit speeds to more than 8 million potential customers in eight markets. The move turns up the heat on Verizon's competitors in the fast-changing broadband market. Rivals Comcast, Google Fiber and AT&T are also pushing hard on their own gigabit-per-second networks. The rival build-outs are generally good news for consumers.
 Becton, Dickinson acquires C.R. Bard in $24B deal
USA TODAY, April 25, 2017 Tuesday

 Medical device giant Becton, Dickinson & Co. said Sunday it had reached a deal to acquire C.R. Bard, another medical device manufacturer, for $24 billion. The Franklin Lakes, N.J, company, commonly referred to as BD, said the deal would improve its ability to offer products that reduce the chance of hospital-acquired infections.
 After Scandal, Wells Fargo's Board Faces a Contentious Re-election Vote
The New York Times, April 25, 2017 Tuesday

 PONTE VEDRA BEACH, Fla. -- The scandal at Wells Fargo over the creation of millions of fake bank accounts cost more than 5,300 people their jobs, many of them tellers and other low-level employees. The bank then clawed back tens of millions of dollars in pay from its retired chief executive and fired the former head of the retail operation.   The next group of employees who could lose their jobs are Wells Fargo's board of directors, who face re-election on Tuesday at the bank's annual...
 Yahoo Chief Will Rake In $186 Million After Its Sale
The New York Times, April 25, 2017 Tuesday

 SAN FRANCISCO -- Yahoo shareholders will vote June 8 on whether to sell the company's internet businesses to Verizon Communications for $4.48 billion. A yes vote, which is widely expected, would end Marissa Mayer's largely unsuccessful five-year effort to restore the internet pioneer to greatness.
 Jimmy Choo on the Block as Owner Trades Luxury for Coffee
The New York Times, April 25, 2017 Tuesday

 Is coffee a better business than fashion? The Reimann family, the reclusive German consumer goods billionaires who control JAB Holding, seems to think so.   On Monday, the luxury shoe brand Jimmy Choo, in which JAB owns a 67.6 percent stake, announced that it was putting itself up for sale. JAB acquired the brand in 2011 for 540 million pounds, or $800 million at the time, and took it public in 2014.  JAB is also undertaking what it called a strategic review of the Swiss leather goods brand...
 TECHNOLOGY; Tesla to double charging network; The electric car maker is planning to ramp up its annual vehicle production.
Los Angeles Times, April 25, 2017 Tuesday

 Tesla will nearly double its Supercharger electric-car-charging network this year to 10,000 public charging units globally, up from 5,400, the company said Monday.
 Valero may post decline in profit of 40%
San Antonio Express News, April 24, 2017 Monday

 San Antonio-based Valero Energy Corp., the country's largest refiner, is expected to post a 40 percent drop in profit when it releases its earnings Tuesday morning. Justin Jenkins, an analyst for Raymond James, said market conditions will weigh on Valero's first-quarter results. But despite its profit drop, the company will be a "bright spot" in what will be an "ugly quarter for refiners," he said.
 AT&T Plays Underdog, And Bully, In Cable War
The New York Times, April 24, 2017 Monday

 WASHINGTON -- Here in the nation's capital, AT&T has painted itself as an underdog that needs to merge with Time Warner in a blockbuster $85 billion deal to compete with powerful cable companies. But in several cities and states, AT&T's actions send a different message.   In Nashville and Louisville, Ky., AT&T has sued to make it harder for rival broadband providers to use utility poles. In Missouri, Tennessee and North Carolina, the company has pushed for laws that block municipal broadband...
 Hacking Group Claims N.S.A. Infiltrated Backbone of Mideast Bank System
The New York Times, April 16, 2017 Sunday

 For the past few months, an elite hacking group calling itself the Shadow Brokers has sporadically leaked sensitive data from the National Security Agency. On Friday, just when its leaks had appeared to slow, the group released what appears to be its most damaging leak so far: a trove of highly classified hacking tools used to break into various Microsoft systems, along with what it said was evidence that the N.S.A. had infiltrated the backbone of the Middle East's banking infrastructure. The...
 DeVry's sector is on the rebound; For-profit colleges' stocks rise during Trump presidency
Chicago Tribune, April 23, 2017 Sunday

 It may be too late for shuttered Corinthian Colleges, ITT Technical Institute or even Trump University, but Wall Street is betting the potential rollback of Obama-era initiatives to hold for-profit colleges accountable may lead to a resurgence of the beleaguered industry. Rebounding from what some analysts saw as an existential threat during the Obama administration, for-profit college stocks are up sharply since Donald Trump's November election amid renewed investor optimism -- and growing...
 Sears to close 50 auto centers, 92 pharmacies to slash costs
Chicago Tribune, April 23, 2017 Sunday

 Sears Holdings plans to close scores of Sears Auto Center locations and underperforming Kmart pharmacies as part of its effort to cut costs by $1.25 billion this year. The Hoffman Estates-based retailer already has closed 150 stores nationally in cost-cutting efforts, but more needs to be done in this "very challenging retail environment," Chairman and CEO Edward Lampert said Friday in a news release.
 Bebe to close all stores, becoming latest retail casualty
The Indianapolis Star (Indiana), April 22, 2017 Saturday

 Women's clothing chain Bebe Stores said Friday it would close all of its locations after a string of losses, becoming the latest casualty in the retail industry as the fallout from online competition and shifting fashion preferences spreads.
 VW fined $2.8B in diesel scandal; Criminal sentence is apart from $1.5B civil penalty in conspiracy
The Detroit News (Michigan), April 22, 2017 Saturday

 "We have taken significant steps to strengthen accountability, enhance transparency and build a better company ... " Hiltrud Werner, Volkswagen AG Detroit - Volkswagen AG was sentenced Friday to a record-setting $2.8 billion fine and three years of probation after last month pleading guilty to three criminal charges for its 10-year conspiracy to rig nearly 600,000 diesel cars to cheat U.S. emissions standards. Judge Sean Cox, in a hearing Friday morning in federal court in Detroit, ruled there...
 U.K. Puts Off Action on Bid By Murdochs For Sky Stake
The New York Times, April 22, 2017 Saturday

 LONDON -- Sky, the British satellite television giant, has been a most elusive crown jewel for the Murdoch family. The last time a company led by Rupert Murdoch tried to acquire Sky, it was News Corporation, and the deal was abandoned amid a phone hacking scandal. Now, Mr. Murdoch, the executive co-chairman of 21st Century Fox, and his sons James and Lachlan are again vying for control of the 60.9 percent of Sky shares that 21st Century Fox does not already own. And again there are calls for...
 A Good Trading Week Ends With Shares Falling Into a Slight Slump
The New York Times, April 22, 2017 Saturday

 Stocks on Wall Street slumped Friday as financial and health care companies moved lower. Industrial companies rose as stocks continued the up-and-down pattern they've been stuck in for the last month. Stocks lagged in morning trading as banks fell in tandem with bond yields and interest rates and energy companies sank with oil prices.   The Standard & Poor's 500-share index lost 7.15 points, or 0.3 percent, to 2,348.69. The Dow Jones industrial average dipped 30.95 points, or 0.2 percent, to...
 Trump Administration Denies Exxon Mobil's Bid for Waiver From Russia Sanctions
The New York Times, April 22, 2017 Saturday

 HOUSTON -- The Trump administration delivered a setback to Exxon Mobil on Friday, announcing that it would not grant the oil giant a waiver from sanctions against Russia that would allow drilling in the Black Sea. The decision, reinforcing barriers erected by the United States over Russia's intervention in Ukraine, was another sign that President Trump has been unwilling or unable to improve relations with the Kremlin early in his term, after pledging as a candidate that he would seek a thaw.  ...
 Ex-Walgreens Chief Aims To Nurture New Tech Firms
The New York Times, April 22, 2017 Saturday

 For 35 years, Gregory D. Wasson worked at Walgreens, eventually presiding over some of the drugstore chain's biggest deals as its chief executive. Now he is working on a smaller scale to build up new companies.
    

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