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 BUSINESS BEAT; McDonald's recalls wristbands
Los Angeles Times, August 24, 2016 Wednesday

 McDonald's Corp. has recalled all of its Step-It activity wristband Happy Meal toys after reports that they led to numerous injuries, including blisters and skin irritation, and could cause burns.
 Tableau grabs Amazon ace as new CEO
The Seattle Times, August 23, 2016 Tuesday

 Longtime Tableau leader Christian Chabot is stepping aside from the chief-executive role amid the company's push to bring in larger business clients and expand its cloud-computing products. The business-analytics company has tapped cloud-technology powerhouse Adam Selipsky, former chief operating officer of Amazon Web Services, to take over as president and CEO. Selipsky led sales and marketing at Amazon's booming cloud-computing division, serving as a top executive from 2005 until mid-August,...
 CST Brands selling for $4.4 billion; Circle K parent to buy Corner Stores' operator
San Antonio Express News, August 23, 2016 Tuesday

 Quebec-based Alimentation Couche-Tard, the parent company of the Circle K chain of gas stations, has agreed to buy San Antonio-based convenience store operator CST Brands for about $4.4 billion in an all-cash transaction. Investors will receive $48.53 a share for CST, a price that is 42 percent higher than CST's closing price March 3, shortly before the company announced that it was considering a sale, Couche-Tard said Monday. Couche-Tard also agreed to assume all of CST's debt. The $48.53...
 Harley-Davidson launches first major engine redesign since 1998
The Kansas City Star, August 24, 2016 Wednesday

 Harley-Davidson Inc. on Tuesday introduced an all-new engine, the Milwaukee-Eight, named for the city where the company was born.
 Valeant replaces CFO as more trouble swirls
The Courier-Journal (Louisville, Kentucky), August 23, 2016 Tuesday

 Valeant Pharmaceuticals said Monday it has replaced its chief financial officer as the embattled drugmaker seeks a turnaround amid a firestorm over its past accounting practices, pricing and business deals.
 P&G has one less billion-dollar brand
The Cincinnati Enquirer (Ohio), August 23, 2016 Tuesday

 Procter & Gamble is blaming currency woes for cutting one of its billion-dollar brands from that elite roster. Prestobarba - a disposable razor brand sold in Latin America, Europe, Asia and the Middle East - saw fiscal year sales dip below 10 digits, company officials said. The slump means the Cincinnati-based consumer products giant now has 20 billion-dollar brands, compared with 22 a year ago.
 Pfizer bets big on cancer remedy; Medivation bought in $14 billion deal
The Boston Globe, August 23, 2016 Tuesday

 NEW YORK — Medivation, which makes the big-selling drug Xtandi to treat prostate cancer, has finally found its buyer in a fellow US drug maker, Pfizer. Pharmaceutical companies from all over the world placed bids for Medivation in an auction after it rebuffed an offer by French drug maker Sanofi. On Monday, Pfizer said that it had prevailed, with a $14 billion agreement to acquire Medivation, representing $81.50 a share in cash. The frenzy over Medivation shows what pharmaceutical companies are...
 Wells Fargo fined for student loan ills; Lender accused of deceptive and unfair practices
The Boston Globe, August 23, 2016 Tuesday

 Wells Fargo & Co. must pay a $3.6 million fine for what regulators say were unfair and deceptive practices in its student loan business, including charging borrowers illegal fees and giving them wrong information that may have pushed them further into debt.
 Wells Fargo fined $3.6M for student loan habits
USA TODAY, August 23, 2016 Tuesday

 Wells Fargo must change its practices and pay a $3.6 million fine for actions that federal consumer protection officials say misled student loan borrowers and resulted in some paying unnecessary fees.
 U.S. Regulator Gives Approval to ChemChina's Acquisition of Syngenta
The New York Times, August 23, 2016 Tuesday

 LONDON -- The state-owned China National Chemical Corporation said on Monday that it had received clearance from a regulator in the United States for its $43 billion acquisition of Syngenta, a giant in farm chemicals and seeds.
 3M sticks to playbook in 'tough' environment
Star Tribune (Minneapolis, MN), August 21, 2016 Sunday

 CEO Inge Thulin's vision includes belt-tightening, but company isn't afraid to invest with an eye to 2020 Since becoming CEO, Inge Thulin has led 3M Co. in unexpected directions. He has increased 3M spending on research and development just as fellow industrials have gone the other direction amid declining revenue. He has invested in Canada as others pulled back because of that country's challenging economy. Bucking trends has worked since Thulin took the helm in 2012. For four years, 3M often...
 Rebuffed twice, Gannett reportedly buffs up Tronc offer
Orlando Sentinel (Florida), August 19, 2016 Friday

 Three months after its last offer was spurned, Gannett is reportedly back with an increased bid to buy Tronc, the Chicago-based newspaper chain formerly known as Tribune Publishing.
 Yum! Brands offers retirement buyouts
The Courier-Journal (Louisville, Kentucky), August 21, 2016 Sunday

 Yum! Brands - the Louisville conglomerate over KFC, Pizza Hut and Taco Bell - is downsizing. A Yum spokeswoman confirmed Saturday that the company is offering some employees retirement buyouts.
 Bloated Pay Came Before Hain's Error
The New York Times, August 21, 2016 Sunday

 The Hain Celestial Group, a maker of natural and organic foods and beverages, has been riding high in the market. But on Monday it came crashing to earth when it disclosed an accounting problem, delayed its full-year financial report and said it probably wouldn't meet its earnings guidance for 2016. Investors have dumped shares in the company, based in Long Island, wiping out $1.5 billion in market capitalization.   The problem, Hain said, was that it might have improperly recognized revenue...
 Morgan Stanley Neglected Warnings on Broker
The New York Times, August 21, 2016 Sunday

 A troubling call came in to Morgan Stanley's internal hotline in May 2010. One of the company's top financial advisers in Mississippi, Steve Wyatt, was struggling with medications and was ''not sleeping, coming in 3 and 4 a.m.,'' his assistant said on the call, according to notes taken by the person who answered the phone. Mr. Wyatt, a broker, was also trading client money ''erratically,'' the assistant said.   Morgan Stanley is one of the top banks on Wall Street, operating one of the most...
 Attempt to treat Amazon like a regular retailer fails
The Boston Globe, August 21, 2016 Sunday

 RETAIL Attempt to treat Amazon like a regular retailer fails An effort by Massachusetts stores to classify their big-footed competitor Amazon as a traditional retailer not only failed but the online behemoth ended up with looser rules on Sunday operations. After losing their annual attempt to scuttle overtime pay for those working on Sundays, retailers targeted Amazon, which is about to open a massive distribution center on the Fall River/Freetown line. Retailers argued that if every mom and...
 Why tech giants are ganging up on robocalls; The FCC is calling for an industry 'strike force' to tackle the rise of the robocalls. The 33 companies set an Oct. 19 deadline to produce solutions.
The Christian Science Monitor, August 20, 2016 Saturday

 The Federal Communications Commission (FCC) convened a meeting in Washington on Friday, where all the biggest names in telecommunications gathered to talk about stopping unwanted messages. Laws against persistent "robocalls" date back to 1991 but in light of their dramatic increase, the FCC has gathered the industry's leading players to fight back.
 Viacom ousts Dauman as CEO; Dooley is interim chief
The Arizona Republic (Phoenix), August 20, 2016 Saturday

 Billionaire mogul Sumner Redstone is getting the management change he wants at Viacom. Viacom's board of directors voted Thursday to remove Philippe Dauman as CEO, replacing him immediately with COO Thomas Dooley as interim CEO, ending a protracted legal fight between Dauman and the Redstone family.
 Lyft Is Said to Seek a Buyer, Without Success
The New York Times, August 20, 2016 Saturday

 It is not an easy thing to be an independent ride-hailing company these days. For one, it takes billions of dollars and hundreds of employees to spread to new cities, to market the service and to recruit drivers. Legislators and local laws are often not in your favor. And competitors with deep pockets from all over the world are waiting to cheer if you happen to fail.   Lyft, the second-biggest ride-hailing company in the United States behind Uber, is grappling with those forces -- but has...
 Exxon's Forecasts, Not Past Views, Are at Core of Climate Investigation
The New York Times, August 20, 2016 Saturday

 For more than a year, much of the public scrutiny of Exxon Mobil was captured by the #Exxonknew hashtag -- shorthand for revelations about decades-old research on climate change conducted by the company while it funded groups promoting doubt about climate science. Articles about that research have energized protests against Exxon Mobil and the fossil fuel industry and had a role in initiating queries by at least five attorneys general, led by Eric T. Schneiderman of New York.   Early on, his...
 Rejection of Takeover Bid at Williams May Stir Up Activists
The New York Times, August 20, 2016 Saturday

 Ignoring an approach from a pipeline rival could stir an activist hornets' nest at the Williams Companies. The company, a $21 billion pipeline operator fresh off a failed merger with Energy Transfer, chose not to respond to an offer from the larger Enterprise Products Partners this summer, Reuters reported on Thursday. The rebuff all but invites two investors who joined a board exodus in June to lobby again to oust Alan Armstrong, the Williams chief executive.
 There's growth in retail - if you know where to shop for it; These 13 retailers are grabbing more of your finances
USA TODAY, August 19, 2016 Friday

 Giant retailers such as Target, Staples and Macy's are shrinking or even closing stores. Walmart isn't growing, either. But don't turn out the lights for retailers just yet. Most retailers -- including some large ones -- are finding plenty of growth. There are 13 retailers in the Standard & Poor's 1500 index, including Dollar Tree, Ascena Retail and online players such as and Netflix, that have posted 15% or greater revenue growth over the past 12 months, according to a USA TODAY...
 Harley settles on emissions for $15M; Motorcycle company compromises with EPA over 'super tuners'
USA TODAY, August 19, 2016 Friday

 Harley-Davidson has agreed to pay a multimillion-dollar fine and fund environmental remediation efforts after allegedly selling aftermarket devices that allowed motorcyclists to cheat U.S. emissions standards.
 Walmart shares rise as earnings blow past estimates
USA TODAY, August 19, 2016 Friday

 At a time when many of its peers are struggling, Walmart on Thursday posted better-than-expected quarterly results and raised its guidance for the full year. The world's biggest retailer, seeing the benefits of closure of some of its weaker stores and changes to its merchandise mix, reported net income rose to $3.8 billion, up 8.6% from $3.5 billion in the comparable quarter. Earnings of $1.21 per share blew past estimates of $1.02, according to S&P Global Market Intelligence.

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