Back to Topic List  
 Previous    Next 
Company News

 Procter & Gamble gets back to basics with beauty split
USA TODAY, September 28, 2016 Wednesday

 Procter & Gamble's split from 41 beauty brands is nearing completion as the consumer giant wraps up an exchange offer this week. Unknown until just before the closing of the deal: the exact structure of P&G's split with its beauty brands. The final structure of the deal will shape Procter's financial position and will influence future moves by the Cincinnati-based consumer product giant, from potential acquisitions to a boost in dividends.
 Self-driving revolution will go slowly; Survey finds almost two-thirds of people not sold on idea, but fear of tech drops with exposure
USA TODAY, September 28, 2016 Wednesday

 Automakers and tech companies insist self-driving cars will pull up in five years. But the self-driving revolution may be stuck in the slow lane for some time, according to a Kelley Blue Book poll out Wednesday.
 Caesars Entertainment to Emerge From Chapter 11
The New York Times, September 28, 2016 Wednesday

 When Apollo Global Management and TPG Capital bought what was Harrah's Entertainment for about $31 billion, the two firms took control of the world's biggest casino operator during a heady time for daring leveraged buyouts. But in an agreement with creditors of the bankrupt casino empire -- now called Caesars Entertainment -- the private equity titans will give up most of their stake in the company to help it emerge from Chapter 11 protection.   The complicated agreement, announced on Tuesday,...
 Rice Energy Acquisition Shows Limits of Natural Gas Deals
The New York Times, September 28, 2016 Wednesday

 Rice Energy, a gas producer focused on Appalachia, is testing the limits of the thaw in energy mergers and acquisitions in the United States. The company's $2.7 billion offer to acquire Vantage Energy, which had planned to go public, follows a spate of transactions in oil shale regions. Rice Energy's plan to pay partly in shares will limit debt. Yet unlike its rival EOG Resources, whose shares jumped on news of its recent $2.5 billion acquisition, Rice's shares fell.
 Shareholder Vote Is Last Hurdle for Merger of Beer Giants
The New York Times, September 28, 2016 Wednesday

 LONDON -- E. Anheuser & Company started as a small brewer in St. Louis more than 160 years ago -- one of several breweries opened by German immigrants that introduced German-style lager to the United States. Anheuser-Busch InBev, its corporate descendant and the world's largest brewer, hopes to soon become much bigger -- and more dominant globally -- as it prepares to gobble up its closet rival, SABMiller, in a deal worth more than $100 billion.
 Boston Scientific to Acquire EndoChoice; Acquisition Will Expand Endoscopy Gastroenterology Portfolio
PR Newswire, September 27, 2016 Tuesday 6:30 AM EST

 Boston Scientific (NYSE: BSX) and EndoChoice Holdings, Inc. (NYSE: GI) today announced the companies have entered into a definitive agreement under which Boston Scientific has agreed to acquire EndoChoice. Upon completion of the transaction, EndoChoice will become part of the Boston Scientific endoscopy business. EndoChoice develops and commercializes innovative products and services for specialists treating a wide range of gastrointestinal (GI) conditions. The EndoChoice portfolio includes...
 Drugmaker Pfizer says business won't split
Orlando Sentinel (Florida), September 27, 2016 Tuesday

 TRENTON, N.J. - Drug giant Pfizer says it won't split into two publicly traded companies, despite pressure from investors frustrated by its lagging stock price, ending years of Wall Street speculation over its strategy and future.
 Tesla sues Michigan over car sales ban
The Indianapolis Star (Indiana), September 23, 2016 Friday

 Electric automaker Tesla Motors filed a lawsuit Thursday against Michigan state officials, escalating its multiyear battle to sell vehicles directly to consumers. The Palo Alto, Calif.-based automaker named Michigan Gov. Rick Snyder, Secretary of State Ruth Johnson and Attorney General Bill Schuette in a lawsuit filed in federal court.
 Amazon shares could reach $1,000, analysts say
The Indianapolis Star (Indiana), September 23, 2016 Friday

 san francisco - Amazon stock topped $800 for the first time Thursday, surging to $805.89 in mid-afternoon trading before closing at $804.70. The rise brought Amazon's market cap to $381.49 billion, according to Yahoo Finance. That makes it the world's fourth-most valuable company, behind Apple at $616.87 billion, Alphabet at $541.9 billion and Microsoft at $450.56 billion.
 Valvoline stock debuts as IPO raises $660M
The Cincinnati Enquirer (Ohio), September 24, 2016 Saturday

 Valvoline Inc., the Lexington-based maker of automotive lubricants and motor oils, raised $660 million in an initial public offering that stands to benefit its parent company, Covington-based Ashland Global Holdings Inc.
 Cadillac offers buyouts to 400 U.S. dealers
The Detroit News (Michigan), September 24, 2016 Saturday

 The Detroit News Cadillac is offering 400 U.S. dealers buyouts of up to $180,000 to "gracefully exit" the business, the General Motors Co. luxury brand confirmed Friday. The voluntary buyout offers start at $100,000 and are targeted at dealers who sell fewer than 50 Cadillacs a year. Of those 400 dealers, all but six have other GM franchises, a spokesman said. For 290 dealers, Cadillac represents less than 10 percent of their overall business. The targeted dealers represent more than 40 percent...
 Verizon flexes its driverless muscles
The Detroit News (Michigan), September 26, 2016 Monday

 The Detroit News As Detroit automakers and Silicon Valley tech companies compete over autonomous vehicles, Verizon Communications Inc. is positioning itself to be the leader in managing and analyzing those fleets of self-driving cars. The New York-based telecommunications giant is rapidly becoming the largest player in telematics - a combination of telecommunications, vehicular technologies and real-time wireless data that are central to connected cars and self-driving vehicles. "There's still...
 Pfizer opts against split of company; Investors pressed for move, upset at low stock price
The Boston Globe, September 27, 2016 Tuesday

 NEW YORK — Drug giant Pfizer says it won't split into two publicly traded companies, despite pressure from investors frustrated by its lagging stock price, ending years of Wall Street speculation over its strategy and future.
 Deutsche Bank denies seeking aid; Company facing billions in penalties from Justice Dept.
The Boston Globe, September 27, 2016 Tuesday

 Deutsche Bank relies more on shorter-term loans to fund riskier trading businesses, the type of banking model that sent Bear Stearns and Lehman Bros. to their doom. NEW YORK — There are sickly European banks. And then there is Deutsche Bank. Shares of the German banking giant, like those of a number of its peers in Europe, have swooned over the past year as investors reject banking models that rely on volatile market activities as opposed to collecting deposits or managing investor accounts.
 Staples finds CEO within its walls A new CEO for Staples
The Boston Globe, September 27, 2016 Tuesday

 Staples Inc.'s board members have chosen a familiar face to lead the beleaguered office supplier in a new direction. The board on Monday appointed longtime Staples executive Shira Goodman (left) to be its president and chief executive officer. Goodman replaces Ron Sargent, who stepped down in June after a judge sided with the Federal Trade Commission and killed Staples' plan to acquire rival Office Depot because of antitrust concerns.
 Rick Bayless sells Frontera Foods to ConAgra
Chicago Sun-Times, September 26, 2016 Monday

 Chicago chef Rick Bayless has sold the packaged foods businesses of Frontera Foods Inc. to ConAgra Foods Inc.  ConAgra, which recently moved its headquarters to Chicago, is also buying the Frontera, Red Fork and Salpica brands of gourmet Mexican foods and American cooking sauces. Financial terms were not disclosed.
 Deutsche Bank Denies It Sought Germany's Help in Dispute With U.S.
The New York Times, September 27, 2016 Tuesday

 There are sickly European banks. And then there is Deutsche Bank. Shares of the German banking giant, like those of a number of its peers in Europe, have swooned over the last year as investors reject banking models that rely on volatile market activities as opposed to collecting deposits or managing investor accounts.   The latest turbulence came on Monday. Shares of Deutsche Bank touched new lows after a German magazine reported that Berlin had ruled out providing government aid to Deutsche...
 Ruling for Amex on Antitrust Appeal
The New York Times, September 27, 2016 Tuesday

 American Express will be able to prevent businesses from pushing customers toward competing credit cards after all. On Monday, a federal appeals court ruled that American Express could stop merchants that accept its cards from encouraging customers to use rival payment cards that charge the stores lower transaction fees. The decision reversed a lower court's 2015 ruling that such restrictions violated federal antitrust law.   The decision is a major victory for American Express, which wants to...
 Wells Fargo CEO can walk away with $123.6M severance deal
USA TODAY, September 27, 2016 Tuesday

 Wells Fargo CEO John Stumpf stands to walk away with $123.6million in severance and stock value if he retires from the bank, which is still reeling from a scandal in which millions of accounts were inappropriately opened for customers.
 Target's chief digital officer leaves the company
Star Tribune (Minneapolis, MN), September 24, 2016 Saturday

 Jason Goldberger, Target Corp.'s recently promoted chief digital officer, has left the company, "effective immediately." The leadership shake-up comes as Chief Executive Brian Cornell seeks to ramp up the pricing and promotions side of the business, which fell under Goldberger, according to a source familiar with the matter. Goldberger also led digital strategy and Target.com.
 General Mills stirs up soup strategy
Star Tribune (Minneapolis, MN), September 25, 2016 Sunday

 Progresso has seen a lot of regression this year, as sales of the soup plunged and its maker, General Mills, decided to close the brand's first plant. While canned soup doesn't resonate as it once did with consumers, General Mills is making several changes to the signature soup line that executives hope will stem or reverse the decline. The biggest: all of the chicken in Progresso soups now comes from birds raised without antibiotics or hormones. Progresso is the first major U.S. soup brand to...
 Marriott/Starwood union is good for loyalty members; Merger is complete; brands and points remain intact for now
USA TODAY, September 26, 2016 Monday

 Marriott International and Starwood Hotels and Resorts officially merged into one company on Friday, and the new Marriott has already made its first major decision: to give reciprocal benefits to members of each loyalty program. Almost a year after first announcing the merger agreement, Marriott International has completed its $13 billion purchase of Starwood. With the addition of Starwood's portfolio, the new Marriott now has 30 brands with more than 5,700 hotels. That amounts to 1.1 million...
 Yahoo huge data breach could cost in Verizon deal
USA TODAY, September 26, 2016 Monday

 S Yahoo's trouble over its massive data breach is far from over. Already multiple lawsuits linked to the breach have been filed in U.S. District Court in San Francisco and San Jose, Calif. In each case, a Yahoo user accuses the Net media company of failing to adequately protect their personal information from data breaches and identity theft. The suits seek class action status for consumers among the more than 500 million Yahoo account holders whose data was stolen as part of a massive data...
 Wells CEO could take hit to wallet; John Stumpf, under fire over the bank's accounts scandal, could lose more than $50 million.
Los Angeles Times, September 25, 2016 Sunday

 Outraged senators castigated Wells Fargo & Co. Chief Executive John Stumpf last week for not seeking to take back some of the $100 million awarded to a retiring executive who oversaw the division at the heart of the company's fake-accounts scandal. But whenever Stumpf, 63, eventually departs from his post atop the San Francisco banking giant, he could walk away with far more -- nearly $195 million in cash, stock and other compensation, a review of the bank's regulatory filings show.
 EXECUTIVE PAY; Top UPS execs receive 10% raise, more stock
The Atlanta Journal-Constitution, September 24, 2016 Saturday

 UPS is giving four of its top executives 10 percent base pay raises and extra stock awards that will likely be worth hundreds of thousands of dollars each.
    

Back to Topic List
Copyright © 2016 LexisNexis, a division of Reed Elsevier Inc. All Rights Reserved.  
Terms and Conditions   Privacy Policy