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 Icahn withdraws demands as Gannett details new rules
The Courier-Journal (Louisville, Kentucky), March 3, 2015 Tuesday

 Gannett, the media company that owns USA TODAY, revealed new corporate governance rules Monday for its publishing unit that will be spun off as a separate company later this year, resulting in the withdrawal of demands by activist investor Carl Icahn.
 Target's $2B strategy focus: Small, stylish
The Courier-Journal (Louisville, Kentucky), March 4, 2015 Wednesday

 new york - Target plans to invest billions of dollars this year, streamlining operations, opening more small stores and creating a product mix designed to appeal to a younger, broader consumer demographic.
 Costco names Citi, Visa as credit card partners
The Courier-Journal (Louisville, Kentucky), March 3, 2015 Tuesday

 Costco said Monday that Citigroup and Visa will be its new credit card partners, replacing American Express on April 1, 2016. Exclusive credit card deals with Costco are widely viewed as lucrative for both partners. The cards are the only credit payment accepted at Costco's 474 warehouses in the U.S. and Puerto Rico. Additionally, many Costco members' accounts are linked to their cards and require only one annual payment for the co-branded card and Costco membership.
 Carmakers to enlist help in air bag probe
The Detroit News (Michigan), February 25, 2015 Wednesday

 Detroit News Washington Bureau Washington - A group of 10 major automakers is expected to announce as soon as this week the selection of a major firm with significant experience in aerospace and rocket propellants in the investigation into faulty Takata air bags, according to two people briefed on the matter.
 Toyota Names a Frenchman and a Woman to Senior Jobs
The New York Times, March 5, 2015 Thursday

 TOKYO -- Toyota Motor on Wednesday appointed a Frenchman to the position of executive vice president, the most senior job at the carmaker after the president and the chairman, and the highest rank to which a non-Japanese has risen in its history.
 Goldman Hedge Fund Executive Shifts Roles
The New York Times, March 5, 2015 Thursday

 Goldman Sachs is moving a top executive, David Z. Solomon, from a post working with the bank's hedge fund clients to a new position that entails working on one of Goldman's in-house hedge funds.
 Technology Places Affordable Tools in Creators' Hands
The New York Times, March 5, 2015 Thursday

 For a budding artist, a simple pen and paper may seem a bit old-fashioned in the age of iPad animation tools. Today, there are smart notebooks that can turn drawings into digital concepts, new types of camera gear that can work a smartphone and keyboards made for the multitasker. Best of all, as technology has improved, the tools for photographers, artists and writers have become more affordable.
 Standard Chartered Profit Fell 37% in 2014
The New York Times, March 5, 2015 Thursday

 LONDON -- The British bank Standard Chartered, which generates most of its earnings in Asia, said on Wednesday that profit fell 37 percent in 2014. It cited higher charges for bad loans and other credit risks, an accounting charge on its Korean business, and a previously announced settlement with the United States authorities. But Peter Sands, the bank's departing chief executive, said that the lender had sacrificed some profit as it moved to cut costs, reshape its operations and focus on less...
 JPMorgan Promotes Two to Run Mergers in North America
The New York Times, March 5, 2015 Thursday

 JPMorgan Chase has elevated two relatively young bankers to become co-heads of mergers and acquisitions for North America.
 Bristol-Myers Squibb Enters Drug Licensing Deal With Danish Biotechnology Firm
The New York Times, March 5, 2015 Thursday

 LONDON -- The Danish biotechnology company Bavarian Nordic said on Wednesday that it could receive up to $975 million under a licensing agreement with Bristol-Myers Squibb for Prostvac, a treatment for advanced prostate cancer that is in clinical trials.
 Market Sags as Investors Remain Cautious
The New York Times, March 5, 2015 Thursday

 U.S. stocks sank Wednesday, pulling indexes further below record highs hit earlier in the week. The drop was modest but broad: nine of the 10 sectors in the Standard & Poor's 500-stock index lost ground. Given the market's recent run, it's only natural for investors to turn cautious, said Terry Sandven, senior equity strategist at U.S. Bank Wealth Management. On Monday, the S.&P. 500 reached a nominal high while the Nasdaq crossed the 5,000 mark for the first time in nearly 15 years.
 AbbVie to Pay $21 Billion for Pharmacyclics, Maker of a Best-Selling Cancer Treatment
The New York Times, March 5, 2015 Thursday

 AbbVie announced late Wednesday that it had agreed to buy Pharmacyclics, maker of a cancer drug that some analysts predict will eventually become one of the best-selling treatments for the disease, for about $21 billion. The deal is the latest in the health care industry, which has been rife with transactions as drug makers seek to refill their product pipelines with new treatments. For the past week, the lead bidder for Pharmacyclics was considered to be Johnson & Johnson.   A deal between...
 McDonald's goes antibiotic-free; New chicken standards could shape production
USA TODAY, March 5, 2015 Thursday

 In a move that could influence the way chicken is produced and consumed in the U.S., McDonald's says that over the next two years it will stop using chicken treated with antibiotics commonly used for humans.
 Toyota promotes U.S. execs
Los Angeles Times, March 5, 2015 Thursday

 Toyota has announced sweeping management changes that consolidate power with North American Chief Executive Jim Lentz and promote some U.S. executives to senior posts in Japan.
 Apple regains top sales spot; Demand for the firm's latest iPhones pushes it past Samsung in the smartphone market.
Los Angeles Times, March 5, 2015 Thursday

 Apple topped Samsung in smartphone sales for the first time since 2012, selling 74.8 million units in the fourth quarter of last year, surpassing Samsung as the No. 1 smartphone maker globally.
 Alibaba to open data center in U.S.; Chinese Internet giant's Aliyun unit plans to build facility in Silicon Valley.
Los Angeles Times, March 5, 2015 Thursday

 Alibaba continues to make inroads in the U.S. In a move that directly competes with Amazon .com, the Chinese Internet juggernaut announced that Aliyun, its 5-year-old cloud-computing business, would open its first overseas data center in Silicon Valley.
 H&R Block reports a 4.2 percent decline in tax returns handled
The Kansas City Star, March 4, 2015 Wednesday

 A slow start to the tax season has hit H&R Block especially hard this year, and the tax preparer doesn't expect to catch up all the way, the Kansas City-based company said Wednesday. Bill Cobb, Block's chief executive officer, said he was disappointed in the 4.2 percent drop in the number of returns the company handled through the end of February compared with a year ago.  All tax filings so far are down only 0.6 percent, according to Internal Revenue Service numbers released Wednesday morning....
 Microsoft slips as tech investors take profits
The Boston Globe, March 4, 2015 Wednesday

 Microsoft founder Bill Gates's net worth has risen to $79.2 billion, Forbes said this week. Technology stocks fell on Tuesday as investors took profits a day after the tech-heavy Nasdaq index hit the 5,000 milestone for the first time since the peak of the dot-com bubble in March 2000. Specifically, Microsoft Corp.'s stock, down 1.4 percent, weighed the most on both the Nasdaq and the S&P 500. Cisco Systems fell 2.2 percent, giving back most of the gains it made on Monday, while Micron...
 Apple Watch expected to star at March 9 event
The Courier-Journal (Louisville, Kentucky), February 27, 2015 Friday

 Apple has sent media invites out for an event in San Francisco on March 9 where it is expected to reveal more details about its smartwatch. The event is titled "Spring forward," a reference to Daylight Saving Time, which makes it highly likely the event will be on Apple Watch. Apple's entry into the wearable market is expected to jump-start the smartwatch market, which has struggled to grab consumer interest. Research firm CCS Insights predicts Apple will sell 20 million watches by the end of...
 GM to shutter Indonesia plant
The Detroit News (Michigan), February 27, 2015 Friday

 The Detroit News General Motors Co. said Thursday it will stop producing vehicles in Indonesia because of high material costs and limited scale there.
 Ford's concept e-bikes charge while stowed in cars
The Detroit News (Michigan), March 3, 2015 Tuesday

 The Detroit News Ford Motor Co. is taking a tentative step into the electric bicycle business as part of its long-term mobility plan. The Dearborn automaker on Monday announced an experiment to study how electric bicycles can work with cars and public transport to deliver faster and easier daily commutes and help businesses operating in urban areas.
 Target Plans to Cut Jobs to Help Save $2 Billion
The New York Times, March 4, 2015 Wednesday

 Target said on Tuesday that it would cut several thousand jobs over two years, mostly at its headquarters in Minneapolis, as it struggles to overcome a string of difficult years. The company also announced a revamping of its food business, describing grocery aisles more akin to a Whole Foods than a suburban discount chain.   ''We'll be much more nimble, much more agile,'' Brian Cornell, the chief executive, told a meeting of analysts in New York. He added, ''We're in the very early stages of a...
 In a Shift, Equity Firms Are Lending to Landlords
The New York Times, March 4, 2015 Wednesday

 In the aftermath of the financial crisis, large private equity firms spent tens of billions of dollars buying foreclosed homes across the United States to operate them as rental properties. Now some of those same firms are providing loans to smaller investors seeking to do much the same.   Three big private equity firms -- the Blackstone Group, Colony Capital and Cerberus Capital Management -- are betting that so-called landlord loans to small and midsize investors will become the next big...
 Citi Sells Subprime Lender to Springleaf for $4 Billion
The New York Times, March 4, 2015 Wednesday

 Citigroup is selling its subprime consumer loan unit to Springleaf Holdings, another large subprime lender, for $4.25 billion. The sale of the unit, OneMain Financial, which Citigroup had contemplated for years and announced on Tuesday, is expected to net the giant bank a $1 billion profit, Citigroup said.Not long after the financial crisis, Citigroup started looking to sell OneMain, which lends at high interest rates to people with tarnished credit who need to pay medical bills or address...
 After Reaching Milestones, Markets Take a Breather
The New York Times, March 4, 2015 Wednesday

 Stocks fell on Tuesday from nominal record highs, and the Nasdaq composite index dropped below 5,000 a day after passing that milestone for the first time since the dot-com era 15 years ago. The losses were modest but broad, with eight industry sectors in the Standard & Poor's 500-stock index falling. Higher oil prices helped oil drillers and other energy companies buck the trend. They eked out a 0.2 percent rise for the day.   With no major economic news and few earnings reports, investors...
    

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