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 Dollar Tree to convert Deals stores into Family Dollars, Dollar Trees
Charlotte Observer (North Carolina), October 13, 2015 Tuesday

 Dollar Tree, parent company of Matthews-based Family Dollar, will re-brand hundreds of its Deals stores into Dollar Trees or Family Dollars by next summer as it works to expand the combined company.
 Dell's $67 billion bid stirs up deal froth; 'Mega-deal' trend breaks records, alters industry
USA TODAY, October 13, 2015 Tuesday

 Dell's record-breaking $67 billion deal to buy EMC is part of a growing trend toward "mega-deals," or mergers over $10 billion, that is changing the face of American industry.
 Eli Lilly stock plunges after halting heart drug; Pharmaceutical giant cites low probability of medicinal success
USA TODAY, October 13, 2015 Tuesday

 Pharmaceutical giant Eli Lilly's stock tumbled 8% Monday after the company said it will discontinue development of a key cholesterol drug. Lilly said it has ended late-stage development of evacetrapib, part of a costly study involving 12,095 patients at 540 sites in 37 countries. The therapy was in Phase 3 development -- the final stage before a drug can be submitted to the Food and Drug Administration for approval.
 Michael Dell's remarkable reshaping of Dell; CEO's years-long plan culminates in $67B acquisition of EMC in biggest tech deal ever
USA TODAY, October 13, 2015 Tuesday

 Don't be distracted by Dell's dazzling $67 billion takeover of EMC. Sure, it's the largest tech deal ever but it's all part of a years-long plan carefully laid out by Michael Dell. In many ways, the deal's sheer size caps what has been a quixotic quest by Dell, 50, to reshape the company he founded into a computing juggernaut. EMC's storage and software businesses makes Dell the No. 3 player in enterprise technology by revenue, trailing Hewlett-Packard and IBM.
 Netflix subscriber growth in Q3 could surpass own forecast
USA TODAY, October 13, 2015 Tuesday

 Netflix's $1 price increase to its monthly subscription is unlikely to be even a speed bump on the streaming video leader's road to continued growth. Last week, when Netflix upped the monthly price for basic service -- two simultaneous high-def content streams -- to $9.99 for new subscribers, there was little clamor from customers. In part, because current customers will continue to pay $8.99 monthly for a year before the hike kicks in.
 Slight Gains as Investors Focus on Coming Corporate Earnings Reports
The New York Times, October 13, 2015 Tuesday

 U.S. stocks edged higher Monday on a quiet day for the market ahead of a busy weak for corporate earnings. EMC climbed after Dell said it would acquire the data storage company for $67 billion. Energy stocks slumped as the price of oil fell sharply after a report that showed OPEC members are keeping up production even after a big drop in prices over the last year.   Investors will be focusing on corporate earnings this week as they try to assess the effect that slowing global growth is having...
 Anheuser Busch InBev Increases Offer for a Rival, SABMiller
The New York Times, October 13, 2015 Tuesday

 LONDON -- Facing a Wednesday deadline, Anheuser-Busch InBev has stepped up the pressure on SABMiller, raising its takeover bid again in hopes of enticing its brewing rival to come to the bargaining table. The world's largest brewer made its fourth informal offer to SABMiller on Monday, saying that it was willing to pay as much as $103 billion in a complicated cash-and-stock deal.   Under the terms of the latest proposal, Anheuser-Busch InBev is willing to pay 43.50 pounds, or about $66.59, a...
 Barclays Is Said to Seek Former JPMorgan Banker for Top Job
The New York Times, October 13, 2015 Tuesday

 James E. Staley, a former senior investment banker at JPMorgan Chase, has emerged as a leading candidate to take the top job at British banking giant Barclays, people briefed on the bank's plans said. Tapping Mr. Staley, a career investment banker who has worked at a hedge fund for the past two years, would appear to be a controversial choice, given the many run-ins that Barclays has had with regulators over its risky banking style -- along with the fact that he is an American.   Three years...
 Big companies high on hit list over China exposure; Investors want to know where the money comes from
USA TODAY, October 12, 2015 Monday

 As third-quarter earnings season gets into full swing, one of investors' biggest fears is getting Shanghaied by China. Yum Brands gave investors a taste of why they should be concerned when its stock got trounced after it reported worse-than-expected results because of China, a vital market for the fast-food restaurant company.
 Amazon Building a Tech Business for the Long Haul
The New York Times, October 12, 2015 Monday

 LAS VEGAS -- Amazon Web Services doesn't just want to dominate the global business in selling computing online. It also wants to be the rarest thing of all in the technology industry: a long-lived company. Its strategy hinges on an unprecedented level of automation in computer programming and maintenance, coupled with offering new products and services at a rate none of the old-guard companies seem able to match.
 Should Taco Bell split from Yum to help profits?
The Cincinnati Enquirer (Ohio), October 11, 2015 Sunday

 As Yum! Brands stock price tumbled 18 percent overnight on the news of poor sales in the China market - the core of the Louisville-based fast food giant's profitability - CEO Greg Creed promised investors a turnaround while fending off calls for restructuring. "Everybody at Yum knows we have disappointed you and our shareholders this quarter and this year," Creed said on a conference call Wednesday following a third quarter earnings release that fell far short of company and investor...
 Wal-Mart taps Biggs to take over as CFO Holley to retire from post at year-end
Arkansas Democrat-Gazette (Little Rock), October 10, 2015 Saturday

 Wal-Mart Stores Inc. continues to make changes to key management positions, including the announcement Friday of a new chief financial officer. Brett Biggs will take over Jan. 1 for Charles Holley, who is retiring after more than 20 years with the company. Holley, 59, will retire Dec. 31 but will remain with Wal-Mart until Jan. 31 as part of the transition. Holley has been CFO since 2010, and his retirement comes about two months after Wal-Mart cut its earnings projection for the year during...
 Are craft brews selling out?; Small beer makers are in demand as industry giants angle for deals
Los Angeles Times, October 11, 2015 Sunday

 Eagle Rock Brewery started off as a father and son's home-brewing hobby. Now the popular Los Angeles craft brewer is one of the best-known brands in Southern California. The brewery has doubled production nearly every year since opening in 2009. Demand for Eagle Rock's India pale ales and sour beers, the trendy tart twist on traditional brews, has pushed the company's equipment and facility to their limits. With booming sales have come a parade of eager corporate suitors, including private...
 Wal-Mart names new CFO
Sun-Sentinel (Fort Lauderdale, Florida), October 10, 2015 Saturday

 Wal-Mart Stores Inc. Chief Financial Officer Charles Holley will retire at the end of the year and pass the job to Brett Biggs, an executive in the retailer's international division. Biggs, 47, joined Wal-Mart in 2000 and serves as CFO of the international unit, the Bentonville, Ark.-based company said Friday. Holley, 59, will stay on until Jan. 31 to help with the transition. Biggs will be under pressure to manage a tight ship. Wal-Mart's effort to raise wages and improve training programs is...
 Stock market closes out best week of year; Airlines among leaders to gains
Sun-Sentinel (Fort Lauderdale, Florida), October 10, 2015 Saturday

 -- The stock market closed out its best week this year with a modest gain Friday, helped by airlines and industrial companies. Investors now turn their focus to corporate earnings, which will start to pick up next week.
 State agency OKs M&T acquisition; Bank's steps to strengthen anti-money laundering noted
The Buffalo News (New York), October 10, 2015 Saturday

 M&T Bank received approval Friday from the state's banking regulator to acquire Hudson City Bancorp, as the two banks move toward finalizing their deal. The green light had been expected from the state Department of Financial Services, after the Federal Reserve Board gave its long-awaited blessing last week.
 More shakeups at Gap Inc. brands
The San Francisco Chronicle (California), September 5, 2015 Saturday

 Marissa Webb is stepping down from her position as creative director at Banana Republic after 18 months with the brand, it was reported this week. The news comes on the heels of a report from parent company Gap Inc. released Thursday that sales were down 10 percent for September 2015 versus a positive 2 percent gain last year. Similiar to Gap's dismissal of creative director Rebekka Bay in January, the company is opting not to replace Webb, instead eliminating the position and replacing it with...
 Standard Chartered to Cut Senior Staff by 25 Percent
The New York Times, October 10, 2015 Saturday

 LONDON -- Standard Chartered, the British-based, Asian-focused bank, said on Friday that it planned to reduce senior staff positions by 25 percent while cutting costs and reshaping the company under its new chief executive, William T. Winters.
 Coca-Cola Bottler Wins Labor Suit in Spain
The New York Times, October 10, 2015 Saturday

 MADRID -- Spain's national court said on Friday that one of the main European bottlers of Coca-Cola could proceed with a plan to downsize its Spanish operations, ending a tense legal dispute over a shuttered bottling plant that included street protests, strikes and an attempted boycott of Coke products.
 U.A.W. Chief Expects Deal on Contract at Chrysler
The New York Times, October 10, 2015 Saturday

 DETROIT -- The president of the United Automobile Workers union, Dennis Williams, expressed confidence Friday that workers at Fiat Chrysler would accept a more lucrative contract proposal after rejecting an earlier version of the agreement. Mr. Williams said that union bargainers were determined to strengthen the agreement by providing a path for entry-level workers to achieve wage parity with veteran employees.   Under the new proposal, entry-level workers will get raises over time that will...
 Amazon launches a platform to build Internet of Things
The Seattle Times, October 9, 2015 Friday

 LAS VEGAS - rolled out a new service in one of the hottest trends in technology, the so-called "Internet of Things." Internet of Things (IoT) is a catchall phrase that includes gadgets, such as Fitbit activity trackers or Internet-connected washing machines. The technology enables data to be sent from sensors to the Web for monitoring and analysis. As the market for devices with sensors has grown, tech companies are beginning to battle to build the software systems that run them.
 Southwest zings competitors' fees
The Arizona Republic (Phoenix), October 9, 2015 Friday

 HOUSTON - Southwest Airlines, which has touted its lack of extra charges since the airline fee frenzy began seven years ago, is taking the gloves off in its latest advertising campaign.
 VW to apologize before Congress for diesel emissions
The Detroit News (Michigan), October 8, 2015 Thursday

 Detroit News Washington Bureau Washington - Volkswagen of America CEO Michael Horn will apologize before Congress Thursday for the company's decision to intentionally evade diesel emissions requirements in nearly 500,000 vehicles since 2009, but will not offer a timeline for fixing the problem. "On behalf of our company, and my colleagues in Germany, I would like to offer a sincere apology for Volkswagen's use of a software program that served to defeat the regular emissions testing regime,"...
 TA Associates to Buy Russell Investments for $1.15 Billion
The New York Times, October 9, 2015 Friday

 LONDON -- The private equity firm TA Associates said on Thursday that it had agreed to acquire the Russell Investments asset management businesses from the London Stock Exchange Group for $1.15 billion.
 LoanDepot files for IPO, seeking $100 million; O.C. firm has grown to become the fourth-largest originator of FHA mortgages.
Los Angeles Times, October 9, 2015 Friday

 A fast-growing mortgage lender in Orange County that has quietly become one of the nation's biggest loan originators plans to go public. Foothill Ranch firm LoanDepot filed a registration statement Thursday with the Securities and Exchange Commission, reporting its plans to raise as much as $100 million in an initial public offering. The company, founded in 2009, is a non-bank lender that originates loans and packages them into securities that are sold to investors. The vast majority of...

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