April, 26, 2018|

Danielle DiMartino Booth

A quick perusal of the financial press revealed a treasure trove of write-ups on PIMCO’s Richard Clarida, the recently named nominee to be Vice Chair of the Federal Reserve Board. Coverage of one Michelle Bowman, nominated the same day to serve as a governor on the Board was, however, scant...

Sky is the Limit for Comcast

April, 26, 2018|

Comcast Makes $31 Billion Bid

Comcast has made its offer for Sky official, tabling a $31 billion offer for the European pay-tv giant. Its offer represents a 16% premium to Sky shareholders over the existing bid from 21st Century Fox...

China’s Uber IPO

April, 25, 2018|

China’s Didi in Talks for IPO

Chinese ride-hailing company Didi Chuxing is in talks for a multi-billion-dollar initial public offering that could take place as early as this year, The Wall Street Journal reported on Tuesday...

A Visit from Our Oldest Ally

April, 24, 2018|

France’s Macron Visits Trump

U.S. President Donald Trump and French President Emmanuel Macron emphasized pomp and ceremony on Monday as Macron began a state visit to Washington likely to be dominated by differences with the United States over trade and the nuclear accord with Iran...

Philip Morris Gets Smoked

April, 20, 2018|

Philip Morris Plunges

Shares in the New York-listed, Switzerland-based tobacco giant ended down 16%. That was its biggest one-day slide since becoming a public company in March 2008...

Amazon Taking Over the World

April, 19, 2018|

100 Million for Amazon Prime

More than 100 million people globally are now paying for Amazon Prime, a sign of how Amazon.com Inc. has used the service to evolve from an online marketplace that struggled with profitability into an e-commerce powerhouse. Amazon, which has never disclosed the number of Prime members before, revealed the figure Wednesday in Chief Executive Jeff Bezos’s closely followed annual letter to shareholders...

April, 18, 2018|

Danielle DiMartino Booth

...It would appear that the word is out that the CRB Commodity Index has soared to the highest since October 2015 though it’s doubtful most thieves have Bloomberg terminals within reach. Nonetheless, the shocking story reminisced of the heady days of the last housing boom when vacated houses would be harvested for scrap metal of any kind...

IBM High Revenue, No Profit

April, 18, 2018|

IBM Revenues Up, Profit Margins Down

International Business Machines Corp. posted its second consecutive quarter of higher revenue after nearly six years of declines, a sign that Chief Executive Ginni Rometty’s slow-moving turnaround may be taking hold...