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Extra! Extra! Tronc Takes Over Gritty New York Daily News For $1
Tuesday, September 5, 2017 - 4:15pm | 441Read More...Tronc Inc (NASDAQ: TRNC), the newspaper chain that owns the Los Angeles Times and The Chicago Tribune, is buying the tabloid New York Daily News for the princely sum of $1, a sign of how far the fortunes of newspapers have fallen. The tabloid, which has battled Rupert Murdoch’s News Corp (...
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Zillow Will Give You $1 Million To Improve Its Zestimates
Friday, May 26, 2017 - 10:32am | 407Read More...Have you ever looked up home values on Zillow Group, Inc. (NASDAQ: Z) and noticed they were much higher or lower than anticipated? You are not alone. The lack of accuracy from Zillow’s "Zestimates" tool, which quickly appraises the value of homes nationwide, has been under fire from realtors...
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Should Coke And Pepsi Move Into The Hard Soda Biz?
Sunday, March 19, 2017 - 1:40pm | 915Read More...The Coca-Cola Co (NYSE: KO) and PepsiCo, Inc. (NYSE: PEP) may have to reinvent themselves soon if they are to survive and flourish, as the tide turns against soft drinks and toward hard soda. What Is Hard Soda? Hard soda is quite simply a carbonated drink containing alcohol. It is manufactured...
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Has Trump's Negativity On The Media Impacted Those Stocks?
Friday, January 27, 2017 - 3:44pm | 738Read More...Since the days leading up to the election, President Donald Trump has had a lot to say about big-brand news. On January 8, after reports clarified border-wall financing, Trump tweeted that the media was “dishonest” and “fake.” On January 11, he called Buzzfeed a “pile...
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The Rise And Fall Of A Mondelez-Kraft Heinz Merger Rumor
Thursday, December 15, 2016 - 4:42pm | 347Read More...Shares of Mondelez International Inc (NASDAQ: MDLZ) were moving higher Thursday following a report that Kraft Heinz Co (NASDAQ: KHC) was in talks to acquire the company. Rumor's Roots The news was first reported by German paper Bilanz after-hours Wednesday, although several different...
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Gannett Ends Tronc Merger Talks: What's That Mean For The News Industry?
Wednesday, November 2, 2016 - 10:11am | 819Read More...After a seven-month courtship that veered from strong affinity to acrimonious mud-slinging, Gannett Co Inc (NYSE: GCI) called off its merger talks with tronc Inc (NASDAQ: TRNC). Checkered M&A Move The initial move was made in April, and upon hitting rough weather, Gannett went public with an...
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McDonald's Is Getting Ready For Its Move To Oprah's Old Studio
Thursday, June 23, 2016 - 11:00am | 432Read More...Sterling Bay — a Chicago-based real estate developer, investor, builder and innovator — has revealed a proposed design for McDonald's Corporation (NYSE: MCD)'s new headquarters building, according to a report on CNN Money. CNN Money said, "The unveiling of the $250 million development...
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UnitedHealthcare Pulling Out Of Illinois As ACA's Plans Costs Are Too High
Wednesday, June 1, 2016 - 3:23pm | 187Read More...UnitedHealthcare (Nyse: UNH) is cutting Affordable Care Act plans in Illinois beginning in 2017, the Chicago Tribune reported. The cut in plans will reduce coverage in 27 counties. The insurance company is pulling out of the state due to more than expected losses due to covering a sicker than...
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Dunkin Brings Donuts Straight To Your Door
Tuesday, December 1, 2015 - 9:32am | 270Read More...On Monday, Samantha Bomkamp of the Chicago Tribune wrote that Dunkin Donuts of the Dunkin Brands Group Inc (NASDAQ: DNKN) has begun an online delivery service in the Chicago metro area. Dunkin Donuts’ recent entry into the delivery business follows the lead of many of its competitors,...
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5 Recent Big Media Spinoffs
Monday, August 11, 2014 - 11:19am | 826Read More...Gannett’s (NYSE: GCI) announcement last Tuesday that it planned to spin off its print business, including USA Today, into a separate company was only the latest of several recent media spinoffs. Here's a look at how the deal stacks up against the others. The Debt Question Gannett...
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Archer Daniels Midland Goes 'Wild' On Natural Flavors To The Tune Of $3.13 Billion
Tuesday, July 8, 2014 - 1:48pm | 583Read More...Archer Daniels Midland (NYSE: ADM) said Monday it would acquire privately held Swiss company Wild Flavors for $3.13 billion, the biggest acquisition yet for the agribusiness giant. Wild Flavors, founded in 1931, produces natural-based flavors and “flavor systems” that give food...
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IKEA Invests In Wind Power At Its U.S. Facilities
Thursday, April 17, 2014 - 3:05pm | 473Read More...There's another sign that the big corporations are taking the idea of alternative energy and energy sustainability quite seriously. Swedish home furnishing retailer IKEA announced last week it is investing in wind power, with the purchase of the Hoopeston Wind facility in Illinois. The company...
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Groupon Shares Slide to New Low
Thursday, July 12, 2012 - 8:06am | 407Read More...E-commerce marketplace Groupon (NASDAQ: GRPN) saw shares drop to the lowest levels on Wednesday since going public in November. According to CNBC, trend tracking site ComScore reported a 15 percent decline in traffic in June compared to the previous year. In the same month, Groupon had 12.25...
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European Union Hands $123 Billion Over to Spanish Banks
Tuesday, July 10, 2012 - 9:07am | 365Read More...According to Bloomberg, European governments are aiming to hand over as much as $123 billion in emergency loans in order to stabilize Spanish banks. In addition, the costs may be moved from the Spanish government's balance sheet in order to shield the country from the debt crisis. Spain's...
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The Fruits of Bureaucracy can be Poisonous
Friday, July 22, 2011 - 2:03pm | 971Read More...Nothing demonstrates the passing of the capitalist, entrepreneurial spirit from parents to children better than lemonade stands. Many of us had lemonade stands as children, which gave way to car washes in high school to raise funds for everything from a new video game system to a school trip. This...












