-
Kraft Heinz Has Appetite For Campbell's, But JPMorgan Isn't Biting
Monday, June 25, 2018 - 9:12am | 392Kraft Heinz Co (NASDAQ: KHC) has a soup craving. According to the New York Post, the company is interested in acquiring Campbell Soup Company (NYSE: CPB), which announced a strategic review last month. Why It’s Important The alleged attraction follows a nearly 20-percent Street retreat on...
-
Foursquare CEO Jeff Glueck Discusses The App's White Label Technology: 'We're Just Getting Started'
Wednesday, May 16, 2018 - 2:04pm | 524Foursquare CEO Jeff Glueck has 105 million reasons why the app is much more than a social networking platform. The figure represents the number of businesses Foursquare recognizes in 170 countries, Glueck told New York Post reporter Carleton English at the 2018 Benzinga Global Fintech Awards on...
-
What's The Delaware Board Of Trade — And What Does It Have To Do With Cryptocurrency?
Wednesday, December 20, 2017 - 4:52pm | 447Seven Stars Cloud Group Inc (NASDAQ: SSC) became the beneficiary of cryptomania Wednesday when it announced the purchase of a 27-percent stake in the Delaware Board of Trade Holdings, Inc., or DBOT, for 1.63 million shares of Seven Stars Cloud common stock. Seven Stars Cloud, a Chinese cloud-...
-
Extra! Extra! Tronc Takes Over Gritty New York Daily News For $1
Tuesday, September 5, 2017 - 4:15pm | 441Tronc 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 (...
-
Amazon, Walmart Going Head To Head In What Could Be A Huge Third-Party Win
Thursday, July 6, 2017 - 9:10am | 620Wal-Mart Stores Inc (NYSE: WMT) is certainly not waving the white flag of surrender. To the contrary, it is starting to steer third-party sellers away from Amazon.com, Inc. (NASDAQ: AMZN)'s merchant platform. “For merchants, Walmart today is what Amazon was a decade ago: a vast frontier with...
-
Verizon Going After Disney? Maybe.
Monday, July 3, 2017 - 12:33pm | 561It’s certainly not impossible that Verizon Communications Inc. (NYSE: VZ) is considering acquiring Walt Disney Co (NYSE: DIS). But if this New York Post rumor plays out at all like the others, the deal is not likely. Since Verizon’s purchase of Yahoo, which now trades under Altaba Inc (...
-
Ackman Vs. Biden: Former VP Gets Fist-Shakingly Feisty With Hedge Fund Manager
Wednesday, June 28, 2017 - 2:51pm | 551Joe Biden, the former vice president who once mused about beating up then-candidate Donald Trump last year, shook his fist at hedge fund trader Bill Ackman and may have even threatened to punch him out during a testy exchange at a ritzy dinner in Las Vegas, reports say. A verbal skirmish took place...
-
Why Sheryl Sandberg Won't Leave Facebook For Uber
Thursday, June 22, 2017 - 11:27am | 490Sheryl Sandberg left her job as vice president of global sales and operations at Google (parent company, Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL)) to join Facebook Inc (NASDAQ: FB) and serve as its chief operating officer in 2008. But perhaps more important, her job at Facebook provided the...
-
Massive Media Layoffs Begin As Verizon Juggles HuffPost, AOL, Yahoo
Thursday, June 15, 2017 - 10:27am | 379Immediately after completing its acquisition of Yahoo! Inc. (NASDAQ: YHOO), Verizon Communications Inc. (NYSE: VZ) began trimming its expanding media portfolio. The Huffington Post, operated by Verizon subsidiary AOL, laid off 39 employees Tuesday, including the publication’s lone Pulitzer...
-
SiriusXM And Pandora Reportedly In Talks; SunTrust Considers Potential Deal
Thursday, May 18, 2017 - 10:52am | 422Shares of Pandora Media Inc (NYSE: P) were trading higher by more than 6 percent Thursday morning after the company was named as a potential acquisition target. The New York Post reported after Wednesday's market close that Sirius XM Holdings Inc. (NASDAQ: SIRI) is in talks to acquire Pandora. A...
-
MSG Networks Downgraded By Macquarie Amid Sale Talks
Wednesday, April 5, 2017 - 2:06pm | 434The New York Post reported earlier this week MSG Networks Inc (NYSE: MSGN) is looking to sell itself. Analysts at Macquarie commented on the reports, noting that while it makes sense for the company to sell itself, it would be prudent to downgrade the stock's rating. Macquarie's Tim Nollen...
-
BofI Holding Addresses 'Inaccurate And Substantively Misleading' Tabloid Story
Friday, March 31, 2017 - 10:50am | 403BofI Holding, Inc. (NASDAQ: BOFI), short for Bank of Internet USA, claims in its own words to be the "oldest and most trusted internet bank." A New York Post report stated that federal agents are conducting a probe into possible money laundering. The report suggested that the U.S. Justice...
-
After Boats, Seaplanes And Autonomous Cars, Uber's Latest Experiment Is Food
Monday, March 6, 2017 - 3:25pm | 570Even as Uber faces perhaps the most challenging time in its short corporate history, the ride-sharing app continues to add new features to its basic model, with the latest being the expansion of the UberEATS service. The food delivery is adding a lunch feature with access to 55 restaurants in...
-
A Timeline Ahead Of Time's Buyout
Sunday, March 5, 2017 - 9:05pm | 693Time Inc (NYSE: TIME), which was spun off from Time Warner Inc (NYSE: TWX) in mid-2014, could be another casualty of an industry-wide malaise that has rendered print media on the brink of extinction. As print advertising revenues suffered, the company was striving to make a mark in the digital...
-
To The Rescue: Cerberus Capital Riding In To Save Rite Aid?
Friday, January 27, 2017 - 4:02pm | 401Cerberus Capital, a major private equity player, has entered its name into the ongoing Walgreens Boots Alliance Inc (NASDAQ: WBA)–Rite Aid Corporation (NYSE: RAD) merger saga. Retail Sales As part of the proposed acquisition of Ride Aid by Walgreens, the two companies would need to divest...