-
Amazon's Follows Up Prime Day With A New Promotion: Discount Student Loans
Friday, July 22, 2016 - 10:05am | 336Read More...Amazon.com, Inc. (NASDAQ: AMZN)'s Prime Day event was a smashing hit, and the e-commerce giant followed up with a new promotion — discounted student loans for Student Prime members. Wells Fargo & Co (NYSE: WFC) announced on Thursday that its Education Financial Services segment will team...
-
Toy Wars: Mattel Snags 'Jurassic World' License Out From Under Rival Hasbro
Wednesday, July 20, 2016 - 9:50am | 423Read More...Mattel, Inc. (NASDAQ: MAT) announced it has won the toy license for "Jurassic World" beginning in the summer of 2017. The California-based toy company will be taking over a business that was previously owned by rival Hasbro, Inc. (NYSE: HAS). The shakeup in the "Jurassic World" franchise is being...
-
Remember Dollar Shave Club? Unilever Just Bought It For $1 Billion
Wednesday, July 20, 2016 - 8:56am | 306Read More...Dollar Shave Club's fame and success could be attributed to a viral marketing campaign it produced 2012. The company's founder, Michael Dubin, produced and starred in the video in which he showed a tour of the company's warehouse, explaining why his "blades are f—ing great." The video helped...
-
Mac 'n' Cheese + Cheetos = Burger King's Latest Feast
Thursday, June 23, 2016 - 10:28am | 369Read More...What do you get when you combine the classic mac and cheese dish with a bag of Cheetos? You get Burger King's latest menu innovation: "Mac n' Cheetos." The popular fast food chain is delving into a new type of "snack-brand" hybrid that is popping up in the news lately, similar in strategy...
-
Imitation The Sincerest Form Of Flattery? Gadfly Says Chinese CFOs Are Copying Apple's Balance Sheet Strategy
Monday, June 6, 2016 - 9:28am | 342Read More...There are more iPhone users in China than there are in the United States, according to a report from China's state-run agency that monitors the country's Internet. Fortune, citing the report from China, added that 131 million people in the country use Apple Inc. (NASDAQ: AAPL)'s smartphone, making...
-
Time Buys CCI Asia-Pacific For Undisclosed Terms
Tuesday, May 24, 2016 - 12:53pm | 385Read More...Time Inc (NYSE: TIME) revealed the acquisition of CCI Asia-Pacific Ltd., which is the Hong Kong-based publisher of Fortune China, Fortune's Chinese-language edition. However, the company did not disclose the terms and conditions of the deal. Time International President Steve Marcopoto reacted to...
-
Tim Cook Just Completed A Tour Of China, Met With Didi Chuxing's President
Monday, May 16, 2016 - 9:22am | 245Read More...Apple Inc. (NASDAQ: AAPL)'s CEO Tim Cook's visit to China is underway, and early reports are giving a glimpse of what he is doing in the country and who he is meeting with. According to CNBC's Eunice Yoon, Cook visited one of Apple's largest stores in Beijing and was accompanied with Didi Chuxing...
-
DuPont Up After Reports BASF Could Make Counter Bid Against Dow
Monday, March 7, 2016 - 2:56pm | 437Read More...According to reports, the world's biggest chemicals company, BASF SE (ADR) (OTC: BASFY) may be making a move to push out Dow Chemical Co (NYSE: DOW) for E I Du Pont De Nemours And Co (NYSE: DD). While a Dow-DuPont merger has been in talks for months now, and an agreement made December 11,...
-
Metals And Mining Stocks Booming
Tuesday, March 1, 2016 - 11:47am | 257Read More...Metals and mining stocks surged on Tuesday, partly due to encouraging news out of China that should support commodity prices. China expects to lay off nearly 2 million workers in the coal and steel industries, representing around 15 percent of the total workforce. The country's actions are part of...
-
Wal-Mart Eyeing Expansion Of Fresh Food Operations, Report Suggests
Thursday, February 18, 2016 - 10:02am | 207Read More...According to a report by Fortune, Wal-Mart Stores, Inc. (NYSE: WMT) is looking to create hundreds of new management positions for its fresh food sections at U.S. stores. Fortune, citing "people familiar with the matter," noted that Wal-Mart has already hired 30 field managers to...
-
Disney Beats Street But Slides On TV Business
Tuesday, February 9, 2016 - 5:35pm | 326Read More...Walt Disney Co (NYSE: DIS) reported Q1 earnings at 4:15 p.m. EST Tuesday, with EPS coming in ahead of the Street ($1.63 vs. est. $1.45) and sales ahead of estimates as well ($15.24 billion vs. est. $14. 74 billion). The EPS/Revenue results came in much closer to Estimize consensus. Also of note,...
-
Silver Lake Doesn't Want 'Even A Slice' Of Twitter
Monday, February 1, 2016 - 3:45pm | 184Read More...Shares of Twitter Inc (NYSE: TWTR) surged Monday morning following a report by The Information that suggested notable investor Marc Andreeson and Silver Lake have "considered some sort of deal" to acquire the struggling tech company. A source within Silver Lake told Benzinga on Monday afternoon...
-
Report: VMware To Oversee A 'Big' Headcount Reduction
Friday, January 22, 2016 - 4:44pm | 224Read More...According to Fortune, VMware, Inc. (NYSE: VMW) is expected to announce a large headcount reduction plan next week. Fortune, citing "sources close to the server virtualization giant," reported that VMware could lay off up to 900 people, representing approximately 5 percent of its total workforce....
-
Elmer-DeWitt: Apple Should Buy Time Warner
Wednesday, January 13, 2016 - 12:20pm | 356Read More...According to Fortune's Philip Elmer-DeWitt, Apple Inc. (NASDAQ: AAPL) should make a bold move and acquire Time Warner Inc (NYSE: TWX). Elmer-DeWitt's hypothesis isn't particularly a new idea to investors. He cited a report by the New York Post which suggested that Apple is...
-
Netflix Gains On Expansion News, But Some Still Wary
Thursday, January 7, 2016 - 10:20am | 482Read More...On Wednesday, Netflix, Inc. (NASDAQ: NFLX) shares rose nearly 10 percent after the firm announced that it had launched streaming services in 130 new countries including key markets like Russia, India and South Korea, according to the Financial Times. The TV streaming service has already had a...
