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The $800 bln e-commerce company is scrapping plans to open a second headquarters in NYC after local opposition. Both look foolish, but neither loses. Amazon can still expand elsewhere and New York is still a hot spot for job growth, as Amanda Gomez explains.
Posted: February 15, 2019, 5:49 pm
JPMorgan, the bank run by Jamie Dimon, is launching its own cryptocurrency to help facilitate blockchain-based transactions between its customers. At least so far, it’s a ways from the killer app for the technology behind bitcoin, as Tom Buerkle explains.
Posted: February 14, 2019, 6:03 pm
The smartphone maker wants news publishers to pitch in on a new Netflix-like app – but it’s driving a hard bargain, the WSJ has reported. Then again, its media partners need the help. Apple may also be capitalizing on the image problems of its rival Facebook, Jen Saba explains.
Posted: February 13, 2019, 6:24 pm
JAB’s bid to raise its stake in Coty to 60 pct has more than a whiff of opportunism, says John Foley. The investment firm masterminded a 2016 acquisition that weakened the perfume maker; eschewing a full takeover could allow it to use the company’s stock for more deals.
Posted: February 12, 2019, 6:14 pm
Feb 11 - T-Mobile US and Sprint tried to merge five years ago, but were knocked back by U.S. antitrust watchdogs. The latest attempt may have better luck thanks to America’s rivalry with China – but at the expense of domestic cellphone competition, as Jen Saba explains.
Posted: February 11, 2019, 5:56 pm
Feb 8 - Progressive U.S. Democrats are proposing to tackle climate change and provide healthcare and other benefits. The ambitious plan is vague and has no chance near term, but as Richard Beales explains, it will force a real debate about some of the biggest issues the country faces.
Posted: February 8, 2019, 6:10 pm
Feb 7 - Two U.S. lenders are merging to create a $66 billion rival to the country’s biggest banks. BB&T and SunTrust’s deal looks decent for investors on both sides – and if the regulators approve, it could provide the spur for more tie-ups in a crowded sector, Antony Currie explains.
Posted: February 7, 2019, 6:28 pm
Spotify is spending up to $500 mln on podcasts and non-music content, but this hot format is still unproven as a way of making money. With revenue growth slowing, the company has its work cut out in becoming an audio version of Netflix, as Jen Saba explains.
Posted: February 6, 2019, 6:17 pm
Feb 5 - Antony Currie takes stock of the independent advisory firm’s fourth-quarter earnings. Lazard’s stock is down over a quarter in the past year, but with asset management tough and M&A slowing down, it may just be ahead of now more vulnerable-looking rivals.
Posted: February 5, 2019, 5:37 pm
Feb 4 - The Wall Street firm says it’ll withhold 2018 pay for CEO David Solomon, predecessor Lloyd Blankfein and others if there’s more bad news on 1MDB. The board already had such power, but clarifying that clawbacks aren’t time-constrained or for punishment only is welcome.
Posted: February 4, 2019, 5:47 pm