Showing results by author "Michael J. De La Merced" in Tutte le categorie

A loss of more than $500 million last year. A company whose co-founders can effectively keep control for years after leaving. And once-explosive user growth that appears to have hit a speed bump.

"Snap Nears a Debut That Could Lift Market for New Tech Stocks" is from the March 01, 2017 Business section of The New York Times. It was written by Michael J. De La Merced and narrated by Keith Sellon-Wright.

Goldman Sachs’ chief executive, Lloyd C. Blankfein, issued perhaps the only condemnation by a Wall Street firm of Trump’s order, saying it was “not a policy we support.”

"Wall Street Reassures Employees, Without Wholly Rejecting Travel Ban" is from the January 30, 2017 Business section of The New York Times. It was written by Michael J. De La Merced and narrated by Fleet Cooper.

CVS Health said on Sunday that it had agreed to buy Aetna for about $69 billion in a deal that would combine the drugstore giant with one of the biggest health insurers in the United States and has the potential to reshape the nation’s health care industry.

"CVS Aims to Be One-Stop Shop in Aetna Deal" is from the December 03, 2017 Business section of The New York Times. It was written by Michael J. De La Merced and Reed Abelson and narrated by Kristi Burns.

Sprint and T-Mobile announced Sunday that they had reached a deal to merge, moving to create a new telecommunications giant — and betting that regulators would finally allow the U.S. wireless service market to shrink to just three national players.

"Sprint and T-Mobile Agree to Merge, in Bid to Remake Wireless Market" is from the April 29, 2018 Business section of The New York Times. It was written by Michael J. De La Merced and Cecilia Kang and narrated by Keith Sellon-Wright.

Broadcom officially withdrew a $117 billion takeover bid for its rival chipmaker Qualcomm on Wednesday, two days after President Donald Trump issued an extraordinary order to block the acquisition effort on national security grounds.

"Broadcom Drops Bid for Qualcomm After Trump’s Intervention" is from the March 14, 2018 U.S. section of The New York Times. It was written by Michael J. De La Merced, Chad Bray and narrated by Keith Sellon-Wright.

Broadcom unveiled Monday a $105 billion takeover bid for Qualcomm, setting up a potential merger battle between two of the world’s biggest chipmakers. Putting the two together would yield an undisputed giant in the world of smartphone technology — a company whose chips are used in both the latest iPhones and the newest Android models.

"Broadcom Offers $105 Billion to Buy Rival Chipmaker Qualcomm" is from the November 06, 2017 Business section of The New York Times. It was written by Michael J. De La Merced and narrated by Keith Sellon-Wright.

As interest in flying cars continues to swell, one of the most prominent startups working on the technology has gained a big new backer.

"Lilium, a Flying Car Startup, Raises $90 Million" is from the September 05, 2017 Business section of The New York Times. It was written by Michael J. De La Merced and narrated by Kristi Burns.

Amazon said Friday that it had agreed to buy the upscale grocery chain Whole Foods for $13.4 billion, as the online retailer looks to conquer new territory in the supermarket aisle.

"Amazon to Buy Whole Foods in $13.4 Billion Deal" is from the June 16, 2017 Business section of The New York Times. It was written by Michael J. De La Merced and Nick Wingfield and narrated by Mike DelGaudio.

The sale of a major league sports team always draws attention and local interest. But this one may attract even more interest, especially around the White House.

"One Kushner Is in Talks to Buy Miami Marlins, as His Brother Settles Into Washington" is from the February 09, 2017 Business section of The New York Times. It was written by Andrew Ross Sorkin and Michael. J. De La Merced and narrated by Kristi Burns.

The founder of Cerberus Capital Management, an investment firm that owns companies like the gun maker Remington Outdoor and the supermarket chain Albertsons, is in discussions to join the Trump administration, the firm disclosed Thursday.

"Trump Looks to Another Finance Veteran for Senior Role" is from the February 02, 2017 Business section of The New York Times. It was written by Michael J. De La Merced and narrated by Kristi Burns.

The fate of Yahoo’s $4.8 billion sale of its internet business to Verizon Communications may be uncertain. But in case it goes through, Yahoo has plans for what will remain.

"Yahoo Would Be ‘Altaba’ After Selling Internet Business" is from the January 09, 2017 Business section of The New York Times. It was written by Michael J. De La Merced and narrated by Keith Sellon-Wright.

Once a retail titan, Macy’s has struggled to remain relevant as e-commerce and discount retailers have decimated the traditional brick-and-mortar business.

"Macy’s, Once a Retail Titan, Approached About a Takeover" is from the February 03, 2017 Business section of The New York Times. It was written by Michael J. De La Merced and Rachel Abrams and narrated by Caroline Miller.

At a tough time for Sears Holdings, the beleaguered retailer has collected some much-needed cash — by selling one of its most beloved brands.

"Sears Agrees to Sell Craftsman Brand in a Bid to Raise Cash" is from the January 05, 2017 Business section of The New York Times. It was written by Michael J. De La Merced and narrated by Fleet Cooper.

In 2002, James Freeman gave up on being a professional clarinetist and began pursuing his other passion, roasting coffee.Freeman started out in a 183-square-foot potting shed in Oakland, California, and named his newborn business Blue Bottle Coffee, after a storied Viennese coffee house. Fifteen years later, Blue Bottle has grown beyond a one-man coffee shop. It is now one of the best-known purveyors of artisanal coffee that, in Freeman’s words, doesn’t taste like “flea shampoo.”

"Nestlé Targets High-End Coffee by Taking Majority Stake in Blue Bottle" is from the September 14, 2017 Business section of The New York Times. It was written by Michael J. De La Merced and Oliver Strand and narrated by Mike DelGaudio.

What does a beer company do to hedge against slowing growth in its main business? In the case of the parent company of Corona, the answer is to invest heavily in the marijuana industry.

"Why Alcohol Companies Are Betting on Cannabis" is from the August 16, 2018 Business section of The New York Times. It was written by Michael J. De La Merced and narrated by Kristi Burns.

Many leaders of public companies in the United States have complained about the negative aspects of filing quarterly financial reports, including taking up too much time and putting an excessive emphasis on short-term results.

"Trumps Asks SEC to Study Quarterly Earnings Requirements for Public Firms" is from the August 17, 2018 U.S. section of The New York Times. It was written by Michael J. De La Merced and narrated by Mike DelGaudio.

General Electric said Tuesday that it planned to spin off its enormous health care business and sell its multibillion-dollar stake in Baker Hughes, a major producer of oil field equipment, as part of a sweeping reshaping of the embattled industrial titan.

"GE Is to Spin Off Health Care Division in Bid to Streamline" is from the June 26, 2018 Business section of The New York Times. It was written by Michael J. De La Merced and narrated by Keith Sellon-Wright.

Telecom giant Verizon said Friday it was installing its head of technology as chief executive, just as it and other wireless carriers grapple with new technologies and a wave of consolidation in the fast-changing industry.

"Verizon’s Deal-Making CEO Retires" is from the June 08, 2018 Business section of The New York Times. It was written by Prashant S.Rao and Michael J. De La Merced and narrated by Mike DelGaudio.

The United States announced a deal Thursday to lift tough U.S. sanctions on the Chinese telecommunications giant ZTE, a company that has been at the center of a dispute between China and the United States.

"U.S. Strikes Deal to Lift Sanctions on China’s ZTE" is from the June 07, 2018 U.S. section of The New York Times. It was written by Ana Swanson, Michael J. De La Merced and Prashant S. Rao and narrated by Kristi Burns.