General Mills is announcing that it is eliminating artificial flavors and colors from artificial sources out of its entire line of cereals, including classics like Lucky Charms and Trix. The company is the first major cereal company to replace those artificial ingredients with fruits, vegetables and spices. … [Read more...]
List of Requirements for Twitter’s Next Leader Runs Deep
SAN FRANCISCO — The job requirements for the next chief executive of Twitter are forbidding. The board of directors of the social media company is looking for a savvy business strategist and product genius with experience running a public company. … [Read more...]
AT&T Hit With $100 Million Fine Over Unlimited Data Plans
The Federal Communications Commission hit AT&T with a $100 million fine today over allegations the telecommunications company slowed down data speeds for some customers who signed up for unlimited plans. … [Read more...]
Costolo Exit at Twitter Kick-Starts Deal Speculation
For deal makers, the departure of a chief executive always raises an interesting question: Is that company for sale? Merger advisers are almost certainly asking that now after Dick Costolo's announced plans to resign from Twitter on July 1. And several elements of the company's corporate governance make it easier to sell than some of its peers. … [Read more...]
E.U. Antitrust Regulators Investigating Amazon’s E-Books Business
LONDON - European regulators announced an antitrust investigation on Thursday into whether Amazon used its dominant position in the region's e-books market to favor its own products over those of rival retailers. … [Read more...]
Britain raises $1.2B from Royal Mail stake sale
Having sold in 2013 at 330 pence in one of Britain’s biggest privatizations for decades, the government offloaded its latest 15 percent stake late on Wednesday at 500 pence. … [Read more...]
Spotify Sells 1.4% Stake for $115 Million
Spotify has added $115 million to its war chest as it prepares to compete with Apple for dominance of the music streaming market. … [Read more...]
Japanese investors give thumbs-up to Abenomics
A man walks past a share prices board in Tokyo on June 9, 2015. Lots of money managers sitting in New York and London have opinions about Japanese efforts to spur economic growth, but what about hedge fund managers and bankers in Tokyo? … [Read more...]