News

Regulation

Whistleblower Tips to SEC Top 5,200 in FY 2019

“The whistleblower program continues to have a significant positive impact on the commission’s enforcement efforts and protection of investors and markets."

Matthew Heller
November 19, 2019
Sustainability

Energy Startup Creates Solar Energy Hot Enough for Industrial Processes

Heliogen, backed by Bill Gates, has achieved temperatures suitable for cement and steel production.
Retirement Plans

FedEx to Discontinue Pension Plan for New Hires

The switch to a 401(k) plan isn’t intended to save money but is "really more about evolution of our benefits and being competitive as an employer."
M&A

Coty Makes $600M Beauty Bet on Kylie Jenner

The ailing beauty company is buying a majority stake in startup Kylie Cosmetics as it seeks to appeal to a younger demographic.
Strategy

MedMen to Lay off 190 Workers in Profit Push

“We have a clear plan to increase our market share, while at the same time enhancing our margins and reducing our corporate overhead."
Financial Performance

JCPenney Loss Narrows to $93M, Shares Jump

The ailing retailer's third-quarter results gave investors “some hope” that its turnaround efforts are “gaining traction.”
Capital Markets

Berkshire Hathaway Buys New Stake in Restoration Hardware

The furniture retailer’s shares are up more than more than 40% already this year.
M&A

HP Rejects Xerox’s Takeover Offer

HP signaled it was open to exploring a ‘potential combination’ between the two companies.
Financial Performance

Cisco Sees Revenue Drop Amid Weak Demand

First-quarter results beat analysts' estimates but the revenue guidance for the current quarter helped send Cisco shares down 5.1%.
The Economy

U.S. Producer Prices Post Biggest Gain in 6 Months

"Inflation needs to accelerate noticeably for the Fed to consider raising interest rates, and that doesn’t appear to be in the cards."
M&A

Gannett, New Media Shareholders Approve Merger

After the merger, Gannett will be the largest newspaper publisher in the United States.
Bankruptcy

Got Milk? Not Enough as Dean Foods Files Chapter 11

Dean's bankruptcy is "a fresh setback to a U.S. dairy industry struggling against declining U.S. milk consumption and rising competition."
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