Financial news on May 18, 2014
Business and Financial news
New York Times publisher Arthur Sulzberger Jr releases statement detailing decision to fire newspaper's executive editor, Jill Abramson; move comes in response to growing controversy over accusations by her supporters that gender played role in dismissal; Sulzberger cites pattern of managerial behavior that he says ultimately cost Abramson the support of her masthead colleagues, and says dismissal had nothing to do with pay or gender. Read more..
Under the terms of the $48.5 billion deal, AT&T will pay about $95 a share in stock and cash as it looks to gain leverage in negotiations over its video offerings. Read more..
Events leading to G.M.’s recall of 2.6 million cars because of a defective ignition switch. Read more..
The American drug giant Pfizer has made an offer worth $119 billion in what it said was a final effort to bring the British drug maker AstraZeneca to the table for deal talks. Read more..
Legal department of General Motors has become focus of broad internal inquiry into how company handled vehicle safety defect linked to 13 deaths; review of internal documents, emails and interviews shows that high-ranking officials, particularly in GM's legal department, acted with increasing urgency in last 12 months to grapple with the spreading impact of the ignition problem. Read more..
The industrial conglomerate said a new joint venture with a Chinese partner would create the largest auto interiors company in the world. Read more..
Every building has its own magnetic “fingerprint,” and if merge that information with public maps, and we may see a movement to make all our spaces as public as roads. Read more..
The noted investor and entrepreneur discusses the valley’s investment climate, his faith in virtual reality and digital currency — and his long tweets. Read more..
It can get noisy inside these puzzles, especially this one by Michael Hawkins. Read more..
Preserving capital by going lean is all the rage, but start-ups can falter if they confuse lean with cheap. Read more..