Kekst, the PR agency that made its name advising on takeovers, was on the receiving end today as it sold out to French advertising firm Publicis. Founded by Gershon Kekst in 1970, the firm is famed for advising on deals like the lenghty, frenzied battle for RJR Nabisco, the leveraged buyout in the 1980s which […]
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A day after a big rally, Apple shares are down more than the broader market Wednesday on news of a new backdating lawsuit against Steve Jobs, former CFO Fred Anderson, and several other directors.”Plaintiffs Martin Vogel and Kenneth Mahoney, through
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Todd Harrison, founder and CEO of Minyanville.com, generated a firestorm last week when he declared his long-term cash account to be 100% in cash. …
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From All Things Digital, July 2, 2008:Like the zombies in “Night of the Living Dead” who will not die, the notion of a big, sloppy deal for Microsoft to buy Yahoo is revived yet again in an article in The Wall Street Journal today. …
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The Wall Street Journal reports Microsoft may be putting together a bid to buy Yahoo’s search division, leaving the rest for other players like AOL or News Corp. …
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Former NYSE Chairman Richard Grasso won a key court victory Tuesday, effectively ending attempts to block him from collecting $187.5 million in compensation.Grasso’s pay package may have been egregious but wasn’t illegal, and was keeping with the norm of
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Bad news for thousands of American workers (and dedicated coffee junkies) yesterday: Starbucks announced after the close that it’s shuttering hundreds of stores and laying off 7% of its workforce. This move — bolstered by
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Stocks rose early Wednesday, continuing Tuesday’s intraday bounce from bear market territory. Tuesday’s bounce left a lot of traders disappointed, as I wrote last night.Perhaps too many people were looking for a “textbook capitulation,” says
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