Business News

Chicago Tribune (March 30, 2015)
Toys R Us, following years of losing ground to online rivals and discount chains, plans to revamp its stores to be places where kids come to play. The company, which was taken private almost a decade ago by Bain Capital Partners, KKR & Co. and Vornado Realty Trust, will open a new prototype store this year, CEO Antonio Urcelay said at an event Tuesday in New York. The goal is to eventually make all of its locations more engaging places for children than Wal-Mart or Target, he said.
The New York Times (March 30, 2015)
GNC, the country's largest specialty retailer of dietary supplements, has agreed to institute sweeping new testing procedures that far exceed quality controls mandated under federal law. The action to be announced Monday comes after the New York State attorney general's office accused GNC and three other major retailers of selling herbal supplements that were fraudulent or contaminated with unlisted ingredients that could pose health risks to consumers.   Experts said the announcement marked...
USA TODAY (March 30, 2015)
Kraft's richest assets may be ingrained in its storied past, but under Heinz, the trick will be to transport the likes of Jell-O, Cheez Whiz and Kool-Aid into modern-day relevance. That won't be simple. Millennial and Gen Z consumers are less enamored with bottled cheeses and more focused on what kinds of ingredients must be added to make any sort of cheese-ish product survive for eons outside of the fridge. Even then, food industry consultants, brand experts and image gurus say Kraft's...
Orange County Register (California) (March 29, 2015)
Apple's March event brought several key announcements, with one in particular having profound implications for the future of our health and the medical industry. Apple CEO Tim Cook opened the event by announcing the newest retail store opening in West Lake in Hangzhou, China. International expansion efforts are giving Apple an increasing presence in countries across the world, including additional revenue streams such as iPhone trade-in programs. Next came exciting news about Apple TV. Not only...
Sun-Sentinel (Fort Lauderdale, Florida) (March 28, 2015)
-- It was a tempest in a coffee cup. Starbucks wanted to spark a conversation about race when it asked baristas to write "Race Together" on customers' cups as part of a broader effort, but people standing in line for their morning java were not amused.
Los Angeles Times (March 29, 2015)
At the latest breed of hotel, rooms are up to one-third smaller than traditional quarters, with furniture that looks fresh from an Ikea showroom. The work desk is downsized and might double as a nightstand. The Internet speed is super fast. The Wi-Fi is free. Power outlets and USB ports dot the walls, especially near the bed to accommodate binge watching. The target is the millennial traveler, ages 18 to 34, who likes to stay connected online, eat on the run and commune with other...
Journal of Commerce (March 27, 2015 Friday 12:58 PM) Hapag-Lloyd, Germany's biggest container line, slumped to a net loss of 603.7 million euros [$652 million] in 2014 largely due to the one-off cost of acquiring and integrating Chilean carrier CSAV.
The Courier-Journal (Louisville, Kentucky) (March 28, 2015)
Ford Motor paid former CEO Alan Mulally more last year than the current CEO, even though Mulally retired in July and the current chief, Mark Fields, worked at Ford all year in executive jobs. Fields earned $18.6 million in salary, bonus and stock grants and options in 2014. The payday was up 82% over the previous year. Mulally's compensation package was $22 million, including a new Ford Taurus sedan.
The Courier-Journal (Louisville, Kentucky) (March 28, 2015)
Shares of computer chipmakers Intel and Altera were up big Friday on buyout rumors. "The Wall Street Journal" reported that Intel is in talks to buy Altera in a deal likely to top Altera's market value of $10.4 billion. The deal, if it happens, would be unusual for Intel, which tends to do lots of smaller deals. Its biggest buyout was its purchase in 2010 of computer security firm McAfee for nearly $8 billion, says S&P Capital IQ. Shares of Intel rose $1.92, or 6.4%, to $32, while Altera...
St. Louis Post-Dispatch (Missouri) (March 28, 2015)
Olin Corp., the Clayton-based maker of chemicals and ammunition, is buying a large part of Dow Chemical's chlorine business in a deal valued at $5 billion. The deal, the largest in Olin's 123-year history, will make the company the world's biggest chlor-alkali producer, while more than tripling its sales. Chlor alkali denotes a group of key industrial chemicals made through the production of chlorine, including industrial bleach and caustic soda.
The Philadelphia Inquirer (March 28, 2015)
Trump Entertainment Resorts supports development of a Stockton University campus in Atlantic City - just not next door to the Trump Taj Mahal, the company said Friday.  Stockton announced this week that Trump was threatening to invoke a 1988 legal covenant that would block use of the Showboat casino property as anything other than a first-class casino-hotel. The university bought the shuttered casino for $18 million to create an "island campus" for thousands of students, along with reopening a...
The New York Times (March 28, 2015)
China is reducing the use of coal for power generation faster than expected, as the nation turns to cleaner-burning fuels and economic growth slows. Beijing said this month that it would go all out to curb its addiction to coal to reduce pollution, raising fresh doubts about demand just after China's coal imports had slumped a third in February from the level of a year earlier. China is the world's top coal consumer.
The New York Times (March 28, 2015)
SYDNEY, Australia -- The American energy company Chevron is seeking to sell its entire stake in Caltex Australia for about $3.6 billion, as falling oil prices and high costs have hurt profit margins.
The New York Times (March 28, 2015)
PARIS -- Vincent Bolloré, the chairman of the French media group Vivendi and one of France's richest men, appears to be gearing up for a fight. The family-controlled Bolloré Group said on Friday that it had raised its stake in Vivendi in the face of attack from an American hedge fund that included demands that it turn over more money to shareholders and sell the Universal Music Group, the company behind artists like Katy Perry and Kanye West.   Mr. Bolloré increased his Vivendi stake to 10.2...
The New York Times (March 28, 2015)
Dow Chemical on Friday took another step to streamline itself in the face of pressure from the activist investor Daniel S. Loeb, agreeing to separate its chlorine business and merge it with the Olin Corporation, another chemical company. The deal will deliver about $5 billion to Dow, including about $2 billion in cash, and it is structured as a tax-efficient Reverse Morris Trust transaction. The enlarged Olin will have revenue of about $7 billion.   The shedding of another big Dow business...
The New York Times (March 28, 2015)
LONDON -- The Royal Bank of Scotland said on Friday that it had agreed to sell the international operations of its Coutts & Company private banking business to the Swiss private bank Union Bancaire Privée.
The New York Times (March 28, 2015)
Intel is in discussions to buy Altera, a designer of specialized computer chips, a person briefed on the matter said on Friday. It would be one of the company's biggest deals ever.
The New York Times (March 28, 2015)
Google wants to be everywhere, even inside your body. On Friday, Google and the pharmaceutical giant Johnson & Johnson announced a partnership between Google's life sciences division and Ethicon, a division of Johnson & Johnson that makes surgical products, to develop new robot-assisted surgery technologies.
Los Angeles Times (March 28, 2015)
Business tycoon-philanthropists Bill Gates and Warren Buffett have some new company: Apple Inc. Chief Executive Tim Cook.
The Tampa Tribune (Florida) (March 28, 2015)
Target Corp. thrilled legions of floral-print-loving women across the Internet Friday by releasing a look book preview of dresses and home goods designed by the popular designer Lilly Pulitzer.
The Kansas City Star (March 27, 2015)
Hallmark Cards Inc. said this week that its earnings remained steady last year despite a 2 percent drop in revenue.  The Kansas City-based company has been cutting costs by paring staff and energy use and consolidating some manufacturing operations.
Chicago Tribune (March 27, 2015)
The alterations underway at American Apparel are evident in its advertising. Gone are the half-naked young women splayed on billboards and print ads. These days, the models tend to be fully dressed in the company's hip basics. The salacious images were part of the freewheeling style of founder Dov Charney. His tenure was also marked by loose corporate operations, financial losses and sexual harassment allegations that sparked a board revolt and Charney's ouster last year.
Chicago Tribune (March 27, 2015)
Americans bought less soda for the 10th straight year in 2014, with diet sodas shrinking more than their sugary counterparts, according to a report released Thursday. The annual report by the industry tracker Beverage Digest found that overall soda volume slipped 0.9 percent last year, moderating from a decline of 3 percent the previous year.
The New York Times (March 27, 2015)
ONLY a few years ago, in the depths of the recession, the local car dealership seemed to be living on borrowed time. Franchises were closing by the hundreds as buyers stayed away from what were increasingly seen as outmoded showrooms. Now, with the economy back, auto sales are booming, and investors seemingly cannot get enough of the hardscrabble business of ''moving metal.'' This month, Berkshire Hathaway, Warren E. Buffett's holding company, completed its acquisition of the Van Tuyl Group,...
The New York Times (March 27, 2015)
Every month it seems another American company reports being a victim of a hacking that results in the theft of internal or customer information. But the legal profession almost never publicly discloses a breach. The unwillingness of most big United States law firms to discuss or even acknowledge breaches has frustrated law enforcement and corporate clients for several years. That frustration bubbled over in a recent internal report from Citigroup's cyberintelligence center that warned bank...
Last Updated: 2015-03-30 @21:30
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