Latest from Aaron Schrank

• Dec 14, 2017

  Disney-Fox deal makes CEO succession tougher

  The Walt Disney Co. has agreed to buy most of 21st Century Fox’s entertainment assets in a $52 billion deal that will reshape the media landscape. If the megamerger goes through, the already huge Disney will become an even bigger Hollywood player and digital streaming competitor. Disney chairman and CEO Bob Iger was set to […]

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• Dec 13, 2017

  Westfield mall owner agrees to sale

  Europe’s largest commercial landlord, Unibail-Rodamco, announced plans today to buy the Westfield Corp. for almost $16 billion. Westfield is an Australian company that has 35 mostly upscale malls in prime locations across the United States and United Kingdom. But even the firms behind some of America’s best-performing malls are feeling the pressure from online retailers […]

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• Dec 7, 2017

  GE to cut 12,000 jobs as demand for fossil fuel power stations falls

  General Electric Co. announced today it’s cutting 12,000 jobs in its core power business worldwide, as demand for coal and other fossil fuels softens. It’s the latest move by new CEO John Flannery to cut costs and turn things around at the struggling conglomerate, whose stock plunged 44 percent this year. GE Power is the company’s […]

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• Dec 5, 2017

  Lawmakers ponder fate of corporate AMT

  The House and Senate have both passed tax bills cutting the rate that corporations pay. The lawmakers differ though on the details, including what to do with the corporate alternative minimum tax. The House bill repealed it, but after some last minute changes the Senate bill keeps the AMT in place and some businesses aren’t […]

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• Nov 29, 2017

  Chipotle looks for a new CEO

  Fast-casual restaurant chain Chipotle, set up in 1993, has struggled after a number of food safety scandals. An E. coli scandal at one of its stores a couple of years ago also hit its shares. As company founder and CEO Steve Ells moves into the role of executive chairman, Chipotle is looking to shift its […]

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• Nov 29, 2017

  Cable companies increasingly offer streaming services as part of the package

  Comcast and a dozen other operators already have arrangements to offer streamed content from providers like Netflix. Charter Communications is working on a similar deal with Netflix and both companies are reportedly in talks with Hulu. As cord-cutting gathers steam, it’s a case of “if you can’t beat ‘em, join ‘em.” Click the audio player […]

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• Nov 22, 2017

  Why companies like Uber have an incentive to cover up data breaches

  News has broken that last year, hackers downloaded the personal information of 57 million Uber riders and drivers from a third-party server. In response, the ride-hailing company paid those attackers $100,000 to delete their copy of the data, and then reportedly tracked them down to get them to sign non-disclosure agreements to keep the breach […]

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• Nov 22, 2017

  Black Friday may not be best day for deals

  More than half the respondents in a survey by WalletHub said Black Friday no longer offers the best deals of the year. The personal finance website analyzed ads from major retailers and found that there are a lot of deals on the day after Thanksgiving, but you have to know where to find them.  Click […]

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• Nov 17, 2017

  Tesla unveils an electric truck, but will it catch on?

  CEO Elon Musk said the new electric Tesla trucks will have a range of about 300 miles. But truckers may not want to pay for the cleaner ride. Click the audio player above to hear the full story. 

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• Nov 10, 2017

  Senate proposal delays corporate tax rate cut

  Republicans in the Senate unveiled their tax bill yesterday. It proposes a delay the corporate tax cut that President Donald Trump says is crucial to spurring economic growth. The House plan would have cut the top corporate tax rate from 35 percent to 20 percent beginning next year. The Senate wants to delay that until […]

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