Marathon Oil Looks to Sell Its North Sea Assets
First, it was Libya. Now the British North Sea. Marathon Oil’s recent decision to put its North Sea oil and gas fields up for sale highlights the company’s strategic plan to offload international assets so they can continue to develop and invest in U.S. shale fields....
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No love lost as Tinder rival’s lawsuit against Match Group goes ahead
Tinder’s swipe-centric competitor, Bumble, is moving forward with its lawsuit against Tinder’s parent company, Match Group. The suit alleged that Match purposely became privy to confidential information after claiming it wanted to buy Bumble. It was filed in March,...
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After Amazon Raises Minimum Wage to $15, Bernie Sanders Says McDonald’s Should Do the Same
Bernie Sanders isn’t stopping at Amazon. His next target: McDonald’s. The Vermont Senator, a longtime critic of the wages paid to entry-level Amazon workers, praised CEO Jeff Bezos on Tuesday when he announced a raise of starting pay to $15 per hour. Then Sanders...
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What the Sirius-Pandora deal might mean for ad firm Rubicon
Sirius XM’s acquisition of Pandora could deepen digital advertiser’s relationship with drive-time. Pandora’s ad-driven streaming will catch the millions of listeners Sirius doesn’t hook with trials of its subscription service popular in new vehicles, said Sirius XM...
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Five Below shops for new buyers as Toys R’ Us closes
With Toys R’ Us having closed its doors, Five Below seeks opportunity to target families searching for new toy destinations. The closing of all Toys R’ Us stores across the U.S., as part of a bankruptcy liquidation, left many families feeling nostalgic over childhood...
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Disney concedes Sky to Comcast, turns attention to its streaming app
Disney has agreed to Fox’s decision to sell its stake in Sky, the European pay television company. The sale improves Disney’s balance sheet, allowing the company to direct its already considerable assets into a streaming app that’s promised to roll out in late 2019....
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AT&T says Xandr will take on Facebook and Google. Investors aren’t so sure.
After two acquisitions this summer, AT&T plans to take on platform advertisers like Facebook and Google. Investors aren’t yet sure the pivot will pay off.
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AT&T, DoJ unite against Calif. net neutrality law
AT&T (NYSE: T) has joined forces with the U.S. Department of Justice in mounting complementary legal challenges to California’s new net neutrality law. The move aligns the two recent antagonists, as the Department of Justice’s Antitrust Division is still appealing to...
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In U.S. lodging, disappointing earnings signal the end of a growth cycle
After Marriott International Inc. acquired Starwood Hotels and Resorts in 2016, the hotel company became the largest in the world, offering its 110 million loyalty members access to 29 brands in more than 6,700 participating hotels around the world. The momentum...
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Corporate Strategy Spending Amid Tax Cut Gives Retail Stocks a Boost
Retail is not dead. In fact, many retail stocks have been given new life thanks to the Republican tax cut. With extra cash to spend on corporate strategies, many companies have revamped their e-commerce business and upgraded physical stores—improvements that have...
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Welcome to Investment Journal, a site covering the world of business right from Times Square. The site is produced by reporters at the New York City News Service and the Craig Newmark Graduate School of Journalism at CUNY. Email your comments to greg.david@journalism.cuny.edu.