Biz/Tech
Gannett to Acquire Journal Media Group for about $280 Million, Enhances Gannett's Portfolio in U.S., Increase Digital Audience
Peet's Coffee to Acquire Stumptown Coffee, Both Companies Will Still Operate Independently but Stumptown Getting Access to Peet's Resources and Scale
Peet’s Coffee & Tea announced in a press release that they will be acquiring the ownership of Stumptown Coffee Roasters from its shareholders, including TSG Partners LLC, who holds a majority stake at Stumptown Coffee. Both companies will still continue to operate independently from each other with Peet’s Coffee providing Stumptown Coffee with full access to its resources and scale.
Latest News
Skyworks to Buy PMC-Sierra for $2 Billion, Expands Product Portfolio, Customer Base, End Market Applications
Skyworks Solutions, Inc., an innovator of high performance analog semiconductors connecting people, places and things has announced in a press release that they will be acquiring PMC-Sierra, Inc. for $10.50 per share, or approximately $2 billion in cash. The acquisition will expand Skyworks’ product portfolio, customer base, and end market application.
Staples to Close Stores on Thanksgiving Day, Will Feature Amazing Deals Online
Staples, Inc. will be closing its stores on Thanksgiving Day while offering amazing deals on Staples.com, allowing customers to still shop at the convenience of their own homes, according to a press release issued by Staples.
Sprint to Cut Jobs, Part of Cost-Cutting Effort to Reduce Expense by $2.5 Billion in the Next Six Months
Sprint Corporation will be reducing jobs as part of its cost-cutting efforts to reduce its expense in the next six months, according to a report from The Wall Street Journal.
Apple Adds James Bell in its Board of Directors, Puts Diversity Program into Action
Apple Inc. will be adding James A. Bell, a former CFO and corporate president of The Boeing Company, to its board of directors, according to a press release issued by Apple. The addition of Bell puts Apple’s diversity program into action.
AMD to Cut about 5% of Total Workforce, Part of Restructuring Plan
Advanced Micro Devices, Inc. (AMD) will cut approximately 5 percent of its total global workforce as part of its restructuring plan, according to a regulatory filing by the company.
PBF Energy to Acquire Torrance Refinery for $537.5 Million, Increases its Total Througput Capacity
PBF Energy Inc. has announced in a press release that it will be purchasing the Torrance refinery and its related logistics assets from ExxonMobil for $537.5 million. The acquisition increases PBF Energy’s total throughput capacity to approximately 900,000 barrels per day.
Axel Springer to Acquire Minority Stake in Thrillist Media, Part of Strategy to Broaden Global Reach
Axel Springer SE has announced in a press release its intention to acquire a minority stake in Thrillist Media Group, a leading digital media company and lifestyle destination for millennial men who are based in New York City.
Twitter Expands Availability of Buy Button, Allows Millions of Merchants to Sell Products Through Tweets
Twitter Inc. has announced in a blog post a new partnership with three e-commerce platform that will expand the availability of its Buy Now button. The new partnership allows millions of merchants to sell a product through a tweet.
Target Expands Price-Matching Policy, Match Online Prices of 29 Retailers, Marks Big Step for US Retailer
Target Corp. will be expanding its price-matching policy and match the online prices of 29 retailers, up from five, according to a report from the StarTribune. The change in policy marks a big step for the retail company.
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