Saturday, September 23, 2017

4 companies bid for UFC’s ownership

Four bidders are fighting to purchase the UFC, the biggest mixed martial arts organization in the world with an estimated value of between $3.5 billion and $4 billion. WME/IMG, China Media Capital, The Blackstone Group and Dalian Wanda Group have submitted their respective bids.

Tesla posts $282.3M loss in the first quarter; 2 top executives leaving

Electric automaker Tesla reported on Wednesday an adjusted loss that was narrower than analysts expected, but the report almost was overshadowed by news that two of the company's top manufacturing executives are planning to leave the company.

Etsy posts first quarterly profit since April 2015 IPO

Etsy Inc. posted a profit in the first quarter -- the first time since April 2015 when it went public -- as growth in revenue and users stayed strong, according to a company statement released on Tuesday.

Uber Hit with two more lawsuits by their drivers

Uber has been hit with more class action lawsuits a two more drivers have filed against the company over their employment.

Mitel Networks Corp. acquires Polycom Inc. for nearly $2B

Mitel Networks Corp., a maker of videoconferencing equipment and other hardware, agreed to pay $1.96bn in cash and stock to buy Polycom Inc. in a merger deal that Elliott Management Corp. urged both companies to explore.

Gap Inc. names Sonia Syngal as Old Navy president

Gap Inc. said on Wednesday that it named Sonia Syngal to become the president of Old Navy, as the company looked for internal talent to replace Stefan Larsson after he was named as CEO of Ralph Lauren Corp. in 2015.

Mercedes-Benz sales in Q1 rise 13 percent; twice as fast as BMW

Mercedes-Benz posted increased sales in the first quarter, which is twice as fast as BMW, inching them closer to the top spot in the world's luxury-car market for the first time in a decade.

Alcoa Inc. posts 92 percent drop in Q1 net income to $16M

Alcoa Inc. posted a 92 percent decline in profit for first quarter of 2016 from a year ago, due to weak aluminum prices. The company also lowered its sales growth outlook this year for its global aerospace unit.

For Hospitals, Prestige Leads To Profits

A new study explores why the most profitable U.S. hospitals are who they are.

How Medicare Drug Plans Hope To Follow Private Sector...

The proposal that Medicare made this month to better control prescription drug costs involves testing strategies used with some success in the private sector.

California Voters Will Have Their Say On Drug Prices

Heated battle expected over November ballot proposal to curb state's prescription drug costs, as pharmaceutical industry opens its pocketbook to defeat the measure.

How You Can Easily Pay Off Your Holiday Debt

If you are just recovering from the holiday hangover...

Despite Kvetching, Most Consumers Satisfied With Health Plans: Poll

The survey by the Kaiser Family Foundation shows that 71 percent of people with insurance believe their services are excellent or good.