Archive for May, 2017

Tax Reform Not Going Quite As Planned

The Republican effort in Congress to reshape the tax system has been moving much more slowly than many had hoped. Republicans started 2017 with high ambitions, seeing as they controlled both houses of Congress and the White House. Their stated aim was to quickly repeal the 2010 Affordable Care Act and reform the tax code. […]

Western Digital Files Lawsuit To Halt Toshiba Chip Business Sale

Western Digital Corp. (NASDAQ:WDC) has filed a lawsuit to stop partner Toshiba Corp. (TYO:6502) from selling its chips business without its consent. Western Digital announced on Monday that it had initiated arbitration procedures with the International Chamber of Commerce. The two companies jointly operate Toshiba’s main semiconductor plant. Western Digital is unhappy that Toshiba is […]

Sinclair Broadcast Group Announces Deal For Tribune Media

Sinclair Broadcast Group Inc. (NASDAQ:SBGI) announced Monday that it will acquire Tribune Media Co. (NYSE:TRCO) in a multi-billion dollar deal. Sinclair is buying Tribune for $3.9 billion plus the assumption of about $2.7 billion in debt. Tribune shareholders will receive $35 and 0.23 of a share of Sinclair common stock per share of Tribune stock. […]

Starbucks Has A Hit With Its Unicorn Frappuccino

Starbucks’ (NASDAQ:SBUX) Unicorn Frappuccino was only available for a few days in April. Now, the company is saying that the short-lived product had a big impact. The colorful frappuccino that changed colors and flavors with a stir caused a significant bump in traffic at the chain. The increased traffic will also likely lead to an […]