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17 Feb 2010 10:02

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Biz: Walgreen’s just bought out NYC’s big drugstore: Duane Reade

  • $1B amount Walgreen’s paid to dig its fingers into the NYC market
  • 257 number of Duane Reade stores in NYC; it’s the city’s largest chain
  • 70 number of Walgreen stores in NYC; they own 7,100 nationwide
  • » Brand identity: If you’ve ever been in a Duane Reade, you’d probably know it’s a bit different from your average Walgreen’s. Which is why Walgreen’s says they’re not changing the name or the style of the chain right away, and will figure out how to merge the chains later. Smart move. If anything, they should bring elements of Duane Reade to Walgreen’s.
Posted by Ernie Smith • 0 Comments • Permalink

16 Feb 2010 10:21

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Biz: General Growth’s name-defying bankruptcy nightmare almost over

  • $10 billion offer for the mall owner from Simon Property source
Posted by Ernie Smith • 0 Comments • Permalink

05 Dec 2009 11:16

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Tech: Daily poll: Apple’s buyout of Lala, good or bad?


Posted by Ernie Smith • 0 Comments • Permalink

04 Dec 2009 23:22

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Tech: UPDATE: Apple and Lala now getting married to each other

  • First a rumor, now a done deal. We posted about this two hours ago, and now it’s actually real. Apple, which has the pretty killer iPhone along with a music service which feels a little dated in the wake of services like Spotify and Lala, is ready to take on one of those startups. Lala’s cloud-based approach makes a ton of sense considering the iPhone app that the service has reportedly been working on for months. Lala’s super-embeddable approach (which we use) and Web-based interface also feel infinitely simpler compared to iTunes’ walled garden interface. We can’t wait. source
Posted by Ernie Smith • 3 Comments • Permalink

22 Nov 2009 12:02

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Biz: It’s like everyone wants a freaking Cadbury egg

  • Kraft They made a unsolicited bid for the candy-maker, and then they made another one. Crumbelievable.
  • Hershey They saw what Kraft was doing and want to get chocolate in their peanut butter – with backup from another investor.
  • Nestle Now they want to lay a finger on Cadbury’s Butterfinger. And they might just be the backup Hershey’s needs. source
Posted by Ernie Smith • 0 Comments • Permalink

11 Nov 2009 20:55

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Biz, Tech: 3Com and HP sitting in a tree, M-E-R-G-I-N-G

  • $2.7 billion for 3Com’s marbles to mix with HP’s source
Posted by Ernie Smith • 0 Comments • Permalink

02 Nov 2009 22:04

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Biz: Black & Decker, Stanley mix their tools in same toolbox

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  • We’re sorry for all the dirty jokes we’ve made lately, but they’re WAY too easy to make. Anyway, Stanley plans to buy Black & Decker in an all-stock deal for $3.5 billion. They’ve been trying to share the same tool belt for a while now, but they only pulled it off today. We’re going to stop writing now, just so we can avoid making another tool pun. source
Posted by Ernie Smith • 0 Comments • Permalink
 

07 Sep 2009 09:37

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Biz: Cadbury buyout offer: This may be the day’s only piece of news

  • $16.7 billion size of the offer Kraft made; it was swatted away by the chocolate egg giant
  • 41% increase Cadbury’s jump in stock after the offer was made; Kraft’s gonna try again source
Posted by Ernie Smith • 0 Comments • Permalink

18 Aug 2009 10:38

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Biz: Sam Zell screwed up Tribune. Now creditors might kick him out.

  • No agreements have been reached to date. Sam, as well as the rest of the management team, remain actively engaged and committed to Tribune. The restructuring is still in progress and it is premature to speculate about the company’s final ownership structure.
  • A statement from a Tribune Company spokesman • In response to reports that Sam Zell, who orchestrated a leveraged buyout of the company only to see the investment go bankrupt, would be ousted from the company. He’s under a lot of pressure from creditors, who are owed $8.6 billion in debt. And beyond that, he screwed an entire chain of newspapers in less than two years, causing thousands of people not in Chicago to lose their jobs because he bought the company with money he didn’t have. • source
Posted by Ernie Smith • 0 Comments • Permalink

09 Mar 2009 10:34

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Biz: Drug companies Merck, Schering-Plough have a shotgun wedding

  • $49 billion to merge the two pharmaceuticals source
Posted by Ernie Smith • 0 Comments • Permalink
 
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