BusinessWeek to be acquired by Bloomberg
Bloomberg has won the bid to acquire BusinessWeek.
Bloomberg and BusinessWeek have not revealed the financial aspects of this acquisition deal.
They are expecting the deal to close by December this year.
Daniel L. Doctoroff, president of Bloomberg spoke about this acquisition deal: “The BusinessWeek acquisition will yield huge benefits for [...]
GM might sell rebranded Toyota Prius?
Bloomberg has reported that Toyota and General Motors are in talks for a possible deal over Toyota Prius.
The report said that GM might offer a rebranded version of Toyota Prius in the US market.
Industry sources say that Toyota President Akio Toyoda and GM’s Fritz Henderson are scheduled to meet [...]
Nokia to launch Intel powered mobile devices?
Bloomberg has reported that Intel has gained Nokia has a customer for their mobile processors.
Intel has been looking to enter into the mobile device market with their chips.
Bloomberg reported that the two companies could announce this deal as early as today.
Intel is currently scheduled to hold a press [...]
Bloomberg to cut 100 jobs from their operations
Bloomberg has announced that they would be cutting 100 television and radio jobs.
This is the first such layoff announced by the company since it was formed way back in 1981.
The company said that 45 of these positions would be removed from their newsroom staff.
Some jobs [...]
Merrill Lynch Vice Chairman Jeffrey Edwards leaving the company
News media company Bloomberg has reported that Merrill Lynch Vice Chairman Jeffrey Edwards will leave the bank in January.
The report cited information from an internal memo that is being circulated by the bank.
The memo has President Greg Fleming announcing that he is leaving the bank next [...]
Andrew Lack joins Bloomberg
News media company Bloomberg has announced that they have hired the services of veteran television news executive Andrew Lack.
He would be handling the company’s television, interactive and radio operations.
He would take over these duties from Matt Winkler. Matt Winkler would remain the head of Bloomberg’s news group.
Andrew Lack is currently the chairman [...]
International Herald Tribune and Reuters collaborating on an online portal
Reuters and the International Herald Tribune have together announced that they are collaborating to launch a co-branded daily online.
The business sections of the International Herald Tribune would be re branded next year and it would feature content provided by Reuters staff.
This deal with Reuters would be [...]
