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New York Times Aims to Double Digital Revenue by 2020
The New York Times has set it sights on doubling its digital revenue to $800 million by 2020, as legacy publications scramble to find growing revenue streams amid the steady decline of print dollars.
Readers Will Rule, Says The Times, So Don't Be Shy  New York Times (blog)
New York Times aims for $800 mn annual digital revenue by 2020  Economic Times
Huffington Post  
Shopping Site Abandons $50 Membership Fee Inc. is already abandoning the main business model behind its new discount-shopping site, a surprising turnabout for what many viewed as the most promising challenge to Amazon.
Online retailer drops $50 membership fee  Reuters
Jet is dropping its membership fee — and thus upending its business model  Washington Post
Monsanto posts 4Q loss, to eliminate 2600 jobs to cut costs
Monsanto says it will eliminate 2,600 employees as part of a cost-saving plan as it reported a loss for the fourth quarter amid falling sales of its biotech seeds and herbicides.
Monsanto slashing 2600 jobs, buying back shares as sales fall | Reuters  Firstpost
Monsanto Says Agriculture Industry Consolidation Is `Inevitable'  Bloomberg
Blackstone to Pay $39 Million Over Fee Disclosures
The Securities and Exchange Commission said on Wednesday that three funds managed by the Blackstone Group, the private equity giant, would pay about $39 million to settle a case over how the firm imposes its fees.
Blackstone: $39M settlement for fee practices  USA TODAY
Blackstone to pay about $39 mln to settle SEC charges over fees  Reuters
FAA to test drone tracking near airports
The Federal Aviation Administration announced testing technology Wednesday to identify drones flying within 5 miles of an airport and tracking them back to their operators.
UPDATE 1-US FAA says it will test ways to track rogue drone flights  Reuters
FAA slaps drone video firm with record $1.9-million fine  Engadget
UPDATE 2-Canadian Oil Sands adopts poison pill to fend off Suncor
(Updates with Suncor comment). By Nia Williams. CALGARY Oct 7 (Reuters) - Canadian Oil Sands Ltd on Wednesday announced a new poison pill to try to thwart Suncor Energy Inc's hostile takeover bid, setting the stage for a drawn-out battle that could ...
Canadian Oil Sands Adopts Poison Pill in Wake of Hostile Suncor Bid  Wall Street Journal
Canadian Oil Sands rejects Suncor bid, adopts poison pill  The Globe and Mail
SABMiller-AB InBev Deal: This Glass Is Almost Full
It is amazing what folks will pay for premium beer and even more astounding what some brewers will charge. Budweiser owner AB InBev is offering roughly 30 times 2015 earnings for London-listed rival SABMiller, SBMRY 0.79 % a multiple meant to knock ...
AB InBev's offer isn't enough to break up SABMiller and the Santo ...  The Guardian
Nudging a Huge Beer Deal Down a Long Road  New York Times
Are Airline Passengers Ready to Climb Into Flying Bunk Beds?
Airlines and aircraft manufacturers keep coming up with wackier ideas for squeezing more people into airplanes. Remember the saddle-seat?
Airbus proposes stacking seats to fit in more passengers on airplanes  Dallas Morning News (blog)
We Cannot Allow This Design for Acrobatic Airplane Seating to Become Real  Gizmodo
Icahn Gets His Way as Freeport Adds His Allies to Board
Billionaire activist investor Carl Icahn got his way at the world's biggest publicly traded copper producer. Freeport-McMoRan Inc. agreed with Icahn to appoint Andrew Langham and Courtney Mather to its board, the Phoenix-based said in a statement ...
Freeport-McMoRan Adds 2 Board Members From Carl Icahn's Firm  ABC News
Freeport-McMoRan Adds 2 Icahn Directors  Wall Street Journal
A rally in US stocks loses steam as oil prices retreat
NEW YORK - An early rally in stock prices lost steam by Wednesday afternoon following as crude oil prices gave up much of their gains.
Wall St. Recovers After a Dip  New York Times
China could become a big problem for US stocks, again  MarketWatch