In promoting its proposed $100-billion acquisition of Time Warner, AT&T argues that the merger of the two companies will produce all kinds of synergies between the content business and the telecom/distribution business.
Including opening standalone used-car stores. AutoNation reported a 9% decline in third-quarter net income on Friday, and said it will launch a multi-year effort to expand its business beyond new vehicle sales.
It was just two months ago that Mondelez International Inc., the $70 billion international snacks business formerly part of Kraft Foods, dropped a poorly executed attempt to acquire chocolate behemoth Hershey Co.
In true cloud industry fashion, size and profitability remain a mystery. Google is still synonymous with Internet search and advertising, but the company continues to push its cloud business as a priority.
Exxon Mobil Corp. warned that it may be forced to eliminate almost 20% of its future oil and gas prospects, yielding to the sharp decline in global energy prices.