Ascena to buy Ann Taylor and Loft for 2.2 billion dollars
Shares of Ann Taylor and Loft owner Ascena jumped as the deal to acquire the chains for 2.2 billion dollars was announced. Ascena also owns Lane Bryant and Catherines and operates about 3,900 U.S. and Canadian stores. Ann Taylor has roughly 1,030 stores.
MENTIONED IN THIS ARTICLE
Ann Taylor
LOFT
Ann
Ascena Retail Group
Ascena
Lane Bryant
Cressbarn
U.S
Canada
Endo International
TPG
Par Pharmaceutical Holdings
Endo
USA Snapshots Extra education in business finance
Have you pursued courses beyond standard schooling to enhance your business finances. Consider professional certifications, online programs, workshops, and seminars that build accounting, budgeting, and strategic planning skills for better financial outcomes.
Feds probe Fiat Chrysler recalls for possible failures
Federal regulators set a public hearing for July 2 to probe whether Fiat Chrysler Automobiles failed to properly carry out about 20 recalls affecting 10 million vehicles. NHTSA chief Mark Rosekind criticized low recall completion rates and timely owner notification, while FCA defended its performance and cooperation with the investigation. The agency aims to determine if a pattern exists and to ensure manufacturers fix safety defects.
MENTIONED IN THIS ARTICLE
Fiat Chrysler Automobiles
National Highway Traffic Safety Administration
Mark Rosekind
FCA
Sergio Marchionne
NHTSA
Fiat Chrysler
Rosekind
Icahn Says Apple Undervalued Amid New Markets Push
Investor Carl Icahn tells Apple CEO Tim Cook that shares at 130 are dramatically undervalued. He cites Apple’s moves into television and cars with a potential combined market of 2.2 trillion dollars, noting reports of a streaming TV service and 25 channel lineup.
MENTIONED IN THIS ARTICLE
Apple
Carl Icahn
Tim Cook
Icahn
ABC
Icahn Says Apple to Enter TV and Car Markets Strongly
Carl Icahn lauded Apple for its track record in new categories predicting growth into the Apple Watch television and the car. He argues the market undervalues Apple and calls for a much larger buyback while noting China’s rising role and Apple’s $2.2 trillion combined addressable markets.
MENTIONED IN THIS ARTICLE
Apple
CBS
Fox
China
FBR Capital Markets
Daniel Ives
Americas
Europe
Icahn
Cook
Court overturns YouTube ruling in Islam film dispute
Ninth Circuit reverses an order to remove Innocence of Muslims from YouTube ruling that a weak copyright claim cannot justify censorship. The 14 minute film sparked violence and threats in 2012, with Garcia claiming no real contract existed. The court emphasized First Amendment interests and denied a broad takedown.
MENTIONED IN THIS ARTICLE
SAN Francisco and Appeals Court
YouTube
Middle East
Ninth Circuit
Alex Kozinski
Cindy Lee Garcia
Mohammed
Google
Garcia
Eugene Volokh
UCLA
Tion
Volokh
Circuit Court of Appeals
Muhammad
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U.S. Court of Appeals For
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California
Starbucks
Spotify
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S&p
USA Today
Marketwatch.com
USA
Source Intuit QuickBooks Financial Literacy Survey
Jae Yang and
Paul Trap
Feds
Natsa
Usatoday
Bloomberg Scaln
Bloomberg
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