Bloomberg Businessweek
Today in the Fortune 500: JPMorgan loans $20 billion to AT&T for T-Mobile purchase, plenty of heirs at Berkshire and UPS takes the lead on fire safety
April 1, 2011: 11:26 AM ET
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The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
JPMORGAN LOANS AT&T $20 BILLION to buy T-Mobile. Analysts had been worried that JPMorgan would take on a huge credit risk by offering AT&T (T) the loan, but JPMorgan (JPM) dispersed pieces of it across 11 other banks, which should keep the bank financially in the clear. [New York Times]
STILL PLENTY OF TALENT AT BERKSHIRE even though David Sokol's unexpected departure from Berkshire Hathaway (BRKA) may have created a mini power vacuum. Many had assumed that Sokol would be a candidate for CEO Warren Buffett's successor, but Berkshire still has a strong lineup of executives who could take over. [New York Times]
UPS PROTECTS ITS PILOTS by installing industry-leading fire-safety equipment on its planes. UPS (UPS) is equipping its cargo fleet with fire-suppression systems and smoke-protection devices that would allow the pilots to see their navigation equipment even if the cabin fills with smoke. Those safety measures aren't yet required by industry regulators. [Wall Street Journal]
SHELL BANKS $614 MILLION on its sale of its downstream assets in Chile to Quineco. The sale is part of Shell's (RDSA) larger strategy to focus less on downstream assets and instead hone in on fewer markets. [Wall Street Journal]
A ROUGH YEAR for Johnson & Johnson, which has issued over 50 voluntary recalls since the start of 2010. A breakdown of Johnson & Johnson's (JNJ) long history, its recent recalls and the drug company's possible denial about a systemic problem. [Bloomberg Businessweek]
GM KEEPS TIGHTENING ITS BALANCE SHEET General Motors says it had sold its stake in the auto parts maker Delphi Automotive back to the company, and that the deal has raised $3.8 billion for GM (GM). The sale falls in line with GM's commitment to simplify its balance sheet, according to its incoming chief financial officer. [New York Times]
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Today in the Fortune 500: More airline fees on the way, BP keeps Algerian assets and the iPad 2 takes to the skies
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
IF YOU THOUGHT AIRLINE FEES WERE RIDICULOUS ALREADY they are only getting more so. Companies including American Airlines (AMR) , Delta (DAL) and United Continental Holdings (UAL) are going to charge for additional services that MORE
Mar 7, 2011 10:04 AM ET -
Today in the Fortune 500: GM could be back in the auto loan business, executives leave AMD and Microsoft and Ford wants 7,000 new workers.
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
IS GMAC BACK? Top auto company General Motors (GM) is contemplating getting back its auto loan business, formerly called GMAC. GM needs the business, renamed Ally Financial, to enable the MORE
Jan 11, 2011 5:14 AM ET -
Today in the Fortune 500: Goldman Sachs sees Facebook's 500 shareholder plan, Borders not yet at its final chapter and Berkshire Hathaway expands covereage for big oil.
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
FACEBOOK LIKES SHAREHOLDERS according to a document disclosing financial information that was given to a select group of Goldman Sachs (GS) employees who have the opportunity now to MORE
Jan 7, 2011 8:01 AM ET -
Today in the Fortune 500: More news on the Goldman-Facebook deal, AT&T decides it carries 4G technology and the American Airlines online data battle continues.
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
THANKS BUT NO THANKS A unit within Goldman Sachs (GS) was given a preview of the $450 million Facebook deal, and an opportunity MORE
Jan 6, 2011 8:12 AM ET -
Today in the Fortune 500: Jet-leasing fuels Boeing sales, no New Year's deal for Comcast and AIG loses ground in worker's comp probe.
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
IT'S A RENTER'S ECONOMY for aircraft, that is. Air travel is picking up in general, but the return of jet-leasing is also helping companies such as Airbus and Boeing (BA) MORE
Dec 23, 2010 8:35 AM ET -
Today in the Fortune 500: the 3-D TV dilemma, Boeing to build satellites with Mexico and the reason Mark Hurd left HP
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
STUCK IN TWO DIMENSIONS 3-D TV manufacturers are scrambling to reach their consumer base. While Amazon (AMZN) reported that its its two top two best-selling big sets were 3-D TVs, MORE
Dec 21, 2010 8:49 AM ET -
Today in the Fortune 500: GM and AIG ready to cut government purse strings, GE focuses on the fun stuff and Pepsi pushes Gatorade's sports drink status.
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
GM SHALL BE MASTER OF ITS OWN DESTINY the company's new head of finance said, which means that the auto maker will take on less debt in the MORE
Dec 15, 2010 8:39 AM ET -
Today in the Fortune 500: Pfizer's overseas challenge, big agribusiness moves on Mexican corn and Nike strides towards sustainability.
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
TOMORROW, THE WORLD Pfizer appointed a new head of emerging markets in its quest to push more of its products to the corners of the globe. The job MORE
Dec 10, 2010 8:24 AM ETPosted in: Bloomberg Businessweek, Business, Fortune 500, Hewlett-Packard, HPQ, Monsanto, PFE, Pfizer, SuperValu, SVU, Twitter -
Today in the Fortune 500: Payback Citi, Walmart bias case gets serious, cold brew between Kraft and Starbucks.
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
CASHING IN ON THE CRISIS The Treasury Department sold its last shares of the formerly bailed-out bank Citigroup (C) for $10.5 billion. The Treasury says the sale will put the $12 MORE
Dec 7, 2010 8:40 AM ET
