industry

Takata Files for Bankruptcy

Takata Files for Bankruptcy

Japan’s Takata Corporation filed for bankruptcy protection in Japan and the United States and agreed to be acquired for $1.6 billion by Key Safety Systems which is Chinese owned and U.S. based. Takata faces tens of billions of dollars in costs..

Pandora Stock Rises with Rumors of CEO Possibly Resigning

Pandora Stock Rises with Rumors of CEO Possibly Resigning

Tim Westergren, CEO and co-founder of Pandora Media Inc. (NYSE: P), will stay with the company until his replacement is found.Pandora shares rose 4.5 percent to $8.65 on Monday morning due to the news of Westergren’s imminent departure. A..

Warren Buffett's Berkshire Hathaway Inc. Invests in Commercial REIT Store Capital

Warren Buffett's Berkshire Hathaway Inc. Invests in Commercial REIT Store Capital

Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK.B) has acquired 9.8% stake in Store Capital Corp. (NYSE: STOR), a real estate investment trust (REIT) from Scottsdale Arizona. This is an interesting development, as many investo..

Toshiba Picks the Preferred Bidder for its Chip Business

Toshiba Picks the Preferred Bidder for its Chip Business

On Wednesday, Toshiba Corp. named a preferred bidder for its chip business. The members of the Japanese consortium include the Innovation Network Corporation, a state-backed investment fund, as well as the American buyout firm Bain Capital and the D..