Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Paul Mozur New York Times July 02, 2018 Atlantic Media’s business news site built for the digital age has turned into a good bit of business itself.The site, Quartz, which Atlantic created in 2012, will be sold to the Japanese financial intelligence company Uzabase for a price between $75 million and $110 million, depending on its performance, according to a statement released Monday.The acquisition is the second major international media takeover by a Japanese company in recent years. In 2015, the Japanese media group Nikkei bought The Financial Times, the British business newspaper of salmon-colored pages, for $1.3 billion. Advertisement Atlantic’s sale of Quartz is also a rare success in a media industry that continues to struggle to adapt to the internet and the tech titans that dominate it. Get Talking Points in your inbox: An afternoon … [Read more...] about Quartz, Atlantic Media’s business news startup, is sold to Japanese firm
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Business News Roundup, May 18
Chronicle News Services Published 3:50 pm, Thursday, May 17, 2018 Photo: Stephan Savoia / Associated Press Image 1of/1 CaptionClose Image 1 of 1 BJs Wholesale Club has announced that it filed a form S-1 with the U.S. Securities and Exchange Commission for an initial public offering. BJs Wholesale Club has announced that it filed a form S-1 with the U.S. Securities and Exchange Commission for an initial public offering. Photo: Stephan Savoia / Associated Press Business News Roundup, May 18 1 / 1 Back to Gallery Toshiba deal OKd In a prelude to an easing of trade tensions between Washington and Beijing, Chinese officials ended a months-long delay by approving Toshiba’s sale of a majority stake in its lucrative microchip unit to a U.S.-led group. A lack of approval by Chinese regulators had held up the deal in … [Read more...] about Business News Roundup, May 18
Business News Roundup, May 3
Chronicle News Services Published 3:41 pm, Wednesday, May 2, 2018 Photo: Tomohiro Ohsumi / Bloomberg Image 1of/1 CaptionClose Image 1 of 1 Many Xerox leaders are balking at the company’s potential deal with Fujifilm. Many Xerox leaders are balking at the company’s potential deal with Fujifilm. Photo: Tomohiro Ohsumi / Bloomberg Business News Roundup, May 3 1 / 1 Back to Gallery Icahn might save an icon Xerox’s plan to merge its business with Fujifilm of Japan looks to be increasingly in jeopardy, as its chairman, CEO and a majority of its board members said they would resign in favor of a slate of new leaders favored by shareholders opposing the deal. In a news release Tuesday, Xerox said that Jeff Jacobson would resign as chief executive and a director, and that Chairman Robert Keegan would step … [Read more...] about Business News Roundup, May 3
Business News Roundup, April 20
Chronicle News Services Published 4:01 pm, Thursday, April 19, 2018 Photo: Sam Hodgson / New York Times 2017 Image 1of/1 CaptionClose Image 1 of 1 Girl Scouts stand with the “Fearless Girl” statue a year ago. New York Mayor Bill de Blasio said the statue will be moved from its spot on Broadway. Girl Scouts stand with the “Fearless Girl” statue a year ago. New York Mayor Bill de Blasio said the statue will be moved from its spot on Broadway. Photo: Sam Hodgson / New York Times 2017 Business News Roundup, April 20 1 / 1 Back to Gallery Drivers can change lawsuit Lyft drivers can revise a lawsuit alleging that Uber spied on them as part of a scheme to gain a competitive edge. A San Francisco federal magistrate judge dismissed most of the lawsuit on Wednesday, but allowed the drivers to … [Read more...] about Business News Roundup, April 20
Business News Roundup, April 10
Chronicle News Services Published 4:27 pm, Monday, April 9, 2018 Photo: Vincent Tullo / New York Times 2017 Image 1of/1 CaptionClose Image 1 of 1 Tyler (left) and Cameron Winklevoss Tyler (left) and Cameron Winklevoss Photo: Vincent Tullo / New York Times 2017 Business News Roundup, April 10 1 / 1 Back to Gallery Deficit headed to $1 trillion The combined effect of President Trump’s tax cuts and last month’s budget-busting spending bill is sending the government’s budget deficit toward the $1 trillion mark next year, according to a new analysis by the Congressional Budget Office. The office’s report says the twin tax and spending bills will push the budget deficit to $804 billion this year and just under $1 trillion for the upcoming budget year. CBO says economic growth from the tax … [Read more...] about Business News Roundup, April 10