Author Archive for: roarmedia
Entries by roaradmin
The Toughest Job in America? Boeing’s New CEO Faces an Epic To-Do List as He Takes the Helm Today
Beginning today, David Calhoun steps into the cockpit as CEO of Boeing, the company’s fourth chief executive in just under five years. Calhoun is highly seasoned. His path to Boeing follows a long and distinguished career at high-profile companies in multiple industries.
Looking back at 2019 and at the business year ahead: What’s ahead?
2019 was full of surprises with interest rates unexpectedly reduced, the trade war with China, and other eye-openers — but can reviewing these developments help forecast what 2020 will bring, or will nothing short of a crystal ball help?
Plane Advantage: Pilot Problems
Business aviation is playing a game of musical chairs these days, as an unprecedented shortage of pilots raises the specter of a CEO showing up on a tarmac somewhere only to find an empty cockpit in the company plane.
Creditors recover $112 million from South Florida cash advance scheme that defrauded over 3,700 investors
Checks totaling $112 million have been delivered to 3,750 investors in Florida and across the U.S. after they lost their savings in a securities fraud scheme involving two South Florida companies that provided cash advances to small businesses.
Middle-market businesses seeking buyers from other countries face challenges — but might reap big rewards
For middle-market companies looking to be acquired, a foreign buyer can sometimes prove to be the best fit, but finding that buyer and closing such a deal can make for a complicated process with unique challenges.
Why Alphabet’s Acquisition of Fitbit Is a Master Move
Earlier in the week, there was lots of buzz that Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) would acquire Fitbit (NYSE:FIT), whose shares spiked more than 15% today on the news (the main report came from Reuters). While such rumors often fizzle, this one certainly did not.
Alphabet’s Acquisition of Fitbit is a Case of Perfect Timing
On Friday, the markets waited in anticipation as trading on Fitbit (NYSE:FIT) stock was paused. Shortly after the markets opened, the news broke that Alphabet will buy Fitbit for $2.1 billion. Shares of FIT soared 15% after the announcement.
Why Alphabet’s Acquisition of Fitbit Is a Master Move
The wearables market is simply too large for Google to ignore. For example, as seen with Apple’s (NASDAQ:AAPL) latest earnings report, the category is quite lucrative and a source of strong growth. The company’s assortment of products — like the Watch, HomePod smart speaker and AirPods — generated revenues of $6.5 billion in the latest quarter, up 54% on a year-over-year basis (this is nearly as much as the Mac business!) In fact, AAPL has gotten traction with its Watch in deals with United Health (NYSE:UNH) and CVS (NYSE:CVS).
