1. Articles from Jonathan Garber (jgarber@businessinsider.com)

    1-6 of 6
    1. Disney Boosts its Offer for 21st Century Fox Assets to $71. 3 Billion

      Disney Boosts its Offer for 21st Century Fox Assets to $71. 3 Billion

      Disney has raised its offer for 21st Century Fox assets to $38 a share, or a total of $71.3 billion in cash and stock.

      The increased offer comes after Comcast crashed Disney's attempt to buy the assets with a $65 billion bid of its own just one week ago, after the US Justice Department approved the AT&T-Time Warner merger...

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    2. Amazon, Berkshire Hathaway, and JPMorgan are Teaming up on Healthcare

      Amazon, Berkshire Hathaway, and JPMorgan are Teaming up on Healthcare

      Amazon, Berkshire Hathaway, and JPMorgan Chase & Co. are teaming up on ways to address healthcare for their US-based employees. The companies will aim to improve employee satisfaction while reducing costs, according to a joint press release.

      Americans spent an average of $714, or 1.6% of their take-home pay on out-of-pocket healthcare spending in 2016, according to a report from JPMorgan Chase. That's up 3.6% versus a year ago and up 13.5% from 2013...

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    3. General Electric Slashes its Divided by 50%

      General Electric Slashes its Divided by 50%

      General Electric's board of directors announced on Monday it is cutting its dividend in half  — from $0.24 to $0.12 a share.

      “We understand the importance of this decision to our shareowners and we have not made it lightly.  GE Chairman and CEO John Flannery said in the release. "We are focused on driving total shareholder return and believe this is the right decision to align our dividend payout to cash flow generation...

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    4. American Express' CEO is Stepping Down

      American Express' CEO is Stepping Down

      Reuters

      • Kenneth Chenault is stepping down after nearly 18 years at the helm of American Express.
      • Warren Buffett called Chenault "the gold standard for corporate leadership..."

      American Express Chairman and Chief Executive Officer Kenneth Chenault is stepping down after 37 years at the company, a company press release said on Wednesday...

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    5. Short Sellers are Cleaning up in Fitbit (FIT)

      Short Sellers are Cleaning up in Fitbit (FIT)

      Shares of Fitbit are down 15.7% at $6.08 per share on Monday after the company announced preliminary fourth-quarter results that were well below its previous estimate, in addition to slashing its guidance for the crucial holiday quarter.  The company said it sold 6.5 million devices in the fourth quarter, and that revenue would come in at $572 million to $580 million, well below its previous guidance range of $725 million to $750 million...

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    6. 10 things you need to know before the opening bell (spy, spx, qqq, dia, shw, aapl, twtr, val)

      10 things you need to know before the opening bell (spy, spx, qqq, dia, shw, aapl, twtr, val)

      Reuters/Ivan Alvarado

      Here is what you need to know.

      China is worried about rising debt. Zhou Xiaochuan, the governor of the People’s Bank of China, sounded the alarm over rising debt in the country. "Lending as a share of GDP, especially corporate lending as a share of GDP, is too high," Zhou said, according to Bloomberg and the Financial Times.

      Read Full Article
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    1-6 of 6
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    10 things you need to know before the opening bell (spy, spx, qqq, dia, shw, aapl, twtr, val) Short Sellers are Cleaning up in Fitbit (FIT) American Express' CEO is Stepping Down General Electric Slashes its Divided by 50% Amazon, Berkshire Hathaway, and JPMorgan are Teaming up on Healthcare Disney Boosts its Offer for 21st Century Fox Assets to $71. 3 Billion [TEST] December 2020 Oceaneering Appoints Two New Members to Its Board of Directors Parker Elects Jillian Evanko and Lance Fritz to its Board of Directors American Express Elects Thomas Baltimore to Board of Directors Itamar Medical Appoints Scott P. Serota to its Board of Directors Kimberly Ellison-Taylor joins U.S. Bancorp Board of Directors