Griffin out as Tribune Publishing CEO; Justin Dearborn named as replacement
Three weeks after welcoming Michael Ferro as the largest shareholder and nonexecutive chairman of Tribune Publishing, Jack Griffin is out as CEO.Griffin, who has guided Tribune Publishing since its August 2014 spinoff, has been replaced by technology executive and longtime Ferro associate Justin Dearborn, the Chicago-based newspaper company confirmed Tuesday. Dearborn, 46, had been CEO of Merge Healthcare, a Ferro-controlled medical technology company that was acquired by IBM in October."Althou..>> view originalUS home market: Sales and prices up but not enough supply
WASHINGTON (AP) — U.S. home sales are climbing. Prices are rising, too. So the outlook for the housing market is golden, right?Not entirely.A series of reports released Tuesday pointed to potential cracks in the foundations of America's residential real estate market.On the one hand, job growth and low mortgage rates have fueled demand and boosted sales to levels that were last glimpsed in the waning months of the housing bubble nine years ago. Those gains could spur more construction and addit..>> view originalOil and Stock Prices: An Opportunity for Fundamental Investors
To be perfectly clear, this is not a get-rich action that my Foolish colleagues and I came up with. But we wouldn't argue with the approach. A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich" rated The Motley Fool as the #1 place online to get smarter about investing. "The Motley Fool aims to build a strong investment community, which it does by providing a variety of resources: the website, books, a newspaper column, a radio [show], and [newsletters]," wr..>> view originalBertha resumes digging under Seattle
SEATTLE – Bertha, the machine boring the State Route 99 tunnel under Seattle, resumed tunneling Tuesday after being shut down for more than a month due to safety concerns.WSDOT announced Seattle Tunnel Partners resumed digging after getting conditional permission to lift the “suspension for cause” that halted tunneling.The state ordered STP to stop digging January 14 after a sinkhole formed behind Bertha. The hole was 35 feet long, 20 feet wide and 15 feet deep. Two days before that, a barge use..>> view originalDreamWorks Animation Blasts Past Expectations; Stock Rises
DreamWorks Animation Blasts Past Expectations; Stock Rises 1:09 PM PST 2/23/2016 by Paul Bond Paul Bond The animation company reported 55 cents per share in earnings while analyst expected just 16 cents. DreamWorks Animation's financial results blew by the expectations of analysts in the fourth quarter as the company on Tuesday reported 5..>> view originalYet Another Starbucks Loyalty Miscue?
UPDATE 2-Saudi's Naimi rules out output cuts; sees 'freeze' expanding
(Adds comments from Oman's Minister of Oil & Gas)By Liz Hampton and Luc CohenHOUSTON Feb 23 Saudi Oil Minister Ali Al-Naimi said on Tuesday he was confident more nations would join a pact to freeze output at existing levels in talks expected next month, but effectively ruled out production cuts by major crude producers any time soon.Addressing the annual IHS CERAWeek conference in Houston, Naimi told global energy executives that growing support for the freeze and stronger demand should over t..>> view originalViacom Pursuing Sale of Paramount Stake
"We have been approached by several potential strategic investors," CEO Philippe Dauman said during an investment conference Tuesday. Viacom shares surge as much as 5 percent. Viacom chairman and CEO Philippe Dauman has decided to consider a sale of a minority stake in Paramount Pictures to a strategic investor in a bid to help prop up the ailing media giant after a string of wrong-way moves that rippled the company's stock price. Dauman told analysts during an investor conferen..>> view originalPlastic in Snickers bar prompts Mars recall in 55 countries
FRANKFURT/LONDON Mars Inc has recalled chocolate bars and other products in 55 countries, mainly in Europe, due to choking risk after a piece of plastic was found in a Snickers bar in Germany.All of the recalled products, which include Mars, Snickers and Milky Way bars, were manufactured at a Dutch factory in Veghel, a Mars spokeswoman said on Tuesday. They were sold in European countries including Germany, France and Britain, and in certain countries in Asia.The recall, in effect since Monday..>> view original
Tuesday, February 23, 2016
Griffin out as Tribune Publishing CEO; Justin Dearborn named as replacement and other top stories.
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