Gadfly

A firsthand visit to many malls makes it clear that department stores are struggling — but not yet dead. The Expert Bloomberg Gadfly's Sarah Halzack. The Thesis The department store sector is certainly "not in good shape" as evidenced by the cumulative hundreds of store...

EBay Inc (NASDAQ: EBAY)'s status as being far from the largest player in the online space isn't stopping it from surviving amid much larger companies, Gadfly's Sarah Halzack said. In fact, eBay has much to offer in terms of advice for struggling offline retailers as it is showing tremendous "...

It is known that Amazon.com, Inc. (NASDAQ: AMZN) has plans to enter the furniture market and even the drug delivery market but quietly behind the scenes the online giant is preparing itself to enter the money lending space, Gadfly's Lisa Abramowicz reported. Over the past two years, Amazon'...

Many Wall Street analysts believe Nike Inc (NYSE: NKE)'s earnings report signaled that the company is undergoing a rough period in the North American market. The line of thinking continues: It will be short-term in nature, however, as the level of innovation remains strong with a compelling...

What happens to the CEO of a major corporation that suffered what could prove to be the most extreme data breach in history? In the case of Equifax Inc. (NYSE: EFX) CEO Richard Smith, then he will leave the company with a $7.6 million bonus, Gadfly's Stephen Gandel reported. Equifax confirmed...

Facebook Inc (NASDAQ: FB) announced last week that it will no longer proceed with a plan to create a new classification of company stock. While this resulted in the stock hitting a two-month low, it also signals that the company's directors aren't "villains," Gadfly's Shira Ovide said. Facebook...

Liliane Bettencourt, the world's richest woman and heiress to the conglomerate giant L'Oreal SA (ADR) (OTC: LRLCY), passed away Thursday at the age of 94. This raises the question of what will come next for the France-based L'Oreal; Bettencourt's family owns a 33 percent stake in L'Oreal while...

When analysts at Piper Jaffray downgraded Kellogg Company (NYSE: K), they highlighted an ongoing trend that could hurt food makers: Grocery stores are redesigning stores to decrease shelf space. Move aside, dry cereals; hello there, refrigerator-cased breakfast options! Needless to say, food...

Billionaire activist investor Nelson Peltz thinks Procter & Gamble Co (NYSE: PG)'s current business strategy is flawed, and he has the answers. But the company's management team disagrees and thinks that Peltz's massive 92-page white paper brings no new or credible ideas to the table. But P...

Despite Apple Inc. (NASDAQ: AAPL) boasting hundreds of billions of dollars on its balance sheet, the company is looking to tap the debt market for the seventh time this year alone. Apple is looking to raise $5 billion through a bond sale with various maturities of up to 30 years, Gadfly's Lisa...

If the White House is looking for advice on how to avoid leaks, then it shouldn't turn toward Wall Street. Prior to M&A announcements, details of the deal are more often than not leaked, Gadfly's Gillian Tan commented. Although to Wall Street bankers' credit, sometimes the leak does come from...

Investors and Wall Street have been speculating for quite some time that Tripadvisor Inc (NASDAQ: TRIP) is destined to be sold to a larger travel peer. But each time this rumor presents itself TripAdvisor remains a standalone company — but this time around its different, according to Gadfly's...

The best of the best aren't expected to win every time, and that applies universally, especially in corporate America. Consider for instance billionaire investor Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) who proposed an acquisition of a bankrupt utility company called...

Staples, Inc. (NASDAQ: SPLS) agreed to sell itself to the private equity giant Sycamore Partners for $10.25 per share in a transaction that values the retailer shy of $7 billion. Staples' stock has been trading in the discount bin relative to the $17 per share it traded at in 2015 before its...

Uber Co-Founder and CEO Travis Kalanick has seen his reputation take a hit as of late between sexual assault allegations, a work culture in complete disarray, an altercation with an Uber driver that showed his "pugnacious personality and short temper." As such, many speculated it was a...