Business and Commerce

Jeff Kagan | |

Word is Comcast is thinking about entering the small business market with Xfinity Mobile. Let’s take a closer look at what that means, both good and bad.

Comcast saw the writing on the wall a decade ago that the cable TV industry was changing. Now that the transformation is fully underway, the Comcast growth strategy is a little confusing.

Reuters | |

Apollo Global Management Inc said on Monday it will merge with Athene Holding Ltd in an $11 billion all-stock deal, bringing in-house an annuities provider that helped turned it into one of the world’s largest corporate credit investors.

Apollo has been getting paid lucrative fees by Athene, in which it currently holds a 27% stake, for more than a decade, providing asset allocation services and directly managing a portion of Athene’s assets across its investment platform, primarily in its ever-expanding credit business.

Reuters | |

Aircraft leasing is on the brink of its biggest shake-up in almost a decade as its top two players AerCap and General Electric’s GECAS discuss a deal to forge an industry titan with over 2,000 jets, financial sources said on Monday.

Negotiations for a tie-up follow years of speculation over the sale of GECAS and come as COVID-19 is expected to shift more of the world’s passenger aircraft fleet into the arms of the leasing industry, which already takes about half of Airbus and Boeing deliveries.

Reuters | |

Panasonic Corp will buy U.S. supply-chain software firm Blue Yonder for 700 billion yen ($6.45 billion), in the Japanese electronics firm’s biggest acquisition since 2011, The Nikkei reported on Monday.

Panasonic, which bought a 20% stake in Blue Yonder for 86 billion yen last year, is in the final stages of acquiring the rest of the stock from shareholders including Blackstone Group Inc, The Nikkei said, without saying where it obtained the information.

Reuters | |

The Federal Reserve announced Monday it was extending by three months to June 30 an emergency liquidity facility meant to help lenders extend relief to small businesses under the Paycheck Protection Program.

Kimberly Redmond | |

General Motors Company is looking to build a second battery factory in the US with South Korean joint-venture partner LG Chem.

According to reports, GM and LG Chem are “in advanced talks” with Tennessee officials to build “a state of the art battery cell manufacturing plant” near the automaker’s existing assembly plant in Spring Hill, one of three sites GM has designated to build electric vehicles.

Kimberly Redmond | |

Twitter chief executive officer Jack Dorsey’s payments processing company Square Inc (NYSE: SQ) agreed to buy a majority ownership stake in Tidal, an artist-led music and video streaming service partially owned by rapper Shawn “Jay-Z” Carter.

Under the deal announced Thursday, Square will pay $297 million in cash and stock for Tidal and Jay-Z will be named to Square's board of directors.

Reuters | |

Chevron Corp said on Friday it would buy the shares of Noble Midstream Partners LP it does not already own in an all-stock deal that values the pipeline operator at $1.32 billion, a month after making a slightly smaller offer.

Noble Midstream’s unitholders will get 0.1393 Chevron shares for each unit held under the new agreement, Chevron said.

Kimberly Redmond | |

During a time when many retail chains are shuttering locations, Dollar Tree said it plans to open 600 new stores this year in response to continued demand for discount shopping amid the COVID-19 pandemic.

On Wednesday, the company said 400 of the new stores will be Dollar Tree stores, and 200 of the locations will be Family Dollar stores.

Kimberly Redmond | |

Chipotle Mexican Grill Inc (NYSE: CMG) announced Thursday that executive compensation will be tied to hitting company-set goals for improving internal diversity and sustainability.

Starting this year, 10% of company executives’ annual bonuses will be based on their progress toward achieving these targets, CNBC reported.