Wall Street’s endless parade of buyouts and mergers, divisions and revisions has created a tangled landscape in which companies that are famous for one thing often own brands that are completely different — or even diametrical…
The 91-year old company was once the leading diversified industrial company, the product of hundreds of leveraged buyouts in the 1960s and ’70s. But its breakup is yet more proof that the conglomerate model makes little sense t…
Fortune Brands (FO), maker of Jim Beam whisky, plans to split into three separate units.
Fortune Brands will continue to focus on its distilled spirits business, the company said in a statement. Fortune’s home and security business will be spun off i…
By the time the world’s smartest investors tell the SEC what stocks they hold, most of the gains they were after are already priced in. But a few of the companies Warren Buffett, George Soros, and their billionaire buddies have…
Dozens of companies report earnings this week, and analysts surveyed by Thomson Reuters are anticipating lots of strong quarterly reports. Among those posting improved results should be Microsoft and Visa. However, likely to p…