Capital One is going all in with its recent announcement of its acquisition of Discover Financial Services for $35.3 billion in stock. Discover shareholders will receive slightly more than one share of Capital One stock for every share of Discover stock, which is about 27% higher than the current Discover price.
Tag: monopolistic competition
American Eagle Joins List of Clothing Retailers Reporting Bleak Earnings (Micro News for September 10, 2022 – September 16, 2022)
Clothing retailers, such as American Eagle, continue to report lower earnings and bleak outlooks. The industry is still struggling to figure out what consumers want post-pandemic. Inflation is also hitting pocketbooks and forcing consumers to make tough choices about consumption.
McDonald’s, Taco Bell and Burger King Heat Up Chicken Sandwich Wars (Micro News for March 7, 2021 – March 12, 2021)
February 2021 was a big month for the fast-food chains competing for the consumer dollars allocated to fried chicken sandwiches. Wendy’s, Taco Bell, McDonald’s, and Burger King all launched new versions of the fried chicken sandwich. The sandwiches are already offered by KFC, Shake Shack, and a host of other franchises.
Volkswagen and Audi are Starting to Challenge Tesla (Micro News for January 30, 2021 – February 5, 2021)
Volkswagen, the world's largest auto manufacturer, sold a little over 231,000 electric cars in 2020. This number is less that half of Tesla's 2020 sales, but it represents a 214% increase over Volkswagen's 2019 electric car sales. CEO of Volkswagen Passenger Cars, Ralf Brandstätter, stated the increase put the firm "well on track to achieve our aim of becoming the market leader in battery electric vehicles."
Pearson Economic News 