Business
Time Magazine to be sold in for $2.8 million
Meredith approached Time again earlier this year, but those discussions also stalled when Meredith reportedly failed to secure enough bank financing for the acquisition. "I am proud of our accomplishments and thank the talented teams across the company for their extraordinary work, relentless commitment, and passion", Time Inc.
Business
United Kingdom launches post-Brexit industrial strategy
The pharma company - known as Merck & Co in the United States and Canada - also intends to move around 800 workers from its current headquarters in Hoddesdon, Hertfordshire, and says it is scouting out locations for the new site with the aim of starting operations in 2020.
Business
Small Business Saturday focuses on locally-owned stores
Deb Wood said she went out past year for Small Business Saturday and enjoyed the national event enough to come back with a group of friends. Andy Kimerling, one of the original owners of Westchester Road Runner, has been in business for nearly 40 years.
Business
Jeff Bezos Is Now Worth £100 Billion After Amazon Black Friday Sales
Bezos owns almost 80-million shares of Amazon stock, earning him $2.4 billion on Friday alone. Unlike the number two and three on the list of richest people in the world - Bill Gates and Warren Buffet, respectively - Bezos has given comparatively little to charity over the years.
Business
Fitch keeps South Africa's credit rating at junk
But it is not completely not out of the woods yet, with Fitch's peers S&P Global and Moody's due to give their own reviews later on Friday. In a statement on Friday released just after 11pm, S&P said the downgrade "reflects our opinion of further deterioration of South Africa's economic outlook and its public finances".
Business
Meg Whitman steps down as HP Enterprise CEO
Whitman said that at the time, HP was an "enormous conglomerate" that confused customers because it was selling too many disparate products: servers, printers, computers, software, and others. Whitman said she has no intentions of joining politics. In one tweet she wrote: "We have a lot of work still to do at HPE and I am not going anywhere".