New York (CNN Business)Walgreens Boots Alliance became the most recent addition to the Dow Jones Industrial Average in June 2018, when it replaced struggling conglomerate General Electric (GE) in America's most famous stock market indicator. Its Dow tenure may be among the shortest. KKR (KKR) has approached Walgreens about taking it over, Bloomberg reported Monday. If Walgreens (WBA) winds up getting bought out, the deal could be the biggest leveraged buyout ever. That news follows a Reuters report last week that said Walgreens was talking to private equity firms about a sale. If such a deal happens, that would mean Walgreens would no longer be publicly traded. In that event, S&P Dow Jones Indices, which selects the stocks for the Dow and S&P 500, would choose a new company to replace Walgreens. S&P Dow Jones Indices was not immediately available for comment about any possible changes to the makeup of the Dow. KKR reportedly wants to buy Walgreens in the largest … [Read more...] about Walgreens could leave the Dow. What should replace it?
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Welcome to The Hill’s Morning Report. Happy Tuesday! Our newsletter gets you up to speed on the most important developments in politics and policy, plus trends to watch. Alexis Simendinger and Al Weaver are the up-early co-creators. Find us @asimendinger and @alweaver22 on Twitter and CLICK HERE to subscribe!House Democrats carried on with their impeachment inquiry into President TrumpDonald John TrumpFive landmark moments of testimony to Congress Lindsey Graham basks in the impeachment spotlight Democrats sharpen their message on impeachment MORE on Monday as they released transcripts of three witness interviews and prepare for public hearings to kick off on Wednesday.While Congress was out of session for the Veterans Day holiday, investigators released a transcript for their behind-closed-doors deposition of Laura Cooper, a top Defense Department official who oversees Ukraine, along with two other former aides to Kurt VolkerKurt VolkerTop diplomat said request for specific … [Read more...] about The Hill’s Morning Report – Witness transcripts plow ground for public impeachment testimony
close Video Andrew Pollack on fighting to stop mass shootings after losing his daughter in the Parkland school shooting Andrew Pollack on his efforts to stop mass shootings in schools and new book 'Why Meadow Died.' This is a rush transcript from "Your World," September 13, 2019. This copy may not be in its final form and may be updated. NEIL CAVUTO, ANCHOR: All right, thank you, Shepard, very, very much here. You're watching "Your World." As you might have heard a thing or two over the last hour and, of course, with a good deal of attention to Hollywood." "Desperate Housewives" star Felicity Huffman has been sentenced to 14 days in prison for paying $15,000 to rig her daughter's SAT scores, make them higher here, in a college admissions scandal that ultimately eclipsed dozens of key celebrities and boldface notable names, all of whom have been watching this case very, very closely. We are waiting for Felicity Huffman get outside that courthouse. She will be probably … [Read more...] about Andrew Pollack on fighting to stop mass shootings after losing his daughter in the Parkland school shooting
The scale of pay deals on offer in FTSE 100 boardrooms has been illustrated by the latest payout to Sir Martin Sorrell, who was awarded more than £40m in 2016 taking the total payout to the chief executive of marketing and advertising company WPP in the past five years to more than £200m. The long-term bonus payments to Sorrell were published alongside the latest pay deals at oil company Shell, which revealed its chief executive’s pay had risen 54% in 2016. Ben van Beurden received €8.6m (£7m) in 2016, taking his pay since he took the helm of the Anglo-Dutch company in 2014 to £35m. Major stock market listed companies are revealing the pay of their top executives at a time of renewed scrutiny of corporate Britain since the vote for Brexit and the warning by Theresa May that she would curb boardroom excess. Some companies have already heeded attempts by shareholders to respond to the political backdrop, notably Imperial Brands, the maker of Gauloises … [Read more...] about Sir Martin Sorrell’s £42m payout takes earnings to £210m in five years
As tech companies face increased scrutiny, Apple is putting a focus on user privacy and making changes to some of its most well-known products. At Monday's Worldwide Developers Conference, the company announced it's developing new protections for users, showed off updated versions of iOS, and said goodbye to iTunes. Below is an extended portion of their conversation: NORAH O'DONNELL: You spent a lot of time talking about privacy and security.TIM COOK: Yeah.O'DONNELL: Why?COOK: Because I think it's one of the most important issues of the century. We see privacy as a fundamental human right. And we're very worried that the place that we're all in right now is a place that has dire consequences. And you can see some of those that have played out over the last several years, and the awareness is building. But basically we want to give tools to users to protect their privacy. I mean, there is extraordinary amounts of detailed information about people, that I don't think should really exist, … [Read more...] about Tim Cook on tariffs, immigration and whether we spend too much time on our iPhones