According to the New York Times, the end of Barney’s, the famed department store, involved executives crisscrossing the globe, all-night strategy sessions, last-minute alliances, and attempts to sway public opinion. However, all these attempts led to bankruptcy.
What happened to Barney’s in bankruptcy court?
How many full-time employees will be affected?
Gene Pressman, a member of Barney’s founding family, thought about buying the store, but what issue prevented him from buying it?
What firm is known for buying the intellectual property of flailing retailers and was the major buyer of Barney’s?
What does the company in Question 4 do with the intellectual property? How do you think the buyer should record this in the accounting records?
According to the New York Times, Google said on Nov. 1 that it is acquiring Fitbit, the maker of fitness-tracking devices, for $2.1 billion to close the gap with Apple in the growing market for wearable electronics and to add muscle to its expanding hardware business.
Why is the deal is likely to face regulatory scrutiny? On what basis?
How old is the Fitbit company?
What product is a direct competitor to FitBit?
What is the market share of FitBit versus its direct competitor identified in question 3?
If Google fails to secure permission from the SEC to buy FitBit, how much will it have to pay FitBit?
If you were Google’s CFO, how would you account for the amount of money pledged in Question No. 5 above?
According to the Washington Post, two Southwest Airlines pilots allegedly hid a camera in a plane’s lavatory and live-streamed the video to an iPad mounted on the windshield of the cockpit aboard a flight, according to a lawsuit filed by a flight attendant.
What type of suit is this?
When did this incident happen?
Despite the question about employment status of the pilots, who is ultimately hurt by these actions?
Could there potentially be additional lawsuits related to this incident?
According to The Earth Island Journal, New York prosecutors working for then-Attorney General Eric Schneiderman issued their first subpoenas in 2015 to Exxon, claiming that the oil giant used two sets of books and misled investors by downplaying the potential costs of carbon emissions. Next week, the case is actually coming to trial.
Is this a criminal or civil case and what is the difference?
According to the article, what did the two sets of books hide in terms of dollars?
Why does a lawyer from the Center for International Environmental Law expect to see more of these type lawsuits?
In order to prevail, what will prosecutors have to prove?
According to the WSJ, General Electric Co. said it was freezing its pension plan for about 20,000 U.S. workers and offering pension buyouts to 100,000 former employees, as the conglomerate joins the ranks of U.S. companies phasing out a guaranteed retirement.
Who is the CEO?
The video said the CEO has been aggressive. What has he done to help cash flow?
How does this Pension cut help?
Briefly explain the transparency problem that GE has.
Explain how lump-sum payments to about 100,000 former employees, who haven’t started collecting monthly pension payments, will help the business.