Elizabeth Holmes of Theranos faces decades in prison

Legal documents are notoriously dull. But the June 14 US Department of Justice indictment (pdf) of ex-Theranos chiefs Elizabeth Holmes and Ramesh “Sunny” Balwani is an engaging exception to this rule. Indeed, it’s a bloody good read. In it, federal prosecutors neatly outline the duo’s riveting scheme to dupe investors, doctors, patients, the press, and…

Continue Reading →

Comcast and Disney should stop fighting over Fox and split it up — but they probably won’t

So even though both companies want Fox’s assets for different reasons, and are willing to divest similar unwanted parts like regional sports networks, both companies are now fighting for the whole bundle of assets, including cable stations FX and Nat Geo and Endemol Shine Group. There are personal relationships at play here, too. Don’t forget…

Continue Reading →

Exxon Doubles Down on Oil

In the late 19th century, inventors including Thomas Edison created electric lighting that all but ended demand for kerosene, then the biggest product made from petroleum. Oil magnate John D. Rockefeller, the forefather of Exxon Mobil Corp., was unmoved, seeing any price dip as a chance to buy up competitors. “We must try and not…

Continue Reading →