Are you a business journalist on deadline with no idea what to write about? An editor with some space to fill? There are some stories that will work every time. How about this? Propose a spinoff that will never happen, like Amazon(AMZN) spinning off its web services business. Then, tell us why it won’t happen. Now, punch out,… Read More »
A few small hits for a tough New York Thursday (at least for us Mets fans): Era Group (ERA), the helicopter focused spinoff from Seacor (CKH), got hit hard this week on news that Petrobras (PBR) was dropping its helicopter transport services. With falling oil prices and the company under intense scrutiny amidst a seemingly ever growing corruption scandal,… Read More »
For years, a favorite speculation of the spinoff prognosticators has been that Amazon(AMZN) should spin off its fast growing Web Services business. These rumors have had little basis in reality. After all, Jeff Bezos does what he wants, and pays little heed to the whims of others. The buzz only intensified when Amazon recently began breaking out the… Read More »