5 Most Important Things in Business Today

By Douglas A. McIntyre Updated Jan 12, 6:23AM EST · Published Nov 13, 4:57AM EST

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5 Most Important Things in Business Today — © courtesy of Wal-Mart Stores Inc.

According to Reuters, Qualcomm Inc. (NASDAQ: QCOM) has made a plan to fend off a buyout offer from Broadcom Ltd. (NASDAQ: AVGO).

The new CEO of General Electric Co. (NYSE: GE) will drive a turnaround based on a limited number of the company’s businesses. According to The Wall Street Journal:

General Electric’s new leader plans to unveil a road map for the conglomerate that will focus on three of its biggest business lines—aviation, power and health-care—but stops short of a breakup.

The Wall Street Journal also reports that Wal-Mart Stores Inc. (NYSE: WMT) has created a new pricing plan to drive profits during the holidays. The paper’s editors report:

Wal-Mart wants to charge more to buy some products online than in stores, part of a move to boost profits and drive store traffic as it faces off with Amazon.

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The value of bitcoin has collapsed. According to Bloomberg:

Bitcoin slumped as the cancellation of a technology upgrade prompted some users to switch out of the cryptocurrency, spooking speculators who had profited from a more than 500 percent surge this year.

The cryptocurrency has dropped 5.6 percent since late Friday, and at one point extended its slide from last week’s record to as much as 29 percent. Bitcoin cash, a rival that split from the original bitcoin in August, has jumped 32 percent since Friday, according to data compiled by Coinmarketcap.com

Uber has a deal to get an infusion of money, some of which will be used to buy out current investors. According to Fortune:

Uber Technologies’ warring board members have struck a peace deal that allows a multibillion-dollar investment by SoftBank Group to proceed, and which would resolve a legal battle between former Chief Executive Travis Kalanick and a prominent shareholder.

Venture capital firm Benchmark, an early investor with a board seat in the ride-services company, and Kalanick have reached an agreement over terms of the SoftBank investment, which could be worth up to $10 billion, according to two people familiar with the matter.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.