6 Most Important Things in Business Today: A Buyout of Time Inc?

By Douglas A. McIntyre Updated Jan 12, 6:16AM EST · Published Nov 16, 5:19AM EST

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6 Most Important Things in Business Today: A Buyout of Time Inc? — © courtesy of Procter & Gamble Co.

Mattel Inc. (NYSE: MAT) has rejected a buyout offer from Hasbro Inc. (NYSE: HAS). Reuters reports:

Mattel’s rebuttal indicates that Margaret Georgiadis, who took over as the company’s chief executive in February, is seeking to drive a hard bargain in negotiations with Hasbro, even though Mattel’s stock has significantly underperformed that of Hasbro in the last year.

Activist Nelson Peltz won a seat on the Procter & Gamble Co. (NYSE: PG) board, strengthening his hand in a fight with management.

According to The Wall Street Journal, Volkswagen and SAIC Motor will build a $12 billion electric car plant in China. It is expected to be finished by 2025.

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A deal supported by the billionaire Koch brothers may allow publisher Meredith Corp. (NYSE: MDP) to buy Time Inc. (NYSE: TIME)

According to The New York Times, more and more states are trying to collect taxes from companies that sell their goods and services via Amazon.com Inc. (NASDAQ: AMZN).

A large number of Americans may face more expensive health care costs if a tax bill in Congress is passed. According to Bloomberg:

The Republican tax plans are suddenly looking a lot more like health-care bills, with provisions that may affect coverage and increase medical expenses for millions of families.

The House version of the tax bill, which President Donald Trump endorsed on Tuesday, would end a deduction that allows families of disabled children and elderly people to write off large medical expenses. The Senate plan would repeal the Obamacare requirement that most Americans carry insurance, a move that insurers promise would raise premiums in the nationwide individual insurance market.

The provisions would help offset the cost of large tax cuts for corporations and individuals. But the move has sparked a new wave of opposition from the health-care industry and others who are concerned about its impact — the same political headwinds that tanked Republican efforts to repeal the Affordable Care Act earlier this year.

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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.