Wal-Mart’s New Change is Making a Dash for it; Glassdoor’s Latest List Might Just Have You Rethinking Your Workplace; Mega Merger Round Two

 

A dash of this… 

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Big news from Wal-mart today. Huge news, in fact. The retail giant is changing its name… to Walmart. Are you stumped? Okay. Here’s a hint: The company is ditching the dash in its name. Or hyphen. Or line.  Or whatever you want to call that thingy in the middle of its name that’s been there since the retailer was incorporated back in 1969. And not that Wal-mart has anything against dashes, hyphens or lines, mind you. It’s just that Walmart, or Wal-mart, depending on how much you care about the dash, feels that legally changing its name to omit the dash emphasizes the fact that it sells merchandise both online and off. Got it? Neither do I. But I’m guessing Wal-mart must have done some hefty research to arrive at this conclusion. This conclusion being that if you want to give Amazon a run for its money then hyphens be damned. Apparently they don’t exactly scream out e-commerce leader and thus the little unassuming line will be getting the boot come February 1. And if you happened to have grown attached to the name “Wal-mart Stores,” then I have bad news for you. The company will also legally be droppping the word “stores” from its official name. And presumably there is research to support this move as well. Go figure.

How’s that cubicle looking?

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It’s that time of year again where you get to be reminded that you, in fact, do not work for a great company and it’s time to get off your butt and do something about it. Glassdoor did a little research via anonymous employee reviews and came out with a list of the top companies, according to their employees. And wouldn’t you know it – a social media company that goes by the catchy name of Facebook tops the list for the third year in a row. And if you think employees like working there just for all the amazing cafeterias then you’d be partly right. It seems the company’s mission-driven culture and impact on the world really resonates with its employees. Over at Bain & Company it’s all about company culture and competitive compensation packages. Which explains why the consulting firm came in at number two. Other names you know on the list: In-N-Out Burger takes spot number 4. Besides the tasty milkshakes and Double-Double burgers and fries employees enjoy on daily basis, they also get paid vacation time and 401(k) plans, among many many other perks. Google comes in at number 5 and I’m guessing the massages and excellent parental leave plans have something to do with that impressive ranking. Even yoga apparel maker Lululemon lands on the list at the number 6 spot. How zen. A newcomer to the list is St. Jude Children’s Hospital. Given the company’s mission, to help heal sick children, the company culture of literally trying to save as many lives as possible makes this a place where people love to work.  To see if your company made the cut or you just want to do a little research on where you’ll be applying for your next job, check out Glassdoor’s Best Places to work list.

Da-merger…

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Today’s mega healthcare merger is brought to us by UnitedHealth and DaVita, as the battle for healthcare dominance continues to make Wall Street swoon with all the billions involved. Not to be outdone by the $69 billion CVS Health/Aetna deal announced earlier this week, UnitedHealth Group has plans all its own for its nifty not-so-little unit called Optum. Optum is plunking down close to $5 billion in cash for another nifty entity called DaVita Medical Group, which is a subsidiary of the aptly named DaVita Inc.  Now, what’s so special about DaVita Medical Group that’s got UnitedHealth throwing billions at it? The company has hundreds of urgent care centers, surgery centers and medical clinics across the country that, besides providing invaluable services, also, presumably, bring in tons of cash.  Apparently, these mega-mergers are meant to benefit consumers by offering a host of services and benefits at lower costs than what companies can offer on their own. While the verdict’s still out on that bit, plenty of healthcare professionals are also waiting with bated breath to see if and how it will impact them, either positively or not. Until then I would advise you to just stay healthy.

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The Mouse is Going After the Fox; Dollar Wise for Fast Food; A Wrinkle in Allergan’s Plan

Fox-y mouse…

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Today’s juicy merger gossip is brought to you by Fox and Disney. Apparently, a deal is thisclose that will have Disney scooping up Fox’s studio and television production assets. The deal, which is rumored to be worth about $60 billion, will also include the acquisition of Fox’s stakes in Hulu and Sky. As for its news and sports division, Disney is taking a pass on those entities. But Disney isn’t the only one with its sights set on Fox. Comcast and Verizon are also trying to get in in some Fox action. It’s just that right now Disney seems to be getting the best crack at the media conglomerate. Wall Street seems to like the news considering it sent shares of Fox up over 3%. But the question you might be wondering about is why Disney even needs  $60 billion worth of Fox’s assets? Doesn’t it have more than enough of its own? Well,  yes, it does. However, in case you missed it, the entertainment industry is changing, with a big push towards streaming and direct to consumer models and believe it or not, picking up those particular assets over at Fox will give Disney a much much bigger global reach. And who couldn’t use some more global reach, right?

Bucking the trend…

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Fast food restaurants are engaged in a bloody dollar war. But that just means good news for consumers. McDonald’s is bringing back its dollar menu, which it ditched just four years ago because it didn’t pull down the kind of cash McDonald’s wanted to see. As for the term “dollar,” well that might be a bit generous in its definition. To be clear, the fast-food chain is offering the $1-$2-$3 Dollar Menu. If you’re in the mood for a sausage burrito, cheeseburger or any-size soft drink, well then, feel free to fish out that dollar bill that’s burning a hole in your wallet. Otherwise, prepare to shell out more. Not to be left out of the fast food fiscal fun, Burger King and Wendy’s are also trying to woo you with their version of “value” menus. But it’s Taco Bell that’s really taking aim at the Golden Arches with 20 items listed for just a dollar.  For McDonald’s, the cheapy menu is its answer to win back customers. The company apparently lost out on some “500 million transactions” because it didn’t have a value menu. Ironically, or not, Taco Bell’s dollar menu actually generated $500 million in sales. To make up for the lack of profitability that comes with McDonald’s having a value menu, the chain is expanding its “Signature Crafted Recipes” – which is really just code for more expensive menu items that will offset the value items.

A wrinkle in time…

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There’s a new Botox sheriff in town and Allergan doesn’t like it. Not one bit. Enter Revance Therapeutics Inc., a small biotech company that holds the formula for RT002, aka “the better, longer-lasting botox.” If it’s approved people can start sticking their faces with the stuff as early as 2020. Which is great news for everyone. Well, everyone except for Allergan, the pharmaceutical giant behind Botox, the original, whose stock fell over 4% on the news today. In fact, today Allergan hit its lowest price since 2013, after losing a third of its value in the last five months. And, while RT002 uses the same main ingredient for wrinkle reduction as Botox does, that being botulinum toxin Type A, it also uses the company’s proprietary peptide technology, which is apparently the reason why this particular formula lasts about a month longer than Botox.  In any event, Allergan wasn’t especially impressed by Revance’s new data released today and called it “underwhelming.” As for Allergan’s response, you could probably just call it sour grapes.