Dennis Berman on Muck Rack

Dennis Berman Verified

New York, NY
Business Editor — Wall Street Journal

Wall Street Journal's Business Editor. Running coverage including tech, media, health, resources, retail, transport and beyond. Kentuckian.

A Radical Idea for Activist Investors — Activist investors are like UPS drivers. They turn in only one direction. By now, the activists' rise is remarkable for its sheer scale and ferocity, with some $119 billion placed in their hands. Last year, they pursued 343 companies, up 27% from the year before, according to FactSet.

GE Vice Chairman Rice Says GE Portfolio ‘Has Never Had More Clarity’ — One of the top leaders of General Electric Co., John Rice, said that the company has "never had more clarity in its portfolio," defining the U.S. stalwart as "a company of world-class infrastructure businesses and a smaller but very well-equipped financial-services business."

Ontario Pension Fund Leader Calls All Asset Classes ‘Expensive’ — The head of one of the world's largest pension funds said that across asset classes, "everything is expensive." Ron Mock, who leads Canada's $141 billion Ontario Teachers' Pension Plan, said that the plan would continue to seek out original and creative deals.

AT&T Reviewing DirecTV Unit’s Name — AT&T Inc. has put the name of its DirecTV unit under review, according to company chief executive Randall Stephenson. In an interview at the World Economic Forum in Davos, Switzerland, Mr. Stephenson said the U.S. telecommunications company is considering whether a name change-perhaps to a simple "AT&T"- makes sense for the country's...

L’Oréal CEO Says Strong Dollar Boosts Earnings — DAVOS, Switzerland-The chief executive of the world's largest cosmetics company, L'Oréal SA, said that a strong dollar and weak oil prices were boosting the French group's profit and revenue. In an interview at the World Economic Forum in Davos, Switzerland, Jean-Paul Agon said that the dollar's strength would flow directly to the bottom line of...

Marriott CEO Sees Positive Momentum in U.S. Economy — Marriott International CEO Arne Sorenson sounded an upbeat tone about the U.S. economy Wednesday, in an interview at the World Economic Forum in Davos, Switzerland. Mr. Sorenson said most Americans were underestimating the depth of the recovery under way in the U.S. "Momentum is building," he said, in large part because of the declining price of oil.

Low Oil Prices Affecting Maersk Oil Business, Helping Global Trade Volumes — Nils S. Andersen, the chief executive of shipping and infrastructure company Maersk Group, sounded a cautiously optimistic tone about the company's prospects in the face of falling oil prices. Maersk has significant operations in oil exploration, drilling and transport, and the recent drop in global prices has hit the company, Mr. Andersen said in an interview at the World Economic Forum in Davos, Switzerland.

Brenntag CEO Sees ‘Green Lights’ Across World Economies — Brenntag AG Chief Executive Steve Holland said in an interview with The Wall Street Journal that there were "green lights" across world economies, based on his views of chemical distribution around the globe. Brenntag, which distributes chemicals in 70 countries from more than 480 locations, continues to grow revenues as chemical supply chains consolidate and customers increase end demand.

Who Needs Amazon or Wal-Mart? China Cuts Out the Middleman — Wal-Mart and Amazon have become America's main conduits for cheap, mass-produced goods from China's factory floors. But who needs them anymore? I am holding in my hands a men's down jacket with fur trim, sent four days ago direct from a warehouse 67 miles west of Shanghai.

Will the New Congress Change the Tax Code? — For business, the most important postelection question is simple: Will there be corporate-tax reform or not? President Barack Obama wants it. Republicans want it. And businesses-which have no small influence in Washington-very much want it. That's why top lawmakers in Washington are talking about a nine-month "window" to make a deal.
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Jan 30, 2015

@ViaCorrado Of course. Chipotle has 1600 outlets. It would take ShakeShack getting to 650 stores to equal current McD's per-store value

Jan 30, 2015

Markets now value Shake Shack's 63 outlets at $27.6 million each. McDonald's 35,429 outlets? Worth $2.6 million per.

Jan 30, 2015

Breaking news: Daughter of "Tiger Mom" @amychua has gotten a tattoo. It's a physics symbol.

Jan 28, 2015

The McDonald's CEO was just fired. His goodbye: "It's tough to say goodbye to the McFamily, but there is a time and season for everything."

Jan 27, 2015

Apple just made $18 billion in 90 days, more than 435 firms in the S&P 500 each made - in total - since 2009.

Jan 27, 2015

February, 2005: The last quarter when Yahoo was making more than Google. Here's what's happened since.

Jan 14, 2015

The year 1985: A gallon of gas costs $2.55. The year 2015: A gallon of gas costs $2.54.

Jan 13, 2015

In 1985, a gallon of gas would cost you on average $2.55. In 2015, it costs $2.54.

Dec 30, 2014

"Are we creating a generation of companies whose behavior has been poisoned by easy capital?"

Dec 29, 2014

"Are we creating a generation of companies whose behavior has been poisoned by easy capital?"

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