Media Navel Gaze: November 17, 2014
The Week Unpeeled
The best news story of the week was literally otherworldly when a robot of sorts made the first-ever landing on a comet and beamed back pictures to mere mortals on Earth, thanks to the French. Other otherworldly events starred Kim Kardashian (but not even going there #breaktheinternet).
- President Obama signed a "landmark" agreement with China last week to reduce greenhouse gas pollution;
- Warren Buffett buys Duracell;
- Oil trades below $75 a gallon;
- Goldman names 78 to partner, the second-smallest class on record since going public 15 years ago;
- Hasbro acquisition talks of DreamWorks breakdown;
- Halliburton in talks to buy Baker Hughes in a move no doubt tied to declining oil prices and may be the start of more consolidation;
- Stocks continued to make record highs with the Dow gaining 0.4% on the week to end at 17,634;
- High Art: Sotheby's and Christie's staged fall auctions in what has been called the "hottest two weeks ever in art history," selling more than $2 billion in works with headlines focused on Warhol's and Steve Cohen's $101 million purchase of a Giacometti sculpture; and
- Low Art: Duck Dynasty may hit the Great White Way as a musical.