Coverage: Ad giant places executive on leave after gender comments
Advertising giant Publicis Groupe has placed executive Kevin Roberts on leave following controversial comments he made that were dismissive of the raging debate over gender diversity on Madison Avenue. Suzanne Vranica of The Wall Street Journal had the news: In an interview with Business Insider published Friday, Mr. Roberts said the debate about gender equality is […]
Talking Biz News Today — Aug. 1, 2016
Some of Monday’s top business news stories: Associated Press Restriction on tap for Southern New England lobster fishery, by Patrick Whittle Aging workforce puts strain on skilled manufacturing workers, by Kathleen Ronayna Bloomberg Saudi Arabia oil demand growth at 6-year low as economy sputters, by Mohammed Sergie Chinese group to buy Caesars’ game unit for […]
Coverage: Amazon crushes Wall Street expectations
Online retailer Amazon.com Inc. reported second-quarter earnings that crushed Wall Street expectations, sending its stock higher in after-hours trading. Krystina Gustafson of CNBC.com had the news: The online retailer reported earnings per share of $1.78 adjusted, easily sweeping past expectations for $1.11, according to a Thomson Reuters consensus estimate. Revenue came in at $30.4 billion, also […]
Talking Biz News Today — July 29, 2016
Some of Friday’s top business news stories: Associated Press Amazon’s already large distribution empire keeps expanding, by Mae Anderson U.S. homeownership rate of 62.9 percent matches 51-year low, by Josh Boak Bloomberg American’s pilots says it flies “ragged edge” of flight rules, by Mary Schlangenstein Expedia scales back plans for new $1.2 billion Seattle campus, […]
Coverage: Facebook’s earnings beat expectations
Social media company Facebook reported second-quarter earnings on Wednesday that blew away Wall Street expectations due to rapidly rising ad revenues, sending its stock price skyrocketing. Jessica Guynn of USA Today had the news: The social-media giant has topped Wall Street estimates all but once since its May 2012 initial public offering. The secret to its nearly unblemished […]
Talking Biz News Today — July 28, 2016
Some of Thursday’s top business news stories: Associated Press Whole Foods’ sales fall again as competitors draw customers, by Candice Choi Fed’s more upbeat tone suggests rate hike as early as September, by Martin Crutsinger Bloomberg Exelon-ConEd deal shows hunger for hedging as plants struggle, by Mark Chediak Forrest Mars Jr., Mars’s billionaire co-owner, dies […]
Coverage: Apple’s profits fall, but stock price up on earnings beat
Earnings stories can be boring, but for a company like Apple Inc., its earnings coverage is closely read because of the company’s size and importance in the tech industry. Kif Leswing of Business Insider has the news from Tuesday after the markets closed: Apple stock jumped as much as 6.5% after the company reported earnings per share higher than […]
Talking Biz News Today — July 27, 2016
Some of Wednesday’s top business news stories: Associated Press Twitter still struggling to grow as rivals race ahead, by Michael Liedtke $15 billion Volkswagen emissions deal clears first hurdle, by Sudhin Thanawala Bloomberg Fed rate debate to intensify this week, by Matthew Boesler and Steve Matthews Pimco, Prudential say the next big buy in junk […]
Coverage: Ericsson hangs up on its CEO
Swedish telecom company Ericsson fired its chief executive officer on Monday after pressure from major shareholders unhappy with its results. Sven Nordenstam of Reuters had the news: Investment companies Investor AB and Industrivarden, with a combined 37 percent of voting rights, had voiced dissatisfaction with Ericsson’s performance, culminating in unprecedented public criticism in February. Ericsson, which is battling […]
Talking Biz News Today — July 26, 2016
Some of Tuesday’s top business news stories: Associated Press Arkansas execution drug likely from Pfizer unit, by Claudia Lauer EPA moves to regulate climate-warming airliner pollution, by Michael Biesecker Bloomberg Bear Stearns withheld details on financial condition, judge says, by Christian Berthelsen Gilead lowers 2016 net product sales forecast, shares fall, by Caroline Chen MarketWatch.com Apple […]
