Talking Biz News Today — Feb. 21, 2019
Some of Thursday’s top business news stories: Associated Press Minutes show Fed officials noted number of rising threats, by Martin Crutsinger Southwest grapples with new revenue and labor problems, by David Koenig Bloomberg Lyft plans to file for IPO as soon as next week, by Eric Newcomer The most mindnumbing of office tasks made one man $360 million, […]
Coverage: Walmart earnings show strong consumer spending
Walmart Inc. posted its strongest holiday quarter in at least a decade on Tuesday, boosted by higher grocery and e-commerce sales, and said it saw no signs of weakness in U.S. consumer spending despite recent signs of a slowdown. Nandita Bose of Reuters reported the news: Online sales jumped 43 percent in the quarter helped in […]
Talking Biz News Today — Feb. 20, 2019
Some of Wednesday’s top business news stories: Associated Press I owe how much? Americans shocked by impact of new tax law, by Sarah Skidmore Sell US stocks bounce back from wobbly start to extend gains, by Alex Veiga Bloomberg Tesla to make about 500,000 cars this year, by Ville Heiskanen Self-driving cars might kill auto insurance as we […]
Coverage: The FAA is investigating Southwest over baggage weight issues
Federal air-safety regulators are investigating Southwest Airlines Co. for widespread miscalculation of the total weight of checked bags loaded onto each of its flights. Andy Pasztor of The Wall Street Journal had the news: The Federal Aviation Administration’s yearlong civil probe, the documents show, found systemic and significant mistakes with employee calculations and luggage-loading practices, resulting in potential discrepancies […]
Talking Biz News Today — Feb. 19, 2019
Some of Tuesday’s top business news stories: Associated Press Amazon aims to cut its carbon footprint, by Joseph Pisani Honda to shut UK plant, imperiling 3,500 jobs, by Jill Lawless Bloomberg Crispin Odey is shorting the pound again, by Nishant Kumar Stocks, commodities climb as trade optimism builds, by Todd White and Aline Oyamada Fortune New Zealand wants to tax online […]
Coverage: Payless ShoeSource is closing all of its 2,100 stores
Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have closed down in the last year. Anne D’Innocenzio of the Associated Press had the news: The Topeka, Kansas-based chain said Friday it will hold liquidation […]
Talking Biz News Today — Feb. 18, 2019
Some of Monday’s top business news stories: Associated Press World stocks mostly rise ahead of more US-China trade talks, by Annabelle Liang China seizes $1.5 billion in online lending crackdown, by Joe McDonald Bloomberg HP in danger is losing key witness ahead of $5.1 billion trial, by Jonathan Browning Norwegian Air shares plunge during bid […]
Coverage: Amazon drops plans for New York hub
Amazon.com Inc. abruptly scrapped plans to build a major outpost in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by state and city politicians. Jonathan Allen and David Shepardson of Reuters had the news: The company said on Thursday it did not see consistently […]
Talking Biz News Today — Feb. 15, 2019
Some of Friday’s top business news stories: Associated Press Trump Org scraps plans for two hotel chains, blaming politics, by Bernard Condon Average tax refunds fall, creating political flashpoint, by Marcy Gordon Bloomberg Warren Buffett doubles down on big banks as Berkshire trims Apple stake, by Katherine Chiglinsky and Ben Foldy These are the signs a U.S. recession may be […]
Coverage: Cisco shares rise after earnings beat
Cisco Systems shares rose in extended trading on Wednesday after the manufacturer of networking equipment reported quarterly revenue and earnings that beat analysts’ estimates. Jordan Novet of CNBC.com had the news: Here are the key numbers for Cisco’s fiscal second quarter: Earnings: 73 cents per share, excluding certain items, vs. 72 cents per share as expected by analysts, […]
