Talking Biz News Today — May 31, 2019

Some of Friday’s top business news stories: Associated Press Why the US economy may have already peaked for the year, by Martin Crutsinger Uber’s Q1 losses reach $1B despite revenue growth, by Cathy Bussewitz Bloomberg JPMorgan agrees to record settlement in anti-dad bias case, by Josh Eidelson Icahn sues Occidental and threatens fight for board, sale, by Scott Deveau and Michael […]

Coverage: Abercrombie’s stock falls 25% on slow sales

Abercrombie & Fitch Co.’s shares fell 25% percent on Wednesday after the apparel company forecast second-quarter sales below estimates amid slowing demand for Hollister, a brand that has fueled company growth over the last two years. Uday Sampath Kumar of Reuters had the news: The company also said it would close three flagship stores, including a […]

Talking Biz News Today — May 30, 2019

Some of Thursday’s top business news stories: Associated Press Ethiopian pilot pleaded for training weeks before Max crash, by Bernard Condon Stock close lower, on track for first monthly loss of 2019, by Damian J. Troise and Alex Veiga Bloomberg U.S. wants T-Mobile to create new competitor as part of deal, by David McLaughlin, Scott Moritz and Nabila Ahmad The […]

Coverage: Sports Illustrated sells for $110 million

Sports Illustrated magazine has been sold for $110 million to a company that specializes in managing fashion, entertainment and sports brands, including marketing rights to Shaquille O’Neal and Muhammad Ali. Tali Arbel of the Associated Press had the news: The seller, Meredith Corp., will continue running the print edition and the website SI.com for at least […]

Talking Biz News Today — May 29, 2019

Some of Wednesday’s top business news stories: Associated Press Key challenges facing a Fiat Chrystler-Renault merger, by Colleen Barry and Angela Charlton Chinese tourism to US drops first time in 15 years, by Dee-Ann Durbin Bloomberg Uber bears already snatched up 70% of shares available to short, by Elena Popina Amazon is poised to unleash a long-feared purge […]

Coverage: Fiat Chrysler proposes merger with Renault

Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest automaker. Giulio Piovaccari and  Laurence Frost of Reuters had the news: If it goes ahead, the $35 billion-plus tie-up would alter the landscape for rivals including General […]

Talking Biz News Today — May 28, 2019

Some of Tuesday’s top business news stories: Associated Press Green parties’ gain could push climate action in Europe, by Frank Jordans World stocks rose as EU vote avoids worst case scenarios, by Elaine Kurtenbach Bloomberg Trudeau government gives notice it intends to approve new NAFTA deal, by Theophilos Argitis The world’s rarest cars on show at Lake Como, by Hannah […]

Coverage: Tesla shares rise as orders are up

Shares of Tesla Inc., suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up. Tom Krisher of the Associated Press had the news: The company’s stock closed up 1.4% to $195.49 on a volatile day that started out with a loss. Tesla stock has shed […]

Talking Biz News Today — May 24, 2019

Some of Friday’s top business news stories: Associated Press Trump pledges $16B to farmers, markets slump, by Paul Wiseman and Christopher Rugaber Facebook: Fake account removals double in 6 months to 3B, by Barbara Ortutay Bloomberg Almost 40% of Americans would struggle to cover a $400 emergency, by Matthew Boesler Luckin Coffee burns investors with 43% plunge form high after […]

Coverage: Lowe’s earnings disappoint, but online sales shine

Home improvement retailer Lowe’s Cos. posted disappointing earnings on Wednesday, but a surge in online sales reflected one bright spot for the company. Aine Cain of Business Insider had the news: Lowes.com saw a 16% jump in comparative sales, which Lowe’s CEO Marvin Ellison attributed to the chain’s commitment to refurbishing its online presence. Its same-store […]