Coverage: Papa John’s founder may sell 31% stake
After resigning from his company’s board of directors earlier this year, Papa John’s founder John Schnatter notified federal regulators this week that he’s open to selling his stake in the international pizza chain. Grace Schneider of the Louisville Courier Journal had the news: According to a U.S. Securities and Exchange Commission filing on Monday, Schnatter has enlisted unidentified financial advisers for […]
Talking Biz News Today — May 8, 2019
Some of Wednesday’s top business news stories: Associated Press Can US, China salvage their talks and end trade war? by Paul Wiseman Worsening US/China trade tensions rattle financial markets, by Alex Veiga Bloomberg Lyft signals no end to spending spree in first post-IPO results, by Eric Newcomer How the Apple store lost its luster, by Mark Gurman and Matthew Townsend […]
Coverage: Retailer Lord & Taylor is for sale
Hudson’s Bay Co. said it is pursuing strategic alternatives for Lord & Taylor, including a possible sale or merger of the department-store chain. Suzanne Kapner of The Wall Street Journal had the news: The discussions center on the operating business, not the real estate, which includes about 45 stores along the East Coast, a person familiar with the […]
Talking Biz News Today — May 7, 2019
Some of Tuesday’s top business news stories: Associated Press US plans to hike tariffs on Friday, says China broke promises, by Paul Wiseman and Joe McDonald A grim preview of trade war takes shape, by Matt Ott Bloomberg Anadarko accepts Occidental bid; Chevron has four days to react, by Rachel Adams-Heard and Kevin Crowley Two pillars of the stock market just became […]
Coverage: Unemployment is near a 50-year low
U.S. job growth surged in April and the unemployment rate dropped to the lowest in nearly half a century, pointing to sustained strength in economic activity even as last year’s massive stimulus from Republican tax cuts and spending increases fades. Lucia Mutikani of Reuters had the news: The Labor Department’s closely watched monthly employment report on […]
Talking Biz News Today — May 6, 2019
Some of Monday’s top business news stories: Associated Press Berkshire Hathaway investors worry about life after Buffett, by Josh Funk Atlantic City’s Ocean Casino is finally making money, by Wayne Parry Bloomberg One word grips the bond market before crucial inflation update, by Katherine Greifeld How do-gooder companies can score cheaper loans, by Jacqueline Poh Fortune How Nashville is […]
Why Yahoo Finance broadcasts the Berkshire annual meeting
P.J. Bednarski of Marketing Daily writes about why Yahoo Finance will broadcast the Berkshire Hathaway annual meeting this weekend. Bednarski writes, “The stream has gotten to be a major event for Yahoo Finance, which claims it snared 11.5 million streams in 2016 and 17 million in 2017, testament not only to the increase in streaming but […]
Talking Biz News Today — May 3, 2019
Some of Friday’s top business news stories: Associated Press Trump Fed choice Stephen Moore withdraws amid controversy, by Christopher Rugaber Karaoke, ax-throwing sites want to sell beer under Utah law, by Morgan Smith Bloomberg Someone did get to look at Trump’s tax returns: Deutsche bankers, by Greg Farrell Elon Musk makes $500 billion autonomy pitch to investors, by Dana […]
Coverage: Verizon is looking to sell blogging platform Tumblr
Verizon is seeking a buyer for Tumblr, the blogging platform it acquired along with other Yahoo assets in 2017. Chris Welch of The Verge had the news: On Thursday evening, Pornhub VP Corey Price claimed in a statement to BuzzFeed Newsthat his company is “extremely interested” in buying Tumblr and “very much looking forward to one day restoring […]
Coverage: Fed leaves interest rates unchanged
The Federal Reserve Board left its key interest rate unchanged Wednesday and signaled that it’s unlikely to either raise or cut rates in coming months amid signs of renewed economic health but unusually low inflation. Martin Crutsinger of the Associated Press had the news: The Fed left its benchmark rate — which influences many consumer and […]
