Author: Irina Slav

Talking Biz News Today — May 12, 2020

Some of Tuesday’s top business news stories: Associated Press Virus unleashes wave of fraud in US amid fear and scarcity, by Ben Fox, Alan Suderman Bulging deficits may threaten prized Pentagon arms projects, by...

Talking Biz News Today — May 11, 2020

Some of Monday’s top business news stories: Associated Press Chinese investment in US drops to lowest level since 2009, by Paul Wiseman A distinct possibility: ‘Temporary’ layoffs may be permanent, by Christopher Rugaber CNN...

Neiman Marcus files for bankruptcy

Neiman Marcus is the latest victim of the Covid-19 crisis, filing for bankruptcy on Wednesday. Lauren Hirsch and Lauren Thomas reported the news for CNBC: Neiman Marcus, saddled with debt and hit by the...

Talking Biz News Today — May 8, 2020

Some of Friday’s top business news stories: Associated Press America’s business of prisons thrives even amid a pandemic, by Robin McDowell, Margie Mason Loan program is short-term fix, not cure-all, for businesses, by Joyce...

Uber to lay off 3,700

Uber will lay off 3,700 employees as it suffers Covid-19 blow. Lauren Feiner reported the news for CNBC: Uber said Wednesday it will lay off 3,700 employees and that CEO Dara Khosrowshahi will forgo...

Talking Biz News Today — May 7, 2020

Some of Thursday’s top business news stories: Associated Press April jobs data to show epic losses and soaring unemployment, by Christopher Rugaber US firms return virus loans as Treasury threatens penalties, by Marcy Gordon,...

Disney profit tumbles by $1.4 bln

Disney reported a $1.4-billion decline in profits for the first quarter mostly on the back of shut down theme parks. Munsif Vengattil and Lisa Richwine reported the news for Reuters: Walt Disney Co (DIS.N)...

Talking Biz News Today — May 6, 2020

Some of Wednesday’s top business news stories: Associated Press Where’s the beef? Production shutdown leads to shortages, by Dee-Ann Durbin Texas eases underground oil storage rules, raising concerns, by Cathy Bussewitz CNN Europe’s leading...

Talking Biz News Today — May 5, 2020

Some of Tuesday’s top business news stories: Associated Press Treasury says April-June borrowing will be a record $2.99T, by Martin Crutsinger Carnival Cruise Line plans to sail again starting in August, by Dee-Ann Durbin,...