Talking Biz News Today — Dec 10, 2020
Some of Thursday’s top business news stories: Associated Press US antitrust siege of tech widens with lawsuits vs Facebook, by Marcy Gordon, Michael R. Sisak Airbnb, resilient in pandemic, goes forward with IPO, by Dee-Ann Durbin CNN Falling sales, job losses and bankruptcies: Pain spreads across coal country, by Chris Isidore DoorDash soars 85% in […]
Federal government sues Facebook for monopoly
The U.S. federal government along with most states launched a twin anti-monopoly lawsuit against Facebook. CNN’s Brian Fung reported: Dozens of states and the federal government sued Facebook (FB) on Wednesday in twin antitrust lawsuits, alleging that the social media giant has abused its dominance in the digital marketplace and engaged in anticompetitive behavior. The […]
Talking Biz News Today — Dec 9, 2020
Some of Wednesday’s top business news stories: Associated Press Pfizer vaccine moves closer to getting the OK in the US, by Lauran Neergaard, Matthew Perrone Apple to tighten app privacy, remove apps that don’t comply, by Kelvin Chan CNN Automakers are still cranking out masks and other PPE as Covid roars back, by Peter Valdes-Dapena […]
Tesla to sell $5 bln in new shares
Tesla is raising $5 billion worth of new stock to take advantage of skyrocketing prices for its shares. CNBC’s Michael Wayland reported: Tesla on Tuesday unveiled a plan to raise $5 billion, its second such move in three months as the electric car maker cashes in on a meteoric rally in its shares this year. […]
Talking Biz News Today — Dec. 8, 2020
Some of Tuesday’s top business news stories: Associated Press Uber, hard-hit by pandemic, sells its robot-vehicle division, by Cathy Bussewitz, Michael Liedtke US credit card balances fall, though overall borrowing rises, by Christooher Rugaber CNN Investors can now trade water futures, by Anneken Tappe Ikea is killing off its catalog after 70 years, by Jordan […]
Uber bows to pandemic pressure, sells self-driving car business
Uber has agreed to sell its self-driving car business to a startup as the pandemic puts pressure on its core business. CNBC’s Jessica Bursztynsky reported: Uber’s self-driving unit, Advanced Technologies Group (ATG), is being acquired by its start-up competitor Aurora Innovation, the companies announced Monday. The deal, expected to close in the first quarter of […]
Talking Biz News Today — Dec. 7, 2020
Some of Monday’s top business news stories: Associated Press Lawmakers say COVID-19 relief bill won’t offer $1,200 checks, by Hope Yen Hartford Courant, oldest US newspaper, to close its offices CNN The pandemic boosted food delivery companies. Soon they may face a reality check, by Sara Ashley O’Brien Google widely criticized after parting ways with […]
Talking Biz News Today — Dec. 4, 2020
Some of Friday’s top business news stories: Associated Press Southwest warns nearly 7,000 workers of possible furloughs, by David Koenig Govt accuses Facebook of discriminating against US workers, by Marcy Gordon CNN Google unlawfully fired worker organizers, federal agency alleges, by Sara Ashley O’Brien 3M is cutting another 2,900 jobs, by Jordan Valinsky The Wall […]
Southwest warns of 6,800 furloughs
Southwest Airlines has warned it may have to furlough as many as 6,800 staff. Leslie Josephs from CNBC reported: Southwest Airlines on Thursday said it could furlough more than 6,800 employees — about 12% of its staff — citing what it called a “lack of meaningful progress” in cost-cutting negotiations with labor unions. Southwest like […]
Talking Biz News Today — Dec. 3, 2020
Some of Thursday’s top business news stories: Associated Press Fed reports slowing US economic activity due to virus surge, by Martin Crutsinger Hewlett Packard Enterprise to move headquarters to Texas CNN UPS places shipping cap on some of its largest retailers as holiday shopping booms, by Jazmin Goodwin Self-driving robotaxis are taking off in China, […]
