UPS puts shipping limits on retailers
UPS has introduced shipping limits on several large retailers to be able to cope with the holiday online shopping rush. Paul Ziobro from the Wall Street Journal reported: United Parcel Service Inc. imposed shipping restrictions on some large retailers such as Gap Inc. GPS -3.37% and Nike Inc. this week, an early sign that the […]
Salesforce to buy Slack for $27.7 bln
Salesforce will buy Slack for $27.7 billion in what will be one of the biggest deals in the software industry. Ari Levy from CNBC reported: Salesforce is making the biggest acquisition in its 21-year history. The company announced on Tuesday that it’s buying chat software developer Slack for over $27 billion. Through a combination of […]
Talking Biz News Today — Dec. 2, 2020
Some of Wednesday’s top business news stories: Associated Press UK authorizes Pfizer coronavirus vaccine for emergency use, by Lauran Neergaard Salesforce buying work-chat service Slack for $27.7 billion, by Michael Liedtke, Matt O’Brien CNN Amazon sales surge during a record-breaking holiday shopping season, by Jordan Valinksy Big Tech’s stock market reign may finally be about […]
GM scraps plan to invest $2 bln in EV startup
GM has revised its plans to take a minority stake in EV startup Nikola, instead agreeing on a “supply partnership”. CNBC’s Michael Wayland reported: Shares of Nikola plunged during trading Monday after General Motors announced that it is giving up an equity stake in the electric truck start-up and the two said they are dropping […]
Talking Biz News Today — Dec. 1, 2020
Some of Tuesday’s top business news stories: Associated Press Zoom reports big 3Q gains, but slowing growth sinks stock, by Michael Liedtke GM rethinks planned stake in electric vehicle maker Nikola CNN DoorDash and Airbnb lead a parade of unicorn IPOs, by Paul R. La Monica Bitcoin hits an all-time high of just under $20,000, […]
Talking Biz News Today — Nov. 30, 2020
Some of Monday’s top business news stories: Associated Press With no action by Washington, states race to offer virus aid, by Cedar Attanasio, Julie Carr Smyth Disney to lay off 4,000 more employees amid pandemic CNN Amazon spends another $500 million on bonuses. Some of its workers are still going on strike, by Hanna Ziady […]
Talking Biz News Today — Nov. 27, 2020
Some of Friday’s top business news stories: Associated Press Black Friday offers beacon of hope to struggling stores, by Anne D’Innocenzio As economy struggles, Fed weighs boosting bond purchases, by Martin Crutsinger CNN Disney increases number of planned layoffs to 32,000 employees, by Hanna Ziady France orders Big Tech to pay digital tax despite threat […]
Talking Biz News Today — Nov. 25, 2020
Some of Wednesday’s top business news stories: Associated Press Left for dead, twice, RadioShack gets another shot online, by Matt Ott As virus cases spike, financial outlook for airlines dims CNN Tesla’s market value tops $500 billion for the first time, by Clare Duffy Amazon wins legal fight against eBay over alleged seller poaching, by […]
Talking Biz News Today — Nov. 24, 2020
Some of Tuesday’s top business news stories: Associated Press GM to recall 7M vehicles globally to replace Takata air bags, by Tom Krisher Employers start sending workers shopping for health coverage, by Tom Murphy CNN Enterprise is giving $120 million to improve racial equity, by Chauncey Alcorn Vaccine progress is trumping bad economic news, by […]
GM to recall 7 million cars on faulty airbag inflators
GM will recall some 7 million cars worldwide that contain potentially dangerous airbag inflators. David Shepardson reported for Reuters: General Motors Co will recall 7 million vehicles worldwide with potentially dangerous Takata air bag inflators after a U.S. safety agency said Monday it had rejected the Detroit automaker’s petition to avoid the callback. The recall […]
