Talking Biz News Today — Oct. 29, 2020
Some of Thursday’s top business news stories: Associated Press FBI warns ransomware assault threatens US healthcare system, by Frank Bajak General Electric’s 3Q adjusted profit surprises Wall Street, by Michelle Chapman CNN Boeing will lay off another 7,000 workers as losses mount, by Chris Isidore CEOs of Google, Twitter and Facebook grilled in Senate hearing, […]
Talking Biz News Today — Oct. 28, 2020
Some of Wednesday’s top business news stories: Associated Press T-Mobile offers up yet another TV streaming service, by Mae Anderson Social media CEOs to face grilling from Republican senators, by Marcy Gordon CNN Microsoft earnings beat expectations, driven by video game sales and cloud demand, by Shannon Liao, Clare Duffy AMD is buying a rival […]
Cloud services push Microsoft’s Q3 profits higher
Cloud computing and the Teams suit of services helped drive earnings higher for Microsoft during the third quarter. The Wall Street Journal’s Aaron Tilley reported: Microsoft Corp. MSFT 1.51% expects the pandemic-era surge in demand for cloud-computing services, videogaming and computers that delivered a solid quarter to persist at least through the rest of the […]
Talking Biz News Today — Oct. 27, 2020
Some of Tuesday’s top business news stories: Associated Press Fed up: California restaurants seek booze, health fee refund, by Michael R. Blood Dunkin’ shares hit all-time high after holding buyout talks, by Dee-Ann Durbin CNN Ant Group raises $34 billion in world’s largest IPO, by Sherisse Pham, Julia Horowitz Charles Schwab plans to lay off […]
Dunkin’ is negotiating a sale to Inspire Brands
Dunkin’ is in talks to sell its business to Inspire Brands, the owner of Jimmy John’s and Arby’s. Ameila Lucas from CNBC reported: Shares of Dunkin’ surged 15% Monday after the company confirmed sale talks with Inspire Brands, the privately held owner of Arby’s and Jimmy John’s. The New York Times, which broke the news […]
Talking Biz News Today — Oct. 26, 2020
Some of Monday’s top business news stories: Associated Press Virus is pummeling Europe’s eateries — and winter is coming, by Raf Casert Germany’s Bayer to buy US gene therapy specialist AskBio The Wall Street Journal Facebook Prepares Measures for Possible Election Unrest, by Jeff Horwitz, Deepa Seethamaran Apple’s Booming Services Business Could Be Hit in […]
Bayer buys gene therapy company for $4 bln
Pharma giant Bayer will buy U.S. biotech company Asklepios BioPharmaceutical for $4 billion as it forges deeper into gene therapy. Ludwig Burger reported the news for Reuters: Bayer BAYGn.DE agreed to acquire unlisted U.S. biotech firm Asklepios BioPharmaceutical Inc for as much as $4 billion in a bet on gene therapy with the help of […]
Talking Biz News Today — Oct. 23, 2020
Some of Friday’s top business news stories: Associated Press US jobless claims drop to 787,000, but layoffs remain high, by Christopher Rugaber Facebook, Twitter CEOs ordered to testify by GOP senators, by Marcy Gordon CNN Uber and Lyft must reclassify drivers as employees, appeals court finds, by Sara Ashley O’Brien Coke is canceling 200 drink […]
Court rules Uber, Lyft must reclassify drivers
Uber and Lyft have to reclassify their drivers as employees, an appeals court in California has ruled. Preetika Rana reported the news for the Wall Street Journal: Uber Technologies Inc. and Lyft Inc. must comply with an order that requires them to reclassify their drivers as employees, a California appeals court said Thursday, siding with […]
Purdue Pharma settles opioid case for $8B
Purdue Pharma has pleaded guilty to charges of marketing and distributing OxyContin and will pay more than $8 billion to settle with the Department of Justice. Sara Randazzo reported the news for the Wall Street Journal: Purdue Pharma LP agreed to plead guilty to three felonies related to its marketing and distribution of powerful painkiller […]
