Talking Biz News Today — Oct. 22, 2020
Some of Thursday’s top business news stories: Associated Press OxyContin maker Purdue Pharma to plead to 3 criminal charges, by Michael Balsamo, Geoff Mulvihill Tesla posts net profit for fifth straight quarter, by Tom Krisher CNN Short-form video app Quibi is shutting down after just six months, by Frank Pallotta, Clare Duffy JPMorgan is taking […]
Washington sues Google for monopoly position
The Department of Justice has filed a lawsuit against Google for anticompetitive practices. Anthony Ha reported the news for TechCrunch: The suit accuses Google of “unlawfully maintaining monopolies in the markets for general search services, search advertising, and general search text advertising in the United States.” It’s co-signed by 11 states, all with Republican attorneys […]
Talking Biz News Today — Oct. 21, 2020
Some of Wednesday’s top business news stories: Associated Press Netflix reports a summer slump in subscriber growth, by Michael Liedtke, Barbara Ortutay From Detroit to Oakland, pandemic threatens urban renewal, by Tom Krisher, Michael Liedtke CNN The pandemic is speeding up automation, and 85 million jobs are on the line, by Hanna Ziady GM to […]
Talking Biz News Today — Oct 20, 2020
Some of Tuesday’s top business news stories: Associated Press Deadline looms, but COVID relief deal may be far off, by Andrew Taylor UK, EU inch toward more Brexit talks but hurdles remain, by Jill Lawless CNN America’s jobs market is in crisis — no matter who wins the election, by Anneken Tappe TSA tops 1 […]
Conoco buys Concho Resources for $9.7 bln
ConocoPhillips has struck a deal with Concho Resources to tie up their operations in a $9.7-billion all-stock deal. Cathy Bussewitz reported the news for the AP: ConocoPhillips is buying shale producer Concho Resources in an all-stock deal valued at $9.7 billion, making it a major presence in the Permian Basin, the top-producing oil field in […]
Talking Biz News Today — Oct. 19, 2020
Some of Monday’s top business news stories: Associated Press Vaccine storage issues could leave 3B people without access, by Lori Hinnant, Sam Mednick US resorts adapt to new normal of skiing amid pandemic, by Thomas Peipert CNN NASA and Nokia are putting a 4G network on the moon, by David Goldman Lockdowns in Europe are […]
Talking Biz News Today — Oct. 16, 2020
Some of Friday’s top business news stories: Associated Press US jobless claims rise to 898,000 with layoffs still high, by Christopher Rugaber GM to run robot cars in San Francisco without human backups, by Tom Krisher CNN Fisker finds a partner to make its electric Ocean SUV, by Peter Valdes-Dapena Robinhood says a ‘limited number’ […]
Talking Biz News Today — Oct. 15, 2020
Some of Thursday’s top business news stories: Associated Press Walmart to spread out deals to avoid Black Friday crowds, by Anne D’Innocenzio United loses $1.8 billion, aims to shift focus to recovery, by David Koenig CNN Goldman Sachs posts big jump in profits as market rebounds, by Paul R. La Monica Starbucks will link executive […]
Starbucks ties executive remuneration to diversity targets
Starbucks will tie executive pay to diversity targets that aim for a 30% share of diverse employees in its workforce on all levels. CNBC’s Amelia Lucas reported: Starbucks said Wednesday it is starting a mentorship program, piloting outreach workers in its cafes and tying team diversity to executive compensation as part of its broader plan […]
Talking Biz News Today — Oct 14, 2020
Some of Wednesday’s top business news stories: Associated Press Landlords are getting squeezed between tenants and lenders, by Anne D’Innocenzio JPMorgan, Citi profits improve amid signs of recovery, by Ken Sweet CNN IMF cuts its global economic forecasts for 2021 and warns of ‘long, uneven’ recovery, by Julia Horowitz Thousands of workers petition Amazon for […]
