LVMH sues Tiffany for failed merger
LVMH has filed a countersuit against Tiffany, disputing the jeweler’s claims LVMH was to blame for the breakdown of their $16-billion merger talks. Matt Clinch reported the news for CNBC: LVMH said Tuesday it had filed a countersuit against Tiffany in a bid to walk away from the $16.2 billion takeover that would have been […]
Talking Biz News Today — Sept. 28, 2020
Some of Monday’s top business news stories: Associated Press Federal judge postpones Trump ban on popular app TikTok, by Anne D’Innocenzio, Matt O’Brien Corps reinstates permits for natural gas pipeline project CNN Remote work could spell doom for your favorite dry cleaner and lunch spot, by Anneken Tappe Elon Musk criticizes OpenAI exclusively licensing GPT-3 […]
Talking Biz News Today — Sept. 25, 2020
Some of Friday’s top business news stories: Associated Press Fraud, backlogs disrupt US unemployment benefit payments, by Christopher Rugaber, Maryclaire Dale Justice Dept. expected to file antitrust action vs. Google, by Michael Balsamo, Marcy Gordon CNN Economists are growing more worried about the recovery. Blame Congress, by Matt Egan The world’s second biggest movie theater […]
Talking Biz News Today — Sept. 24, 2020
Some of Thursday’s top business news stories: Associated Press New SUV is next step in VW’s post-scandal electric offensive, by David McHugh, Tom Krisher Mars drops Uncle Ben’s, reveals new name for rice brand, by Alexandra Olson CNN Citi is spending $1.15 billion to help close America’s racial wealth gap, by Chauncey Alcorn Disney delays […]
California to ban new gasoline car sales from 2035
California will ban sales of new cars with internal combustion engines in favor of electric vehicles under a new executive order by Governor Gavin Newsom. Adam Beam reported the news for the AP: California will ban the sale of new gasoline-powered passenger cars and trucks in 15 years, Gov. Gavin Newsom announced Wednesday, establishing a […]
Musk promises $25,000 Tesla
Elon Musk says Tesla is working on a model that will cost just $25,000. Roberto Baldwin from Car and Driver reported: Elon Musk and Tesla powertrain and energy engineering leader Drew Baglino held the Tesla 2020 Battery Day announcements as an outdoor presentation, with the audience sitting in Tesla cars and honking horns to show […]
Talking Biz News Today — Sept. 23, 2020
Some of Wednesday’s top business news stories: Associated Press Nike shakes off pandemic blues with surging online sales Tesla CEO Elon Musk’s next big bet rides on better batteries, by Michael Liedtke, Tom Krishner CNN Premier Inn owner warns 6,000 jobs could go. UK pubs and restaurants brace for worse to come, by Hanna Ziady […]
Talking Biz News Today — Sept. 22, 2020
Some of Tuesday’s top business news stories: Associated Press Soaring wealth during pandemic highlights rising inequality, by Christopher Rugaber Bank shares slide on report of rampant money laundering CNN Tesla is on the cusp of a sales record, which could give Elon Musk another huge payday, by Chris Isidore Six months into the pandemic, the […]
Microsoft pays $7.5 bln for game-maker Bethesda
Microsoft has acquired video games company Bethesda in a $7.5-billion deal. Reese Oxner reported the news for NPR: In what is set to be one of the largest ever acquisitions in the video game industry, Microsoft announced Monday that it has reached a deal to acquire ZeniMax Media, the parent company of popular video game […]
Talking Biz News Today — Sept. 21, 2020
Some of Monday’s top business news stories: Associated Press California jobless rate falls with help of temporary jobs, by Adam Beam USDA plans additional $14B for farmers reeling from virus, by David Pitt CNN Judge temporarily blocks US WeChat ban, by Brian Fung People are ditching in-person financial services for apps, by Clare Duffy The […]
