Jane Fraser takes helm at Citi
Jane Fraser, the new CEO of Citi, has become the first woman to lead a major Wall Street bank. C Nivedita and Noor Zainab Hussain from Reuters reported: Citigroup Inc C.N named consumer banking head Jane Fraser as its next chief executive on Thursday, making her the first woman to lead a major Wall Street […]
LVMH drops plan to acquire Tiffany
Luxury goods conglomerate LVMH has dropped its $14.5-billion offer for Tiffany amid the fallout of the coronavirus pandemic and a threat of U.S. sanctions. The AP’s Anne D’Innocenzio reported: Luxury goods giant LVMH is ending its takeover deal of jewelry retailer Tiffany & Co., saying the French government had requested a delay to assess the […]
Talking Biz News Today — Sept. 10, 2020
Some of Thursday’s top business news stories: Associated Press Manufacturer Xxentria to relocate facility to New Mexico U.S. job postings rise to 6.6 million in July, by Paul Wiseman CNN Amazon is hiring 33,000 new employees with an average compensation package worth $150,000, by Alexis Benveniste Lucid Motors unveils line of super powerful electric sedans, […]
GM inks partnership deal with EV startup
GM has acquired 11% in EV and hydrogen vehicle startup Nikola in exchange for which it will supply the company with know-how and technology. Alexis Benveniste reported the news for CNN: General Motors and Nikola are teaming up to work on the Nikola Badger, a fully electric and hydrogen fuel cell electric pickup truck. The […]
Talking Biz News Today — Sept. 9, 2020
Some of Wednesday’s top business news stories: Associated Press Companies testing vaccines pledge safety, high standards, by Linda A. Johnson GM to make electric vehicle, supply batteries for Nikola, by Tom Krisher CNN Apple scheduled an event for next week, fueling iPhone 12 speculation, by Clare Duffy Peloton cuts the price of its most popular […]
Talking Biz News Today — Sept. 8, 2020
Some of Tuesday’s top business news stories: Associated Press As virus cases drop, governors may gamble on bars. Again., by Paul J. Weber Italy investigates Apple, Google, Dropbox over cloud storage CNN ‘Tenet’ finally hits US theaters with $20.2 million opening, by Frank Pallotta Amazon bans foreign seed sales in the US, after mystery packages […]
Verizon awards $6.6-bln 5G contract to Samsung
Verizon has picked Samsung to build a 5G infrastructure in a $6.6-billion deal. Dee-Ann Durbin reported the news for the AP: Samsung Electronics Co. will develop 5G network infrastructure for Verizon Communications under a $6.65 billion deal announced Monday. The contract runs through 2025, according to a Samsung corporate filing. Samsung and Verizon have worked […]
GM, Honda team up on future cars
GM and Honda have signed a preliminary partnership deal to work together on technology and vehicles. Ciara Linnane reported the news for MarketWatch: General Motors Co. and Honda Motor Co. Ltd. said Thursday they have signed a memorandum of understanding to create a strategic alliance in North America and will explore sharing platforms and propulsion […]
Talking Biz News Today — Sept. 4, 2020
Some of Friday’s top business news stories: Associated Press Jobless claims fall to 881,000 but layoffs remain elevated, by Paul Wiseman EPA chief pledges more cleanups, less focus on climate, by John Flesher CNN Juul to lay off more workers, considers exiting some international markets, by Clare Duffy Airbnb CEO: People are booking months-long stays, […]
Talking Biz News Today — Sept. 3, 2020
Some of Thursday’s top business news stories: Associated Press Business owners tap into savings to withstand pandemic, by Joyce M. Rosenberg Survey: US companies added just 428,000 jobs last month, by Christopher Rugaber CNN First toilet paper, then yeast. Now laptops are hard to find, by Clare Duffy United Airlines will furlough 16,000 employees, by […]
