Macy’s prioritizes online sales, thinks smaller shops
Macy’s will bet big on online sales this holiday season and will also move away from malls into smaller outlets. Melissa Fares and Nivedita Balu reported the news for Reuters: Macy’s Inc (M.N) will drastically change how it does business this holiday season, executives said on Wednesday, placing a sharper focus on online sales and […]
Tesla eyes $5 billion from new stock sales
Tesla plans to sell up to $5 billion worth of its new, split stock in several offerings. Dave Sebastian reported the news for the Wall Street Journal: Tesla Inc. TSLA -4.67% said it planned to raise up to $5 billion through stock offerings from time to time as the electric-vehicle maker, which has enjoyed a […]
Talking Biz News Today — Sept. 2, 2020
Some of Wednesday’s top business news stories: Associated Press Black former franchisees sue McDonald’s for discrimination, by Dee-Ann Durbin Zoom stock surges, market value tops Boeing, Starbucks CNN Tesla looks to raise $5 billion by selling more of its red-hot stock, by Paul R. La Monica The airline industry could shrink by half to survive, […]
Talking Biz News Today — Sept. 1, 2020
Some of Tuesday’s top business news stories: Associated Press Amazon wins FAA approval to deliver packages by drone, by Joseph Pisani Delta, American join United in dropping most US change fees, by David Koenig The Wall Street Journal Zoom Again Lifts Full-Year Outlook as Sales Surge During Pandemic, by Kimberly Chin Walmart Tries Again to […]
Talking Biz News Today — Aug. 31, 2020
Some of Monday’s top business news stories: Associated Press United says it will drop widely scorned ticket-change fees, by David Koenig Fad or future? Telehealth expansion eyed beyond pandemic, by Ricardo Alonso-Zaldivar CNN These businesses are making more money because Americans are staying home, by Alexis Benveniste These retailers filed for bankruptcy in August. Here’s […]
United drops ticket change fees
United Airlines has dropped fees on ticket changes to encourage more bookings. Tracy Rucinski reported the news for Reuters: United Airlines (UAL.O) said on Sunday it is permanently eliminating change fees on tickets for U.S. travel effective immediately, the latest effort by a U.S. airline to try to stimulate bookings hit by the coronavirus pandemic. […]
Talking Biz News Today — Aug. 28, 2020
Some of Friday’s top business news stories: Associated Press Fed: Rates to stay ultra-low even after inflation picks up, by Martin Crutsinger Walmart joins Microsoft in bid for video app TikTok, by Joseph Pisani, Zen Soo CNN Lord & Taylor is closing all of its stores after 194 years in business, by Jordan Valinsky 90% […]
Another million file jobless claims
More than a million Americans filed for unemployment benefits last week in the latest sign that economic recovery remains elusive. CNN’s Anneken Tappe reported: Another 1 million American workers filed for first-time unemployment benefits last week on a seasonally adjusted basis, the Labor Department reported Thursday. The report met economists’ expectations, and was a small […]
Talking Biz News Today — Aug. 27, 2020
Some of Thursday’s top business news stories: Associated Press TikTok CEO resigns amid US pressure to sell video app, by Zen Soo Google location-tracking tactics troubled its own engineers, by Michael Liedtke CNN This tiny electric car could cost just $10,000 in the US. But there are tradeoffs, by Peter Valdes-Dapena The office is dead. […]
TikTok CEO resigns
Kevin Meyer, who became chief executive of TikTok has resigned just three months after taking office. Zen Soo reported for the AP: TikTok CEO Kevin Mayer resigned Thursday amid U.S. pressure for its Chinese owner to sell the popular video app, which the White House says is a security risk. In a letter to employees, […]
