Talking Biz News Today — Aug. 11, 2020
Some of Tuesday’s top business news stories: Associated Press US employers post more jobs in June, pull back on hiring, by Christopher Rugaber Health officials are quitting or getting fired amid outbreak, by Michelle R. Smith, lauren Weber CNN Court orders Uber, Lyft to reclassify drivers as employees in California, by Sara Ashley O’Brien Barry […]
Judge orders Uber, Lyft to classify drivers as employees
A judge in California told Uber and Lyft to reclassify their drivers from independent contractors to employees. Bobby Allyn reported the news for NPR: A California judge has ordered Uber and Lyft to reclassify their workers from independent contractors to employees with benefits, a ruling that could be consequential for gig economy workers if it […]
Talking Biz News Today — Aug. 10, 2020
Some of Monday’s top business news stories: Associated Press Pandemic wrecks global Class of 2020′s hopes for first job, by Kelvin Chan Profit up 87% at Buffett’s firm, but virus slows businesses, by Josh Funk CNN Does BP’s conversion signal the end of Big Oil?, by Julia Horowitz The reality of the US jobs rebound: […]
Talking Biz News Today — Aug. 7, 2020
Some of Friday’s top business news stories: Associated Press Trump bans dealings with Chinese owners of TikTok, WeChat, by Tali Arbel July US jobs report is expected to point to hiring slowdown, by Christopher Rugaber CN Facebook will let employees work from home until July 2021, by Rob McLean Nintendo profit jumps more than 400% […]
Trump slaps ban on TikTok, WeChat
President Trump has issued a ban on U.S. transactions with ByteDance, the Chinese owner of app TikTok, and Tencent, owner of WeChat. David Shepardson and Alexandra Alper reported the news for Reuters: U.S. President Donald Trump on Thursday unveiled sweeping bans on U.S. transactions with China’s ByteDance, owner of video-sharing app TikTok, and Tencent (0700.HK), […]
Talking Biz News Today — August 6, 2020
Some of Thursday’s top business news stories: Associated Press Toyota’s profit plunges as pandemic halves vehicle sales, by Yuri Kageyama Bank of England holds off more stimulus, sees slow recovery CNN L’Oreal workers are worried they could lose their jobs if they don’t return to the office, by Chloe Melas Kodak is reportedly under SEC […]
Talking Biz News Today — Aug. 5, 2020
Some of Wednesday’s top business news stories: Associated Press Virgin Atlantic airline files for US bankruptcy protection Ex-Google exec sent to prison for stealing robocar secrets, by Michael Liedtke CNN EU launches antitrust probe into Google’s Fitbit takeover, by Hadas Gold Ford turns to a ‘car guy’ to lead the company into the future, by […]
Disney books $5-bln loss in Q2
Disney reported a loss of nearly $5 billion for the second quarter as national lockdowns kept its theme parks closed. Curtis Tate reported the news for USA Today: The Walt Disney Company lost nearly $5 billion April, May and June, while its theme parks were shut down due to the coronavirus pandemic, according to a […]
Talking Biz News Today — Aug. 4, 2020
Some of Tuesday’s top business news stories: Associated Press Google buys $450M stake in ADT to give Nest a new perch, by Michael Liedtke Trump fires TVA chair, cites hiring of foreign workers, by Zeke Miller CNN These companies are working from home until 2021 — or forever, by Alexis Benveniste Stimulus talks have stalled. […]
GM rekindles legal spat with Fiat Chrysler
GM has approached a federal judge with a request to reinstate a case against Fiat Chrysler alleging bribery of GM employees and union members claiming new evidence. Nick Carey and Sanjana Shivdas reported the news for Reuters: General Motors Co on Monday asked a U.S. federal judge to reinstate a racketeering lawsuit against Fiat Chrysler […]
