Microsoft in talks to buy TikTok
Microsoft is negotiating the purchase of short video service TikTok despite President Trump’s threat to ban TikTok in the U.S. Clare Duffy reported the news for CNN: Microsoft says it is still discussing a potential purchase of TikTok, days after President Donald Trump said he would ban the popular short-form video app from operating in […]
Talking Biz News Today — Aug. 3, 2020
Some of Monday’s top business news stories: Associated Press Lord & Taylor is latest retailer to file for bankruptcy Microsoft confirms talks seeking to buy US arm of TikTok, by Cathy Bussewitz CNN 7-Eleven owner is buying Marathon Petroleum’s Speedway gas stations for $21 billion, by Kaori Enjoji NASA-SpaceX mission: Astronauts splash down after historic […]
Apple books higher-than-expected revenue
Apple beat analyst expectations for its latest fiscal quarter, reporting revenues of $59.7 billion. Lisa Eadicicco reported the news for Business Insider: Apple posted revenue of $59.7 billion for its fiscal third quarter, breezing past Wall Street’s muted expectations and showing growth across all product categories — including the iPhone. Shares of Apple were up […]
Talking Biz News Today — July 31, 2020
Some of Friday’s top business news stories: Associated Press Record economic plunge, bleak jobs numbers reveal virus toll, by Martin Crutsinger, Paul Wiseman Amid the pandemic, Big Tech reports mixed earnings, by Michael Liedtke, Matt O’Brien, Joseph Pisani, Tali Arbel CNN Amazon trounces earnings estimates despite spending $4 billion on coronavirus measures, Clare Duffy Lamborghini’s […]
GM swings to loss in Q2
General Motors booked a loss of $806 million for the second quarter, suffering the effects of factory closures prompted by the pandemic. Tom Krishner reported the news for the AP: Even though General Motors was able to reopen its U.S. factories for the last half of the second quarter, the company still lost $806 million […]
Talking Biz News Today — July 30, 2020
Some of Thursday’s top business news stories: Associated Press Fed sees dim economic outlook as virus squeezes economy, by Christopher Rugaber US energy use hit 30-year low during pandemic shutdowns, by Matthew Brown CNN Clarisonic is shutting down. Its devoted fans are panicking, by Parija Kavilanz Europe’s banks set aside billions more as they brace […]
Big Tech bosses face Congress scrutiny
The heads of the four largest tech companies in the world will today answer questions in a Congress hearing on possible anti-competitive practices. David Shepardson and Nandita Bose reported the news for Reuters: The chief executives of four of the world’s largest tech companies, Amazon.com Inc (AMZN.O), Facebook Inc (FB.O), Apple (AAPL.O) and Alphabet’s Google […]
Talking Biz News Today — July 29, 2020
Some of Wednesday’s top business news stories: Associated Press Struggling merchants, insurers battle over pandemic coverage, by Michael Liedtke US consumer confidence tumbles in July as COVID-19 spreads, by Martin Crutsinger CNN Google just changed the WFH game for everyone, by Kathryn Vasel The world’s ‘best department store’ is shedding 14% of its staff, by […]
Talking Biz News Today — July 28, 2020
Some of Tuesday’s top business news stories: Associated Press As Congress fights, analysts warn economy needs help now, by Christopher Rugaber Experimental COVID-19 vaccine is put to its biggest test, by Lauran Neergaard, Michael Hill, Jocelyn Noveck CNN Gold price hits record high on new fears for the economy, by Hanna Ziady Google will let […]
Moderna begins final-stage Covid-19 vaccine tests
Moderna and the National Institutes of Health yesterday began the final-stage tests of a vaccine candidate for the coronavirus causing Covid-19. Lauran Neergaard, Michael Hill, Jocelyn Noveck reported the news for the AP: The biggest test yet of an experimental COVID-19 vaccine got underway Monday with the first of some 30,000 Americans rolling up their […]
