Talking Biz News Today — July 27, 2020
Some of Monday’s top business news stories: Associated Press As tide turns, retailers that resisted masks relent, by Anne D’Innocenzio Zuckerberg, Bezos, other tech CEOs testify on competition CNN Big chains filed for bankruptcy and closed stores every week in July. Here are 9 of them, by Jordan Valinsky Goldman Sachs agrees to a $3.9 […]
Talking Biz News Today — July 24, 2020
Some of Friday’s top business news stories: Associated Press Jobless claims rise as cutoff of extra $600 benefit nears, by Christopher Rugaber Movie theaters implore studios: Release the blockbusters, by Jake Coyle CNN Hearst Magazines President Troy Young resigns after allegations of inappropriate workplace behavior, by Kerry Flynn Lyft drivers accuse company of not providing […]
Disney delays blockbusters
Disney has delayed indefinitely the release of Mulan and has moved a couple of other blockbuster hopefuls back. CNN’s Frank Palotta reported: The coronavirus pandemic is now disrupting Disney’s release schedule for the next decade. All scheduled “Star Wars” and “Avatar” films between 2021 and 2027 are being pushed back one year, the company announced […]
Talking Biz News Today — July 23, 2020
Some of Thursday’s top business news stories: Associated Press Tesla makes $104M profit in 2Q despite factory shutdown, by Tom Krisher US sales of existing homes jump 20% after a 3-month slump, by Josh Boak CNN Microsoft earnings beat forecasts, thanks to demand for remote-work tools, by Clare Duffy Airlines appeal for coronavirus testing to […]
Tesla reports fourth quarterly profit in a row
Defying sceptics, Tesla reported its fourth consecutive quarterly profit, at $104 million, for March through June. Lora Kolodny reported the news for CNBC: Tesla just reported its second-quarter results. Shares rose more than 4% after hours as the company beat expectations and reported its fourth straight quarter of profits. Here’s how Elon Musk’s electric car […]
Talking Biz News Today — July 22, 2020
Some of Wednesday’s top business news stories: Associated Press United Airlines posts $1.6 billion loss in virus-scarred 2Q, by David Koenig With stadiums, theaters closed, Coke 2Q revenue plunges 28%, by Dee-Ann Durbin CNN Snap couldn’t hold onto its pandemic user bump, by Rishi Iyengar Former Morgan Stanley financial adviser charged with stealing $6 million […]
Coca-Cola reports 33% profit drop in Q2
Coca-Cola reported a 33% decline in profits for the second quarter but expects demand to rebound after the end of the lockdowns. Amelia Lucas reported the news for CNBC: Coca-Cola on Tuesday reported its largest decline in quarterly revenue in at least 30 years, but the company sees demand improving as global lockdowns ease. CEO […]
eBay sells classifieds business to Norwegian company
eBay has struck a deal with Norwegian Adevinta to sell it its classified ads business for $9.2 billion. Nerijus Adomaitis reported the news for Reuters: Ebay Inc (EBAY.O) has agreed to sell its classified ads business to Norwegian group Adevinta ADEV.OL in a deal worth $9.2 billion, creating the world’s largest classifieds group, the companies […]
Talking Biz News Today — July 21, 2020
Some of Tuesday’s top business news stories: Associated Press EU agrees on $2.1 trillion deal after marathon summit, by Raf Casert, Samuel Petrequin Head of the line: Big companies got coronavirus loans first, by Joyce M. Rosenberg CNN Synairgen shares soar 450% on Covid-19 treatment hopes, by Eoin McSweeney Chevron will buy Noble Energy for […]
Talking Biz News Today — July 20, 2020
Some of Monday’s top business news stories: Associated Press Thousands to walk off job to protest racial inequality, by Aaron Morrison Mnuchin urges swift aid bill; ex-Fed chairs want bigger deal, by Martin Crutsinger, Marcy Gordon CNN Twitter says some accounts had personal data stolen in massive hack, by Donie O’Sullivan, Brian Fung, Evan Perez […]
