Talking Biz News Today — July 17, 2020
Some of Friday’s top business news stories: Associated Press Netflix promotes content chief to co-CEO; adds 10M new subs, by Michael Liedtke, Tali Arbel CDC extends US ban on cruise ships through September CNN A nightmare scenario for farmers is happening right now, by Danielle Wiener-Bronner Instacart is suing Uber’s grocery delivery service Cornershop, by […]
Netflix posts another strong quarter, with 10 million new subscribers
Netflix reported 10 million new subscribers over the second quarter of the year but warned growth will slow down in the second half. The BBC reported: Netflix has seen a surge in sign-ups due to the coronavirus lockdown, but has warned investors that subscriber growth will slow. The streaming giant added more than 10 million […]
Talking Biz News Today — July 16, 2020
Some of Thursday’s top business news stories: Associated Press Biden, Gates, other Twitter accounts hacked in Bitcoin scam, by Michael Liedtke Fed survey says economy has picked up but outlook cloudy, by Martin Crutsinger CNN Nissan unveils its first electric SUV, the Ariya, by Peter Valdes-Dapena Apple wins appeal against $15 billion EU tax bill, […]
Apple wins tax appeal in EU
Apple has won a tax appeal case that will spare it from paying Ireland some 13 billion euro in back taxes. The BBC reported the news: Apple has been told it will not have to pay Ireland €13bn (£11.6bn) in back taxes after winning an appeal at the European Union’s second-highest court. It overturns a […]
Talking Biz News Today — July 15, 2020
Some of Wednesday’s top business news stories: Associated Press Banks set aside billions, bracing for more economic pain, by Ken Sweet Canada, US and Mexico poised to extend border restrictions, by Rob Gillies CNN Boeing got hit with a new wave of canceled plane orders, by Chris Isidore Wells Fargo lost $2.4 billion last quarter, […]
UK bans Huawei tech from 5G network
The UK government has ordered mobile companies to stop buying 5G equipment from China’s Huawei and remove any existing Huawei equipment from the network. Leo Kelion reported the news for the BBC: The UK’s mobile providers are being banned from buying new Huawei 5G equipment after 31 December, and they must also remove all the […]
One more EV startup joins the industry with $2.9-bln listing
Fisker, an electric car startup, will go public through a merger with private equity-backed Spartan Energy Acquisition. Michael Wayland reported the news for CNBC: Electric vehicle start-up Fisker is expected to go public through a merger with a company backed by private equity firm Apollo Global Management with a combined value of $2.9 billion, the […]
Talking Biz News Today — July 14, 2020
Some of Tuesday’s top business news stories: Associated Press US budget deficit hits all-time high of $864 billion in June, by Tom Crutsinger Google announces $10 billion ‘digitization’ fund for India CNN Tesla scraps plans for its bargain version of the Model Y, by Chris Isidore Food is a big deal at work. Here’s how […]
Chatham to acquire McClatchy
Hedge fund Chatham has made the winning bid for bankrupt publisher McClatchy. Ismail Shakil reported the news for Reuters: Hedge fund Chatham Asset Management’s bid succeeded in a court-supervised auction for bankrupt news publisher McClatchy Co MNIQQ.PK, the news company said on Sunday. The Miami Herald publisher said Chatham’s proposed deal, which needs a court […]
Talking Biz News Today — July 13, 2020
Some of Monday’s top business news stories: Associated Press Games maker Ubisoft shakes up staff amid misconduct probe As beach towns open, businesses are short foreign workers, by Michael Casey CNN Get ready for an awful earnings season, by Paul R. La Monica, Julia Horowitz Elon Musk just became richer than Warren Buffett, by Allison […]
