Talking Biz News Today — June 19, 2020
Some of Friday’s top business news stories: Associated Press Persistently high layoffs suggest a slow US economic rebound, by Christopher Rugaber ‘Adapt or die’ — Restaurants find ways to evolve amid virus, by Mark Kennedy CNN Ford’s electric Mustang will offer hands-free driving technology next year, by Peter Valdes-Dapen A new threat to global trade: […]
PepsiCo retires Aunt Jemima brand
PepsiCo said it will stop using the Aunt Jemima brand because of racism-related criticism. Other food companies are reviewing their brands. Martinne Geller reported the news for Reuters: PepsiCo Inc (PEP.O) said on Wednesday it will change the name and brand image of its Aunt Jemima pancake mix and syrup, dropping a mascot that has […]
Talking Biz News Today — June 18, 2020
Some of Thursday’s top business news stories: Associated Press Administration seeking to roll back tech company protections, by Michael Balsamo, Marcy Gordon Hertz suspends plans for $500M stock sale pending SEC review, by Alex Veiga CNN Tesla’s new Model S can get 400 miles on a charge. Here’s why that may not matter, by Peter […]
Talking Biz News Today — June 17, 2020
Some of Wednesday’s top business news stories: Associated Press Trump administration takes Keystone dispute to Supreme Court US expects insurers to cover COVID vaccine without copays, by Ricardo Alonso-Zaldivar CNN European antitrust officials are investigating Apple Pay and the App Store, by Hadas Gold Tesla could soon open another factory in the United States, by […]
U.S. retail sales jump more than expected in May
Retail sales in the United States posted better than expected performance in May, sparking hopes for a quick recovery. Josh Boak and Anne D’Innocenzio reported the news for the AP: American shoppers ramped up their spending on store purchases by a record 17.7% from April to May, delivering a dose of energy for retailers that […]
Talking Biz News Today — June 16, 2020
Some of Tuesday’s top business news stories: Associated Press Many businesses ask customers, workers to waive legal rights, by Tom Krisher, Mark Sherman T-Mobile says it’s working to fix widespread network issues, by Tali Arbel CNN Fortune 500 loses another woman CEO: Lockheed Martin’s Marillyn Hewson, by Jeanne Sahadi Next year could usher in a […]
Bezos to testify in Congress in antitrust probe
Amazon’s Jeff Bezos has agreed to testify to Congress amid an ongoing legislative investigation into antitrust practices by the tech industry. CNN’s Brian Fung reported the news: Amazon CEO Jeff Bezos is willing to testify before House lawmakers who are probing the tech industry for potential antitrust violations, according to a letter sent by the […]
Talking Biz News Today — June 15, 2020
Some of Monday’s top business news stories: Associated Press Europe reopens many borders but not to Americans, Asians, by Geir Moulson Pandemic leads to a bicycle boom, and shortage, around world, by David Sharp, Kelvin Chan CNN The pandemic could have ruined this sustainable business. But instead, it’s expanding nationwide, by Danielle Wiener-Bronner Crisis Text […]
Talking Biz News Today — June 12, 2020
Some of Friday’s top business news stories: Associated Press 1.5 million more laid-off workers seek unemployment benefits, by Christopher Rugaber US wholesale prices rise 0.4% in May led by food and energy, by Martin Crutsinger CNN Google will stop letting advertisers target housing ads based on gender, age and ZIP code, by Rishi Iyengar Nike […]
Quicken Loans to go public
Quicken Loans plans to list on the stock exchange, challenging high-street lenders. CNBC’s Leslie Picker reported the news: Quicken Loans, the largest mortgage lender in America, is planning an initial public offering, according to people familiar with the matter. The company, founded and owned by Detroit-billionaire Dan Gilbert, has filed its IPO prospectus confidentially, the […]
