Talking Biz News Today — June 11, 2020
Some of Thursday’s top business news stories: Associated Press Amazon bans police use of its face recognition for a year, by Joseph Pisani, Matt O’Brien Just Eat swallows Grubhub creating restaurant delivery giant, by Dee-Ann Durbin CNN EU wants monthly audits from Facebook, Google and Twitter on coronavirus misinformation, by Hadas Gold Disneyland sets its […]
Grubhub ties up with Just Eat
After rejecting a takeover approach by Uber, Grubhub has agreed to merge with Just Eat in an all-share deal. Edmund Heaphey had the news for Yahoo Finance: Just Eat Takeaway.com (JET.L) confirmed on Wednesday that it is in advanced discussions with US food delivery giant Grubhub (GRUB) about an all-share merger. The discussions come amid […]
Airlines brace up for record losses this year
The coronavirus crisis will result in record-high losses for the air travel industry, IATA has warned. UPI’s Don Jacobson reported the news: The global air transport industry faces losses of $84 billion this year and $15 billion in 2021 due to a steep drop in demand triggered by the coronavirus pandemic, an industry report predicted […]
Talking Biz News Today — June 10, 2020
Some of Wednesday’s top business news stories: Associated Press As cruise industry prepares to sail, choppy waters are ahead, by Dee-Ann Durbin Feds seek $225M fine for pair who made a billion robocalls, by Tali Arbel CNN Adidas says at least 30% of new US positions will be filled by black or Latinx people, by […]
BP to cut 10,000 jobs amid downturn
BP will reduce its headcount by 10,000 globally as it strives to cut costs and debt amid the latest oil demand crisis. Julia Horowitz reported the news for CNN: BP (BP) is cutting 10,000 jobs as it reels from a crash in oil prices and tries to pivot toward renewable energy. CEO Bernard Looney told […]
Talking Biz News Today — June 9, 2020
Some of Tuesday’s top business news stories: Associated Press A US recession began in February in the face of coronavirus, by Christopher Rugaber BP to cut 10,000 jobs worldwide amid virus pandemic, by Danica Kirka CNN Britain’s biggest companies are cutting tens of thousands of jobs. Millions more are at risk, by Charles Riley World […]
Talking Biz News Today — June 8, 2020
Some of Monday’s top business news stories: Associated Press ‘All eyes’ on New York: Reopening tests city torn by crises, by Jennifer Peltz Government job losses are piling up, and it could get worse, by Geoff Mulvihill CNN The recovery is underway. Does that mean it’s time for more stimulus?, by Julia Horowitz 15% Pledge […]
Talking Biz News Today — June 5, 2020
Some of Friday’s top business news stories: Associated Press 1.9 million seek jobless aid even as reopenings slow layoffs, by Christopher Rugaber JC Penney closing 154 stores in first post-bankruptcy phase, by Joseph Pisani CNN Thousands of people are volunteering to be laid off, by Chris Isidore Slack is teaming up with Amazon, by Rishi […]
Gap reports record loss
Retailer Gap booked a net loss of a record $932-million loss in Q1 as it closed 90% of all stores during the lockdown. CNN’s Chris Isidore reported: By far the worst quarter in the 51-year history of the Gap produced a $932 million loss for the clothing retailer, but left it on its feet. And […]
Talking Biz News Today — June 4, 2020
Some of Thursday’s top business news stories: Associated Press US job losses in May could raise 3-month total to 30 million, by Christopher Rugaber US service sector contracts for second month in May, by Martin Crutsinger CNN Britain’s biggest car plant may not survive Brexit, by Charles Riley AMC Theatres has ‘substantial doubt’ it can […]
