AMC Theaters may go under
AMC Theaters has said it had doubts it could remain in business following the lockdown-forced movie theater closures. CNN’s Frank Pallotta reported the news: AMC Theatres, the world’s biggest movie theater chain, said on Wednesday that it has “substantial doubt” it can remain in business after closing locations across the globe during the coronavirus pandemic. […]
Talking Biz News Today — June 3, 2020
Some of Wednesday’s top business news stories: Associated Press Senate confirms special watchdog for pandemic recovery, by Mary Clare Jalonick Virus leaves the US travel industry struggling to recover, by Josh Boak, David Koenig CNN Zoom’s revenue soars 169% as people flock to service during pandemic, Rishi Iyengar Automakers have another Covid-19 problem: Suppliers, by […]
Google faces privacy invasion suit
A class action suit against Google has alleged the tech giant illegally tracked private Internet use. Jonathan Stempel reported the news for Reuters: Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by pervasively tracking their internet use through browsers […]
Court rules against Nestle in meatless burgers naming case
A Dutch court has ordered Nestle to change the name of its meatless burger to protect the competitive rights of rival Impossible Foods. Saabira Chaudhuri reported the news for the Wall Street Journal: Nestlé SA must stop branding its plant-based burger “Incredible” after a European court ruled the language infringed on Impossible Foods Inc.’s trademarks […]
Talking Biz News Today — June 2, 2020
Some of Tuesday’s top business news stories: Associated Press Brands weigh in on national protests over police brutality, by Lindsey Bahr, Anne D’Innocenzio CBO projects virus impact could trim GDP by $15.7 trillion, by Martin Crutsinger CNN Air travel is bouncing back … sort of, by Gregory Wallace SpaceX’s Crew Dragon took flight in historic […]
Talking Biz News Today — June 1, 2020
Some of Monday’s top business news stories: Associated Press Protests force Target, CVS and Walmart to close some stores, by Dee-Ann Durbin US food prices see historic jump and are likely to stay high, by David Pitt CNN Peet’s Coffee owner pulls off speedy 10-day IPO despite pandemic fears, by Hanna Ziady Our pandemic shopping […]
Payday is here for Elon Musk
Tesla’s CEO has cleared a milestone that will allow him to buy 1.7 million company shares at a much lower than market price, making a paper profit of more than $700 million. Claudia Assis reported the news for MarketWatch: Tesla Inc. Chief Executive Elon Musk has earned the first portion of a windfall payout tied […]
Talking Biz News Today — May 29, 2020
Some of Friday’s top business news stories: Associated Press Debate over $600 in jobless aid to intensify as claims rise, by Christopher Rugaber VW spending $2.2B to expand in China’s electric car market, by Joe McDonald CNN EasyJet to slash workforce by 30% as it prepares for years of weak demand, by Hanna Ziady Nissan […]
Talking Biz News Today — May 28, 2020
Some of Thursday’s top business news stories: Associated Press CEO pay has topped $12.3M. Can it keep rising post-pandemic?, by Stan Choe Boeing cuts 12,000 jobs, resumes production of grounded jet, by David Koenig CNN Rupert Murdoch’s News Corp is cutting jobs and shutting down dozens of newspapers in Australia, by Michelle Toh Our pandemic […]
22 U.S. states sue Trump administration over fuel efficiency legislation
As many as 22 states as well as environmentalist groups are suing the Trump administration for its plans to ease earlier legislation regarding fuel efficiency. David Shepardson reported the news for Reuters: A group of 23 U.S. states and the District of Columbia filed a lawsuit on Wednesday challenging a Trump administration decision to weaken […]
