Talking Biz News Today — April 28, 2020
Some of Tuesday’s top business news stories: Associated Press Fears of virus seem far away as stores reopen in rural US, by Matthew Brown, Amy Beth Hanson Digital-ad downturn may complicate life for Google, Facebook, by Michael Liedtke, Barbara Ortutay CNN Tesla’s latest Autopilot feature is slowing down for green lights, too, by Matt McFarland […]
Talking Biz News Today — April 27, 2020
Some of Monday’s top business news stories: Associated Press A flood of business bankruptcies likely in coming months, by Joyce M. Rosenberg Publicly traded hotel firms won’t give back small-biz loans CNN Boeing terminates $4.2 billion deal with Embraer, by Shannon Liao JPMorgan, Ruth’s Chris accused of cheating small businesses out of emergency loans, by […]
Diamond Offshore files for bankruptcy
Diamond Offshore Drilling has become the latest oil company to seek bankruptcy protection amid havoc on oil markets. David Wethe and Jeremy Hill had the news for Bloomberg: Diamond Offshore Drilling Inc., the rig contractor controlled by Loews Corp., filed for bankruptcy amid an unprecedented crash in crude prices that’s wrecking demand for oil exploration […]
House passes additional $500 bln in Covid-19 relief
The House of Representatives has passed a bill approving the distribution of another $500 billion in coronavirus relief. Patricia Zengerle and Susan Cornwell reported the news for Reuters: The U.S. House of Representatives overwhelmingly approved a $484 billion coronavirus relief bill on Thursday, funding small businesses and hospitals and pushing the total spending response to […]
Talking Biz News Today — April 24, 2020
Some of Friday’s top business news stories: Associated Press Gig workers and self-employed keep waiting for jobless aid, by Christopher Rugaber Somber Congress delivers nearly $500B more in virus aid, by Andrew Taylor, Alan Fram CNN Treasury says public companies should repay their PPP loans, by Alicia Wallace DraftKings goes public without many live sports […]
Tyson Foods closes largest pork processing plant
Tyson Foods closed its largest pork processing plant after pressure from local officials that the plant is a hotbed of Covid-19. Ryan J. Foley reported the news for the AP: Tyson Foods suspended operations Wednesday at an Iowa plant that is critical to the nation’s pork supply but was blamed for fueling a massive coronavirus […]
Talking Biz News Today — April 23, 2020
Some of Thursday’s top business news stories: Associated Press Many small businesses say loans won’t get them to rehire, by Christopher Rugaber Tyson Foods idles largest pork plant as virus slams industry, by Ryan J. Foley CNN SpaceX moves ahead with Starlink satellite launch amid pandemic, by Jackie Wattles Victoria’s Secret deal to go private […]
Netflix adds 16 million subscribers
Netflix added 16 million new subscribers in the first quarter, with the total now at almost 183 million. Lisa Richwine and Akanksha Rana reported the news for Reuters: Netflix Inc (NFLX.O) more than doubled its own projections for new customers as quarantined audiences binged on series such as “Tiger King,” but the company predicted a […]
Talking Biz News Today — April 22, 2020
Some of Wednesday’s top business news stories: Associated Press Pandemic and chill: Netflix adds a cool 16M subscribers, by Michael Liedtke Chipotle agrees to record $25 million fine over tainted food, by Brian Melley CNN Trump promises to rescue oil companies after prices go negative, by Matt Egan Snap’s turnaround gets a boost as lockdown […]
Talking Biz News Today — April 21, 2020
Some of Tuesday’s top business news stories: Associated Press Gov’t relief loans to restaurant chains draw complaints, by Joyce M. Rosenberg, Dee-Ann Durbin Oil price goes negative as demand collapses; stocks dip, by Elaine Kurtenbach CNN Richard Branson offers his island as collateral as Virgin Atlantic and Virgin Australia face collapse, by Hanna Ziady IBM […]
