Talking Biz News Today — Feb. 24, 2020
Some of Monday’s top business news stories: Associated Press Report says Intuit nearing $7 billion deal for Credit Karma Supreme Court wades into battle over Atlantic Coast Pipeline, by Denise Lavoie Fortune ‘Namaste Trump:’ India’s Modi welcomes U.S. president with pomp and pageantry as trade tensions simmer, by Justin Sink and Archana Chaudhary CNN Pepsi […]
Wells Fargo to pay $3 bln in fake account settlement
Wells Fargo has agreed to pay $3 billion to settle charges of fake account opening by employees. Ken Sweet and Stefanie Dazio reported the news for the AP: Wells Fargo agreed Friday to pay $3 billion to settle criminal and civil investigations into a long-running practice whereby company employees opened millions of unauthorized bank accounts […]
Talking Biz News Today — Feb. 21, 2020
Some of Friday’s top business news stories: Associated Press Struggling Victoria’s Secret sold as women demand comfort, by Anne D’Innocenzio Michelle Chapman IATA: Virus may slash $29 billion from airlines’ revenue, by Yuri Kageyama Fortune MGM Resorts hack exposes details of 10.6 million guests, by Chris Morris How the 5G revolution could increase mobile security—and […]
Morgan Stanley will acquire E-Trade for $13 bln
Morgan Stanley will buy E-Trade for $13 billion to boost its wealth management business. Ivana Freitas reported the news for CNBC: Morgan Stanley announced Thursday that it is buying E-Trade for $13 billion in an all-stock deal. Here’s what Morgan Stanley’s CEO and three others are watching now. James Gorman, chief executive of Morgan Stanley, […]
Talking Biz News Today — Feb. 20, 2020
Some of Thursday’s top business news stories: Associated Press Fed seems inclined to keep rates low as virus poses risks, by Christopher Rugaber UK employers fear worker shortages in new immigration plan, by Jill Lawless Fortune Despite ‘crypto winter,’ new Bitcoin mines continue to open, by David Z. Morris Why only one-quarter of the world […]
IRS to check on wealthy taxpayers evading taxes
The IRS will start visiting high-income individuals who don’t file their tax returns. Sarah Skidmore Sell reported the news for the AP: If you earn six figures and haven’t been filing your taxes, the IRS may come knocking. The agency said Wednesday that it is stepping up its efforts to visit high-income taxpayers who failed […]
Talking Biz News Today — Feb. 19, 2020
Some of Wednesday’s top business news stories: Associated Press Misguided virus fears hitting Asian American businesses, by Alexandra Olson, Terry Tang Bloomberg would sell business interests if elected president, by Kathleen Ronayne CNN US judge rejects Huawei lawsuit challenging a ban on its products, by Sherisse Pham SpaceX teams up with space tourism agency to […]
SpaceX will launch space tourism flight in two years
SpaceX has signed a deal for a tour around the Earth for four private clients, to take place in two years. Marcia Dunn had the news for the AP: SpaceX aims to launch up to four tourists into a super high orbit, possibly by the end of next year. The private company is working with […]
Talking Biz News Today — Feb. 18, 2020
Some of Tuesday’s top business news stories: Associated Press Apple warns China virus will cut iPhone production, sales Jeff Bezos commits $10 billion to fight climate change, by Joseph Pisani CNN Two train giants just teamed up to take on China, by Hanna Ziady Mark Zuckerberg comes to Europe and asks for more regulation, by […]
HSBC will slash 35,000 jobs
HSBC will cut 35,000 jobs as part of a global overhaul over the next three years. Danica Kirka and Elaine Kurtenbach had the news for the AP: HSBC will shed some 35,000 jobs as part of a deep overhaul to focus on faster-growing markets in Asia and as it tries to cope with a slew […]
