Talking Biz News Today — Feb. 17, 2020
Some of Monday’s top business news stories: Associated Press GM plans to pull out of Australia, New Zealand and Thailand, by Tom Krisher Negative interest rates turn saving, borrowing upside down, by David McHugh, Christopher Rugaber CNN The world’s biggest work-from-home experiment has been triggered by coronavirus, by jessie Yeung The Apple Watch outsold the […]
GM exits Australia, New Zealand, Thailand
General Motors will leave the Australian, New Zealand, and Thai markets amid a restructuring drive estimated to cost more than $1 billion. Hilary Russ and Yilei Sun reported the news for Reuters: General Motors Co (GM.N) said it would wind down its Australian and New Zealand operations and sell a Thai plant in the latest […]
Talking Biz News Today — Feb. 14, 2020
Some of Friday’s top business news stories: Associated Press Feds to track how private Medicare info gets to marketers, by Ricardo Alonso-Zaldivar US brings new charges against Chinese tech giant Huawei, by Eric Tucker Fortune Tesla raises capital two weeks after Elon Musk said it wasn’t needed, by Erik Sherman Verizon to double the number […]
Washington accuses Huawei of racketeering
U.S. prosecutors have accused Huawei of racketeering, planning to steal trade secrets and assisting Iran. Karen Freifeld reported the news for Reuters: U.S. prosecutors on Thursday accused Huawei of stealing trade secrets and helping Iran track protesters in its latest indictment against the Chinese company, escalating the U.S. battle with the world’s largest telecommunications equipment […]
Talking Biz News Today — Feb. 13, 2020
Some of Thursday’s top business news stories: Associated Press Company efforts to stamp out tobacco often go up in smoke, by Matthew Perrone US regulators probing 5 tech companies’ acquisitions to 2010, by Marcy Gordon Fortune Airbnb’s Bottom Line Is Hurting. New Safety Efforts Could Make Matters Worse, by Aric Jenkins Ramp, a corporate credit […]
Google buys big data analytics firm for $2.6 bln
Google has finalized the acquisition of UK big data analytics firm Looker for $2.6 billion. Shashwat Awasthi and Yadarisa Shabong had the news for Reuters: Alphabet Inc-owned Google (GOOGL.O) said on Thursday it has completed its $2.6 billion buyout of privately held big-data analytics firm Looker Data Sciences after winning clearance from Britain’s competition watchdog. […]
Talking Biz News Today — Feb. 12, 2020
Some of Wednesday’s top business news stories: Associated Press UK announces plan to fine firms for harmful online content NTSB releases details in 2 crashes involving Tesla Autopilot, by Tom Krisher, Olga R. Rodriguez Fortune 5 companies now make up 18% of the S&P 500. Is that a recipe for a crash?, by Ben Carlson […]
Judge Approves Sprint-T-Mobile merger
A federal judge has approved the proposed merger between T-Mobile and Sprint. Arriana McLymore and Diane Bartz had the news for Reuters: T-Mobile US Inc edged closer to a takeover of Sprint Corp after a federal judge on Tuesday approved the deal, rejecting a claim by a group of states that said the proposed transaction […]
Talking Biz News Today — Feb. 11, 2020
Some of Tuesday’s top business news stories: Associated Press Amazon wants to question Trump over losing $10B contract bid, by Matt O’Brien Now for sale at the mall … the mall; Simon buys Taubman, by Michelle Chapman, Anne D’Innocenzio CNN Popeyes’ chicken sandwich sends sales through the roof, by Danielle Wiener-Bronner Samsung unexpectedly shows off […]
Simon Property Group buys fellow mall operator Taubman Realty
Mall operator Simon Property Group has agreed to buy peer Taubman Realty for $3.6 billion. Michelle Chapman and Anne D’Innocenzio had the news for the AP: As mall-based retailers struggle to compete with the onslaught from online shopping, the companies that own and manage the malls are finding their own business models severely challenged. For […]
