2020 budget planned at $4.8 trillion
President Trump is proposing a 2020 budget of $4.8 trillion, including higher defense spending and no change in social security and Medicare benefits. Andrew Taylor reported the news for the AP: President Donald Trump is offering a $4.8 trillion election-year budget plan that recycles previously rejected cuts to domestic programs to promise a balanced budget […]
Talking Biz News Today — Feb. 10, 2020
Some of Monday’s top business news stories: Associated Press Unique Illinois privacy law leads to $550M Facebook deal, by Kathleen Foody Trump budget to face skepticism, overwhelming politics, by Andrew Taylor Fortune Apple hit with $27 million fine for slowing down French iPhones, by Chris Morris Layoffs start rippling through the Boeing 737 Max supply […]
Talking Biz News Today — Feb. 7, 2020
Some of Friday’s top business news stories: Associated Press Global tourism takes major hit as virus halts Chinese travel, by Dee-Ann Durbin Corporate America has a 1%, too, more influential than ever, by Stan Choe Fortune Post-Brexit U.K.’s surveillance practices could spell big problems for business, by David Meyer Closed attractions, shut restaurants, and a […]
Uber posts $1.1 bln loss for fourth quarter
Uber reported a loss of $1.1 billion for the fourth quarter of 2019. Cathy Bussewitz had the news for the AP: Uber is still losing money as it expands its food delivery business and develops technology for driverless cars. But revenue for its rides business nearly tripled in the final three months of last year […]
Huawei launches patent infringement suit against Verizon
Huawei has filed a lawsuit alleging patent infringement by Verizon. David Kirton reported the news for Reuters: China’s Huawei Technologies Co Ltd has launched legal action against Verizon Communications Inc (VZ.N), alleging the U.S. carrier used 12 of its patents without authorization. The telecommunications equipment maker is seeking compensation for the use of its technology […]
Talking Biz News Today — Feb. 6, 2020
Some of Thursday’s top business news stories: Associated Press China cuts tariffs on $75B of US imports in trade truce, by Joe McDonald Facebook, YouTube: Firm must stop scraping faces from sites, by Matt O’Brien Fortune The Gates Foundation is pledging up to $100 million for the fight against coronavirus, by Sy Mukherjee Can Hollywood […]
IBM’s Ginni Rommetty to step down from CEO post
IBM’s first female chief executive Ginni Rommetty will step down in April. CNBC’s Jordan Novet reported the news: IBM shares jumped as much as 5% on Thursday after the company said Arvind Krishna is becoming its 10th CEO, replacing Virginia “Ginni” Rometty. The change is effective on April 6, according to a statement. Jim Whitehurst, […]
Talking Biz News Today — Jan. 31, 2020
Some of Friday’s top business news stories: Associated Press Ginni Rometty, 1st female CEO at IBM, to step down in April Atari plans to open video game-themed resorts in 8 US cities Fortune VW offers $2.9 billion to buy the rest of Navistar in U.S. truck market push, by Christoph Rauwald, Eyk Henning, Ed Hammond, […]
Talking Biz News Today — Jan. 30, 2020
Some of Thursday’s top business news stories: Associated Press Apple, Broadcom told to pay Caltech $1.1B in patent lawsuit Survey: University investments saw slower growth in 2019, by Collin Binkley Fortune Facebook and Twitter are least trusted in social media for political news, by Danielle Abril 3 key takeaways from Tesla’s blockbuster fourth-quarter earnings, by […]
Tesla beats forecasts with second quarterly profit for 2019
Tesla reported its a second profitable quarter for 2019, beating analyst forecasts. Lora Kolodny had the news for CNBC: Tesla has reported fourth-quarter results, and it’s a beat on earnings. The stock spiked as much as 13% on the news after hours. Here’s how the company did versus expectations: Earnings: $2.14 adjusted vs. $1.72 per […]
