Alibaba launches this year’s largest IPO

Chinese e-retail giant Alibaba has priced its highly anticipated Hong Kong IPO, which could net it in excess of $11 billion. Elaine Kurtenbach had the news for the AP: The Chinese e-commerce giant Alibaba has raised at least $11 billion in a share offering in Hong Kong, netting the city’s biggest offering since 2010 despite […]

Talking Biz News Today — Nov. 19, 2019

Some of Tuesday’s top business news stories: Associated Press Chick-fil-A halts donations to 3 groups against gay marriage, by Dee-Ann Durbin Warren’s ‘Medicare for All’ plan reignites health care clash, by Will Weissert Fortune Google Continues Acquisition Streak Amidst Antitrust Probes, by Mark Bergen, Nico Grant Boeing Directors Sued for Rushing 737 Max 8 to […]

Bill Gates-backed startup makes breakthrough in solar energy

Heliogen, a startup backed by Bill Gates, has announced successfully using mirrors and artificial intelligence to generate heat of above 1,000 degrees Celsius. Matt Egan reported the news for CNN: A secretive startup backed by Bill Gates has achieved a solar breakthrough aimed at saving the planet. Heliogen, a clean energy company that emerged from […]

Talking Biz News Today — Nov. 18, 2019

Some of Monday’s top business news stories: Associated Press Ford Mustang SUV starts a blitz of new electric vehicles, by Tom Krisher AP Exclusive: Climate said to imperil 60% of Superfund sites, by Ellen Knickmeyer CNN Google is targeting women with its new gaming service Stadia, by Shannon Liao Boeing and SpaceX face ‘significant’ challenges […]

HP rejects Xerox takeover offer

HP has rejected a takeover offer from rival Xerox, with the board saying the $33.5-billion approach undervalued the business. Sarah Skidmore Sell reported the news for the AP: HP Inc. says its board has rejected a roughly $33.5 billion takeover offer from Xerox. The Palo Alto, California-based company said Sunday that the cash and stock […]

Talking Biz News Today — Nov. 15, 2019

Some of Friday’s top business news stories: Associated Press Esper defends as fair Pentagon contract disputed by Amazon, by Robert Burns Powell urges Congress to tackle growing budget deficit, by Christopher Rugaber Fortune Billionaire With a Taste for Casual Dining Offers $40 Million for Houlihan’s Restaurants, by Jeremy Hill Pelosi Optimistic Congress to Vote on […]

Amazon protests loss of Pentagon cloud deal

Amazon has challenged the Pentagon’s decision to award a much-coveted cloud computing deal to rival Microsoft. Jeffrey Dastin and David Shepardson had the news for Reuters: Amazon.com Inc (AMZN.O) on Thursday said it is contesting the Pentagon’s award of an up to $10 billion cloud computing deal to Microsoft Corp (MSFT.O), expressing concern that politics […]

Talking Biz News Today — Nov. 14, 2019

Some of Thursday’s top business news stories: Associated Press California crisis of fires, blackouts decades in the making, by Jonathan J. Cooper Fed’s Powell sees steady growth, signals pause in rate cuts, by Christopher Rugaber Fortune Most Executives Fear Their Companies Will Fail If They Don’t Adopt A.I., by Jonathan Vanian Cleveland Clinic, Duke, MIT, […]

Household debt in the United States hits a record in Q3

The combined debt of U.S. households reached almost $14 trillion in the third quarter, up by $92 billion from the second quarter, according to the New York Fed. Dan Burns reported the news for Reuters: American households added $92 billion of debt in the third quarter, led by a rise in mortgage loans, and overall […]

Talking Biz News Today — Nov. 13, 2019

Some of Wednesday’s top business news stories: Associated Press No. 1 milk company declares bankruptcy amid drop in demand, by Michelle Chapman, Dee-Ann Durbin Google’s health care ambitions now involve patient data, by Rachel Lerman CNN Elon Musk says Tesla will build cars in Berlin, by Mark Thompson Juul is laying off 650 people in […]