Walgreens considers going private
Investor interest from private equity circles has prompted Walgreens to consider delisting and going private. Greg Roumeliotis and Mike Spector had the news for Reuters: Walgreens Boots Alliance Inc (WBA.O) has been exploring whether to go private following private equity interest in the U.S drug store chain, which has a market value of more than […]
Talking Biz News Today — November 5, 2019
Some of Tuesday’s top business news stories: Associated Press Apple commits $2.5B to combat California housing crisis, by Matt O’Brien German government extends incentives for electric car buyers CNN Uber lost more than $1 billion in the third quarter, but revenue growth improved, by Sara Ashley O’Brien Researchers used a laser to hack Alexa and […]
Apple allocates $2.5 bln for California affordable housing
Apple announced a $2.5-billion package to finance affordable housing in California, where the problem is particularly acute. CBS News reported the story: Apple announced on Monday that it will donate $2.5 billion in the fight California’s housing crisis. Those funds include a $1 billion housing investment fund, a $1 billion first-time homebuyer mortgage assistance fund […]
Talking Biz News Today — November 4, 2019
Some of Monday’s top business news stories: Associated Press Saudi Arabia formally starts IPO of oil firm Saudi Aramco, by Jon Gambrell, Malak Harb Trump now has opening to pull US out of Paris climate pact, by Seth Borenstein Fortune McDonald’s CEO Pushed Out After Relationship with Employee, by Cathy Bussewitz, Deen-Ann Durbin Uber’s Business […]
McDonald’s Fires CEO over relationship with employee
McDonald’s has fired its chief executive, Steve Easterbrook, over his consensual relationship with an employee of the company. Mike Spector reported the news for Reuters: McDonald’s Corp dismissed Chief Executive Steve Easterbrook over a recent consensual relationship with an employee, which the board determined violated company policy, the fast-food giant said on Sunday. The board […]
Talking Biz News Today — November 1, 2019
Some of Friday’s top business news stories: Associated Press Border wall, impeachment battle imperil budget progress, by Andrew Taylor The pressure is now on Facebook to ban political ads, too, by Mae Anderson, Rachel Lerman Fortune Why China’s Digital Currency Is a ‘Wake-Up Call’ for the U.S., by Naomi Xu Elegant House Democrats’ Vote Today […]
Vaping scandals forces Altria to write off $4.5 bln
Altria will write off $4.5 billion from its investment in e-cigarette maker Juul amid the ongoing vaping scandal in the U.S. and Juul’s own troubles with the law. CNN’s Paul R. La Monica reported the news: Marlboro owner Altria’s big gamble on vaping is not panning out as well as hoped. The cigarette giant announced […]
Talking Biz News Today — October 31, 2019
Some of Thursday’s top business news stories: Associated Press Fiat Chrysler, PSA Peugeot boards approve merger, by Colleen Barry, Tom Kirsher, Angela Charlton Twitter pulls back on political ads, but pitfalls await, by Rachel Lerman, Barbara Ortutay CNN IPhone sales are in a major slump. AirPods and iPad are helping Apple grow, by David Goldman […]
Twitter bans political ads
Twitter has decided to ban all political advertising on its platform beginning in late November. Irina Ivanova had the news for CBS: Twitter is halting all political advertisements across its social media platform starting late next month, founder and CEO Jack Dorsey announced Wednesday. “Political message reach should be earned, not bought,” Dorsey said in […]
Talking Biz News Today — Oct. 30, 2019
Some of Wednesday’s top business news stories: Associated Press Fed is expected to cut rates but may offer little guidance, by Christopher Rugaber Fiat Chrysler confirms talks with French carmaker Peugeot, by Colleen Barry CNN Chinese electric carmaker BYD plunges after 89% profit drop, by Sherisse Pham, Michelle Toh America’s largest private coal miner files […]
