Talking Biz News Today — October 8, 2019
Some of Tuesday’s top business news stories: Associated Press US seeks to blacklist Chinese artificial intelligence firms, by Matt O’Brien Facebook to settle advertiser lawsuit for $40 million CNN Samsung warns its profit fell 56%, but the worst could be over, by Sherisse Pham Trump’s election year economy will be much worse than he promised, […]
GE freezes pensions of 20,000 employees
GE will freeze the pensions of 20,000 employees and offer pension buyouts to another 100,000 to reduce debt. Aimee Picchi had the news for CBS: General Electric announced it will freeze the pensions of 20,000 U.S. salaried workers, a measure designed to reduce its pension deficit and trim debt. The move will shave GE’s pension […]
Talking Biz News Today — Oct. 7, 2019
Some of Monday’s top business news stories: Associated Press GM-UAW talks take turn for worse; settlement not near, by Tom Krisher UK leader Johnson renews vow to leave EU by deadline, by Kelvin Chan CNN Economists think the slowdown will only get worse, by Anneken Tappe PayPal pulls out of association for Facebook’s Libra cryptocurrency, […]
Coverage: GM strike set to continue
Talks between GM and UAW have taken a turn for the worse, with the 21-day strike set to continue. Tom Krishner had the news for the AP: Contract talks aimed at ending a 21-day strike by the United Auto Workers against General Motors have taken a turn for the worse, hitting a big snag over […]
Talking Biz News Today — October 4, 2019
Some of Friday’s top business news stories: Associated Press HP Inc.’s new CEO unveils plan to cut up to 9,000 jobs EU court: Facebook can be forced to remove content worldwide, by Samuel Petrequin CNN What happens if the Fed cuts rates to zero — or goes negative?, by Paul R. La Monica Microsoft’s Surface […]
HP To Slash Several Thousand Jobs
HP Inc has announced plans to lay off between 7,000 and 9,000 employees worldwide over the next three years. CNN’s Rob McLean had the news: HP Inc. plans to reduce its global staff by thousands of employees over the next three years. HP (HPQ) said Thursday that it intends to cut between 7,000 and 9,000 […]
Trump slaps tariffs on European alcohol, cheese, and aircraft
The Trump administration has received the green light from the WTO to impose tariffs on EU products in response to illegal EU subsidies for Airbus. Paul Wiseman and Jamey Keaten had the news for the AP: The Trump administration plans to impose tariffs on $7.5 billion worth of European imports _ from gouda cheese to […]
Talking Biz News Today — October 3, 2019
Some of Thursday’s top business news stories: Associated Press Strong summer sales makes H&M’s profit jump 25% Google to commit to White House job training initiative, by Darlene Superville CNN Dow dives nearly 500 points as US economy worries investors, by Anneken Tappe Tesla delivery numbers fall short of Musk’s 100,000 target, by Clare Duffy […]
Talking Biz News Today — Oct. 2, 2019
Some of Wednesday’s top business news stories: Associated Press Big Tech’s eco-pledges aren’t slowing its pursuit of Big Oil, by Matt O’Brien Trump campaign, RNC raise record $125 million in 3rd quarter, by Zeke Miller The Wall Street Journal Johnson & Johnson Agrees to Settle Ohio Opioid Lawsuits for $20.4 Million, by Sara Randazzo Visa, […]
Johnson & Johnson settles with two Ohio counties in opioid cases
Johnson & Johnson has agreed to pay $20.4 million in settlements with two Ohio counties that sued the major for its role in the opioid crisis. Geoff Mulvihill reported the news for the AP: Johnson & Johnson on Tuesday announced it had reached an agreement worth more than $20 million with two Ohio counties, becoming […]
