WeWork cancels IPO
WeWork has pulled out its application for an initial public offering amid internal chaos. Alexandra Olson and Stan Choe had the news for the AP: WeWork’s new leaders shelved plans to enter the stock market Monday as they sought to repair the battered image of a company that appeared to revolutionize the office-rental industry and […]
Talking Biz News Today — October 1, 2019
Some of Tuesday’s top business news stories: Associated Press Ready student one? Universities launch degrees in esports, by Kelvin Chan 2020 Democrats in dash for money before third quarter ends, by Brian Slodysko Fortune Surveillance and Suicide in Switzerland: Credit Suisse COO Resigns Over Corporate Spying Scandal, by Patrick Winters, Jan-Henrik Foerster, NIcholas Comfort U.S. […]
Talking Biz News Today — Sept. 30, 2019
Some of Monday’s top business news stories: Associated Press Forever 21 fashion chain files for Chapter 11 bankruptcy, by Anne D’Innocenzio Housing woes push into 2020 campaign from Nevada and beyond, by Michelle L. Price, Nicholas Riccardi CNN AB InBev’s Asia business jumps 5% in first day of Hong Kong trading, by SherissePham ‘Helicopter money’ […]
Forever 21 files for bankruptcy court protection
Forever 21 has become the latest retailer to file for bankruptcy protection. Rama Venkat had the news for Reuters: Fashion retailer Forever 21 Inc filed for bankruptcy on Sunday, as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce companies such as Amazon.com Inc (AMZN.O). Since the start […]
Talking Biz News Today — Sept. 27, 2019
Some of Friday’s top business news stories: Associated Press First settlement in lawsuits against oil firms over coast US economy grew at modest 2% rate in second quarter, by Martin Crutsinger Fortune McKinsey to Open First Ever Store At Mall of America, by Phil Wahba Whistleblower Complaint Opens Window Into Secret Government Computer Systems, by […]
McDonald’s to test plant-based burger
McDonald’s has struck a deal with Beyond Meat to test their plant-based burger in Canada. Michelle Chapman had the news for AP: McDonald’s is finally taking a nibble of the plant-based burger. McDonald’s said Thursday that will sell the PLT, or the plant, lettuce and tomato burger for 12 weeks in 28 restaurants in Southwestern […]
Talking Biz News Today — Sept. 26, 2019
Some of Thursday’s top business news stories: Associated Press Dutch bank ABN AMRO in money laundering investigation US Commerce declares fishing disasters for 7 states, by Janet McConnaughey CNN Juul CEO is out, and it stops all advertising as vaping crisis escalates, by Chris Isidore Amazon is adding Alexa into earbuds, eyeglasses, high-end speakers and […]
Juul CEO steps down
Juul’s chief executive Kevin Burns has stepped down amid a worsening vaping crisis in the U.S. Timothy Annett had the news for Bloomberg: Juul Labs Inc. said Chief Executive Officer Kevin Burns will step down, as the highly valued private e-cigarette company confronts a growing public backlash. The company said in a statement that K.C. […]
Talking Biz News Today — September 25, 2019
Some of Wednesday’s top business news stories: Associated Press McDonald’s enlists Alexa and Google to help with its hiring, by Dee-Ann Durbin US home prices rise at slowest pace in 7 years, by Christopher Rugaber The Wall Street Journal WeWork’s Adam Neumann Steps Down as CEO, by Eliot Brown, Dana Cimilluca, David Benoit, Maureen Farrell […]
House begins impeachment inquiry into President Trump
The House of Representatives has begun official impeachment inquiry into President Donald Trump. Patricia Zengerle reported the news for Reuters: Democrats in the U.S. House of Representatives plunge into a formal impeachment inquiry into President Donald Trump on Wednesday, a move that could dramatically change the 2020 presidential race. House Speaker Nancy Pelosi, who had […]
