Chesapeake Energy files for bankruptcy
Chesapeake Energy has filed for Chapter 11 bankruptcy protection after amassing a debt loan of more than $9 billion and oil prices remaining too low for breakeven. David French and Rama Venkat reported the...
Talking Biz News
Santa Clarita Gazette to temporarily cease publication
The Santa Clarita Gazette in California will tentatively be ceasing publication until September. The move comes as the newspaper is struggling with advertising revenue problems even before the pandemic began. The July 3 issue will...
Talking Biz News Today — June 26, 2020
Some of Friday’s top business news stories: Associated Press US job market’s modest improvement may be stalling, by Christopher Rugaber Governors who quickly reopened backpedal as virus surges, by Paul J. Weber CNN Verizon...
Fed caps banks’ dividends, orders suspension of share buybacks
The Federal Reserve has put a cap on the amount of dividends banks can pay their shareholders and has ordered them to suspend their stock repurchase programs. Ken Sweet reported the news for the...
Google to launch news service licensing “high-quality” journalism
Google has announced that it will be launching a rival news service to Apple News, reports Business Insider. The new news service, would allow Google to curate and license a number of articles from...
Bayer agrees to pay $10 bln to settle Roundup lawsuits
Chemicals giant Bayer has agreed to pay more than $10 billion to settle several thousand lawsuits claiming herbicide Roundup causes cancer. Doha Madani reported the news for CNBC: Bayer will pay more than $10...
Talking Biz News Today — June 25, 2020
Some of Thursday’s top business news stories: Associated Press Bayer paying up to $10.9B to settle Monsanto weedkiller case Virus pummels commercial real estate, could end long boom, by Joyce M. Rosenberg, Ken Sweet...
Talking Biz News Today — June 24, 2020
Some of Wednesday’s top business news stories: Associated Press US new home sales rise surprisingly strong 16.6% in May, by Martin Crutsinger Pubs, restaurants in England to reopen as virus toll eases, by Jill...
Amazon launches $2-bln clean energy fund
Amazon has set up an investment fund worth $2 billion to focus exclusively on clean energy projects. Business Insider reported: Amazon is injecting $2 billion into a new venture capital fund focused on a...
Wirecard says missing billions never existed
Fintech Wirecard has said the some $2.1 billion it booked into its accounts likely never existed. Patricia Uhlig, Karen Lema, and John O’Donnell reported the news for Reuters: Wirecard said on Monday that 1.9...
