Coverage: PG&E agrees to $1-billion settlement in wildfire case
PG&E has agreed to pay compensation of $1 billion to several local governments in California for devastating wildfires caused by the utility’s distribution lines. Jim Christie had the news for Reuters: PG&E Corp will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires […]
Talking Biz News Today — June 18, 2019
Some of Tuesday’s top business news stories: Associated Press Fire triggers pollution concerns at US Steel coke plant, by Michael Rubinkam San Francisco weighs 1st US city ban on e-cigarette sales, by Samantha Maldonado Bloomberg Bond Investors Dust Off Crisis Playbook, Fire Up Best QE Trades, by John Ainger, Stephen Spratt, Anooja Debnath Secretive Magic […]
Coverage: Facebook lifts veil on cryptocurrency Libra
Facebook has unveiled its own cryptocurrency, Libra, which the company hopes would boost e-commerce and advertising on its platforms. AP’s Rachel Lerman has the news, noting Facebook is currently under investigation: Facebook already rules daily communication for more than two billion people around the world. Now it wants its own currency, too. The social network […]
Coverage: Target suffers checkout problems
Target has reported persistent checkout problems over the weekend after a system outage on Saturday. Spencer Kimball had the news for CNBC: Target customers Sunday reported issues checking out at stores across the country, after registers were down for nearly two hours Saturday due to a system outage that created long lines. Customers said card […]
Talking Biz News Today — June 17, 2019
Some of Monday’s top business news stories: Associated Press 2020 race brings free college back to the national stage, by Collin Binkley CEO: Boeing made mistake in handling warning-system problem, by Angela Charlton Bloomberg UBS Loses China Bond Deal After Economist’s Pig Remark, by Cathy Chan Powell’s Concern Over Zero Rates Expected to Lower Bar […]
Talking Biz News Today — June 14, 2019
Some of Friday’s top business news stories: Associated Press White House expands health accounts aimed at small firms, by Ricardo Alonso-Zaldivar Global shares mixed over concerns about oil tankers, trade, by Yuri Kageyama Bloomberg Tech’s Biggest Antitrust Problem May Be a Congressman from Rhode Island, by Joshua Brustein Chewy’s IPO Raises $1.02 Billion in Upsized […]
Coverage: Washington denies carmakers China tariff waivers
The U.S. administration has denied Tesla, GM, and Uber a waiver from the 25% tariffs imposed on a wide range of Chinese-made products. CNBC’s Jesse Pound reported the news focusing on the EV maker: The U.S. trade representative’s office has reportedly denied electric car maker Tesla’s requests to waive tariffs on the car company’s China-made […]
Talking Biz News Today — June 13, 2019
Some of Thursday’s top business news stories: Associated Press Target to offer same-day delivery for $9.99 per order Uber, Lyft suggest changes but want drivers as contractors, by Andrew Oxford Bloomberg Pot Takes the Spotlight Away From Lithium and Threatens the EV Boom, Laura Millan Lombrana Lululemon Rises as Yoga-Wear Maker’s Sales Outperform Once Again, […]
Coverage: Two tankers hit in Gulf of Oman amid rising U.S.-Iran tensions
Just a few weeks after an attack on four tankers in the Gulf of Oman, now two more have suffered an attack in the area as tensions between Washington and Tehran intensify. Raf Sanchez and Gareth Davis had the news for The Daily Telegraph: Two oil tankers were hit in a suspected attack in the […]
Talking Biz News Today — June 12, 2019
Some of Wednesday’s top business news stories: Associated Press Businesses showing discontent with Trump’s trade policies, by Paul Wiseman, Steve Peoples States sue to stop $26.5 billion Sprint-T-Mobile deal, by Tali Arbel, Mae Anderson Bloomberg Beyond Meat Sinks 25% as Wall Street Starts Worrying About Price, by Phil Serafino Google Is Moving More Hardware Production […]
