Coverage: Ten states sue T-Mobile-Sprint merger
New York, California, and another eight states have launched a lawsuit aimed at stopping the planned merger between T-Mobile and Sprint citing competition concerns. Reuters’ Diane Bartz and David Shepardson had the news: Ten states led by New York and California filed a lawsuit on Tuesday to stop T-Mobile US Inc’s $26 billion purchase of […]
Coverage: Data breach exposes U.S. traveler data
Photos and license plates of travelers passing through a U.S. border point have been compromised in a cyberattack. Kate Sullivan and Geneva Sands reported the news for CNN: US Customs and Border Protection announced Monday photos of travelers and license plates were recently compromised in a data breach. In a statement, CBP said it learned […]
Talking Biz News Today — June 11, 2019
Some of Tuesday’s top business news stories: Associated Press Private equity firm buying Shutterfly for $1.74 billion Tech on trial: House panel begins review of market power, by Marcy Gordon Bloomberg Regulators Alarmed by Risky Loans, But Don’t Know Who Holds Them, by Sally Bakewell, Thomas Beardsworth U.S. Small-Business Optimism Climbs to Highest in Seven […]
Talking Biz News Today — June 10, 2019
Some of Wednesday’s top business news stories: Associated Press World shares rise after US drops planned tariffs on Mexico, by Annabelle Liang G-20 finance officials pledge to protect global growth, by Elaine Kurtenbach Bloomberg Wall Street Giants Battle a Secret Deal Whisperer on Tech IPOs, by Sarah McBride, Liana Baker Why the Next Recession Will […]
Coverage: Raytheon and United Technologies negotiate merger
Raytheon and United Technologies are in talks to consolidate their businesses, which could create a $120-billion defense giant. Business Insider’s Theron Mohamed had the news: Two of the world’s largest aerospace and defense companies are joining forces to create the industry’s second-biggest player behind Boeing. United Technologies, which makes electronics and engines for the commercial-aviation […]
Coverage: Markets expect strong U.S. jobs figures for May
Analysts are unanimous in their expectations of a bullish U.S. jobs report for May, with the number of new additions pegged at 185,000. Lucia Mutikani from Reuters had the news: U.S. job growth likely increased solidly in May, with wage gains expected to pick up, showing strength in the labor market before an escalation in […]
Talking Biz News Today — June 7, 2019
Some of Friday’s top business news stories: Associated Press Mexico’s tequila exporters warily eye US tariffs deadline, by Rogelio Navarro, Christopher Sherman GOP officials rehash old fight against Volkswagen union vote, by Jonathan Matisse Bloomberg Baffled Analysts Have No Idea What They Want in Jobs Data, by Vildana Hajric, Elena Popina U.S. Household Wealth Hits […]
Coverage: Swiss financial watchdog fines banks for forex market rigging
The Swiss financial market regulator WEKO imposed a fine totaling $90.53 million on Citigroup, JP Morgan, Barclays, and the Royal Bank of Scotland for rigging foreign exchange rates. Reuters’ John Revill and Silke Koltrowitz had the news: Four British and U.S. banks have been fined 90 million Swiss francs ($90.53 million) for rigging the foreign […]
Talking Biz News Today — June 6, 2019
Some of Wednesday’s top business news stories: Associated Press Sales chief alleges Fiat Chrysler violated whistleblower law, by Tom Krisher Cuba restrictions hit cruise lines at the start of summer, David Koenig, Adriana Gomez Licon Bloomberg Aviva’s New CEO to Split Company and Cut 1,800 Jobs, by Will Hadfield U.S. Home Flippers Are Cashing Out […]
Coverage: China fines Ford JV $23.6 mln
Chinese regulators have fined a joint venture between Ford and a local automaker for violating anti-monopoly law. Brenda Goh and Yilei Sun from Reuters had the news: China’s market regulator fined Ford Motor Co’s main local joint venture 162.8 million yuan ($23.55 million) on Wednesday for violating anti-monopoly laws, the latest automaker with foreign partners […]
