Coverage: Congress to launch antitrust probe into Big Tech
The U.S. government is gearing up for an antitrust investigation into Big Tech on concern the four largest tech companies may be abusing their market position. AP’s Rachel Lerman had the news: On Monday, the House Judiciary Committee announced a sweeping antitrust probe of unspecified technology companies. In a statement, it promised “a top-to-bottom review […]
Talking Biz News Today — June 4, 2019
Some of Tuesday’s top business news stories: Associated Press Congress launches Big Tech antitrust probe, by Rachel Lerman Renault to respond to Fiat Chrysler marriage proposal by Angela Charlton Bloomberg Shell Promises Significant Increase in Returns to Investors, by Kelly Giblom Markets Are Screaming Rate Cuts. It’s Fed’s Turn to Respond, by Katherine Greifeld, James […]
Coverage: Sephora closing more than 400 stores for diversity training
Sephora will close more than 400 stores on Wednesday to host diversity training for employees in the wake of artist SZA alleging that an employee recently thought she was stealing. Ella Torres of the New York Daily News had the story: The beauty store announced the decision last week on Facebook, noting that “every Sephora store, distribution […]
Talking Biz News Today — June 3, 2019
Some of Monday’s top business news stories: Associated Press China blames US for trade dispute, but doesn’t escalate, by Christopher Bodeen Trump turbulence slows momentum for North American trade deal, by Kevin Freking Bloomberg Morgan Stanley sees recession within a year if trade war gets any worse, by Will Mathis and Enda Curran Boeing ordered to replace 737 wing parts […]
Coverage: FedEx will start delivering seven days/week
FedEx plans to deliver packages seven days a week starting next January as it tries to keep up with the continuing boom in online shopping. David Koenig of the Associated Press had the news: The company is also taking back nearly 2 million daily deliveries to homes that are currently handled by the post office in […]
Talking Biz News Today — May 31, 2019
Some of Friday’s top business news stories: Associated Press Why the US economy may have already peaked for the year, by Martin Crutsinger Uber’s Q1 losses reach $1B despite revenue growth, by Cathy Bussewitz Bloomberg JPMorgan agrees to record settlement in anti-dad bias case, by Josh Eidelson Icahn sues Occidental and threatens fight for board, sale, by Scott Deveau and Michael […]
Coverage: Abercrombie’s stock falls 25% on slow sales
Abercrombie & Fitch Co.’s shares fell 25% percent on Wednesday after the apparel company forecast second-quarter sales below estimates amid slowing demand for Hollister, a brand that has fueled company growth over the last two years. Uday Sampath Kumar of Reuters had the news: The company also said it would close three flagship stores, including a […]
Talking Biz News Today — May 30, 2019
Some of Thursday’s top business news stories: Associated Press Ethiopian pilot pleaded for training weeks before Max crash, by Bernard Condon Stock close lower, on track for first monthly loss of 2019, by Damian J. Troise and Alex Veiga Bloomberg U.S. wants T-Mobile to create new competitor as part of deal, by David McLaughlin, Scott Moritz and Nabila Ahmad The […]
Talking Biz News Today — May 29, 2019
Some of Wednesday’s top business news stories: Associated Press Key challenges facing a Fiat Chrystler-Renault merger, by Colleen Barry and Angela Charlton Chinese tourism to US drops first time in 15 years, by Dee-Ann Durbin Bloomberg Uber bears already snatched up 70% of shares available to short, by Elena Popina Amazon is poised to unleash a long-feared purge […]
Coverage: Fiat Chrysler proposes merger with Renault
Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest automaker. Giulio Piovaccari and Laurence Frost of Reuters had the news: If it goes ahead, the $35 billion-plus tie-up would alter the landscape for rivals including General […]
