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 […]
Talking Biz News Today — May 28, 2019
Some of Tuesday’s top business news stories: Associated Press Green parties’ gain could push climate action in Europe, by Frank Jordans World stocks rose as EU vote avoids worst case scenarios, by Elaine Kurtenbach Bloomberg Trudeau government gives notice it intends to approve new NAFTA deal, by Theophilos Argitis The world’s rarest cars on show at Lake Como, by Hannah […]
Coverage: Tesla shares rise as orders are up
Shares of Tesla Inc., suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up. Tom Krisher of the Associated Press had the news: The company’s stock closed up 1.4% to $195.49 on a volatile day that started out with a loss. Tesla stock has shed […]
Talking Biz News Today — May 24, 2019
Some of Friday’s top business news stories: Associated Press Trump pledges $16B to farmers, markets slump, by Paul Wiseman and Christopher Rugaber Facebook: Fake account removals double in 6 months to 3B, by Barbara Ortutay Bloomberg Almost 40% of Americans would struggle to cover a $400 emergency, by Matthew Boesler Luckin Coffee burns investors with 43% plunge form high after […]
Coverage: Lowe’s earnings disappoint, but online sales shine
Home improvement retailer Lowe’s Cos. posted disappointing earnings on Wednesday, but a surge in online sales reflected one bright spot for the company. Aine Cain of Business Insider had the news: Lowes.com saw a 16% jump in comparative sales, which Lowe’s CEO Marvin Ellison attributed to the chain’s commitment to refurbishing its online presence. Its same-store […]
Talking Biz News Today — May 23, 2019
Some of Thursday’s top business news stories: Associated Press US stocks fall on mixed earnings, trade tensions, by Damian J. Troise and Alex Veiga Retailers, shoppers could feel more pain if tariffs spread, by Anne D’Innocenzio Bloomberg Fed pushes back against rate cuts that markets continue to seek, by Craig Torres Tesla’s woes make it a “restructuring story,” Morgan […]
Coverage: Urban Outfitters will start renting clothes
Urban Outfitters Inc. is jumping into clothing rental, trying to tap one of the fastest-growing areas of fashion without discouraging shoppers from visiting its stores. Khadeeja Safdar of The Wall Street Journal had the news: The company, which owns the namesake chain along with Free People and Anthropologie stores, is set to launch this summer an […]
Talking Biz News Today — May 22, 2019
Some of Wednesday’s top business news stories: Associated Press U.S. home sales fell 0.4% in April amid limited supply, by Josh Boak Department store woes reflected in latest batch of results, by Anne D’Innocenzio Bloomberg A blood test can predict dementia. Trouble is, there’s no cure, by Kanoko Matsuyama Blue states warned of a SALT apocalypse. It hasn’t […]
Talking Biz News Today — May 21, 2019
Some of Tuesday’s top business news stories: Associated Press Report: More companies in China handing over technology, by Joe McDonald Seeing a twisted road ahead, Ford cuts 7k white-collar jobs, by Tom Krisher Bloomberg DOJ leans against approving T-Mobile’s takeover of Sprint, by David McLaughlin Nike, Adidas call tariffs “catastrophic” in open letter to Trump, by Eben Novy-Williams […]
Coverage: Dressbarn is closing all 650 stores
Dressbarn announced Monday “plans to commence a wind-down of its retail operations, including the eventual closure of its approximately 650 stores.” Kelly Tyko of USA Today had the news: All Dressbarn stores are open along with the website, the statement said. There are no current changes to Dressbarn’s return, refund, or gift card policies. “During the […]
