Coverage: Pinterest falls 17% after first post-IPO earnings
Shares of Pinterest Inc. plunged in extended trading after the company posted a wider-than-expected loss in its first quarterly report following its public-market debut. Aisha Al-Muslim of The Wall Street Journal had the news: The drop makes Pinterest the latest technology company to encounter difficulty not long after a much-anticipated public offering. Pinterest shares were […]
Talking Biz News Today — May 17, 2019
Some of Friday’s top business news stories: Associated Press Countertops and rubber bands: US pursues obscure trade cases, by Paul Wiseman US economic sanctions on Huawei could backfire, by Frank Bajak Bloomberg Trump’s business earnings fall as revenue at Mar-A-Largo declines, by Shahien Nasiripour and Bill Allison Factories making a U.S. heart drug are plagued […]
Coverage: California concludes that PG&E caused huge fire
California investigators found that PG&E Corp.’s equipment sparked the deadliest wildfire in state history, putting additional pressure on a company already facing billions of dollars in fire-related liability costs. Katherine Blunt of The Wall Street Journal had the news: The California Department of Forestry and Fire Protection said on Wednesday it had determined that a PG&E […]
Coverage: Disney takes over Hulu
Walt Disney Co. said it will take full control of the Hulu service in a deal with Comcast Corp. as it vies for a bigger piece of the global video streaming market dominated by companies such as Netflix Inc. Kenneth Li and Vibhuti Sharma of Reuters had the news: The agreement, which ascribes a minimum equity value to […]
Talking Biz News Today — May 15, 2019
Some of Wednesday’s top business news stories: Associated Press Consumers could be collateral damage is US expands tariffs, by Paul Wiseman and Joyce Rosenberg Stocks rise, claw back chunk of Monday’s trade-war plunge, by Damian J. Troise and Stan Choe Bloomberg Uber blame game focuses on Morgan Stanley after shares plunge, by Eric Newcomer, Sonali Basak and Sridhar Natarajan Fidelity drops Goldman by […]
Coverage: Stock markets drop on trade war
The Dow Jones Industrial Average dropped more than 600 points Monday as investors sought shelter from an escalating trade war between the U.S. and China. Damian Troise and Alex Veiga of the Associated Press had the news: The selling was widespread and heavy, handing the benchmark S&P 500 index its biggest loss since January. The sell-off extended the […]
Talking Biz News Today — May 14, 2019
Some of Tuesday’s top business news stories: Associated Press China retaliates on tariffs, stock market goes into slide, by Joe McDonald and Paul Wiseman Businessman gets 4 years in prison for NYPD corruption scam, by Larry Neumeister Bloomberg Uber shares are quickly approaching “white knuckle” territory, by Esha Dey Bayer jury awards $2 billion damages in third Roundup trial, by Joel […]
Coverage: Uber falls 8% in first day of trading
Uber hit a few potholes on its first day of trading, closing down 8 percent on Friday and reflecting lingering doubts about its future prospects for profitability. Cathy Bussewitz, Michael Liedtke and Tom Krisher of the Associated Press had the news: The ride-hailing company injected investors with a dose of reality right out of the gate, trading at $42 […]
Talking Biz News Today — May 13, 2019
Some of Monday’s top business news stories: Associated Press Why tariff war threatens Beijing’s global economic ambitions, by Joe McDonald Trump has long seen previous US trade agreements as losers, by Kevin Freking Bloomberg All eyes on Uber’s second day of trading after debut flop, by Carolina Wilson California may go dark this summer, and most aren’t ready, […]
Coverage: Jeff Bezos wants to send people to the moon
Billionaire entrepreneur Jeff Bezos unveiled on Thursday a mockup of a lunar lander being built by his Blue Origin rocket company and touted his moon goals. Joey Roulette of Reuters had the news: The world’s richest man and Amazon.com Inc’s chief executive waved an arm and a black drape behind him dropped to reveal the two-story-tall […]
