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 […]
Talking Biz News Today — May 10, 2019
Some of Friday’s top business news stories: Associated Press Democratic presidential candidates embrace staff unionizing, by Bill Barrow and Alexandra Jaffe Uber shifts into lower gear, prices IPO at $45/share, by Cathy Bussewitz and Michael Liedtke Bloomberg China is armed with powerful market weapons in duel with Trump, by Katherine Greifeld Trade brawl unmasks the stock market’s many warts, by Sarah Ponczek Fortune […]
Coverage: Walmart is raising the tobacco age to 21
Walmart Inc., one of the biggest U.S. cigarette sellers, is raising the minimum age to purchase tobacco products to 21 in all its stores and will stop selling fruit-flavored e-cigarettes, amid pressure from regulators to curb use by children and teens. Sarah Nassauer and Jennifer Maloney of The Wall Street Journal had the news: In April, the U.S. Food […]
Talking Biz News Today — May 9, 2019
Some of Thursday’s top business news stories: Associated Press US stocks slide as modest rally fades ahead of trade talks, by Damian J. Troise and Alex Veiga Ride-hailing drivers expose financial unrest ahead of Uber IPO, by Cathy Bussewitz Bloomberg Amazon hit by extensive fraud with hackers siphoning merchant funds, by Jonathan Browning Berkshire takes tax hit as victim of […]
Coverage: Papa John’s founder may sell 31% stake
After resigning from his company’s board of directors earlier this year, Papa John’s founder John Schnatter notified federal regulators this week that he’s open to selling his stake in the international pizza chain. Grace Schneider of the Louisville Courier Journal had the news: According to a U.S. Securities and Exchange Commission filing on Monday, Schnatter has enlisted unidentified financial advisers for […]
Talking Biz News Today — May 8, 2019
Some of Wednesday’s top business news stories: Associated Press Can US, China salvage their talks and end trade war? by Paul Wiseman Worsening US/China trade tensions rattle financial markets, by Alex Veiga Bloomberg Lyft signals no end to spending spree in first post-IPO results, by Eric Newcomer How the Apple store lost its luster, by Mark Gurman and Matthew Townsend […]
Coverage: Retailer Lord & Taylor is for sale
Hudson’s Bay Co. said it is pursuing strategic alternatives for Lord & Taylor, including a possible sale or merger of the department-store chain. Suzanne Kapner of The Wall Street Journal had the news: The discussions center on the operating business, not the real estate, which includes about 45 stores along the East Coast, a person familiar with the […]
Talking Biz News Today — May 7, 2019
Some of Tuesday’s top business news stories: Associated Press US plans to hike tariffs on Friday, says China broke promises, by Paul Wiseman and Joe McDonald A grim preview of trade war takes shape, by Matt Ott Bloomberg Anadarko accepts Occidental bid; Chevron has four days to react, by Rachel Adams-Heard and Kevin Crowley Two pillars of the stock market just became […]
Coverage: Unemployment is near a 50-year low
U.S. job growth surged in April and the unemployment rate dropped to the lowest in nearly half a century, pointing to sustained strength in economic activity even as last year’s massive stimulus from Republican tax cuts and spending increases fades. Lucia Mutikani of Reuters had the news: The Labor Department’s closely watched monthly employment report on […]
Talking Biz News Today — May 6, 2019
Some of Monday’s top business news stories: Associated Press Berkshire Hathaway investors worry about life after Buffett, by Josh Funk Atlantic City’s Ocean Casino is finally making money, by Wayne Parry Bloomberg One word grips the bond market before crucial inflation update, by Katherine Greifeld How do-gooder companies can score cheaper loans, by Jacqueline Poh Fortune How Nashville is […]
