Coverage: More people are drinking Starbucks
Starbucks Inc. on Thursday reported earnings that outpaced analyst expectations and raised its outlook for the year, as customers spent more at its cafes in the U.S. and sales growth in China was stronger than expected. Amelia Lucas of CNBC.com had the news: “We are especially pleased with our comparable store sales growth in our two […]
Talking Biz News Today — April 26, 2019
Some of Friday’s top business news stories: Associated Press US stocks end mostly lower, weighed down by industrials, by Alex Veiga Amazon’s profit more than doubles on cloud computing growth, by Joseph Pisani Bloomberg Uber aims for an IPO valuation of as much as$90 billion, by Olivia Zaleski and Eric Newcomer Amazon will spend $800 million to move to one-day […]
Coverage: Chipotle’s earnings, sales surprise Wall Street
Chipotle Mexican Grill Inc. beat sales and profit expectations in its latest quarter, continuing to regain its footing after operational problems spooked customers and investors. Heather Haddon of The Wall Street Journal had the news: The taco-and-burrito chain on Wednesday reported a profit of $3.13 a share on $88.1 million in income, up from $2.13 per diluted share […]
Talking Biz News Today — April 25, 2019
Some of Thursday’s top business news stories: Associated Press Facebook anticipates an FTC privacy fine of up to $5 billion, by Barbara Ortutay Boeing’s troubled jet is costing $1 billion to fix so far, by David Koenig Bloomberg Microsoft sales top estimates amid flurry of cloud wins, by Dina Bass and Nico Grant Macy’s in early talks to put an […]
Coverage: Twitter shares jump 13% on strong growth
Shares in Twitter Inc. jumped 13 percent on Tuesday after the social media company reported quarterly revenue above analyst estimates, the result of weeding out spam and abusive posts and targeting ads better. Angela Moon of Reuters had the story: New ad formats, partnerships with content providers like the U.S. National Basketball Association and efforts to […]
Talking Biz News Today — April 24, 2019
Some of Wednesday’s top business news stories: Associated Press Back to the same record, but it’s a different stock market, by Stan Choe US move to end Iran exemptions sending oil prices higher, by David McHugh Bloomberg CBS suspends CEO search, signs Joseph Ianniello through end of year, by Lucas Shaw Record number of consumers waiting to upgrade […]
Coverage: Samsung delays release of folding phone
Samsung Electronics Co. delayed the rollout of its Galaxy Fold because of technical problems just days ahead of its planned launch, a blow to the hardware giant and its hopes for a product it billed as one of the smartphone market’s biggest innovations in years Timothy Martin and Sarah Needleman of The Wall Street Journal had the news: The Galaxy […]
Talking Biz News Today — April 23, 2019
Some of Tuesday’s top business news stories: Associated Press Tesla CEO plans to hand the car keys to robots next year, by Michael Liedtke and Tom Krisher US stock indexes end mostly lower after listless trading day, by Alex Veiga Bloomberg Goldman says Fed losing forecast edge is markets game-changer, by Joanna Ossinger Disneyland’s $763 rooms are all that’s left […]
Coverage: Tesla is cutting the size of its board
Tesla Inc. said it’s shaking up its board with four directors, including three long-time insiders, to leave when their current terms expire, according to a surprise announcement in an SEC filing that posted late Friday. Alan Ohnsman of Forbes had the news: The move is part of a “phased streamlining of the size of the Board to […]
Talking Biz News Today — April 22, 2019
Some of Monday’s top business news stories: Associated Press Corporate America embraces 420 as pot legalization grows, by Alex Veiga US home construction slips 0.3% in March, by Josh Boak Bloomberg Tesla takes short seller to court, saying he menaced its workers, by Peter Blumberg Marijuana delivery app crashes on pot industry’s Black Friday, by Hailey Waller Fortune How […]
