Coverage: Apple earnings show slowing iPhone sales
Apple released its latest earnings Tuesday, and while the Cupertino, Calif.-based company once again put up an impressive quarter, there was one red flag that got people talking. Sales of the company’s hugely popular iPhone grew just 1 percent year-over-year, marking the devices slowest growth ever and setting tongues wagging about the future of the iPhone. […]
Talking Biz News Today – Jan. 27, 2016
Some of Wednesday’s top business news stories: The Wall Street Journal Lockheed Martin to separate government IT business, by Doug Cameron Can Apple’s Tim Cook keep the iPhone buzzing in China?, by Daisuke Wakabayashi Bloomberg Weight Watchers jumps after Oprah says she’s lost 26 pounds, by Nick Turner Facebook settles investor suit over claim of excessive pay, […]
Coverage: AIG restructures after pressure mounts
After three months of public criticism from activist investor Carl Icahn, the American International Group announced a spinoff of its mortgage insurance unit along with other sweeping changes to fend of his attacks momentarily. Reuters had the day’s news: American International Group said it would spin off its mortgage insurance unit and sell its broker-dealer […]
Talking Biz News Today – Jan. 26, 2016
Some of Tuesday’s top business news stories: The Wall Street Journal American Apparel’s chapter 11 plan approved, by Lillian Rizzo Deficiencies found at Theranos lab, by John Carreyrou, Christopher Weaver and Michael Siconolfi Bloomberg BlackRock says clients are shifting away from stocks, by Katherine Chiglinsky and Lily Katz Wal-Mart: It came, it conquered, now it’s packing up and leaving, by Shannon […]
Coverage: Johnson Controls, Tyco to merge
Johnson Controls confirmed its merger with Tyco International in a $3.9 billion deal that will see the Milwaukee-based company move its headquarters to Ireland. Phil Serafino of Bloomberg had the day’s news: Johnson Controls Inc. agreed to merge with Tyco International Plc, combining the companies’ building-control businesses. The deal would move Johnson Controls to Ireland, […]
Talking Biz News Today – Jan. 25, 2016
Some of Monday’s top business news stories: The Wall Street Journal Twitter to revamp leadership under CEO Jack Dorsey, by Yoree Koh Investor chill hits technology sector, by Sam Schechner Bloomberg What’s worrying the Davos elite? Plenty, by Simon Kennedy and Matthew Campbell What to look for in Apple earnings, by Adam Satariano The Associated Press Restaurants, theaters face biggest hit […]
Coverage: JPMorgan CEO gets raise despite cutbacks
JPMorgan Chase & Co. CEO James Dimon saw a 35 percent hike in compensation for 2015, despite industrywide cutbacks. Dimon will receive $27 million in total compensation for the year, the company disclosed in a securities filing. Emily Glazer of The Wall Street Journal had the day’s news: J.P. Morgan Chase & Co. Chief Executive James Dimon will […]
Talking Biz News Today – Jan. 22, 2016
Some of Friday’s top business news stories: The Wall Street Journal Verizon swings to a profit, by Chelsey Dulaney ECB’s Mario Draghi hints at more stimulus in March, by Paul Hannon and Todd Buell Bloomberg Short sellers making an even bigger killing than you think, by Camila Russo IBM said to pay $130 million to acquire video startup Ustream, […]
Coverage: Pearson cuts 10 percent of workforce
Pearson, ex-owner of Financial Times, plans to cut 4,000 in an attempt to salvage its earnings after falling textbook sales and shrinking college enrollments have weakened the company’s profitability. The cut in jobs is equivalent to 10 percent of the publisher’s workforce. Nicola Clark of The New York Times had the day’s news: Pearson, the […]
Talking Biz News Today – Jan. 21, 2016
Some of Thusday’s top business news stories: The Wall Street Journal U.S. tech companies bring encryption battle to Davos, by Sam Schechner Wal-Mart to increase wages for most U.S. store workers, by Sarah Nassauer Bloomberg Airbus delivers its new plane. Almost no one notices, by Justin Bachman Comcast says ‘Minions’ is Universal’s most profitable movie ever, by Christopher Palmeri The Associated […]
