Coverage: Retail sales rose 1.6% in March
U.S. retail sales surged in March at the fastest pace since late 2017, as spending on autos, gasoline, furniture and clothing jumped. Josh Boak of the Associated Press had the news: The Commerce Department said Thursday that sales increased a seasonally adjusted 1.6% from February, the strongest increase since September 2017. The gains mark a sharp […]
Talking Biz News Today — April 19, 2019
Some of Friday’s top business news stories: Associated Press IPO mania: Zoom zooms, Pinterest pins down Wall Street mania, by Barbara Ortutay National Enquirer sold to former newsstand mogul, by Bernard Condon Bloomberg One profit puzzle is weighing on stock investors, by Sarah Ponczek and Vildana Hajric Amazon launches free music streaming service to juice Alexa device sales, […]
Coverage: Pinterest raises $1.4 billion in IPO
Pinterest Inc.’s initial public offering set the online scrapbook company’s valuation at $12.7 billion on Wednesday, above its expectations and a sign of strength for the tech IPO market after Lyft Inc.’s struggles. Joshua Franklin of Reuters had the news: Pinterest, where users save ideas for clothes, décor and recipes, is due to start trading on […]
Talking Biz News Today — April 18, 2019
Some of Thursday’s top business news stories: Associated Press Health care companies lead stocks lower; small-caps slump, by Alex Veiga To some market vets, stocks are rallying like it’s 1999, by Stan Choe Bloomberg Powell adopts an inflation stance Yellen shunned, by Rich Miller and Craig Torres Mortgage investors keep a wary eye on surging home purchases, by Christopher Maloney Fortune […]
Coverage: Apple and Qualcomm have settled their dispute
Apple Inc. and Qualcomm Inc. agreed to dismiss all litigation between the two companies world-wide and forged a new license agreement, ending a long-brewing legal battle over how royalties are collected on innovations in smartphone technology. Tripp Mickle and Asa Fitch of The Wall Street Journal had the news: The settlement, which came hours after opening arguments in a trial between the […]
Talking Biz News Today — April 17, 2019
Some of Wednesday’s top business news stories: Associated Press Netflix adds 9.6M subscribers in 1Q as competition heats up, by Michael Liedtke New Samsung handset: Innovation hinges on folding screen, by Kelvin Chan Bloomberg Biggest U.S. health insurer wades into “Medicare for all” debate, by Drew Armstrong and John Tozzi The dollar looks poised to wreak havoc, by Robert […]
Coverage: Best Buy names a new CEO
Best Buy CEO Hubert Joly is handing leadership of the reinvigorated electronics retailer to longtime executive Corie Barry as part of the company’s succession plan. Damian Troise and Anne D’Innocenzio of the Associated Press had the news: Barry, who is currently the company’s chief financial and strategic transformation officer, will become the fifth CEO in Best Buy’s 53-year […]
Talking Biz News Today — April 16, 2019
Some of Tuesday’s top business news stories: Associated Press Mnuchin says Fed independence is important globally, by Martin Crutsinger Unions urge Democrats to focus on kitchen table economics, by Michelle L. Price and Nicholas Riccardi Bloomberg With Disney in control, Hulu buys out AT&T for $1.4 billion, by Nick Turner House Democrats subpoena Deutsche Bank, others amid Trump probe, by […]
Coverage: Disney is launching a streaming service
Walt Disney Co. is launching a streaming service for 7,500 episodes and 500 movies that will cost $6.99 per month. Andrew Keshner of MarketWatch.com had the news: Disney will be able to release “Captain Marvel,” which was released on March 8 and has earned over $1 billion in the global box office ($377 million of that […]
Talking Biz News Today — April 15, 2019
Some of Monday’s top business news stories: Associated Press China’s auto show highlights electric ambitions, by Joe McDonald American Airlines cancels Max flights through mid-August, by Cathy Bussewitz Bloomberg Booze dynasties control $70 billion of world’s liquor wealth, by Tom Metcalf and Tom Maloney The changing face of farms: Women step in as growers age, by Lydia Mulvaney, Kevin Varley and Cedric Sam […]
