Coverage: The National Enquirer is for sale
The National Enquirer is up for sale, parent American Media Inc. announced in a statement Thursday, alongside its other tabloids, including the Globe and National Examiner brands. Megan Henney of Fox Business had the story: The tabloid has been embroiled in a number of scandals surrounding Trump. AMI allegedly paid a Playboy model Karen McDougal $150,000 […]
Talking Biz News Today — April 12, 2019
Some of Friday’s top business news stories: Associated Press Uber reveals strong growth, huge losses ahead of IPO, by Cathy Bussewitz and Michael Liedtke Apartment rents climbing, and poised to go higher, by Alex Veiga Bloomberg In Hong Kong, $1.2 million will only buy you an average house, by Katrina Nicholas More black U.S. farmers, but few own land or […]
Coverage: Uber IPO to value company at $100 billion
Uber will seek Thursday to begin selling roughly $10 billion in stock in an initial public offering and attain a valuation of between $90 million and $100 billion and become the largest tech IPO since Chinese e-commerce business Alibaba in 2014. Cameron Albert-Deitch of Inc. magazine had the news: The registration will provide investors with their […]
Talking Biz News Today — April 11, 2019
Some of Thursday’s top business news stories: Associated Press Amazon’s growing ties to oil industry irks some employees, by Joseph Pisani CEOs of big banks face off with House Democrats, by Ken Sweet Bloomberg Amazon workers are listening to what you tell Alexa, by Matt Day, Giles Turner and Natalia Drozdiak Fed signals a year of patience is ahead […]
Time magazine planning new business and tech coverage
Time magazine, which was sold earlier this year to new owners, is planning to expand its business and technology coverage, according to a memo Wednesday from editor in chief Edward Felsenthal. Deputy editor Eben Shapiro will oversee the expansion. “A former New York Times business reporter who later led coverage of personal health at the Wall Street Journal, […]
Coverage: Saudi Aramco raises $12 billion in massive bond sale
Saudi Aramco raised $12 billion in its debut international bond Tuesday, an issuance that sparked massive interest among investors eager to access the world’s most profitable company. Rory Jones, Summer Said and Avantika Chilkoti of The Wall Street Journal had the news: Government-owned Aramco, known officially as Saudi Arabian Oil Co., received more than $100 billion […]
Talking Biz News Today — April 10, 2019
Some of Wednesday’s top business news stories: Associated Press Airbnb reverses, will allow listings in Israeli settlements, by Dee-Ann Durbin Boeing orders and deliveries tumble as Max jet is grounded, by David Koenig Bloomberg Ford CEO tamps down expectations for first autonomous vehicles, by Keith Naughton Apple credit card gives Goldman Sachs rare customer role, by Mark […]
Coverage: Pinterest plans to raise $1.2 billion in an IPO
Pinterest Inc. set a price range of $15 to $17 for its initial public offering, a range that is below where it last raised money privately, as the image-search company begins its roadshow to pitch the shares to investors Monday. Maureen Farrell of The Wall Street Journal had the news: The company said it plans […]
Talking Biz News Today — April 9, 2019
Some of Tuesday’s top business news stories: Associated Press S&P 500 ekes out gain, enough to extend winning streak, by Stan Choe Big tech feels the heat as US moves to protect consumer data, by Marcy Gordon Bloomberg Twitter’s Jack Dorsey gets $1.40 salary in nod to old character limit, by Anders Melin Tesla opens a new quarter […]
Coverage: Boeing is cutting 737 Max production
Boeing Co. is cutting production of 737 Max jets as the company moves quickly to finalize a fix that will get the grounded aircraft flying again. Phil LeBeau of CNBC had the news: Boeing’s monthly production of the aircraft, involved in two crashes since October, is dropping by 20 percent from the current level of 52 […]
