Coverage: Facebook passwords were improperly stored
Facebook Inc. for years stored hundreds of millions of user passwords in a format that was accessible to its employees, in yet another privacy snafu for the social-media giant. Jeff Horwitz and Robert McMillan of The Wall Street Journal had the news: The incident disclosed by the company Thursday involved a wide swath of its users, though Facebook said no passwords were […]
Talking Biz News Today — March 22, 2019
Some of Friday’s top business news stories: Associated Press Trump blames Fed for holding back economic growth in 2018, by Darlene Superville and Martin Crutsinger Boeing to make safety feature standard on troubled Max jets, by David Koenig and Tom Krisher Bloomberg Uber picks New York Stock Exchange for its mega IPO, by Eric Newcomer Nike drops as North America sales rebound […]
Coverage: Levi Strauss goes public again
Levi Strauss & Co. said it sold $623.3 million in shares in its initial public offering on Wednesday, as the U.S. jeans maker looks to return to the stock market after 34 years as a family-owned company. Joshua Franklin and Uday Sampath Kumar of Reuters had the news: With the stock market hovering near all-time highs, Levi priced […]
Talking Biz News Today — March 21, 2019
Some of Thursday’s top business news stories: Associated Press Federal Reserve foresees no interest rate hikes in 2019, by Martin Crutsinger Ford repackages investment, boosts jobs from 850 to 900, by Tom Krisher Bloomberg JPMorgan to use games, not visits, in investment-banking recruiting, by Hannah Levitt Direct Lending fund founder resigns amid SEC investigation, by Zeke Faux Fortune Bank […]
Coverage: FedEx drops its 2019 projections for a second time
FedEx Corp. on Tuesday cut its 2019 profit forecast for the second time in three months, sending its shares down 5 percent and fueling fresh worries it is losing ground in Europe to delivery rivals United Parcel Service Inc. and Deutsche Post DHL Group. Lisa Baertlein and Ankit Ajmera of Reuters had the news: The profit warning and […]
Talking Biz News Today — March 20, 2019
Some of Wednesday’s top business news stories: Associated Press Coal tax cut endangers federal black lung fund, by Dylan Lovan Facebook to overhaul ad targeting to prevent discrimination, by Barbara Ortutay Bloomberg Glossier is NYC’s newest unicorn with $1.2 billion valuation, by Olivia Carville SEC stunned that Musk failed to get pre-approval of tweets, by Dana Hull Fortune […]
Coverage: Lyft begins road show for huge IPO
Lyft Inc. pegged its valuation at between $21 billion and $23 billion as the ride-hailing service kicked off the roadshow to market its initial public offering Monday. Maureen Farrell of The Wall Street Journal had the news: The range, equating to between $62 and $68 a share, is preliminary and could change by the time the […]
Talking Biz News Today — March 19, 2019
Some of Tuesday’s top business news stories: Associated Press Energy companies lead modest gains for US stock indexes, by Stan Choe and Alex Veiga Fed set to signal no expectation of rate hikes anytime soon, by Martin Crutsinger Bloomberg Two big IPOs wake 2019’s market from a sleepy start, by Elizabeth Fournier SEC fires back at Elon Musk over unvetted […]
Coverage: Google wants to take on the gaming industry
Google now seeks to take a stab at revolutionizing the $100+ billion gaming industry currently dominated by incumbents like Microsoft, Sony and Nintendo. Todd Haselton of CNBC.com had the news: As Google seeks to diversify its revenue sources beyond digital ads, gaming presents a massive opportunity for the company. But Google appears poised to take a different approach when it presents […]
Talking Biz News Today — March 18, 2019
Some of Monday’s top business news stories: Associated Press Germany’s Deutsche Bank, Commerzbank hold talks on merger, by Geir Moulson Apple Watch may spot heart problem, but more research needed, by Lauran Neergaard Bloomberg Facebook’s vulnerabilities highlighted during a tough week, by Molly Schuetz AirAsia’s CEO quits Facebook, citing New Zealand shooting, by Chanyaporn Chanjaroen Fortune Data sheet: Intel’s AI […]
