Coverage: Tesla unveils $35,000 Model 3, to close stores
Tesla Inc. said on Thursday it would not be profitable in the first quarter, as it offered for the first time a $35,000 version of its Model 3 sedan and said its global sales would now be online-only. Alexandria Sage of Reuters had the news: Chief Executive Elon Musk’s warning on profit during a conference call […]
Talking Biz News Today — March 1, 2019
Some of Friday’s top business news stories: Associated Press Gap to split into two, with Old Navy gaining independence, by Anne D’Innocenzio Amazon, wrestling with counterfeits, seeks to crack down, by Joseph Pisani Bloomberg The tale of the Telluride banker who robbed for good, by Joe Nocera Kraft Heinz couldn’t stomach 3G’s relentless cost-cutting, by Craig Giammona and Katherine Chiglinsky Fortune […]
Talking Biz News Today — Feb. 28, 2019
Some of Thursday’s top business news stories: Associated Press Powell says Fed likely to end bond trimming by end of 2019, by Martin Crutsinger Walmart is getting rid of greeters, worrying the disabled, by Michael Rubinkam Bloomberg Ugly batch of tech earnings sends shares tumbling after hours, by Jeran Wittenstein Tesla to pay $920 million bond as […]
WSJ taps Copeland to cover Google
Wall Street Journal global tech editor Jason Dean sent out the following announcement on Wednesday morning: Colleagues, I’m pleased to announce that Rob [Copeland] is stepping into a new role covering Google and its multifaceted parent company. In the nine months since he arrived in San Francisco, Rob has written enlightening and exclusive stories on […]
Coverage: Court rules in favor of AT&T/Time Warner deal
AT&T Inc. emerged victorious on Tuesday over the Trump administration’s drawn-out attempts to block its $85.4 billion purchase of Time Warner as the U.S. Justice Department said it would not fight an appeals court ruling approving the deal. Diane Bartz and David Shepardson of Reuters had the news: The acquisition had been closely watched in political circles after […]
Talking Biz News Today — Feb. 27, 2019
Some of Wednesday’s top business news stories: Associated Press US keeps air pollution standard established under Obama, by Matthew Brown Oregon becomes first state to impose rent control, by Sarah Zimmerman Bloomberg Oprah’s fortune takes another hit on Weight Watchers rout, by Sophie Alexander JPMorgan’s $50 billion fund is selling stocks on dovish Fed, by Ruth Carson Fortune Here […]
Coverage: GE to sell its biopharma business for $21 billion
General Electric Co. said on Monday it would sell its biopharma business to Danaher Corp. for $21.4 billion in the biggest strategy reversal since Lawrence Culp took over as the industrial conglomerate’s chief executive in September. Ankit Ajmera and Manas Mishra of Reuters had the news: GE rejected an approach by Danaher for that business a year ago. […]
Talking Biz News Today — Feb. 26, 2019
Some of Tuesday’s top business news stories: Associated Press SEC wants Tesla CEO Musk held in contempt for tweeting, by Michael Liedtke US stocks close higher after Trump postpones tariff increase, by Damian Troise and Alex Veiga Bloomberg John Childs retires from namesake firm in wake of prostitution sting, by Hema Parmar Ex-Goldman banker may finish massive gold deal five […]
Coverage: Warren Buffett’s annual shareholders letter sparks interest
Warren Buffett released his annual shareholders letter to Berkshire Hathaway Inc. on Saturday, a missive that draws interest from people who want to know what one of the world’s greatest investors is thinking. Peter Eavis, Stephen Grocer and Jaime Condliffe of The New York Times had the news: In his annual letter to Berkshire’s shareholders that accompanied […]
Talking Biz News Today — Feb. 25, 2019
Some of Monday’s top business news stories: Associated Press China’s Huawei unveils 5G phone with folding screen, by Kelvin Chan Ground-breaking electric Chevrolet Volt runs out of juice, by Tom Krisher Bloomberg Trump’s trade chief lectures his boss and gets an earful in return, by Jennifer Jacobs and Justin Sink Kraft charges reveal a sordid world thriving in Florida, by Jonathan […]
