Coverage: What’s next for Sears under Lampert?
Former Sears CEO and hedge fund billionaire Eddie Lampert got his wish as a bankruptcy judge approved his $5.2 billion plan to save 425 stores and 45,000 jobs, keeping the iconic retailer alive, but many are still questioning if that will actually happen. Jade Scipioni of FoxBusiness.com had the story: Ray Wimer, assistant professor of retailer practice at Syracuse […]
Talking Biz News Today — Feb. 11, 2019
Some of Monday’s top business news stories: Associated Press Tabloid CEO’s lawyer denies Examiner tried to extort Bezos, by Michael Balsamo US refiner Citgo emerges as key to Venezuela’s power battle, by Alexandra Olson Bloomberg Does Jay Powell have the stock market’s back? by Michael P. Regan Huawei sting offers rare glimpse of U.S. targeting a Chinese giant, […]
Talking Biz News Today — Feb. 8, 2019
Some of Friday’s top business news stories: Associated Press Bezos says Enquirer threatened to publish revealing pics, by Michael Balsamo US stock indexes drop as economic, earnings warnings rise, by Alex Veiga Bloomberg Student’s funds seized after paying $500,000 rent for penthouse, by Chris Elser Where tech giants are getting slapped over policy, by Stephanie Bodoni Fortune Why you […]
Coverage: Spotify is buying two podcasting companies
Spotify Technology SA is buying a pair of podcasting companies, accelerating its investment in non-music content as it seeks to broaden its appeal and snap up share of listening time from radio. Anne Steele of The Wall Street Journal had the news: The company, which is already the second-largest podcasting platform, said it would buy podcast publisher Anchor […]
Talking Biz News Today — Feb. 7, 2019
Some of Thursday’s top business news stories: Associated Press Video game companies lead modest slide in US stocks, by Damian J. Troise and Alex Veiga Some workers still unpaid after shutdown, dread what’s next, by Michelle R. Smith Bloomberg PG&E contains gas leak that caused San Francisco explosion, by David R. Baker and Will Wade Beer tax cut wins bipartisan support, by Laura […]
Coverage: Snap’s stock rises after smaller loss, higher revenue
Snap Inc. posted record revenue in its latest quarter and narrowed its loss considerably, as the social-media firm rode a boom in online advertising to inch closer to profitability. Georgia Wells of The Wall Street Journal had the news: Snap shares jumped immediately following the company’s report late Tuesday. Snap said its revenue rose 36% to $389.8 million […]
Talking Biz News Today — Feb. 6, 2019
Some of Wednesday’s top business news stories: Associated Press A hill of beans: Soybeans upstage trade talks, by Paul Wiseman Retail group forecasts solid retail sales growth for 2019, by Anne D’Innocenzio Bloomberg Here are the finance firms cutting jobs after turmoil in markets, by Shelly Hagan Greed is back as debt markets face an $8.6 trillion hangover, […]
Coverage: Bond king Bill Gross is retiring
Bill Gross, the one-time bond king who built investing giant Pimco from the ground up 48 years ago then went on to run his own fund at Janus Henderson, announced his retirement Monday. Jeff Cox of CNBC.com had the news: The retirement, effective March 1, marks the end of an era, closing a career for a […]
Talking Biz News Today — Feb. 5, 2019
Some of Tuesday’s top business news stories: Associated Press Five reasons why autonomous cars aren’t coming anytime soon, by Tom Krisher Corn syrup in beer: It’s for fermenting, not as a sweetener, by Candice Choi Bloomberg Alphabet profits slide as Google costs march upwards, by Gerrit De Vynck Super Bowl ad sales decline along with TV audience, […]
Coverage: January job growth blows away expectations
The U.S. economy blew away expectations for employment growth in January, adding 304,000 jobs amid the government shutdown and ongoing trade turmoil, and easing fears that a deep slowdown — or even a recession — is on its way. Danielle Paquette and Heather Long of The Washington Post had the news: January marked the 100th straight month of […]
