Talking Biz News Today — Jan. 17, 2019
Some of Thursday’s top business news stories: Associated Press Big bank rally helps U.S. stocks finish higher; Goldman soars, by Marley Jay From travel to IPOs, how shutdown is affecting the U.S. economy, by Christopher Rugaber Bloomberg Apple plans to cut back on hiring due to iPhone sales struggles, by Mark Gurman Palantir posted nearly $1 billion in […]
Coverage: Walmart threatens to leave CVS over costs
CVS Health Corp. is battling Walmart Inc. over the cost of filling prescriptions, a clash that could result in a split between the retail behemoth and the health-care giant. Anna Wilde Matthews and Sarah Nassauer of The Wall Street Journal had the story: Walmart is expected to leave CVS Caremark pharmacy networks over the dispute, a split that […]
Talking Biz News Today — Jan. 16, 2019
Some of Wednesday’s top business news stories: Associated Press Federal workers take on odd jobs to make ends meet, by Michelle R. Smith The IRS is recalling 46,000 workers to handle tax returns, by Marcy Gordon Bloomberg Snap finance chief Stone quits after eight months; shares drop, by Sarah Frier Morgan Stanley names 145 managing directors, its top […]
Coverage: PG&E plans to file for bankruptcy protection
PG&E Corp. stock cratered Monday after the company said it will file for Chapter 11 bankruptcy protection amid the financial anguish stemming from its part in helping spark a wave of historic wildfires in California. Thomas Franck of CNBC.com had the news: Shares of the company plunged 52 percent to $8.38 per share Monday, one day after […]
Talking Biz News Today — Jan. 15, 2018
Some of Tuesday’s top business news stories: Associated Press Company known for deep cost-cutting offers to buy Gannett, by Mae Anderson Another sign of weakness in China weighs on US stocks, by Marley Jay Bloomberg Security waits top an hour at Atlanta airport amid shutdown, by Alan Levin and Mary Schlangenstein Richard Clarida hints Fed may not raise rates […]
Coverage: NBC and Kelly reach a separation agreement
NBC News announced its professional divorce agreement with Megyn Kelly late Friday, ending an association with the former Fox News Channel star whose attempt to become a network morning television star as part of the “Today” show floundered. David Bauder of the Associated Press had the news: Terms were not disclosed. Kelly was in the second […]
Talking Biz News Today — Jan. 14, 2018
Some of Monday’s top business news stories: Associated Press Trade war’s wounded: Companies improvise to dodge cost hikes, by Paul Wiseman Industry wary of alternatives tries to protect a word: meat, by Grant Schulte Bloomberg The new American car recession has already started, by Keith Naughton, David Welch and Gabrielle Coppola Millennial women are pouring into jobs, fueling U.S. labor […]
Coverage: Fed chair Powell says it will be “patient”
Jerome H. Powell, the Federal Reserve chairman, reiterated Thursday that the Fed plans to evaluate the health of the economy before moving ahead with any new interest rate increases. Binyamin Appelbaum of The New York Times had the news: Patience is the Fed’s new watchword, and Mr. Powell used it at least four times in his remarks. He […]
Talking Biz News Today — Jan. 11, 2019
Some of Friday’s top business news stories: Associated Press Industrials lead US stocks higher again; Macy’s nosedives, by Marley Jay Strong economy does little to lift department store sales, by Anne D’Innocenzio and Michelle Chapman Bloomberg JPMorgan to boost bonus pull for stock traders, bankers, by Michelle Davis Burned-out millennials need careers, not just jobs, by Noah Smith Fortune Bitcoin tumbles […]
Coverage: Lampert raises bid for Sears to $5 billion
Sears Chairman Eddie Lampert has submitted a revised bid of roughly $5 billion in a last-ditch attempt to save the retailer from liquidation. Lauren Hirsch of CNBC.com had the story: This latest attempt comes one day after Lampert’s initial $4.4 billion bid to save Sears was rejected by the company. It faced a number of challenges, […]
