Talking Biz News Today — Nov. 29, 2018
Some of Thursday’s top business news stories: Associated Press Stocks surge as Powell hints at slower interest rate hikes, by Marley Jay U.S. economy grew at brisk 3.5% annual rate last quarter, by Christopher Rugaber Bloomberg Sub-$2 gasoline pops up in 20 states after oil’s drop, by Ryan Collins The $15 billion money pit dragging GE down, by Katherine […]
Coverage: Conde Nast CEO is leaving amid restructuring
Condé Nast Chief Executive Bob Sauerberg is stepping down, just months after he outlined an ambitious plan to return the magazine publisher to profitability by 2020. Jeffrey A. Trachtenberg of The Wall Street Journal had the news: Mr. Sauerberg will stay on in his role until the appointment of his successor, who will oversee both Condé […]
Talking Biz News Today — Nov. 28, 2018
Some of Wednesday’s top business news stories: Associated Press White House expresses “disappointment,” “anger” at GM, by Jonathan Lemire and Zeke Miller Apple’s stock sours, Microsoft soars. Say what? by Matt O’Brien Bloomberg Fed officials acknowledge economic weaknesses yet remain upbeat, by Christopher Condon and Jeanna Smialek Salesforce jumps on strong sales, continues rapid growth, by Nico Grant Fortune “Facebook has a black […]
Coverage: GM plans to close five plants, cut 15% of its workforce
General Motors is poised to end production at five plants in the U.S. and Canada, kill off several passenger cars – including the Chevrolet Impala – and slash 15 percent of its salaried workforce in a sweeping cost-cutting plan designed to boost profits and adjust to America’s changing tastes in vehicles. Nathan Bomey of USA Today had the news: The Detroit-based […]
Talking Biz News Today — Nov. 27, 2018
Some of Tuesday’s top business news stories: Associated Press Breast implants reveal problems in tracking safety device, by Meghan Hoyer Apple to tutor women in tech in bid ti diversify industry, by Michael Liedtke Bloomberg Trump signals U.S. likely to go ahead with China tariff increase, by Sarah McGregor JPMorgan says leveraged loans to remain top 2019 performance, […]
Coverage: Campbell Soup nears deal with activist investor
Campbell Soup Co. and Daniel Loeb’s hedge fund Third Point LLC are close to an agreement over composition of the U.S. food company’s board of directors that will end a proxy contest that was due to come to a head this week. Svea Herbst-Bayliss and Greg Roumeliotis of Reuters had the news: Under the deal being negotiated, Third Point […]
Talking Biz News Today — Nov. 26, 2018
Some of Monday’s top business news stories: Associated Press Device treating pain draws thousands of injury reports, by Mitch Weiss and Holbrook Mohr “Wreck-it Ralph,” “Creed” fuel record holiday box office, by Lindsay Bahr Bloomberg Grim stock signals piling up as Wall Street mulls recession odds, by Elena Popina and Vildana Hajric Goldman maps how big hawkish rate shock would affect markets, […]
Coverage: Home construction rises 1.5 percent in October
U.S. home construction improved a slight 1.5 percent in October, but in a troubling sign, ground breakings for single-family houses fell. Josh Boak of the Associated Press had the news: The Commerce Department said Tuesday housing starts rose to a seasonally adjusted annual rate of 1.23 million, up from 1.21 million in September. The gains came […]
Talking Biz News Today — Nov. 21, 2018
Some of Wednesday’s top business news stories: Associated Press Government questions unfair student loan practices, by Ken Sweet Tech giants plunge again, pushing markets into the red for the year, by Marley Jay Bloomberg U.S. accuses of China of continuing IP theft amid trade war, by Shawn Donnan and Jenny Leonard Did Elon Musk forget about Buffalo? by Austin Carr and Brian Eckhouse […]
Coverage: Nissan Motor chair Ghosn is arrested
The arrest of Nissan Motor Co. Chairman Carlos Ghosn sent shockwaves through the business world and threw into doubt the future of Japan’s No.2 automaker and its global alliance. David Kiley of Forbes had the news: Ghosn was targeted by a whistle-blower who gave authorities information on Ghosn’s compensation, as well as charges that he has […]
