Coverage: Nike shares fall despite earnings beat
Nike Inc. shares fell by 4 percent after it posted double-digit earnings growth for its fiscal first quarter as the company works to revive its business in the U.S. and courts controversy with a new ad campaign featuring former San Francisco 49ers quarterback Colin Kaepernick. Lauren Thomas of CNBC.com had the news: Its shares fell by more […]
Talking Biz News Today — Sept. 26, 2018
Some of Wednesday’s top business news stories: Associated Press Into the fold? What’s next for Instagram as founders leave, by Barbara Ortutay NTSB faults Air Canada’s pilots for last year’s near disaster, by David Koenig Bloomberg SurveyMonkey raises $180 million in U.S. initial public offering, by Alex Barinka Tech giants spend $80 billion to make sure no one […]
Coverage: The Fed is ready to raise interest rates
The Federal Reserve Board is set this week to raise interest rates for a third time this year to prevent the economy from growing too fast. Martin Crutsinger of the Associated Press had the news: But with President Donald Trump’s trade fights posing a risk to the U.S. economy, the Fed may soon be ready to slow […]
Talking Biz News Today — Sept. 25, 2018
Some of Tuesday’s top business news stories: Associated Press Why the “gig” economy may not be the workforce of the future, by Christopher Rugaber Drug prices going up despite Trump promise, by Linda A. Johnson and Nicky Forster Bloomberg Starbucks plans “significant changes” to company’s structure, by Leslie Patton Google wants to answer the questions you haven’t even […]
Coverage: Comcast outbids 21st Century Fox for Sky
Comcast has won an auction to acquire UK telecommunications company Sky, bidding $38.8 billion to overtake Rupert Murdoch’s 21st Century Fox after a lengthy bidding war this summer. Andrew Liptak of The Verge had the news: Comcast’s win paves the way for it to acquire Sky and its 23 million European subscribers and entertainment assets. Sky’s […]
Talking Biz News Today — Sept. 24, 2018
Some of Monday’s top business news stories: Associated Press As aid checks go out, farmers worry bailout won’t be enough, by Juliet Linderman Billionaires buying up media: Savior complex or civic duty? by Barbara Ortutay Bloomberg China looks to influence Iowa in trade war, by Mark Niquette and Jennifer Jacobs Homeowners gain $5.57 per hour in home equity across California, […]
Coverage: Wells Fargo to cut thousands of jobs
Wells Fargo & Co. on Thursday said it would reduce jobs as part of its “ongoing transformation” to address industry trends and changes in customer behavior. Josh Beckerman of The Wall Street Journal had the news: The bank expects head count to decline by about 5% to 10% within the next three years, which includes displacements […]
Talking Biz News Today — Sept. 21, 2018
Some of Friday’s top business news stories: Associated Press Stocks at records; Dow beats all-time high from January, by Alex Veiga Will American Airlines bar customers from changing a ticket? by David Koenig Bloomberg Tesla loses supply management chief as exodus worsens, by Dana Hull Chip stock anxieties revived as Micron sales view falls short, by Jeran Wittenstein Fortune […]
Coverage: Alibaba’s Ma backs off pledge to create 1M U.S. jobs
Jack Ma, founder and chairman of Chinese retail giant Alibaba, says the company no longer plans to create one million jobs in the United States in the wake of the ongoing trade conflict between the U.S. and China. Jillian D’Onfro of CNBC.com had the news: Ma made his original job creation pronouncement during a high-profile meeting with Donald Trump in January 2017 before […]
Talking Biz News Today — Sept. 20, 2018
Some of Thursday’s top business news stories: Associated Press No way out? US, China tariffs may become the new normal, by Paul Wiseman China looks unlikely to give in after US tariff hike, by Joe McDonald Bloomberg Fortunes made and lost in weed in single wildest trading day, by Courtney Dentch and Elena Popina Amazon will consider opening up to […]
