Coverage: Sonos stock falls 14 percent after first earnings
Shares of Sonos Inc. fell more than 14 percent in after-hours trading after it reported that its quarterly revenue — its first financial report since going public — was lower than it was at the same time last year. Annie Gaus of TheStreet.com had the news: Sonos, which makes home speakers and high-end sound systems, reported […]
Talking Biz News Today — Sept. 11, 2018
Some of Tuesday’s top business news stories: Associated Press CBS sets aside $120 million for Moonves, but will he see it? by David Bauder China promises retaliation if U.S. imposes more tariffs, by Joe McDonald Bloomberg Florence could cost insurers up to $20 billion in early forecast, by Ivan Levingston Shale barons find fresh powder in Wyoming, by Liam […]
Coverage: CBS CEO Moonves is out after more allegations
The CBS Corp. board worked on Sunday to remove its longtime chief executive, Leslie Moonves, whose fall from Hollywood’s highest echelon was all but sealed after the publication of new sexual harassment allegations against him. Edmund Lee of The New York Times had the news: The coming departure of Mr. Moonves marks a stunning reversal for […]
Talking Biz News Today — Sept. 10, 2018
Some of Monday’s top business news stories: Associated Press China’s trade surplus with U.S. hits a record $31 billion, by Joe McDonald Despite Trump tweet, Ford says it won’t make hatchback in U.S., Paul Wiseman Bloomberg Apple, Ford urged by Trump to bring jobs home. They probably won’t, by Gabrielle Coppola Why Detroit’s hubris makes this the best […]
Coverage: CBS head Moonves is negotiating an exit
Leslie Moonves, faced with an investigation into allegations of sexual harassment against him as well as a bitter boardroom battle over the control of CBS, has for the last few weeks been negotiating his potential exit from the network he has run for two decades. Edmund Lee of The New York Times had the news: Mr. Moonves has […]
Talking Biz News Today — Sept. 7, 2018
Some of Friday’s top business news stories: Associated Press Twitter permanently bans Alex Jones, Infowars, citing abuse, by Barbara Ortutay Intent on getting a big raise? You may have to quit your job, by Christopher Rugaber Bloomberg The gun business is bouncing back from a long Trump slump, by Polly Mosendz Short seller Andrew Left sues Musk, Tesla […]
Coverage: Facebook’s Sandberg, Twitter’s Dorsey grilled by lawmakers
Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey appeared before the DC lawmakers on Wednesday to defend each of their companies in what is now the fourth hearing on social media that pertains to Russian interference in U.S. elections, propaganda, and fake accounts. Matt Binder of Mashable had the news: This hearing marked the first time […]
Talking Biz News Today — Sept. 6, 2018
Some of Thursday’s top business news stories: Associated Press U.S. trade deficit widened to $50.1 billion in July, by Paul Wiseman Judge cites picture of mice, lets lawsuit proceed, by Larry Neumeister Bloomberg Amex shares fall after report of FBI probe on forex pricing, by Kathleen Chiglinsky and Ivan Levingston Tesla’s $1.8 billion of junk bonds hit lowest since 2017 […]
Talking Biz News Today — Sept. 5, 2018
Some of Wednesday’s top business news stories: Associated Press A look at companies embroiled in recent political debates, by Alexandra Olson Amazon is second U.S.. company to reach $1 trillion market value, by Joseph Pisani and Marley Jay Bloomberg Google heads into showdown with Congress after witness is rejected, by Ben Brody and Mark Bergen Tesla hits three-month low on Mercedes news, […]
Coverage: JD.com founder Liu arrested in Minnesota
Richard Liu, the billionaire founder and CEO of one of China’s largest e-commerce sites JD.com, has returned to China after being arrested in Minneapolis late Friday on suspicion of sexual misconduct. Jackie Wattles of CNNMoney.com had the news: JD.com said in a statement Sunday on Chinese social media that Liu was falsely accused while on […]
