Coverage: “Crazy Rich Asians” exceeds box office expectations
The Warner Bros. romantic comedy “Crazy Rich Asians” opened to an estimated $25.2 million at the domestic box office this weekend and made $34 million over its five-day opening, which exceeded industry expectations that had it bringing in closer to $25 million. Frank Pallotta of CNNMoney.com had the news: “Crazy Rich Asians” is a watershed moment for on-screen […]
Talking Biz News Today — Aug. 20, 2018
Some of Monday’s top business news stories: Associated Press Online socks seller Bombas mixes commerce and charity, by Anne D’Innocenzio U.S. says conserving oil is no longer an economic imperative, by Ellen Knickmeyer Bloomberg Big questions on global economy hang over Jackson Hole gathering, by Christopher Condon and Piotr Skolimowski Tesla drama hasn’t dented estimate of all-important Model 3 output, […]
How the Globe and Mail is covering the cannabis industry
Shan Wang of The Nieman Lab writes about how The Globe and Mail in Toronto plans to cover the cannabis industry when it becomes legal for recreational use. Wang writes, “For The Globe and Mail, it’s an enormous business story that touches every part of its newsroom, from reporters in regional bureaus to the investigations team. […]
Coverage: The SEC has subpoenaed Tesla
The Securities and Exchange Commission has subpoenaed Tesla Inc. and is seeking information from each Tesla board member, a step up from what previous reports said was a mere inquiry the SEC put in to Tesla. Jacob Sonenshine of TheStreet.com had the news: There are two issues playing out as a result of Musk’s take-private tweet. One […]
Talking Biz News Today — Aug. 17, 2018
Some of Friday’s top business news stories: Associated Press Google clarifies location-tracking policy, by Ryan Nakashima Where White House touts a boom, most economists see a blip, by Josh Boak and Christopher Rugaber Bloomberg Stocks surge on Walmart strength, China optimism, by Eric J. Weiner and Olivia Schaber Elon Musk’s relationship with Goldman Sachs goes back years, by David Welch and Alex Barinka Fortune […]
Judge throws out defamation case by casino mogul against AP
A Las Vegas judge has thrown out a defamation lawsuit lodged by ousted casino mogul Steve Wynn against The Associated Press, reports David Ferrara of the Las Vegas Review-Journal. Ferrara reports, “The April complaint alleged that the AP reported on police reports filed by a woman who made false accusations of rape against Wynn. “In dismissing claims […]
Coverage: Uber reports smaller loss, but profit a ways away
Uber Technologies Inc. said on Wednesday it narrowed its quarterly losses from a year earlier, although the ride-hailing company is still a long way from proving it can be profitable as it gears up to go public in 2019. Heather Somerville of Reuters had the news: Under the leadership of Dara Khosrowshahi, who became chief executive […]
Talking Biz News Today — Aug. 16, 2018
Some of Thursday’s top business news stories: Associated Press Fed rate policy unintentionally pressures emerging economies, by Paul Wiseman Turkey increases tariffs on some U.S. goods, escalating feud, by Suzan Fraser Bloomberg Tesla receives subpoena over Musks’s take-private tweet, by Greg Farrell Cisco’s upbeat outlook signals confidence in product overhaul, by Ian King Fortune London mayor calls on U.K. […]
Coverage: Coke buys stake in BodyArmor sports drink
Coca-Cola Co. is acquiring a minority stake in BodyArmor, the sports drink company backed by former NBA superstar Kobe Bryant, as it tries to up its competition against market leader Gatorade. Zlati Meyer of USA Today had the news: Financial terms of the agreement were not disclosed Tuesday. As a result of the deal, BodyArmor will have access to […]
Talking Biz News Today — Aug. 15, 2018
Some of Wednesday’s top business news stories: Associated Press U.S. retailers, small companies rally as Turkey fears ease, by Marley Jay Tesla forms committee to assess proposal to go private, by Michael Liedtke Bloomberg Buffett’s Berkshire adds to bets on Goldman Sachs, Southwest, by Katherine Chiglinsky Spotify’s $8 billion rally is attracting loads of hedge funds, by Jeran Wittenstein […]
