Coverage: PepsiCo CEO Nooyi is stepping down
Indra Nooyi announced Monday she was handing the reins of the multinational conglomerate PepsiCo Inc. to Ramon Laguarta, a 22-year veteran of the company, in October after 12 years at the top spot. Julie Creswell of The New York Times had the news: Her departure served as a stark reminder that the absence of women at the […]
Talking Biz News Today — Aug. 7, 2018
Some of Tuesday’s top business news stories: Associated Press Genetics technology could lead to more crops, fresher food, by Keith Ridler Major tech companies remove Alex Jones for hate, bullying, by Barbara Ortutay Bloomberg Facebook shares rise on optimism for banking relationships, by Sarah Frier and Jennifer Surane U.S. says judge in AT&T merger ruling ignored “common sense,” by David McLaughlin […]
Coverage: Berkshire Hathaway posts a big profit jump
Warren Buffett’s Berkshire Hathaway on Saturday reported a sharp rise in second-quarter earnings, boosted by better performance in its insurance underwriting business and sizable profits from stock holdings now counted under a new accounting rule. Adam Shell of USA Today had the news: Buffett’s big conglomerate, which owns businesses ranging from insurers to railroads to retailers like […]
Talking Biz News Today — Aug. 6, 2018
Some of Monday’s top business news stories: Associated Press Job boom favors Democratic counties, not Trump strongholds, by Josh Boak More change ahead for New York’s shrinking garment district, by Verena Dobnik Bloomberg Kushner give up control of Manhattan tower to save themselves, by Caleb Melby and Scott Deveau Patron made tequila top-shelf. Will Bacardi dilute it? by Ted […]
Coverage: Apple hits the $1 trillion market cap mark
Apple Inc. hit a market capitalization of $1 trillion on Thursday as the iPhone maker became the first publicly traded U.S. company to reach $1 trillion. Sara Salinas of CNBC.com had the news: The stock gained 2.92 percent during trading after a strong fiscal third-quarter earnings report earlier this week to close at $207.39. It reached the […]
Talking Biz News Today — Aug. 3, 2018
Some of Friday’s top business news stories: Associated Press Trump proposes car-mileage rollback; states sue in protest, by Ellen Knickmeyer and Tom Krisher CBS’ 2Q net income up as CEO faces sexual-misconduct probe, by Mae Anderson Bloomberg AIG declines as profit stung by investments, underwriting loss, by Brian Louis U.S. farmland values hit a record despite trade fears, by Alan Bjerga […]
Startup Colorado Sun plans to cover the state’s economy
The Colorado Sun, a new publication in Denver backed by startup Civil, plans to cover the state’s economy through in-depth stories instead of writing about earnings and covering press releases, said one of its editors. The Sun has hired Tamara Chuang and Jason Blevins to cover business and economics stories, and they will be overseen by […]
Wells Fargo is hit with a $2 billion fine in mortgage settlement
Wells Fargo & Co. has agreed to pay $2.09 billion for actions that allegedly contributed to the 2008 financial crisis, the Department of Justice said Wednesday. Lucinda Shen of Fortune had the story: That new penalty comes on top of a $1.2 billion fine Wells Fargo agreed to pay in April 2016 in relation to the […]
Talking Biz News Today — Aug. 2, 2018
Some of Thursday’s top business news stories: Associated Press U.S. proposes higher tax on $200 billion in Chinese imports, by Paul Wiseman Fed keeps key rate unchanged while signaling future hikes, by Martin Crutsinger Bloomberg Tesla slows cash burn as Musk’s Model 3 production picks up, by Dana Hull Ferrari slumps after CEO says Marchionne target is “aspirational,” […]
Coverage: Apple earnings beat estimates, stock nears high
Apple Inc. posted the strongest third quarter in company history, beating analyst expectations for earnings per share and revenue. The beat drove the stock up over 3 percent in extended trading. Kef Leswig of Business Insider had the news: However, there were some signs of slowing growth in its key device businesses. iPhone and iPad sales were […]
