Coverage: CBS will appoint independent counsel to investigate CEO
CBS Corp.’s board left Chief Executive Leslie Moonves in his post on Monday as it discussed sexual harassment claims against him and took steps to select an outside counsel to lead an independent investigation into the matter. Carl O’Donnell and Liana B. Baker of Reuters had the news: It was not immediately clear if Moonves would stay on for […]
Talking Biz News Today — July 31, 2018
Some of Tuesday’s top business news stories: Associated Press Fed is set to leave rates alone as trade war raises anxiety, by Martin Crutsinger Another tech stock tumble pulls U.S. indexes sharply lower, by Stan Choe and Marley Jay Bloomberg CBS keeps Moonves on the job, will hire counsel to probe claims, by Lucas Shaw Correction worse than February is […]
Coverage: CBS CEO Moonves hit with sexual harassment allegations
CBS Corp.’s board of directors is reportedly set to discuss allegations of sexual misconduct against Chairman and CEO Leslie Moonves on Monday, separate reports said, with one publication reporting that the company is weighing whether Moonves should step aside pending a formal investigation. Thomas Franck of CNBC.com had the news: Ahead of its quarterly earnings this […]
Talking Biz News Today — July 30, 2018
Some of Monday’s top business news stories: Associated Press Rising backlash as U.S. firms seek Trump’s steel tariff waiver, by Richard Lardner Officials say fast growth to continue; Trump respects Fed, by Marcy Gordon Bloomberg Storm of news to hit global economy this week, by Simon Kennedy and Alex Harris Koch network says Trump trade moves causing long-term damage, by John McCormick […]
Coverage: Amazon’s earnings double what Wall Street expected
Amazon.com Inc. forecast strong fall sales and posted a profit that was double Wall Street targets on Thursday thanks to the retailer’s younger, higher-earning businesses, including cloud computing and advertising. Jeffrey Dastin and Arjun Panchadar of Reuters had the news: The report was a relief to investors in the U.S. technology sector, still reeling from a profit warning by […]
Talking Biz News Today — July 27, 2018
Some of Friday’s top business news stories: Associated Press Facebook’s day of reckoning: Blip or sign of broader turn? by Barbara Ortutay Papa John’s founder sues for corporate records, by Randall Chase Bloomberg Fiat says it was unaware of CEO’s serious illness, by Gabrielle Coppola, Tommaso Ebhardt and Matthew Campbell The U.S. housing market looks for its worst slowdown in […]
Coverage: Facebook shares fall 24 percent after bad earnings
Facebook Inc.’s stock fell as much as 24 percent after hours on Wednesday over concerns about the impact of privacy issues on the social media company’s business, with executives warning that revenue growth would slow and expenses would rise. Munsif Vengattil and Parseh Dave of Reuters had the news: The plummeting stock price wiped out about $150 billion […]
Talking Biz News Today — July 26, 2018
Some of Thursday’s top business news stories: Associated Press Trump, European Union leaders pull back from trade war, by Ken Thomas and Paul Wiseman Motorcycle maker to boost output in Poland after EU tariffs, by Margery Beck Bloomberg Ford stock flirts with single digits for first time since 2012, by Sarah Gardner The $1.5 billion real estate wager […]
Talking Biz News Today — July 25, 2018
Some of Wednesday’s top business news stories: Associated Press Ivanka Trump is shutting down her clothing company, by Bernard Condon Newspapers endure more cuts, hope for better future online, by Damian J. Troise and Dee-Ann Durbin Bloomberg Lululemon look to Sephora veteran to maintain rapid growth, by Matthew Townsend and Hema Parmar Papa John’s founder said to mount campaign to defend board […]
Coverage: Apollo Capital is buying hospital company LifePoint for $5.6B
Private equity firm Apollo Global Management will spend about $5.6 billion to buy the rural hospital chain LifePoint and combine it with health system operator RCCH HealthCare Partners. Jamie McGee of The Tennessean had the news: LifePoint shareholders will receive $65 in cash for each share in a deal that’s worth about $2.7 billion not counting […]
