Coverage: Audi’s CEO arrested in diesel scandal
Volkswagen began work to find a stand-in boss for its Audi brand after German authorities arrested current Audi Chief Executive Rupert Stadler as part of a probe into emissions test cheating. Edward Taylor and Jan Schwartz of Reuters had the news: Stadler’s arrest on Monday threw Volkswagen (VW) into turmoil as it struggles to recover from cheating revelations, […]
Talking Biz News Today — June 19, 2018
Some of Tuesday’s top business news stories: Associated Press Experts say auto tariffs would raise prices, cost jobs, by Tom Krisher Apple sets up iPhones to relay locations of 911 calls, by Michael Liedtke Bloomberg Sam Zell removed as conference speaker after making offensive remark, by Gillian Tan Musk says Tesla hit with “extensive” sabotage by rogue employee, […]
Coverage: Perry Ellis goes private in deal with founder
Clothing designer-retailer Perry Ellis International Inc. agreed to be taken private by its founder, George Feldenkreis, in a $437 million deal after Feldenkreis spent months pushing for the company to be sold. Zachary Tracer of Bloomberg News had the story: Investors will get $27.50 a share in cash, the Miami-based company said Saturday in a statement. That’s the […]
Talking Biz News Today — June 18, 2018
Some of Monday’s top business news stories: Associated Press Ford: Detroit train station key to autonomous vehicle plans, by Corey Williams Laid off when casinos closed, back to work with reopenings, by Wayne Parry Bloomberg The women’s libido pill is back, and so is the controversy, by Cynthia Koons These women want to solve the pay gap. Are […]
Coverage: WeWork seeking to raise funds as revenue rises
WeWork Cos. is seeking to raise funds at a $35 billion valuation, a price tag that would place the co-working startup above companies like Airbnb and SpaceX. Ellen Huet of Bloomberg News had the story: Rajeev Misra, who runs SoftBank’s $100 billion Vision Fund and is the chief executive officer of SoftBank Investment Advisors, said Tuesday at […]
Talking Biz News Today — June 15, 2018
Some of Friday’s top business news stories: Associated Press Stocks rise as economy strengths, central banks step back, by Stan Choe Startup launches insurance for Uber, Lyft customers, by Sarah Skidmore Sell Bloomberg Apple is close to a deal for an automated movie, by Anousha Sakoui, Mark Gurman and Lucas Shaw Millionaires now control half of the world’s […]
Coverage: Comcast offers $65 billion for most of 21st Century Fox
Comcast announced an offer worth $65 billion for the bulk of 21st Century Fox’s businesses on Wednesday, setting up a showdown with the Walt Disney Company for Rupert Murdoch’s media empire. Edmund Lee and Brooks Barnes of The New York Times had the news: The all-cash bid by Comcast, the largest cable company and broadband provider in the […]
Talking Biz News Today — June 14, 2018
Some of Thursday’s top business news stories: Associated Press Worker protections seen at risk in Trump health care shift, by Ricardo Alonso-Zaldivar Trump declares oil prices too high, blames Trump, by David Koenig Bloomberg Fired Tesla workers still love Elon Musk, by Dana Hull Amazon’s clever machines are moving from the warehouse to headquarters, by Spencer Soper Fortune Massachusetts […]
Coverage: Judge approves AT&T purchase of Time Warner
A federal judge handed AT&T a sweeping victory on Tuesday and approved its $85 billion acquisition of Time Warner, a deal that promises to reshape the media industry. Hadas Gold and Brian Stelter of CNNMoney.com had the news: After a six-week trial, Judge Richard Leon ruled that the government had failed to prove that the deal violates antitrust […]
Talking Biz News Today — June 13, 2018
Some of Wednesday’s top business news stories: Associated Press Guess co-founder resigns after sex misconduct investigation, by Andrew Dalton Comcast offer for Fox expected after AT&T ruling, by Mae Anderson Bloomberg Tesla is cutting 9% of its workers in Musk’s push for profitability, by Dana Hull Landlords are practically giving malls away, by Sarah Mulholland Fortune How much bitcoin […]
