Coverage: Canada is buying Kinder Morgan’s pipeline
The Canadian government on Tuesday said it would buy Kinder Morgan’s oil pipeline to the country’s west coast, ensuring that its widely protested expansion will go forward. Ian Austen of The New York Times had the news: The Trans Mountain pipeline, which carries oil from Alberta to a port in a suburb of Vancouver, British Columbia, has […]
Talking Biz News Today — May 30, 2018
Some of Wednesday’s top business news stories: Associated Press Italian turmoil hits global markets, sends stocks plunging, by Marley Jay Tariff renews China tariff threat, complicating talks, by Christopher Rugaber Bloomberg Tesla opens up about mysterious payment to board member’s firm, by Dana Hull Bond traders’ confidence in Fed rate path crumbles, by Alex Harris and Edward Bolingbroke Fortune Fortnite’s first […]
Coverage: Coca-Cola launches an alcoholic drink in Japan
Coca-Cola Co. is launching the first alcoholic product in company history, a lemon-flavored fizzy drink that will be available with 3 percent, 5 percent, and 7 percent alcohol, but only to consumers on the Japanese island of Kyushu. Hallie Dietrick of Fortune had the story: The drink, called Lemon-Do, joins a raft of competitors selling similar alcoholic sodas in […]
Talking Biz News Today — May 29, 2018
Some of Tuesday’s top business news stories: Associated Press For CEOs, $11.7 million a year is just middle of the pack, by Stan Choe Starbucks training a first step, experts say, in facing bias, by Terry Tang Bloomberg Dark side of China’s car tariff cuts, by Anjani Trivadi How not to negotiate a $6.1 billion deal, by Drake Bennett […]
Coverage: Best Buy posts strong sales, but stock falls
Retailer Best Buy posted strong sales of mobile phones, appliances, and smart computing products as it showed in its financial results that store chains can still thrive as shoppers buy more online, but its stock price fell as it failed to update its guidance for the year. Anne D’Innocenzio and Damian Troise of the AP had the story: […]
Talking Biz News Today — May 25, 2018
Some of Friday’s top business news stories: Associated Press Trump administration defends Keystone XL pipeline in court, by Matthew Brown Cancellation of Korea summit sends stocks on bumpy ride, by Marley Jay Bloomberg Amazon’s Alexa eavesdropped and shared the conversation, by Spencer Soper New Jersey warns IRS against banning property taxes as a charitable gift, by Elise Young Fortune […]
Coverage: Comcast plans to outbid Disney for Fox
Comcast Corp. confirmed that it is in the advanced stages of preparing an all-cash offer for 21st Century Fox intended to trump Walt Disney Co.’s $52.4-billion stock bid. Meg James and Stephen Battaglio of the Los Angeles Times had the news: The stakes are enormous: The power play could determine which media company — Disney or Comcast — will […]
Talking Biz News Today — May 24, 2018
Some of Thursday’s top business news stories: Associated Press Fed gives stocks a boost; retailers and technology rally, by Marley Jay New wind projects would deliver enough power for 600K homes, by Steve LeBlanc Bloomberg Why does Uber need an IPO? by Shira Ovide Musk filed for Pravda business months before scorning media, by Dana Hull Fortune Netflix is […]
Tesla CEO Musk criticizes media for coverage of his company
Tesla Motors CEO Elon Musk criticized the media for its coverage of his automobile company, reported Mark Matousek of Business Insider. Matousek writes, “Musk began by linking to an Electrek article that featured a note written by Baird analyst Ben Kallo that said ‘increasingly immaterial reports [about Tesla] have dominated news cycles.’ “‘The holier-than-thou hypocrisy of big media […]
Talking Biz News Today — May 23, 2018
Some of Wednesday’s top business news stories: Associated Press Congress moves to dismantle key post-crisis bank rules, by Marcy Gordon Low U.S. unemployment masks financial struggles for many, by Christopher Rugaber Bloomberg New generation of supersonic jets to get boost from U.S. FAA, by Alan Levin Musks’s stock-option tweet may invite U.S. labor board complaint, by Dana Hull and Josh Eidelson Fortune […]
