Talking Biz News Today — May 16, 2018
Some of Wednesday’s top business news stories: Associated Press U.S. firms seek tariff relief as U.S. and China try to mend rift, by Paul Wiseman U.S. retail sales up solid 0.3% in April in hopeful sign, by Christopher Rugaber Fortune Cryptocurrency exchange Circle valued at $3 billion after Poloniex deal, by Robert Hackett Lyft follows Uber in ending […]
Coverage: CBS sues Shari Redstone to block Viacom merger
CBS Corp. has filed suit and sought a temporary restraining order against Shari Redstone and her company, National Amusements, in an attempt to thwart a forced merger with Viacom. Mike Snider of USA Today had the news: The suit, filed in Delaware Chancery Court, alleges Redstone, her family and the company have breached their “fiduciary duties by […]
Talking Biz News Today — May 15, 2018
Some of Tuesday’s top business news stories: Associated Press U.S. stock indexes eke out small gains after early rally fades, by Alex Veiga Seattle backs tax on companies like Amazon to help homeless, by Phuong Le Fortune Apple and Samsung are in court again today. Here’s why, by Sarah Gray Ex-JPMorgan Chase blockchain duo unveil new startup, by Robert Hackett […]
Coverage: Xerox drops deal with Fujifilm
Xerox Corp. said on Sunday it was ending a planned $6.1 billion deal with Fujifilm Holdings Corp. and had reached a settlement with activist investors Carl Icahn and Darwin Deason. Alwyn Scott of Reuters had the news: The company said Chief Executive Officer Jeff Jacobson had resigned and that John Visentin was expected to be the new […]
Talking Biz News Today — May 14, 2018
Some of Monday’s top business news stories: Associated Press “Avengers’ overpowers “Breaking In,” “Life of the Party,’ by Lindsay Bahr A surprising bullying battleground: Senior centers, by Matt Sedensky Fortune Tim Cook’s Duke commencement speech emphasizes tech privacy, by David Z. Morris Burberry suing Target for trademark infringement of iconic check pattern, by Sarah Gray MarketWatch.com Bulls break the […]
Coverage: Apple and Goldman Sachs team up for credit card
Apple Inc. and Goldman Sachs Group Inc. are preparing to launch a new joint credit card, a move that would deepen the technology giant’s push into its customers’ wallets and mark the Wall Street firm’s first foray into plastic. Emily Flitter and Jack Nicas of The New York Times had the story: The new card would fit into […]
Talking Biz News Today — May 11, 2018
Some of Friday’s top business news stories: Associated Press Pruitt to hear economic arguments in enforcing Clean Air Act, by Ellen Knickmeyer What’s that smell? Flower town’s shift to pot creates stink, by Amy Taxin Fortune Thousands of sexist AI bots could be coming. Here’s how to stop them, by Robert Locascio The last three bottles of a […]
Coverage: Walmart buys controlling stake in India’s Flipkart
Walmart Inc., the world’s largest retailer, has agreed to buy India’s leading online retailer Flipkart, paying $16 billion for a controlling stake of 77 percent. Rishi Iyengar and Sherisse Pham of CNNMoney.com had the story: Flipkart gives Walmart access to a market it has been trying to crack for years. The Arkansas-based retailer has been restricted by local […]
Talking Biz News Today — May 10, 2018
Some of Thursday’s top business news stories: Associated Press 50,000 Vegas casino workers to vote on strike over contract, by Regina Garcia Cano U.S. stock indexes deliver solid gains as oil prices surge, by Alex Veiga Fortune Why Boeing and Airbus stand to lose billions due to Iran sanctions, by Sarah Gray The highest paid CEO in the […]
Coverage: Facebook makes its biggest executive shakeup
Facebook instituted its biggest executive shakeup in its 15-year history this week, appointing new leaders for WhatsApp, Messenger and Facebook’s core app while giving other longtime Facebook executives new responsibilities. Kurt Wagner of Recode had the news: The moves, which were announced internally to employees today, are meant to improve executive communication and user privacy, but the changes also […]
