Talking Biz News Today — May 9, 2018
Some of Wednesday’s top business news stories: Associated Press How Google aims to simplify your life with AI, by Ryan Nakashima and Mae Anderson China cutting U.S. soybean purchases in wake of tariff threat, by Christopher Rugaber and Dake Kang Fortune Pizza Hut expands beer delivery experiment, by Kirsten Korosec 20% of Americans say their next car will be electric, by Kirsten Korosec […]
Coverage: Nestle pays $7.1 billion to sell Starbucks in stores
In the third-biggest transaction in Nestle SA’s 152-year history, the Swiss food giant will spend $7.15 billion for the right to market Starbucks Corp. products from beans to capsules. Thomas Mulier and Corinne Gretler of Bloomberg News had the story: Nestle won’t get any physical assets in the deal. Instead, Chief Executive Officer Mark Schneider is harnessing the name recognition of […]
Talking Biz News Today — May 8, 2018
Some of Tuesday’s top business news stories: Associated Press Microsoft launches $25 million program to use AI program for disabilities, by Matt O’Brien U.S. oil prices top $70 a barrel for first time since 2014, by David Koenig Fortune Four big takeaways at Satya Nadella’s talk at Microsoft Build, by Jonathan Vanian Why Mondelez is buying Tate’s […]
Coverage: What Buffett said at Berkshire annual meeting
The financial news media flocked to Omaha, Nebraska, this past weekend to attend the Berkshire Hathaway annual meeting and to hear what billionaire Warren Buffett had to say. Katherine Chiglinsky and Noah Buhayer of Bloomberg News had the story: Tens of thousands of investors descended on Omaha, Nebraska, over the weekend to hear him speak about business and […]
Talking Biz News Today — May 7, 2018
Some of Monday’s top business news stories: Associated Press China could target U.S. firms, debt if Trump plays hardball, by Joe McDonald Lobster prices high, but dropping as summer approaches, by Patrick Whittle Bloomberg Iran opposes higher oil prices, signaling divide with Saudis, by Arsalan Shahla Ferrari supercars are so hot they’re sold out into 2019, by Tommaso Ebhardt […]
Coverage: Trade deficit narrows in March
The U.S. trade deficit narrowed sharply in March as exports increased to a record high amid a surge in deliveries of commercial aircraft and soybeans, bolstering the economy’s outlook heading into the second quarter. Lucia Mutikani of Reuters had the news: The Commerce Department said the trade deficit tumbled 15.2 percent to a six-month low of […]
Talking Biz News Today — May 4, 2018
Some of Friday’s top business news stories: Associated Press Robot fast-food chefs: Hype or a sign of industry change? by Matt O’Brien U.S. indictment alleges top VW exec knew of emissions cheating, by Tom Krisher and David McHugh Bloomberg VIX faces probe with controversial auction at issue, by Matt Robinson and Nick Turner Failed Southwest Air jet engine has passed seven inspections, […]
Coverage: Tesla drops after bizarre earnings conference call
Shares in Tesla Inc. took a nosedive in after-hours trading today as chief executive officer Elon Musk cut off analysts during a first-quarter earnings call. Lora Kolodny of CNBC.com had the story: He dismissed a question about gross margins from Bernstein senior analyst Toni Sacconaghi as “boring.” Instead, Musk and other executives answered multiple questions from a […]
Talking Biz News Today — May 3, 2018
Some of Thursday’s top business news stories: Associated Press Passengers heard window popping on Southwest plane, by Mark Gillispie and David Porter More businesses are mellowing out over hiring pot smokers, by Christopher Rugaber Bloomberg Fed calm over 2% inflation underlines gradual rate hike outlook, by Christopher Condon Amazon offers retailers discount to adopt payment system, by Jennifer Surane and Spencer Soper Fortune […]
Coverage: Snap earnings disappoint, stock drops 17%
Snap, the parent company of the messaging app Snapchat, lost 17 cents per share on revenue of $230.7 million during the first quarter, missing analyst estimates and causing its stock to drop 17 percent in after-hours trading. Greg Sandoval of Business Insider had the news: The company’s revenue missed analyst expectations by 6%, exactly the kind of performance the […]
