Coverage: Dick’s Sporting Goods losing customers due to gun stance
Dick’s Sporting Goods CEO Ed Stack said the company’s decision to pull assault rifles from stores will affect the company’s financial performance over the long term due to lower sales and store traffic. Lauren Thomas of CNBC.com had the news: “The announcement we made two weeks ago is not going to be positive from a traffic and sales standpoint,” […]
Talking Biz News Today — March 14, 2018
Some of Wednesday’s top business news stories: Associated Press Stocks sink as technology rally fades; Qualcomm drops, by Marley Jay ABC’s “World News Tonight” sees rise among younger viewers, by David Bauder Bloomberg Amazon considered buying Texture before Apple deal, by Alex Barinka Google will prioritize stories for paying news subscribers, by Gerry Smith Fortune Apple’s brand reputation rank […]
Coverage: Trump blocks Broadcom deal for Qualcomm
President Donald Trump issued an executive order on Monday blocking Broadcom Ltd. from acquiring Qualcomm Inc., scuttling a $117 billion deal that had been subject to U.S. government scrutiny on national security. David McLaughlin of Bloomberg News had the story: The president acted on a recommendation by the Committee on Foreign Investment in the U.S., which reviews acquisitions of […]
Talking Biz News Today — March 13, 2018
Some of Tuesday’s top business news stories: Associated Press Tech gains but industrials slide, leaving indexes mixed, by Marley Jay Senate bill would diminish mortgage disclosures by banks, by Marcy Gordon Bloomberg Bond market’s most feared traders threaten Treasuries once again, by Liz McCormick Tesla temporarily suspended Model 3 output in late February, by Dana Hull Fortune Inside the […]
Coverage: Billionaire Rubin wants to buy the Carolina Panthers
E-commerce billionaire Michael Rubin, who owns a majority stake in sports apparel company Fanatics, wants to purchase the National Football League’s Carolina Panthers, which could sell for as much as $2 billion. Rick Rothacker and Katherine Peralta of The Charlotte Observer had the news: Michael Rubin, a minority owner of the NBA’s Philadelphia 76ers and the NHL’s New […]
Talking Biz News Today — March 12, 2018
Some of Monday’s top business news stories: Associated Press Maple syrup season gets early start in parts of New England, by Lisa Rathke Study: Cholesterol drug lowers risk of heart attack, death, by Marilynn Marchione Bloomberg Where will Apple put its fourth U.S. campus? by Mark Gurman and David Ingold Peter Thiel’s Palantir wins $876 million U.S. army contract, by Lizette Chapman […]
Coverage: Disney shareholders push back on CEO Iger’s pay
Walt Disney Co. shareholders issued a symbolic rejection of compensation plans for executives including CEO Bob Iger, who could earn up to $48.5 million this year. Matthew Rocco of Fox Business had the story: The media giant said 52% of shareholders voted down its executive compensation plan at Disney’s annual shareholder meeting, while 44% voted in favor. […]
Talking Biz News Today — March 9, 2018
Some of Friday’s top business news stories: Associated Press Trump orders stiff trade tariffs, unswayed by grim warnings, by Ken Thomas Health insurer Cigna buying Express Scripts for $52 million, by Tom Murphy Bloomberg Wynn to settle Universal Entertainment suit for $2.4 billion, by Edvard Pettersson Lehman to pay $2.4 billion to end crisis-era mortgage claims, by Tiffany […]
Coverage: Trade deficit hits nine-year high
The U.S. trade deficit increased to a more than nine-year high in January, with the shortfall with China widening sharply, suggesting that President Donald Trump’s “America First” trade policies aimed at eradicating the deficit will likely fail. Lucia Mutikani of Reuters had the news: The trade gap continues to widen a year into the Trump presidency. […]
Talking Biz News Today — March 8, 2018
Some of Thursday’s top business news stories: Associated Press For many factory towns, white collar job loss hurts the most, by Josh Boak Mexico, Canada and others may be exempted from U.S. tariffs, by Ken Thomas Bloomberg Smith & Wesson owner stands ground against BlackRock queries, by Polly Mosendz Boeing is likely to miss another tanker deadline, by Anthony […]
