Coverage: Economic advisor Cohn resigns over tariff dispute
Gary Cohn, the White House’s top economic adviser, announced Tuesday he was leaving the administration amid a major internal clash over President Donald Trump’s pivot toward protectionist trade policies. Damian Paletta and Philip Rucker of The Washington Post had the news: The departure of Cohn, the former president of Goldman Sachs who had been an interlocutor between the […]
Talking Biz News Today — March 7, 2018
Some of Wednesday’s top business news stories: Associated Press Investor group cancels deal to buy Weinstein Co., by Alexandra Olson and Michael Sisak Payday lenders, watchdog agency exhibit cozier relationship, by Ken Sweet Bloomberg Orvis follows Walmart and Dick’s in raising age for gun sales, by Polly Mosendz Twitter is a hotbed for crypto scams, by Matthew Leising Fortune People are […]
Coverage: Nordstrom board rejects family’s deal to go private
Nordstrom Inc. said it had rejected an indicative take-private offer from its founding family group worth about $8.4 billion, a 2.2 percent discount to the U.S. department store operator’s market value as of the end of trading on Monday. Harry Brumpton of Reuters had the news: Nordstrom has formed a special committee of independent directors to review […]
Talking Biz News Today — March 6, 2018
Some of Tuesday’s top business news stories: Associated Press U.S. stocks power higher in latest lightning shift for markets, by Stan Choe Washington becomes first state to approve net-neutrality rules, by Rachel La Corte Bloomberg Bitcoin rises about 50-day average for first time since January, by Lisa Fu Yale’s David Swenson gets into spat with student newspaper over […]
Coverage: Axa is in talks to purchase insurer XL Group
French insurance company Axa SA is in advanced talks to buy XL Group Ltd., a property and casualty insurer with a market value of $11 billion. Matthew Monks, Manuel Baigorri, Ruth David and Dinesh Nair of Bloomberg News had the story: Buying XL, which sells insurance to other insurers, would bolster Axa’s casualty coverage business in the U.S., and […]
Talking Biz News Today — March 5, 2018
Some of Monday’s top business news stories: Associated Press “Trump slump” in gun sales continues despite control debate, by Andrew Welsh-Huggins “Black Panther” is box office king for third straight week, by Andrew Dalton Bloomberg Noble paid its co-CEO $20 million as losses hit $5 billion, by Jack Farchy and Javier Blas World’s best-performing macro hedge fund lost 16% lost […]
Coverage: Automakers report weak February sales
Major automakers reported lower U.S. new vehicle sales for February on Thursday as consumer demand continued to cool despite strong crossovers and SUV sales. Nick Carey of Reuters had the news: “Trucks are higher-margin products and from a mix standpoint, February was disappointing,” said John Toohey, head of equities at USAA Asset Management Company in San […]
Talking Biz News Today — March 2, 2018
Some of Friday’s top business news stories: Associated Press Stocks dive after Trump promises tariffs on steel, by Stan Choe U.S. companies taking stands, facing retribution over guns, by Joseph Pisani Bloomberg Warren Buffett has lost $3.7 billion this week, by Tom Metcalf and Jack Witzig Equifax says it may close some access to card data over breach, by Jennifer Surane […]
Coverage: Spotify files to go public amid big losses
Music streaming service Spotify filed to go public Wednesday on the New York Stock Exchange, but its documents showed huge financial losses that may scare investors. Ben Sisario of The New York Times has the story: The company, showing no shortage of ambition, said that its mission was “to unlock the potential of human creativity by […]
Talking Biz News Today — March 1, 2018
Some of Thursday’s top business news stories: Associated Press Walmart sets age of 21 to buy firearms, ammunition, by Anne D’Innocenzio U.S. economic growth revised slightly downward to 2.5% in Q4, by Martin Crutsinger Bloomberg SEC issues subpoenas in hunt for fraudulent ICOs, by Matt Robinson Einhorn’s main Greenlight hedge fund drops 6.2% in February, by Simone Foxman Fortune […]
