Talking Biz News Today — Feb. 21, 2018
Some of Wednesday’s top business news stories: Associated Press Investors are winners as companies lay out tax-savings plans, by Bernard Condon Grocer Albertsons eyes Rite Aid deal in health care push, by Tom Murphy Bloomberg Market’s red line for yields isn’t where everyone thinks it is, by Elena Popina U.S. floods the market with $179 billion of debt […]
Coverage: Facebook is in damage control over Russia
Facebook is in the damage-control business, as it tries to get out from under the cloud of suspicion related to Russia’s meddling in the 2016 election. Kevin Roose of The New York Times had the news: Rob Goldman, Facebook’s vice president of advertising, posted a series of messages on Twitter that were meant to clear up misconceptions […]
Talking Biz News Today — Feb. 20, 2018
Some of Tuesday’s top business news stories: Associated Press Consumers Energy to stop burning coal by 2040, by John Flesher Israeli gas company announced $15B export deal with Egypt, by Josef Federman Bloomberg Hedge funds turn short on tech just as stock rally takes off, by Dani Burger Boom turns to bust for millennials across advanced economies, by Andrew […]
The Providence Journal biz section lacks local content
GoLocalProv.com writes about the lack of local content in the Providence Journal’s business news section. GoLocalProv writes, “At a time when the stock market is at record levels and in a state of upheaval, and the state touts low unemployment while facing a range of complex business issues, the Providence Journal has decided to surrender […]
Coverage: GE looks to sell engine business and rebound
General Electric Co. is exploring a sale of its industrial gas engine business that could be worth as much as $2 billion as the conglomerate looks to rebound from multiple problems. Harry Brumpton and Greg Roumeliotis of Reuters had the story: The move comes after Chief Executive Officer John Flannery, who took over as CEO last summer, indicated to […]
Talking Biz News Today — Feb. 19, 2018
Some of Monday’s top business news stories: Associated Press Cities pitching diversity in efforts to win businesses, by Corey Williams Latvian member of European Central Bank detailed in probe, by Carlo Piovano Bloomberg Trump Park Avenue sues Saudi prince for not paying rent, by Chris Dolmetsch and Caleb Melby WWE is laying the smackdown on the world, by Felix Gillette and Kim Bhasin […]
Coverage: Roche is buying Flatiron Health for $1.9 billion
Swiss pharmaceutical giant Roche Group is buying Flatiron Health, an Alphabet-backed cancer-focused startup founded by two former Google employees, for $1.9 billion. Christina Farr of CNBC.com had the news: Flatiron was valued at $1.2 billion when it raised its last round from Roche in 2016. Medical distribution giant McKesson was also interested in buying the company, sources say. Alongside […]
Talking Biz News Today — Feb. 16, 2018
Some of Friday’s top business news stories: Associated Press U.S. stocks keep gaining as tech, industrial companies rise, by Marley Jay McDonald’s moves cheeseburgers off Happy Meal menu, by Joseph Pisani Bloomberg SEC rejects Chinese-linked takeover of Chicago Stock Exchange, by Benjamin Bain and Annie Massa A Chinese casino has conquered a piece of America, by Matthew Campbell Fortune Tambor off […]
Coverage: Consumer price index is on the rise
U.S. consumer prices rose considerably more than expected in January, fueling fears that inflation is about to turn dangerously higher. Jeff Cox of CNBC.com had the story: The Consumer Price Index rose 0.5 percent last month against projections of a 0.3 percent increase, the Labor Department reported Wednesday. Excluding volatile food and energy prices, the index was up 0.3 percent […]
Talking Biz News Today — Feb. 15, 2018
Some of Thursday’s top business news stories: Associated Press U.S. inflation pressures raising expectations for rate hikes, by Christopher Rugaber Critics wary as Google Chrome begins an ad crackdown, by Ryan Nakashima Bloomberg Buffett’s bumpy ride with IBM draws to a close with stock sales, by Noah Buhayer and Katherine Chiglinsky Hedge funds are dumping Facebook and Google, by Brandon […]
