Coverage: Chipotle hires Taco Bell CEO as its new leader
Chipotle Mexican Grill Inc. tapped the head of Taco Bell as its next chief executive officer, turning to a fast-food veteran who drove growth with brash, indulgent dishes such as Doritos Locos Tacos. Leslie Patton of Bloomberg News had the story: Brian Niccol, 43, who had served as CEO of Yum! Brands Inc.’s Taco Bell division, will […]
Talking Biz News Today — Feb. 14, 2018
Some of Wednesday’s top business news stories: Associated Press Stocks edge higher as three-day win streak restores some calm, by Marley Jay Trump considering “all options” on steel, aluminum cases, by Ken Thomas Bloomberg Uber sales rose 61% to $2 billion in last quarter under new CEO, by Eric Newcomer Short sellers’ favorite stock bets backfire, by Lu Wang […]
Coverage: General Dynamics is buying CSRA for $6.8 billion
General Dynamics Corp., the maker of Abrams tanks and nuclear submarines, agreed to buy CSRA Inc. for about $6.8 billion to expand its computer-services offerings for government agencies and military customers. Phil Serafino and Thomas Black of Bloomberg News had the story: CSRA holders will receive $40.75 a share in cash, General Dynamics said in a statement Monday, a 32 percent premium over the […]
Talking Biz News Today — Feb. 13, 2018
Some of Tuesday’s top business news stories: Associated Press Four robots that aim to teach your kids to code, by Ryan Nakashima Northeast Corridor tunnel backers feel shorted by Trump plan, by David Porter Bloomberg Dollar stores hammered by Trump proposal to abandon food stamps, by Craig Giammona Snap head of sales departs, latest in string of executive exits, […]
Coverage: Markets headed for more tumult this week
A jarring week that rattled financial centers from New York to Hong Kong and wiped out almost $5 trillion from stock markets is likely to continue this week. Lu Wang of Bloomberg News had the story: Whether the downdraft goes down in history as a mere hiccup, or spells the end to one of the longest […]
Talking Biz News Today — Feb. 12, 2018
Some of Monday’s top business news stories: Associated Press Stock drop could pose risk to U.S. economy — if it endures, by Christopher Rugaber OxyContin maker will stop promoting opioids to doctors, by Marley Jay and Matt Perrone Bloomberg U.S. budget director warns interest rates my “spike” on deficit, by Arit John and Mark Niquette Harvey Weinstein sued by New York AG […]
Coverage: Twitter has finally posted a profit
Twitter Inc. soared the most since its market debut in 2013 after it posted the first revenue growth in four quarters, driven by improvements to its app and added video content that are persuading advertisers to boost spending. Selina Wang of Bloomberg News had the story: The company topped analysts’ average sales estimates in the fourth quarter […]
Talking Biz News Today — Feb. 9, 2018
Some of Friday’s top business news stories: Associated Press Stock markets plunge again, enter first correction in two years, by Marley Jay How the markets turmoil could affect Fed’s rate decisions, by Martin Crutsinger Bloomberg New era of currency volatility leaves bearish dollar bets intact, by Katherine Greifeld Oil world turns upside down as U.S. sells oil in […]
Coverage: Wynn resigns as CEO of his resort company
Steve Wynn, the billionaire casino visionary considered to be the architect of modern Las Vegas, resigned Tuesday as chairman and chief executive of his company in the wake of sexual-misconduct allegations detailed in a Wall Street Journal investigation last month. Maggie Astor and Julie Creswell of the New York Times had the news: In a statement, Mr. Wynn […]
Talking Biz News Today — Feb. 8, 2018
Some of Thursday’s top business news stories: Associated Press Stocks rally, wobble, then end lower as turbulence continues, by Marley Jay Ex-Uber CEO weaves tale of Google betrayal in legal battle, by Michael Liedtke Bloomberg Hedge funds post best monthly return in more than seven years, by Vincent Bielski Retirement savers fled equities in market selloff, by Suzanne Woolley […]
