Coverage: The stock market is back up after opening drop

The Dow Jones industrial average plunged 567 points at the open on Tuesday and briefly sank into correction territory — a drop of 10 percent from its record high — but those losses quickly vanished, and the index ended the day with a mirror-image gain of 567. Matt Egan of CNNMoney.com had the news: It was […]

Talking Biz News Today — Feb. 7, 2018

Some of Wednesday’s top business news stories: Associated Press Despite Trump’s tough talk, trade gap widens to 9-year high, by Paul Wiseman Will Disney’s streaming service soar — or squeak? by Mae Anderson Bloomberg Tronc is near sale of L.A. Times to local billionaire, by Gerry Smith Snap revenue surges on user growth, advertising gains, by Sarah Frier Fortune […]

Coverage: The stock market drops more than 4 percent

The Standard & Poor’s 500 index fell by more than 4 percent on Monday, deepening its losses from the previous week and erasing its gains for the year while the Dow Jones industrial average sank by 4.6 percent. Matt Phillips of The New York Times had the news: Those sharp moves come as investors digest the […]

Talking Biz News Today — Feb. 6, 2018

Some of Tuesday’s top business news stories: Associated Press Google spinoff, Uber whale on each other as trial begins, by Michael Liedtke U.S. economy fundamentally strong despite stock market plunge, by Christopher Rugaber and Josh Boak Bloomberg Inflation is about to appear “with a vengeance,” Paul Tudor Jones says, by Saijel Kishan Lululemon seeks new leader after CEO’s misconduct leads […]

Canadian govt tells companies not to talk to reporters

Companies interested in the Canadian government’s planned purchase of new fighter jets have been told not to talk to journalists despite claims by federal officials the process will be open and transparent, reports David Pugliese of the Ottawa Citizen. Pugliese reports, “Those company representatives taking part in the Jan. 22 industry day in Ottawa, which outlined initial […]

Coverage: Fed issues rare ruling against Wells Fargo

Wells Fargo & Co detailed new regulatory restrictions imposed by the U.S. Federal Reserve on Friday that sent its shares down sharply in after-hours trading. Pete Schroeder and Lauren Tara LaCapra of Reuters had the news: Wells is not allowed to grow beyond the $1.95 trillion in assets it had at the end of last year “until it […]

Talking Biz News Today — Feb. 5, 2018

Some of Monday’s top business news stories: Associated Press A raucous Google-Uber fight is finally headed to trial, by Michael Liedtke Yellen disappointed not to get a second term as Fed chair, by Martin Crutsinger Bloomberg Bitcoin ban expands across credit cards as big U.S. banks recoil, by Jennifer Surane and Laura J. Keller Wells Fargo’s rehab requires a change […]

Coverage: Amazon rises 6 percent after strong earnings

Amazon blew past street estimates for its fourth quarter earnings, reflecting strong holiday sales and growth in its cloud business, causing is stock price to rise 6 percent in after-hours trading. Eugene Kim of CNBC.com had the news: Amazon’s revenue, which includes sales from Whole Foods, jumped 38 percent year-over-year. Its North America revenue jumped 42 percent to […]

Talking Biz News Today — Feb. 2, 2018

Some of Friday’s top business news stories: Associated Press Apple, once again, has a bad case of the iPhone jitters, by Michael Liedtke U.S. stocks close mostly lower as early gains fade, by Alex Veiga Bloomberg Guess chairman denies misconduct toward Kate Upton, by Kim Bhasin Super Bowl ticket prices aren’t falling and fans are confused, by Eben Novy-Williams […]

Coverage: American icon Xerox selling to Fujifilm for $6.1 billion

Xerox, the company that pioneered copy machines, the computer mouse and other office technology, will come under the Japanese company Fujifilm’s control in a $6.1 billion deal. Emily Sullivan of National Public Radio had the story: Fujifilm and Xerox established the Fuji Xerox joint venture in 1962. Fujifilm owns 75 percent of that joint venture. In […]