Coverage: Toys ‘R’ Us will close 182 locations
Toys ‘R’ Us, which is currently in bankruptcy court protection, filed court documents outlining plans to close up to 182 stores as part of its reorganization plans. Joan Verdon of The Bergen County (N.J.) Record had the story: The company noted that some closings may be avoided if it is able to negotiate more favorable lease […]
Talking Biz News Today — Jan. 25, 2018
Some of Thursday’s top business news stories: Associated Press Trump heads to Swiss forum to push economic policies, by Catherine Lucey Technology stocks sink, pulling indexes lower; dollar falls, by Marley Jay Bloomberg History suggests Mnuchin’s dollar rhetoric could backfire, by Lananh Nguyen Broker fined for impersonating rival with online sex ads, by Matt Robinson Fortune Meg Whitman appointed […]
Coverage: Musk sets aggressive growth targets for Tesla
Billionaire Elon Musk set a series of aggressive growth targets at Tesla Inc.that would make the electric carmaker one of the world’s most valuable companies within the next decade and assured shareholders he’ll stick around by tying his compensation to those goals. Tom Lavell and Dana Hull of Bloomberg News had the story: The unprecedented pay package proposes Musk won’t get […]
Talking Biz News Today — Jan. 24, 2018
Some of Wednesday’s top business news stories: Associated Press Tech and consumer-focused companies rise; Netflix leaps, by Marley Jay Senate approves Powell to follow Yellen as Fed chair in February, by Martin Crutsinger Bloomberg U.S. safety board opens probe of second Tesla autopilot crash, by Ryan Beene and Alan Levin Tech stocks are showing signs of overheating, by Luke Kawa Fortune […]
Coverage: Bacardi buying Patron for $5.1 billion
Bacardi Ltd. said on Monday it would buy high-end tequila maker Patron Spirits International AG in a $5.1 billion deal, hoping to become the second largest spirits company in the United States by market value. Kirsten Korosec of Fortune had the news: Bacardi is a privately held company that has owned a 30% stake in Patrón […]
Talking Biz News Today — Jan. 23, 2018
Some of Tuesday’s top business news stories: Associated Press Netflix’s success turns net neutrality into an afterthought, by Michael Liedtke Solar industry on edge as Trump weighs tariffs on panels, by David Koenig and Susan Montoya Bryan Bloomberg Whirlpool says it’s adding jobs in wake of Trump tariff decision, by Nick Turner South Korea tops global innovation ranking again while […]
Coverage: ADM seeks to purchase ag trader Bunge
Archer-Daniels-Midland Co. sought merger talks with Bunge Ltd., potentially setting up a battle for control of the giant agricultural trader with Glencore Plc. Javier Blas and Simon Casey of Bloomberg News had the story: ADM’s recent approach was preliminary and it’s unclear whether a deal can be done, said the person, who asked not to be identified because the talks are […]
Coverage: Amazon picks 20 finalists for second HQ
Amazon on Thursday narrowed the field in its search for a second headquarters city, plucking 20 finalists from the 238 proposals the retail giant received in October. Matt Day of the Seattle Times has the story: The list includes several cities widely seen as favorites — Atlanta; Austin, Texas; and Boston — as well as dark-horse […]
Talking Biz News Today — Jan. 19, 2018
Some of Friday’s top business news stories: Associated Press Hospital groups creating company to make cheap generic drugs, by Linda A. Johnson American Express posts $1.2 billion loss due to new tax law, by Ken Sweet Bloomberg ETF bargain hunters snag $584 million of low-cost Fidelity funds, by Carolina Wilson Asian stocks rise; Treasuries steady after drop, by Adam […]
Coverage: Apple to build second HQ, hire 20,000 workers
Apple is planning to build a new corporate campus and hire 20,000 U.S. workers in an expansion driven in part by a tax cut that will enable the iPhone maker to bring an estimated $245 billion back to its home country. Michael Liedtke of the AP had the news: The pledge announced Wednesday comes less than […]
