Coverage: Concerns about Bitcoin may lead to regulation
The dramatic price increases in cryptocurrencies, primarily Bitcoin, has regulators examining whether trading needs to be regulated. David Meyer of Fortune.com has the news: There’s been a flurry of reports in the last day about the U.K. cracking down on bitcoin, with some claiming that the news was responsible for a “tumble” in the famously volatile cryptocurrency’s value—the value […]
Talking Biz News Today — Dec. 5, 2017
Some of Tuesday’s top business news stories: Associated Press Slump for tech stocks overshadows gains by telecoms, banks, by Stan Choe 13 states launch new legal challenge to California egg law, by David A. Lieb Bloomberg America’s nest eggs have never been bigger, by Jordan Yadoo Tesla returns to securitization market with more solar contracts, by Brian Eckhouse Fortune […]
Coverage: CVS to buy Aetna in $69 billion deal
Aetna Inc.’s board of directors approved on Sunday the U.S. health insurer’s sale to drugstore chain operator CVS Health Corp. for approximately $69 billion cash and stock,. Carl O’Donnell and Greg Roumeliotis of Reuters had the news: The $69 billion deal will be this year’s largest corporate acquisition. It will combine one of the nation’s largest pharmacy benefits managers […]
Talking Biz News Today — Dec. 4, 2017
Some of Monday’s top business news stories: Associated Press Lawyers walk fine line to navigate federal, state pot laws, by Brian Melley Trump suggests he may be flexible on corporate tax rates, by Ken Thomas Bloomberg Richmond Fed to tap McKinsey’s Barkin as its president, by Christopher Condon and Craig Torres The unlikely strategy behind Buffett’s investment in encyclopedias, by Noah Buhayar […]
Coverage: VW to make bigger push into electric cars
Volkswagen pledged to speed up its turnaround efforts and accelerate a push into electric cars as cost cuts and an expanding lineup of sport-utility vehicles help boost profits. Christoph Rauwald of Bloomberg News had the story: The namesake VW brand will initially develop five all-electric models, taking on Tesla Inc. with its coming I.D. vehicle range, it said Thursday […]
Talking Biz News Today — Dec. 1, 2017
Some of Friday’s top business news stories: Associated Press Dow Jones industrials breach 24,000 in broad market rally, by Alex Veiga and Paul Wiseman OPEC, allies extend production cut through 2018, by George Jahn and Kiyoko Metzler Bloomberg Elon Musk’s battery boost will be short-lived, by Perry Williams and Kanika Sood Blue Apron CEO Salzberg steps down, to be replaced by CFO, by Jing Cao […]
Coverage: Chipotle CEO steps down as turnaround flames out
Chipotle Mexican Grill said on Wednesday that it was looking for a new leader “with demonstrated turnaround expertise” to replace Steve Ells, the current chief executive and founder of the fast casual chain. Tiffany Hsu of the New York Times had the news: Mr. Ells, who started the company in Denver in 1993 and now oversees […]
Talking Biz News Today — Nov. 30, 2017
Some of Thursday’s top business news stories: Associated Press Steep tech drop pulls U.S. indexes mostly lower, by Alex Veiga New, long-acting drugs cut frequency of migraine headaches, by Marilynn Marchione Bloomberg Fed leak probe that toppled Lacker fizzles with no leaker named, by Craig Torres Goldman warns that stocks are at their highest valuation since 1900, by Chris […]
Coverage: Buffalo Wild Wings sells to Arby’s for $2.4 billion
Fast-food chain Arby’s Restaurant Group said Tuesday it reached a deal to acquire Buffalo Wild Wings, which uses the slogan “wings, beer, sports” in its advertisements, for $2.4 billion in cash. Nathan Bomey of USA Today had the story: The deal comes as the casual dining sector is ailing as Americans have rediscovered home meals amid low grocery prices […]
Talking Biz News Today — Nov. 29, 2017
Some of Wednesday’s top business news stories: Associated Press Powell says he favors loosening some bank regulations, by Martin Crutsinger Hacker-for-hire pleads guilty to Yahoo breach, by Sudhin Thanawala Bloomberg AT&T made a futile 11th-hour offer to sway DOJ, by Ed Hammond and Scott Moritz Why battery cost could put the brake on electric car sales, by Chisaki Watanabe Fortune […]
