Coverage: U.S. threatens more European tariffs over Boeing-Airbus spat
The United States has threatened to add more European products to a list of tariff goods if a WTO case regarding Eu subsidies for Airbus ends favorably for the aircraft maker. Joshua Zumbrun had the news for MarketWatch: The U.S. widened its threat to impose tariffs against the European Union, pending the outcome of a […]
Talking Biz News Today — July 1, 2019
Some of Monday’s top business news stories: Associated Press Facebook to make jobs, credit ads searchable for US users, by Frank Bajak Nebraska measure could tip the number of states with casinos, by Grant Schulte Bloomberg Clarida Says Fed Will ‘Act as Appropriate’ to Sustain Expansion, by Kati Pohjanpalo, Carolynn Look Murphy Loses on Millionaire […]
Coverage: Theranos founder to go on trial in 2020
Elizabeth Holmes, indicted on 11 criminal charges all for wire fraud, and the date of the trial has been set for July 28, 2020. TechCrunch’s Kate Clark had the news: Elizabeth Holmes, the founder of the now-defunct biotech unicorn Theranos, will face trial in federal court next summer with penalties of up to 20 years […]
Theranos founder blames WSJ “advocacy reporting”
Theranos founder Elizabeth Holmes alleges “advocacy reporting” by the Wall Street Journal’s John Carreyrou is what caused the federal government to come after her company as part of her defense strategy in her upcoming trial, reports Joel Rosenblatt of Bloomberg News. Rosenblatt reports, “Through pretrial information sharing with prosecutors, Holmes has unearthed Carreyrou’s early contacts with New York state […]
Talking Biz News Today — June 28, 2019
Some of Friday’s top business news stories: Associated Press India tariffs threaten California almond industry, by Samantha Maldonado Politicians’ tweets could get slapped with warning labels, by Barbara Ortutay Bloomberg Blackstone Joins $6.1 Billion Deal for Legoland Owner Merlin, by Thomas Mulier Risky Government Reviews Cloud Deal Prospects in Big M&A Year, by Nabila Ahmed […]
Coverage: Ford to cut 20% of European workforce in cost-cutting drive
Ford will reduce its European workforce by 12,000 as it tries to revive its flagging business on the continent. William Boston and Mike Colias had the news for the Wall Street Journal: Ford Motor Co. laid out plans to close factories in Europe and cut 12,000 jobs, or more than 20% of its European workforce, […]
Coverage: G20 summit begins in Japan
The annual G20 summit has launched today in Osaka with the meeting between the Chinese and U.S. Presidents in the spotlight. Yves van Dam had the news for AP: Trade and geopolitical tensions, and the looming threat of climate change, are on the agenda as Chinese President Xi Jinping and other world leaders gather in […]
Talking Biz News Today — June 27, 2019
Some of Thursday’s top business news stories: Associated Press Huawei warns US patent curbs would hurt global tech, by Dake Kang Cut-rate prices online: shoppers’ win, businesses lose, by Joyce M. Rosenberg Bloomberg Starbucks Is Losing Money in the U.K., by Eric Pfanner Europe Is Running Out of Options to Hold Back Trump’s Aggression, by […]
Coverage: AbbVie buys Allergan for $63 bln
Pharma major AbbVie has struck a deal with Botox maker Allergan to take it over for $63 billion. CNBC’s David Faber had the news: Drugmaker AbbVie said on Tuesday it would buy Botox-maker Allergan for about $63 billion, grabbing control of by far the biggest name in medical aesthetics to help reduce its reliance on […]
Talking Biz News Today — June 26, 2019
Some of Wednesday’s top business news stories: Associated Press Powell says economy facing growing uncertainties, by Martin Crutsinger FedEx loses $2 billion, warns of headwinds in coming year, by David Koenig Bloomberg U.S. Prosecutors Join Multinational Crackdown on Insider Trading, by Franz Wild, Aaron Kirchfeld, Alan Katz For First Time Ever, Renewables Surpass Coal in […]
