Coverage: Purdue Pharma reaches $270M opioid settlement
Purdue Pharma LP and its owners, the Sackler family, agreed to pay $270 million to resolve a lawsuit filed by Oklahoma’s attorney general, the majority of which will fund a national opioid addiction center, its first attempt at settling one of the lawsuits around its OxyContin drug. Sara Randazzo of The Wall Street Journal had the […]
Talking Biz News Today — March 27, 2019
Some of Wednesday’s top business news stories: Associated Press GOP lawmakers set goal of summer vote for trade deal, by Kevin Freking Banks, technology companies power a rebound for US stocks, by Alex Veiga Bloomberg Almost half of older Americans have zero in retirement savings, by Ben Steverman Airlines with electric engines are coming, by Justin Bachman Fortune […]
Coverage: Apple unveils a slew of a new services
Apple CEO Tim Cook on Monday announced Apple TV+, a long-rumored ad-free, on-demand entertainment streaming service. Edward C. Baig of USA Today had the news: Apple TV+ will launch in the fall and be part of a revamped Apple TV app. In broad strokes, the new service would appear to pit Apple against the likes of Netflix, Amazon Prime and Hulu. […]
Talking Biz News Today — March 26, 2019
Some of Tuesday’s top business news stories: Associated Press US stocks end choppy day mixed amid global growth jitters, by Alex Veiga Apple is jumping belatedly into the streaming TV business, by Michael Liedtke and Tali Arbel Bloomberg Lawyer Michael Avenatti accused of trying to extort Nike, by Chris Dolmetsch and Erik Larson Charlotte snags another bank headquarters without the Amazon hoopla, […]
WSJ to collaborate with Apple on video, AI, market data in addition to Apple News+
William Lewis, the CEO of Dow Jones & Co. and publisher of The Wall Street Journal, sent the following note to the staff on Monday: Dear Colleague, I believe our future success depends on our appetite for bold and brave moves. Today, The Wall Street Journal enters into a partnership with Apple that will dramatically […]
Coverage: Shaq joins the Papa John’s team
Papa John’s International Inc. added former basketball star Shaquille O’Neal to its board as the pizza chain works to repair its image following controversies tied to its founder and former chief executive. Jacob Bunge and Micah Maidenberg of The Wall Street Journal had the news: Mr. O’Neal will also participate in Papa John’s marketing efforts and has invested in nine […]
Talking Biz News Today — March 25, 2019
Some of Monday’s top business news stories: Associated Press First-of-its-kind US nuclear waste dump marks 20 years, by Susan Montoya Bryan Kimberly family finds its niche in mint, by Mychel Matthews Bloomberg Stock futures sitting out Trump celebration of Mueller report, by Elena Popina and Vildana Hajric YouTube bows out of Hollywood arms race with Netflix and Amazon, by Lucas […]
Coverage: Facebook passwords were improperly stored
Facebook Inc. for years stored hundreds of millions of user passwords in a format that was accessible to its employees, in yet another privacy snafu for the social-media giant. Jeff Horwitz and Robert McMillan of The Wall Street Journal had the news: The incident disclosed by the company Thursday involved a wide swath of its users, though Facebook said no passwords were […]
Talking Biz News Today — March 22, 2019
Some of Friday’s top business news stories: Associated Press Trump blames Fed for holding back economic growth in 2018, by Darlene Superville and Martin Crutsinger Boeing to make safety feature standard on troubled Max jets, by David Koenig and Tom Krisher Bloomberg Uber picks New York Stock Exchange for its mega IPO, by Eric Newcomer Nike drops as North America sales rebound […]
Coverage: Levi Strauss goes public again
Levi Strauss & Co. said it sold $623.3 million in shares in its initial public offering on Wednesday, as the U.S. jeans maker looks to return to the stock market after 34 years as a family-owned company. Joshua Franklin and Uday Sampath Kumar of Reuters had the news: With the stock market hovering near all-time highs, Levi priced […]
