Talking Biz News Today — March 4, 2016
Some of Friday’s top business news stories: CNNMoney.com Costco’s entry-level workers are getting a raise, by Ahiza Garcia Move over, Chipotle! Meet the new fast casual king, by Paul LaMonica Bloomberg Samsonite agrees to buy competitor Tumi for about $1.8 billion, by Rachel Chang Gold snaps back to bull market as prices surge, by Luzi-Ann Javier and Joe […]
Coverage: McClendon, former Chesapeake Energy CEO, dies in crash
Oil pioneer and former Chesapeake Energy CEO Aubrey McClendon, 56, died Wednesday after his car crashed into a barricade in Oklahoma City just one day after he was indicted by the U.S. Justice Department on conspiracy charges. McClendon was known for his charismatic personality and often risky use of money, but colleagues say it was for […]
Talking Biz News Today — March 3, 2016
Some of Thursday’s top business news stories: The New York Times Sports Authority bankruptcy part of larger wave, by Liz Moyer Statistics from China say coal consumption continues to drop, by Edward Wong Bloomberg Almost a billion homes may run on solar energy by 2020, by Anna Hirtenstein Lotus attempts to wow with two model upgrades […]
Coverage: McClendon, ex-Chesapeake Energy CEO, charged with conspiracy
The U.S. Justice Department indicted former Chesapeake Energy CEO Aubrey McClendon on charges of conspiring to rig the price of oil and gas leases in Oklahoma. McClendon, who is considered a pioneer in the U.S. shale boom, called the charges “wrong and unprecedented.” Bradley Olson, Brent Kendall and Erin Ailworth of The Wall Street Journal […]
Talking Biz News Today — March 2, 2016
Some of Wednesday’s top business news stories: The New York Times Apple and FBI face off before Senate Judiciary Committee, by Cecilia Kang Auto sales rose in February as consumers replace older models, by Bill Vlasic Bloomberg Valent CEO calls analysts, saying he needs time, by Drew Armstrong and Sasha Damouni U.S. said to impose 266% […]
Coverage: Owner of NYSE considering offer on London Stock Exchange
Bidding for the London Stock Exchange might soon heat up, with the owners of both the New York Stock Exchange and the Chicago Mercantile Exchange announcing interest in making offers for their British counterpart. LSE had previously agreed to a £20 billion deal to merger with Deutsche Börse, which could be in jeopardy if the German […]
Coverage: China stocks fall as the yuan drops
The Chinese central bank guided the yuan to its weakest point in three weeks, and markets reacted swiftly over concerns about how the country’s economy is actually doing. Bloomberg News had details on why the yuan was dropping so rapidly: Chinese stock-index futures in Hong Kong climbed and the yuan plunged after the central bank […]
Talking Biz News Today – Feb. 29, 2016
Some of Monday’s top business news stories: The Wall Street Journal In Geneva, SUVs grab the industry spotlight, by Eric Sylvers Alibaba in talks with banks for up to $4 billion loan, by Juro Osawa Bloomberg Arab states face $94 billion debt crunch on oil slump, HSBC says, by Stefania Bianchi U.S. senator wants government to set airline […]
Coverage: SeaWorld admits workers spied on animal activists
SeaWorld admitted to planting employees within an animal rights group to spy on the organization. The company’s announcement comes as it desperately tries to regain its reputation following the 2013 release of “Blackfish,” a documentary that examined the treatment of captive orca whales. Lindsey Bever of The Washington Post had the day’s news: SeaWorld’s chief executive admitted […]
Talking Biz News Today – Feb. 26, 2016
Some of Friday’s top business news stories: The Wall Street Journal Kohl’s profit falls 20%, plans to test smaller format store, by Anne Steele Ab InBev profit dented by falling emerging-market currencies, by Natalia Drozdiak Bloomberg Homebuyers in pricey markets are now scared to dream, by Patrick Clark Moody’s fate in subprime probe to be decided soon by […]
