Coverage: Boeing’s 737 MAX jets are grounded by U.S.
The Federal Aviation Administration on Wednesday grounded all Boeing 737 Max jets in the U.S., citing new evidence that showed similarities between two fatal crashes of the planes that have killed 346 people in less than five months. Leslie Josephs and Kevin Breuninger of CNBC.com had the news: The move marks a stunning turnaround for the U.S., which has […]
Coverage: Wells Fargo CEO goes to Congress
Lawmakers on Tuesday pressed Wells Fargo & Co. Chief Executive Officer Tim Sloan for proof the bank has put a string of consumer abuse scandals behind it at a tense congressional hearing. Imani Moise and Pete Schroeder of Reuters had the news: While Sloan struggled to convince skeptical lawmakers that Wells Fargo has transformed its culture, he managed […]
Talking Biz News Today — March 13, 2019
Some of Wednesday’s top business news stories: Associated Press Criticism of FAA mounts as other nations ground Boeing jets, by Richard Lardner and Tom Krisher Honda recalls 1.2M more vehicles with dangerous air bags, by Tom Krisher Bloomberg Rite Aid’s top executives leave as 400 jobs are cut, by Robert Langreth T-Mobile’s proposed Spring deal draws criticism from Democrats, […]
Coverage: Tesla reverses course, will keep more stores open
Tesla Inc. rolled back plans to close stores on Monday and will raise prices on some of its electric-vehicle models, an about-face after the auto maker said last month it would shut many of its locations and move sales online only. Kimberly Chin and Esther Fung of The Wall Street Journal had the news: After closing 10% of its locations, […]
Talking Biz News Today — March 12, 2019
Some of Tuesday’s top business news stories: Associated Press Second crash renews safety concerns for Boeing’s prized new jet, by David Koenig Tech leads US stocks broadly higher; Boeing drops, by Damian J. Troise and Alex Veiga Bloomberg Tesla’s “amateur hour” backpedaling prompts analyst head-shaking, by Esha Dey History could doom U.S.-China trade deal, by Michael Schuman Fortune […]
Coverage: Job growth slowed in February
The breakneck pace of hiring slumped in February, a sign that U.S. growth is cooling, though strong wage growth and earlier robust job gains suggest the economy’s near decadelong expansion will endure. Sarah Chaney of The Wall Street Journal had the news: U.S. nonfarm payrolls rose a seasonally adjusted 20,000 in February, the Labor Department said […]
Talking Biz News Today — March 11, 2019
Some of Monday’s top business news stories: Associated Press China’s Yi affirms pledge to avoid devaluation for trade, by Joe McDonald Companies decry “valve turners” who shut down pipelines, by Blake Nicholson Bloomberg Europe’s growth engine sputters, by Chris Reiter and Catherine Bosley Huawei shows where the real U.S.-China imbalance lies, by Tim Culpan Fortune […]
Coverage: Women’s clothing retailer Charlotte Russe to close
Women’s apparel chain Charlotte Russe will close all of its remaining stores as it becomes the latest victim of the retail apocalypse. Chris Morris of Fortune.com had the news: The company says the shutdown of 416 locations will occur during the next two months. Going out of business sales will begin immediately in stores across 44 states […]
Talking Biz News Today — March 8, 2019
Some of Friday’s top business news stories: Associated Press A hot US job market is coaxing people in from the sidelines, by Christoper Rugaber Run, bull, run. Longest US bull market looks to keep going, by Alex Veiga and Damian J. Troise Bloomberg Amazon suppliers panic amid purge aimed at boosting profits, by Spencer Soper […]
Coverage: CEOs say they’re hiring more workers without degrees
Chief executives of major companies said at a White House forum on Wednesday that they are hiring more Americans without college degrees as they search to find increasingly scarce applicants for open jobs. David Shepardson of Reuters had the news: “We have a chance to employ so many more people – and not always with […]
