Coverage: Yahoo layoffs begin with digital magazines
In an effort to cut cost and restructure, Yahoo announced the “phasing out” of seven digital magazines yesterday in what could be the first round of several layoffs. The sites include: Yahoo Food, Yahoo Health, Yahoo Parenting, Yahoo Makers, Yahoo Travel, Yahoo Autos and Yahoo Real Estate. Peter Sterne of Politico had the day’s news: Yahoo […]
Talking Biz News Today – Feb. 18, 2016
Some of Thursday’s top business news stories: The Wall Street Journal T-Mobile tops expectations as customer base continues to grow, by Lisa Beilfuss Bombardier to cut about 7,000 jobs over next two years, by Judy McKinnon Bloomberg Google adds fresh food to express delivery in crowded filed, by Jack Clark and Spencer Soper Minimum wage hikes aren’t all bad […]
Coverage: Apple refuses to use backdoor encryption
Apple CEO Tim Cook refuses to give into demands placed on him by a U.S. magistrate to help the F.B.I. break into an encrypted iPhone 5c that belonged to one of the shooters in the San Bernardino attacks, saying such a measure would expose Apple customers to a potential data breach. Cook posted his response […]
Talking Biz News Today – Feb. 17, 2016
Some of Wednesday’s top business news stories: The Wall Street Journal What Saudi Arabia’s freeze means for oil prices, by Helen Thomas Apollo Global Management strikes $6.93 billion deal to buy ADT, by Dana Mattioli, Dana Cimilluca and Lisa Beilfuss Bloomberg Groupon soars again, this time after Alibaba’s 5.6% stake, by Olga Kharif and Spencer Soper Goldman Sachs: More and more people […]
Coverage: Apollo Global to buy ADT for $7 billion
Private equity firm Apollo Global plans to buy ADT Corp. for $7 billion with the hopes of merging the home securities company with its own home security company Protection 1. Ankit Ajmera of Reuters had the day’s news: Electronic security services provider ADT Corp said it had agreed to be acquired by funds affiliated with private […]
Talking Biz News Today – Feb. 16, 2016
Some of Tuesday’s top business news stories: The Wall Street Journal Fantasy sports industry mounts lobbying blitz, by Alexandra Berzon Cocktails sip away at beer’s market share, by Tripp Mickle Bloomberg Shell surpasses Chevron to become no. 2 oil company, by Rakteem Katakey China’s bad loans rise to highest in a decade as economy slows The Associated Press […]
Coverage: Ikea accused of avoiding $1 billion in taxes
European Union regulators will examine a new report that accuses Swedish, furniture company Ikea of avoiding at least $1.1 billion in taxes over the past six years. Ikea joins Apple, Google and Starbucks on an ever-growing list of companies reviewed by the European Union for their tax structures. Lucinda Shen of Fortune had the day’s news: […]
Talking Biz News Today – Feb. 15, 2016
Some of Monday’s top business news stories: The Wall Street Journal Spirit Airlines new boss vows to repair image, by Susan Carey Whole Foods works to reduce costs and boost clout with suppliers, by Ilan Brat Bloomberg Economists are ditching their calls for a Fed rate hike in March, by A Catarina Saraiva China’s Spring Festival holiday retail […]
Coverage: Facebook looks to fight terrorism on site
After increasing pressure from the government, Facebook is implementing new tools to combat terrorism on the social media site. Natalie Andrews and Deepa Seetharaman of The Wall Street Journal had the day’s news: Hours after the December shootings in San Bernardino, Calif., Mark Wallace asked his employees at the nonprofit Counter Extremism Project to comb social media […]
Talking Biz News Today – Feb. 12, 2016
Some of Friday’s top business news stories: The Wall Street Journal Thomson Reuters moves to sell IP & science unit, tops earnings views, by Lisa Beilfuss Rio Tinto swings to annual loss, alters dividend policy, by Rhiannon Hoyle Bloomberg ‘We are running under the radar’: Morgan Stanley in $3.2 billion mortgage-bond pact, by Christie Smythe These renters were […]
