Talking Biz News Today – Dec. 21, 2015
Some of Monday’s top business news stories: The Wall Street Journal Toshiba likely to post $4 billion net loss in current fiscal year, by Takashi Mochizuki and Peter Landers ‘Super Saturday’: Holiday shoppers wait until the last minute for deals, by Suzanne Kapner Quartz U.S. soda sales keep falling, and 2016 doesn’t look any better, by Chase Purdy China’s […]
Coverage: Pharma CEO Martin Shkreli arrested
He attracted the ire of both the media and the public just months ago, and it seems the year continues to get worse for Turning Pharmaceuticals CEO Martin Shkreli. On Thursday morning, federal officials arrested Shkreli on multiple securities and wire fraud charges for his part in what prosecutors called a “Ponzi scheme.” None of […]
Talking Biz News Today – Dec. 18, 2015
Some of Friday’s top business news stories: The Wall Street Journal Martin Shkreli, pharma executive, arrested on fraud charges, by Christopher M. Matthews and Rebecca Davis O’Brien Disney ‘Star Wars’ opens in biggest, priciest theaters, by Ben Fritz and Erich Schwartzel Quartz Here’s what not to expect from your job next year, by Amy X. Wang Vladimir Putin showers the “bright and […]
Coverage: The Fed finally raises rates
For the first time since 2006, the Federal Open Market Committee agreed to raise interest rates from 0 percent to 0.25 percent. The decision marks the end of a long debate surrounding Chairwoman Janet Yellen and her team’s decision. Jeff Cox of CNBC had the day’s news: At long last, a rate hike for the history books. After […]
Talking Biz News Today – Dec. 17, 2015
Some of Thursday’s top business news stories: The Wall Street Journal Fed raises rates after seven years near zero, expects ‘gradual’ tightening path, by Jon Hilsenrath and Ben Leubsdorf Valeant Pharmaceuticals slashes revenue, earnings guidance, by Michael Rapoport Quartz The U.S. oil glut is inching ever closer to a new record, by Melvin Backman The Fed just raised rates! What […]
Coverage: Howard Stern renews deal with SiriusXM
Howard Stern renewed his five-year contract with SiriusXM for the third time, the company announced Tuesday. No financial terms were disclosed in the announcement. David Bauder of The Associated Press had the day’s news: Much has changed for Howard Stern and SiriusXM since their first deal a decade ago – except for their desire to […]
Talking Biz News Today – Dec. 16, 2015
Some of Wednesday’s top business news stories: The Wall Street Journal Fed risks new distortions when it raises rates, by Katy Burne Chipotle heads back to the test kitchen, by Julie Jargon Bloomberg Valeant surges on drug distribution agreement with Walgreens, by Albertina Torsoli and Caroline Chen Fed’s historic liftoff and everything after: Decision day guide, by Jeanna Smialek […]
Coverage: Samsung takes Apple to Supreme Court
Samsung continues to throw the kitchen sink into its lawsuit with competitor Apple, filing on Monday a petition with the U.S. Supreme Court to review its long-term patent battle with its Californian competitor. In the original suit, Samsung was ordered to pay Apple $548 million in damages for infringements on iPhone patents and designs. Andrew Chung […]
Talking Biz News Today – Dec. 15, 2015
Some of Tuesday’s top business news stories: The Wall Street Journal Google’s Sundar Pichai reaches out to India, by Newley Purnell Newell Rubbermaid to buy Jarden for over $15 billion, by Serena Ng and Mark Maremont Quartz New proposal for Yahoo’s turnaround: get rid of Marissa Mayer, 75% of staff, and lavish perks, by Alice Truong Oil prices keep falling, […]
Coverage: Shareholder activist Loeb strikes out at Dow Chemical
Even though the ink is still drying on its $130 billion mega merger, Dow Chemical is still fending off attacks from shareholder activist Daniel Loeb. Over the weekend, Loeb wrote a letter to the company’s board in which he agreed with the deal and then criticized the company’s timing of the deal. Loeb went so far as to ask […]
