Coverage: L.L. Bean’s Leon Gorman remembered
For only the third time in its history, L.L. Bean voluntarily closed its flagship stores in Freeport, Maine, to hold a memorial service for its former president, Leon Gorman. Gorman, 80, passed away earlier this month after months of battling cancer. He is credited with turning his grandfather’s company into the household name it is […]
Talking Biz News Today – Sept. 14, 2015
Some of Monday’s top business news stories: The Wall Street Journal Yahoo loses Marketing Chief Kathy Savitt, by Douglass Macmillan Procter & Gamble’s Riant to retire, by Serena Ng Quartz When Serena Williams went down, prices on tickets to the US Open women’s finals went with her, by Annalisa Merelli This is America’s year to […]
Coverage: GE headquarters switch to be decided this year
General Electric CEO Jeffrey Immelt appeared on CNBC Thursday and said the company’s highly anticipated decision to relocate its headquarters from Fairfield, Connecticut, would be decided by the end of the year. Ankit Ajmera of Reuters laid out how the decision could impact Connecticut, which has been slow to recover from the financial crisis: General […]
Talking Biz News Today – Sept. 11, 2015
Some of Friday’s top business news stories: The Associated Press US unemployment benefit applications dropped to 275,000, by Martin Crutsinger New United Airlines CEO faces long list of challenges, by David Koenig Quartz The Federal Reserve was just given another reason not to raise rates, by Melvin Backman Your iPhone 6 is actually holding its value […]
Coverage: Apple reveals new products, upgrades
Unsurprisingly, the world seemingly stopped Wednesday as Apple CEO Tim Cook and his team revealed the Cupertino, Calif.-based company’s latest innovations. From an iPad Pro to the iPhone 6s and 6s Plus, Apple threw out all the stops for its product announcements. It was a great day- thanks @OneRepublic, our employees & our many customers […]
Talking Biz News Today – Sept. 10, 2015
Some of Thursday’s top business news stories: The Associated Press Why US job openings are surging, while hiring plods, by Christopher S. Rugaber In a 1st, New York to require salt warnings on eatery menus, by Jennifer Peltz Bloomberg Seven reasons the Fed won’t raise rates next week: Deutsche bank, by Alexandra Scaggs Ex-United CEO […]
Coverage: United CEO Smisek flys away
United Continental CEO Jeff Smisek and two other company officials resigned Tuesday in the wake of an internal investigation to determine if it re-established a money-losing flight route to gain favor with David Samson, former chairman of the Port Authority. New York Times reporters Kate Zernike and Jad Mouawad summed up the day’s news: The chief executive and […]
Talking Biz News Today – Sept. 9, 2015
Some of Wednesday’s top business news stories: The New York Times Verizon to offer free mobile TV, with an eye on millennials, by Emily Steel Apple and other tech companies tangle with U.S. over data access, by Matt Apuzzo, David E. Sanger and Michael S. Schmidt Quartz How Bank of China helps keep New York City’s […]
Coverage: Tesco sells off South Korean unit
Tesco, one of Britain’s largest grocery store chains, announced a deal to sells it South Korean operations for more than $6 billion. The deal comes at just the right time for the company, which posted its worst ever loss of $9.5 billion last year. Saabria Chaudhuri and Rick Carew of The Wall Street Journal had the […]
Talking Biz News Today – Sept. 8, 2015
Some of Tuesday’s top business news stories: Reuters BlackRock sees new opportunity in China real estate, by Claire Jim and Denny Thomas Bad loans haunt Greek banks seeking new start, by Greg Roumeliotis and George Georgiopoulos Bloomberg EU prepares plan to relocate 120,000 refugees, by Ian Wishart Oil extends decline as Russia rules out deal […]
