Coverage: China’s economy grew by 6.6% in 2018, lowest since 1990
China announced Monday that its official economic growth came in at 6.6 percent in 2018, the slowest pace since 1990. Huileng Tan of CNBC.com had the news: That announcement was highly anticipated by many around the world amid Beijing’s ongoing trade dispute with the U.S., its largest trading partner. Economists polled by Reuters had predicted full-year GDP to come in […]
Talking Biz News Today — Jan. 22, 2019
Some of Tuesday’s top business news stories: Associated Press At Sundance, powerful documentaries will be everywhere, by Lindsey Bahr World economy forecast to slow in 2019 amid trade tensions, by Paul Wiseman Bloomberg Black Rock’s data leak strikes 20,000 advisers, by Annie Massa Oil steadies near two-month high as U.S. drilling slows down, by Grant Smith and Robert Tuttle Fortune Passengers […]
Coverage: Moonves to fight for $120 million severance package
Les Moonves, the ex-CBS Corp. boss who got bounced last fall amid a slew of sexual misconduct allegations, is fighting the company’s decision to deny him a $120 million severance package. Alexandra Steigrad of the New York Post had the news: The disgraced media mogul — moving ahead with plans for a counter-attack that were first reported […]
Talking Biz News Today — Jan. 18, 2019
Some of Friday’s top business news stories: Associated Press Netflix’s solid 4Q eclipsed by projected slowing US growth, by Michael Liedtke Grand jury charges four Audi managers in emissions case, by Tom Krisher Bloomberg Elizabeth Warren demands Wells Fargo be kicked off college campuses, by Hannah Levitt Tribune Publishing CEO to step down, by Nabila Ahmed, Kiel Porter and Gerry Smith […]
Coverage: Sears accepts Lampert bid, but future is murky
Sears Holding Corp. has gotten another reprieve, care of a bankruptcy auction win for the company’s Chairman Eddie Lampert, but the problems that got the retailer into trouble in the first place still persist with little hope for change, according to experts. Tonya Garcia of MarketWatch.com had the news: If confirmed, the bid would keep […]
Talking Biz News Today — Jan. 17, 2019
Some of Thursday’s top business news stories: Associated Press Big bank rally helps U.S. stocks finish higher; Goldman soars, by Marley Jay From travel to IPOs, how shutdown is affecting the U.S. economy, by Christopher Rugaber Bloomberg Apple plans to cut back on hiring due to iPhone sales struggles, by Mark Gurman Palantir posted nearly $1 billion in […]
Coverage: Walmart threatens to leave CVS over costs
CVS Health Corp. is battling Walmart Inc. over the cost of filling prescriptions, a clash that could result in a split between the retail behemoth and the health-care giant. Anna Wilde Matthews and Sarah Nassauer of The Wall Street Journal had the story: Walmart is expected to leave CVS Caremark pharmacy networks over the dispute, a split that […]
Talking Biz News Today — Jan. 16, 2019
Some of Wednesday’s top business news stories: Associated Press Federal workers take on odd jobs to make ends meet, by Michelle R. Smith The IRS is recalling 46,000 workers to handle tax returns, by Marcy Gordon Bloomberg Snap finance chief Stone quits after eight months; shares drop, by Sarah Frier Morgan Stanley names 145 managing directors, its top […]
Coverage: PG&E plans to file for bankruptcy protection
PG&E Corp. stock cratered Monday after the company said it will file for Chapter 11 bankruptcy protection amid the financial anguish stemming from its part in helping spark a wave of historic wildfires in California. Thomas Franck of CNBC.com had the news: Shares of the company plunged 52 percent to $8.38 per share Monday, one day after […]
Talking Biz News Today — Jan. 15, 2018
Some of Tuesday’s top business news stories: Associated Press Company known for deep cost-cutting offers to buy Gannett, by Mae Anderson Another sign of weakness in China weighs on US stocks, by Marley Jay Bloomberg Security waits top an hour at Atlanta airport amid shutdown, by Alan Levin and Mary Schlangenstein Richard Clarida hints Fed may not raise rates […]
