Coverage: Big job growth occurred in December
U.S. employers hired the most workers in 10 months in December while boosting wages, pointing to sustained strength in the economy that could ease fears of a sharp slowdown in growth. Lucia Mutikani of Reuters had the news: Nonfarm payrolls surged by 312,000 jobs last month, the largest gain since February, as employment at construction and […]
Talking Biz News Today — Jan. 7, 2019
Some of Monday’s top business news stories: Associated Press Chinese tech firms lay lower at CES 2019 amid trade tensions, by Matt O’Brien Good news for wild blueberries in faltering No. 1 state, by Patrick Whittle Bloomberg Bridgewater’s Pure Alpha fund returned 14.6% last year, by Hema Parmar and Erik Schatzker Before the electric car takes over, someone needs to […]
Coverage: Bristol-Meyers buying Celgene for $74 billion
Bristol-Myers Squibb Co. said on Thursday it would buy Celgene Corp. for about $74 billion, combining two of the world’s largest cancer drug businesses in the biggest pharmaceutical deal ever. Michael Erman and Ankur Banerjee of Reuters had the story: Both Bristol-Myers and Celgene face separate challenges, and some Wall Street analysts questioned whether the combination – which the companies […]
Talking Biz News Today — Jan. 4, 2019
Some of Friday’s top business news stories: Associated Press Stocks take a beating after iPhone sales slip; Dow falls 660, by Marley Jay Waning iPhone demand highlights Chinese consumer anxiety, by Joe McDonald Bloomberg Ray Dalio says trade war isn’t biggest issue for China and U.S., by Nathan Crooks Mark Zuckerberg halts stock sales as Facebook shares tumble, […]
Coverage: Apple cuts forecast, citing weak China sales
Apple Inc. on Wednesday cut its sales forecast for its latest quarter, with Chief Executive Tim Cook blaming slowing iPhone sales in China, whose economy has been dragged down by uncertainty around U.S.-China trade relations. Munsif Vengattil and Stephen Nellis of Reuters had the news: The news sent Apple shares tumbling in after-hours trade and triggered a broader […]
Talking Biz News Today — Jan. 3, 2019
Some of Thursday’s top business news stories: Associated Press The stock market starts off 2019 with more turbulence, by Marley Jay Netflix criticized for yanking comedian’s episode in Saudi, by Mark Kennedy Bloomberg Market’s favorite recession indicator lurches lower in new year, by Emily Barrett Tesla sinks as price cut signals a ceiling for costly models, by Dana Hull […]
Coverage: Oil prices continue to drop
Oil futures early Wednesday in New York retreated to start the new year, as concerns about global economic health continued to drive fears of flagging demand for crude. Mark DeCambre of MarketWatch.com had the news: West Texas Intermediate crude for February delivery lost 52 cents, or 1.2%, to $44.89 a barrel. WTI ended Monday’s session with a loss of […]
Talking Biz News Today — Jan. 2, 2019
Some of Wednesday’s top business news stories: Associated Press US stocks end dismal, volatile year on a bright note, by Alex Veiga Brexit, tariffs, populism could buffet Europe in 2019, by David McHugh Bloomberg Asian stocks to usher in new year on a cautious note, by Andreea Papuc Beijing dithers as the economy declines, by Christopher Balding Fortune Advancing […]
Coverage: Lampert makes $4.4 billion bid to save Sears
Sears Holdings Corp. Chairman Eddie Lampert submitted a $4.4 billion takeover bid for the bankrupt U.S. retailer, representing its only chance of escaping liquidation and laying off tens of thousands of workers. Mike Spector, Jessica DiNapoli and Harry Brumpton of Reuters had the news: Lampert’s bid is backed in part by $1.3 billion in financing from three different financial […]
Talking Biz News Today — Dec. 31, 2018
Some of Monday’s top business news stories: Associated Press “Aquaman” still rules, and others see a post-Christmas bump, by Lindsey Bahr Prices rise as the minimum wage increases in several states, by David A. Lieb Bloomberg Trump hails “big progress” toward China trade deal, by Maria Jose Valero and Jenny Leonard College football won’t go dark after Disney and Verizon […]
