Talking Biz News Today — Dec. 5, 2018
Some of Wednesday’s top business news stories: Associated Press Trump, German auto executives meet at White House, by Darlene Superville Renewed jitters over trade send stock, bond prices lower, by Alex Veiga Bloomberg Goldman is on the brink of erasing the Trump bump, by David Scheer Disney ties Iger pay and legacy to messy Fox deal, by Tara Lachapelle […]
Talking Biz News Today — Dec. 4, 2018
Some of Tuesday’s top business news stories: Associated Press U.S. construction spending down 0.1% in October, by Martin Crutsinger Fed Chairman Powell says economic challenges remain, by Martin Crutsinger Bloomberg Ex-Uber security employees allege “deeply troubling” practices, by Eric Newcomer Mercedes nears luxury title with its imported top-seller at risk, by Gabrielle Coppola Fortune Oregon may vote in 2020 […]
Coverage: GlaxoSmithKline is buying Tesaro for $5 billion
The cancer-focused biotech Tesaro is being acquired by pharmaceutical giant GlaxoSmithKline PLC for $5.1 billion. Adam Feuerstein of STAT had the news: The deal values Tesaro at $75 per share, or a 63 percent premium to Friday’s closing price. Tesaro’s drug Zejula belongs to a class of cancer drugs called PARP inhibitors that work by blocking an enzyme that […]
Coverage: Trump and China’s leader call truce in tariff war
China and the United States agreed to a ceasefire in their bitter trade war on Saturday after high-stakes talks in Argentina between U.S. President Donald Trump and Chinese President Xi Jinping, including no escalated tariffs on Jan. 1. Roberta Rampton and Michael Martina of Reuters had the news: Trump will leave tariffs on $200 billion worth of Chinese […]
Talking Biz News Today — Dec. 3, 2018
Some of Monday’s top business news stories: Associated Press US-China trade truce seen boosting US stock market, by Marcy Gordon Salaried workers beware: GM’s cuts are a warning for all, by Tom Krisher and Josh Boak Bloomberg Nexstar is said to be buying Tribune Media for $4.1 billion, by Gerry Smith, Nabila Ahmed and Eric Newcomer Oil surges after Saudi Arabia and […]
Coverage: Bayer to cut 12,000 jobs, sell animal health business
Bayer AG plans to cut 12,000 jobs and exit its animal health business in an effort to mollify Wall Street, which has punished the company over the tidal wave of lawsuits that came alongside the $63 billion takeover of Monsanto Co. Tim Loh and Naomi Kresge of Bloomberg News had the story: The German company announced a rash of […]
Talking Biz News Today — Nov. 30, 2018
Some of Friday’s top business news stories: Associated Press Trump’s new NAFTA faces skeptics in now-Democrat-led House, by Paul Wiseman Cruise control: GM’s No. 2 exec to run self-driving car unit, by Michael Liedtke Bloomberg Deutsche Bank raid pulls CEO deeper into a vicious circle, by Steven Arons and Nicholas Comfort Fed says millennials are just like their parents, only […]
Coverage: New home sales drop to lowest level since 2016
Sales of new U.S. homes slid sharply in October as higher mortgage rates and rising construction costs created significant headwinds for home builders. Laura Kosisto and Harriet Torry of The Wall Street Journal had the news: Purchases of newly built single-family homes fell 8.9% to a seasonally adjusted annual rate of 544,000 in October, the Commerce Department said Wednesday. From a year […]
Talking Biz News Today — Nov. 29, 2018
Some of Thursday’s top business news stories: Associated Press Stocks surge as Powell hints at slower interest rate hikes, by Marley Jay U.S. economy grew at brisk 3.5% annual rate last quarter, by Christopher Rugaber Bloomberg Sub-$2 gasoline pops up in 20 states after oil’s drop, by Ryan Collins The $15 billion money pit dragging GE down, by Katherine […]
Coverage: Conde Nast CEO is leaving amid restructuring
Condé Nast Chief Executive Bob Sauerberg is stepping down, just months after he outlined an ambitious plan to return the magazine publisher to profitability by 2020. Jeffrey A. Trachtenberg of The Wall Street Journal had the news: Mr. Sauerberg will stay on in his role until the appointment of his successor, who will oversee both Condé […]
