Talking Biz News Today — Oct. 8, 2018
Some of Monday’s top business news stories: Associated Press Marketing officer explains how a frozen dessert caught fire, by Dee-Ann Durbin As joblessness falls, skilled workers may be hard to find, by Josh Boak Bloomberg Wall Street earnings season gets underway with profitability at a decade high, by Hannah Levitt and Claire Ballentine Tesla quandary: Can anybody on the board […]
Coverage: Campbell Soup tries to fend off activist investor
Campbell Soup is asking shareholders to stand with the soup maker in a battle over its future as activist investor Third Point turns up pressure on the company to sell. Lauren Hirsch of CNBC.com had the news: Dan Loeb’s Third Point, which has a 5.65 percent stake in Campbell, announced its intention to try to replace the […]
Talking Biz News Today — Oct. 5, 2018
Some of Friday’s top business news stories: Associated Press Musk takes a swipe at SEC on heels of fraud settlement, by Michael Liedtke Why rising interest rates are shaking financial markets, by Stan Choe Bloomberg Tronc changes its name back to Tribune Publishing, by Gerry Smith Costco falls after reporting problems with IT systems, by Matthew Boyle Fortune Popeyes […]
Coverage: Barnes & Noble rises 20% as company considers sale
Shares of Barnes & Noble jumped more than 20 percent on Wednesday after it said it is naming a special committee to review bids for the company. Lauren Hirsch and Lauren Thomas of CNBC.com had the news: The retailer said in a statement it has received “expressions of interest” from “multiple parties,” including its Chairman Leonard Riggio, who founded the […]
Talking Biz News Today — Oct. 4, 2018
Some of Thursday’s top business news stories: Associated Press California law on company boards spotlights deep challenges, by Alexandra Olson and Matt Ott Strong economic signs lift US stocks; bond prices drop, by Marley Jay Bloomberg Amazon warehouse workers lose stock awards, bonuses to help pay for raises, by Spencer Soper Boeing CEO says air-prototype taxi will be ready for takeoff […]
Coverage: Amazon raises its minimum wage to $15/hour
Amazon.com Inc.said on Tuesday it would raise its minimum wage to $15 per hour for U.S. employees from next month, giving in to critics of poor pay and working conditions at the world’s second most valuable company. Arjun Panchadar of Reuters had the news: The increase pushes Amazon’s lowest wage above that at Walmart Inc and […]
Talking Biz News Today — Oct. 3, 2018
Some of Wednesday’s top business news stories: Associated Press Can Trump’s bullying style deliver more trade breakthroughs? by Paul Wiseman Rooms with new views: Hotels try their hand at home-sharing, by Dee-Ann Durbin Bloomberg Retail ETF has its worst day in two years on Amazon, Stitch Fix, by Carolina Wilson Jamie Dimon says shareholder meetings have become “a […]
Coverage: GE replaces its CEO with an outsider
General Electric Co. ousted Chief Executive Officer John Flannery in a surprise move on Monday, replacing him with outsider and board member Larry Culp, and said it would take a roughly $23 billion charge to write off goodwill in its power division. Alwyn Scott and Arunima Banerjee of Reuters had the news: The struggling energy, health and transportation […]
Talking Biz News Today — Oct. 2, 2018
Some of Tuesday’s top business news stories: Associated Press Can wireless challenge cable for home internet service? by Mae Anderson DOJ’s lawsuit may delay new California net neutrality law, by Paul Elias and Mae Anderson Bloomberg Elon Musk got $1.7 billion richer today, by Tom Metcalf Toys “R” Us lenders plan brand revival, by Eliza Ronalds-Hannon Fortune Why we should stop […]
Coverage: Musk, Tesla settle charges with SEC
Tesla CEO Elon Musk settled fraud charges with the Security and Exchange Commission on Saturday, requiring the billionaire to pay a $20 million fine and step down as chairman for three years. He will remain CEO. Dalvin Brown of USA Today had the news: Musk has 45 days to resign from the chairmanship, and Tesla will appoint an independent […]
