Talking Biz News Today — Sept. 24, 2018
Some of Monday’s top business news stories: Associated Press As aid checks go out, farmers worry bailout won’t be enough, by Juliet Linderman Billionaires buying up media: Savior complex or civic duty? by Barbara Ortutay Bloomberg China looks to influence Iowa in trade war, by Mark Niquette and Jennifer Jacobs Homeowners gain $5.57 per hour in home equity across California, […]
Coverage: Wells Fargo to cut thousands of jobs
Wells Fargo & Co. on Thursday said it would reduce jobs as part of its “ongoing transformation” to address industry trends and changes in customer behavior. Josh Beckerman of The Wall Street Journal had the news: The bank expects head count to decline by about 5% to 10% within the next three years, which includes displacements […]
Talking Biz News Today — Sept. 21, 2018
Some of Friday’s top business news stories: Associated Press Stocks at records; Dow beats all-time high from January, by Alex Veiga Will American Airlines bar customers from changing a ticket? by David Koenig Bloomberg Tesla loses supply management chief as exodus worsens, by Dana Hull Chip stock anxieties revived as Micron sales view falls short, by Jeran Wittenstein Fortune […]
Coverage: Alibaba’s Ma backs off pledge to create 1M U.S. jobs
Jack Ma, founder and chairman of Chinese retail giant Alibaba, says the company no longer plans to create one million jobs in the United States in the wake of the ongoing trade conflict between the U.S. and China. Jillian D’Onfro of CNBC.com had the news: Ma made his original job creation pronouncement during a high-profile meeting with Donald Trump in January 2017 before […]
Talking Biz News Today — Sept. 20, 2018
Some of Thursday’s top business news stories: Associated Press No way out? US, China tariffs may become the new normal, by Paul Wiseman China looks unlikely to give in after US tariff hike, by Joe McDonald Bloomberg Fortunes made and lost in weed in single wildest trading day, by Courtney Dentch and Elena Popina Amazon will consider opening up to […]
Coverage: Justice Department investigating Musk, Tesla
Tesla Inc. said on Tuesday the U.S. Department of Justice was investigating Chief Executive Elon Musk’s public statements in August that he was considering taking the electric carmaker private. Sonam Rai of Reuters had the news: The Justice Department asked Tesla for documents about Musk’s announcement, Tesla said, describing it as a “voluntary request.” The company […]
Talking Biz News Today — Sept. 19, 2018
Some of Wednesday’s top business news stories: Associated Press U.S.-China trade war could soon pose a serious economic threat, by Christopher Rugaber EU optimistic about Brexit border compromise, by Lorne Cook and Ken Moritsugu Bloomberg Three crypto exchanges may be operating illegally, N.Y. says, by Lily Katz World’s most valuable pot company envisions a $100 billion future, by Craig Giammona and Janet Freund […]
Talking Biz News Today — Sept. 18, 2018
Some of Tuesday’s top business news stories: Associated Press Can apps like Waze steer you clear of a natural disaster? Maybe not, by Matt O’Brien Coke analyzing cannabis in wellness drinks, by Gillian Flaccus Bloomberg Saudi wealth fund to invest $1 billion in Tesla rival Lucid, by Matthew Martin and David Welch Musk says he’s left one hell for another: […]
Coverage: Saleforce founders are buying Time magazine for $190 million
Nearly eight months after Meredith Corp. completed its purchase of Time Inc., the publisher has agreed to sell Time magazine for $190 million to Marc Benioff, co-founder of Salesforce.com, and his wife Lynne Benioff. Jeffrey A. Trachtenberg of The Wall Street Journal had the news: The proposed sale is expected to close within 30 days. The Benioffs […]
Talking Biz News Today — Sept. 17, 2018
Some of Monday’s top business news stories: Associated Press Rains from Florence cause collapse at NC coal ash landfill, by Michael Biesecker Florence likely to expose gaps in flood insurance, by Ken Sweet and Meghan Hoyer Bloomberg Amazon investigates report that employees leaked data for bribes, by Luke Kawa Fiat weighs new approaches for Marelli unit after low KKR bid, […]
