Coverage: Sears reports larger loss, lower sales
Sears Holdings Corp. is limping into the critical holiday season, after the struggling company reported its quarterly sales fell 26 percent and it continues to close dozens of stores. Lauren Thomas of CNBC.com had the news: Sears, faced with mounting liabilities, continues to be in a race to sell off assets, cut costs and reduce debt, […]
Talking Biz News Today — Sept. 14, 2018
Some of Friday’s top business news stories: Associated Press For homebuyers, mortgages are safer but tougher to come by, by Alex Veiga The Apple Watch is inching toward becoming a medical device, by Michael Liedtke Bloomberg Amazon’s Bezos launches $2 billion fund to help the homeless, by Molly Schuetz Crypto’s 80% plunge is now worse than the dot-com […]
Coverage: Hurricane Florence and its economic impact
Hurricane Florence continues to head toward the mid-Atlantic coast and is expected to make land sometime on Friday, potentially bringing record damage to the economies of the Carolinas and causing other problems for businesses. Ivan Levingston and Kathering Chiglinsky of Bloomberg News reported that insurers have begun sending staff to the region: Hartford Financial Services GroupInc. and FM […]
Talking Biz News Today — Sept. 13, 2018
Some of Thursday’s top business news stories: Associated Press Senate OKs Trump choice for IRS head over Democrats’ protest, by Marcy Gordon Got $1,100? Apple shows off is most expensive iPhone yet, by Michael Liedtke Bloomberg U.S. asks China for new round of trade talks led by Mnuchin, by Saleha Mohsin and Jennifer Jacobs Americans are gobbling up fake meat […]
Coverage: Apple’s annual product love fest is Wednesday
Apple is holding a live event Wednesday at the Steve Jobs Theater in Cupertino, California, and speculation is rampant about the next iPhone, whether an updated Apple Watch update is coming, and all other manner of Apple rumors. John Patrick Pullen of Fortune had the news: New Apple iPhones are all but guaranteed, but the devil […]
Talking Biz News Today — Sept. 12, 2018
Some of Wednesday’s top business news stories: Associated Press China puts off licenses for U.S. companies amid tariff battle, by Joe McDonald U.S. strikes down California ban on handgun ads, by Sudhin Thanawala Bloomberg Apple advances most in five weeks ahead of annual product launch, by Elena Popina Stocks gain a second day on tech rally, by Sarah Ponczek […]
Coverage: Sonos stock falls 14 percent after first earnings
Shares of Sonos Inc. fell more than 14 percent in after-hours trading after it reported that its quarterly revenue — its first financial report since going public — was lower than it was at the same time last year. Annie Gaus of TheStreet.com had the news: Sonos, which makes home speakers and high-end sound systems, reported […]
Talking Biz News Today — Sept. 11, 2018
Some of Tuesday’s top business news stories: Associated Press CBS sets aside $120 million for Moonves, but will he see it? by David Bauder China promises retaliation if U.S. imposes more tariffs, by Joe McDonald Bloomberg Florence could cost insurers up to $20 billion in early forecast, by Ivan Levingston Shale barons find fresh powder in Wyoming, by Liam […]
Coverage: CBS CEO Moonves is out after more allegations
The CBS Corp. board worked on Sunday to remove its longtime chief executive, Leslie Moonves, whose fall from Hollywood’s highest echelon was all but sealed after the publication of new sexual harassment allegations against him. Edmund Lee of The New York Times had the news: The coming departure of Mr. Moonves marks a stunning reversal for […]
Talking Biz News Today — Sept. 10, 2018
Some of Monday’s top business news stories: Associated Press China’s trade surplus with U.S. hits a record $31 billion, by Joe McDonald Despite Trump tweet, Ford says it won’t make hatchback in U.S., Paul Wiseman Bloomberg Apple, Ford urged by Trump to bring jobs home. They probably won’t, by Gabrielle Coppola Why Detroit’s hubris makes this the best […]
