Coverage: CBS head Moonves is negotiating an exit
Leslie Moonves, faced with an investigation into allegations of sexual harassment against him as well as a bitter boardroom battle over the control of CBS, has for the last few weeks been negotiating his potential exit from the network he has run for two decades. Edmund Lee of The New York Times had the news: Mr. Moonves has […]
Talking Biz News Today — Sept. 7, 2018
Some of Friday’s top business news stories: Associated Press Twitter permanently bans Alex Jones, Infowars, citing abuse, by Barbara Ortutay Intent on getting a big raise? You may have to quit your job, by Christopher Rugaber Bloomberg The gun business is bouncing back from a long Trump slump, by Polly Mosendz Short seller Andrew Left sues Musk, Tesla […]
Coverage: Facebook’s Sandberg, Twitter’s Dorsey grilled by lawmakers
Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey appeared before the DC lawmakers on Wednesday to defend each of their companies in what is now the fourth hearing on social media that pertains to Russian interference in U.S. elections, propaganda, and fake accounts. Matt Binder of Mashable had the news: This hearing marked the first time […]
Talking Biz News Today — Sept. 6, 2018
Some of Thursday’s top business news stories: Associated Press U.S. trade deficit widened to $50.1 billion in July, by Paul Wiseman Judge cites picture of mice, lets lawsuit proceed, by Larry Neumeister Bloomberg Amex shares fall after report of FBI probe on forex pricing, by Kathleen Chiglinsky and Ivan Levingston Tesla’s $1.8 billion of junk bonds hit lowest since 2017 […]
Talking Biz News Today — Sept. 5, 2018
Some of Wednesday’s top business news stories: Associated Press A look at companies embroiled in recent political debates, by Alexandra Olson Amazon is second U.S.. company to reach $1 trillion market value, by Joseph Pisani and Marley Jay Bloomberg Google heads into showdown with Congress after witness is rejected, by Ben Brody and Mark Bergen Tesla hits three-month low on Mercedes news, […]
Coverage: JD.com founder Liu arrested in Minnesota
Richard Liu, the billionaire founder and CEO of one of China’s largest e-commerce sites JD.com, has returned to China after being arrested in Minneapolis late Friday on suspicion of sexual misconduct. Jackie Wattles of CNNMoney.com had the news: JD.com said in a statement Sunday on Chinese social media that Liu was falsely accused while on […]
Talking Biz News Today — Sept. 4, 2018
Some of Tuesday’s top business news stories: Associated Press From penny press to Snapchat: Parents fret through the ages, by Barbara Ortutay Tariff fight adds to China’s economic challenges, by Joe McDonald Bloomberg After $40 billion exit, Morgan Stanley says give Europe a chance, by Ksenia Galouchko Fed is most at risk of falling behind says Swiss Re […]
Coverage: Campbell Soup to sell international and fresh food businesses
Campbell Soup said Thursday it is selling its international and fresh food businesses as the 149-year-old condensed-soup maker struggles to regain its financial footing and refocus on its signature packaged foods. Lauren Hirsch of CNBC.com had the news: The company is unwinding efforts by former CEO Denise Morrison to branch into healthier and more fresh foods to […]
Talking Biz News Today — Aug. 31, 2018
Some of Friday’s top business news stories: Associated Press Microsoft to contractors: Give new parents paid leave, by Matt O’Brien Useful or creepy? Machines suggest Gmail responses, by Mae Anderson Bloomberg JPMorgan is liquidating $1 billion credit hedge fund, by Nishant Kumar Google and Mastercard cut a secret ad deal to track retail sales, by Mark Bergen and Jennifer Surane Fortune […]
Coverage: Survey Monkey’s parent files for an IPO
SVMK, the parent company of Survey Monkey, the online polling company, filed for an initial public offering on Wednesday that could raise as much as $100 million. Troy Wolverton of Business Insider had the news: “We believe SurveyMonkey is a category-defining global brand,” SVMK said in the registration statement it filed with the Securities and Exchange […]
