Coverage: Apollo Capital is buying hospital company LifePoint for $5.6B
Private equity firm Apollo Global Management will spend about $5.6 billion to buy the rural hospital chain LifePoint and combine it with health system operator RCCH HealthCare Partners. Jamie McGee of The Tennessean had the news: LifePoint shareholders will receive $65 in cash for each share in a deal that’s worth about $2.7 billion not counting […]
Talking Biz News Today — July 24, 2018
Some of Tuesday’s top business news stories: Associated Press NY Daily News slashes newsroom staffing in half, by Damian J. Troise U.S. existing home sales fell 0.6 percent in June, by Josh Boak Bloomberg Whirlpool sinks with raw material costs climb across the world, by Anne Riley Moffat Netflix bull battles bear in debate over cash burn, competition, […]
Coverage: Fiat CEO Marchionne steps down due to ailing health
Fiat Chrysler Automobiles named Mike Manley, who had been the head of Jeep and Ram brands, as CEO Sergio Marchionne’s successor on Saturday and Ferrari’s board named John Elkann as its new chairman after announcing that Marchionne would be unable to return to work. Randy Essex and James LaReau of the Detroit Free Press had the news: Elkann also […]
Talking Biz News Today — July 23, 2018
Some of Monday’s top business news stories: Associated Press Analysts: Trump tariff threats unlikely to yield trade deals, by Christopher Rugaber and Paul Wiseman G-20 calls for more dialog on rising trade tensions, by Luis Andres Henao Bloomberg Marchionne’s successor has just days to get ready for his close-up, by Tomasso Ebhardt and Gabrielle Coppola Asia stocks face mixed start; dollar holds […]
Coverage: Trump criticizes Fed for rate hikes
By breaking with a 25-year tradition and criticizing Federal Reserve officials for raising interest rates, President Donald Trump has put Fed policymakers in a no-win position that could jeopardize the economic expansion. Paul Davidson of USA Today had the news: Other economists are downplaying Trump’s remarks, noting that Fed Chairman Jerome Powell is unlikely to be […]
Talking Biz News Today — July 20, 2018
Some of Friday’s top business news stories: Associated Press Zuckerberg’s Holocaust comments put Facebook on the spot, by Barbara Ortutay Banks weaken, but small-company stocks hold up well, by Marley Jay Bloomberg Microsoft sales top estimates as more customers sign up for cloud, by Dina Bass Hedge fund investors pull money for first time since 2017, by Melissa […]
Coverage: Auto makers push back on Trump’s proposed tariffs
President Donald Trump is considering slapping tariffs on imported autos and auto parts, a move he says would aid American workers but that could inflate car prices, make U.S. manufacturers less competitive and draw retaliation from other nations. Paul Wiseman, Christopher Rugaber and Tom Krisher of the AP had the news: On Thursday, manufacturers, suppliers, car dealers and […]
Talking Biz News Today — July 19, 2018
Some of Thursday’s top business news stories: Associated Press EU fines Google a record $5 billion over mobile practices, by Ryan Nakashima and Raf Casert Fed says trade war downturn could pose challenges, by Martin Crutsinger Bloomberg Trump says U.S. may have separate trade deal with Mexico, by Toluse Olorunnipa and Jenny Leonard CBS directors had prior talks on contesting Redstone […]
Coverage: Texas Instruments CEO resigns over behavior
Texas Instruments says CEOBrian Crutcher has resigned after one month on the job because of personal behavior that violated the company’s code of conduct. Julia Horowitz of CNNMoney.com had the news: Crutcher also resigned as company president and as a member of the board. Rich Templeton, the chairman, will take on the roles of president and […]
Talking Biz News Today — July 18, 2018
Some of Wednesday’s top business news stories: Associated Press Powell says strong economy will keep rate hikes coming, by Martin Crutsinger Twitter suspended 58 million accounts in 4Q, by Barbara Ortutay and Ken Sweet Bloomberg Berkshire lifts cap on stock buybacks, by Katherine Chiglinsky and Noah Buhayar Jeff Bezos becoms the richest man in modern history, topping $150 billion, by Olivia Carville and Tom Metcalf […]
