Coverage: Netflix falls after subscriber growth misses estimates
Netflix Inc. took an unexpected drubbing Monday on Wall Street amid signs that the company’s once torrid growth may be slowing as it faces rising competition. David Ng of the Los Angeles Times had the news: The global streaming giant attracted fewer new subscribers than anticipated in the second quarter, causing shares of the streaming entertainment […]
Talking Biz News Today — July 17, 2018
Some of Tuesday’s top business news stories: Associated Press Tenants allege Kushner firm pushed them out of their homes, by Bernard Condon and Garance Burke China files WTO challenge to $200B U.S. tariff plan, by Joe McDonald Bloomberg Papa John’s founder regrets resigning as chairman, by Craig Giammona, Leslie Patton and Lily Katz Amazon crashes on Prime Day, threatening $3.4 […]
Coverage: UPS, union reach deal on new contract
A segment of United Parcel Services’ union members have reached a tentative agreement with the courier company for a new five-year contract. Brittany De Lea of FoxBusiness.com had the news: The new deal covers about 11,000 UPS freight employees represented by Teamsters. The company says deals have now been reached for both the freight and small […]
Talking Biz News Today — July 16, 2018
Some of Monday’s top business news stories: Associated Press Five years after declaring bankruptcy, Detroit reborn at a cost, by Corey Williams U.S. trade, immigration and biofuel policies hit farmers hard, by David Pitt Bloomberg Apple loses key sales execs as India strategy stumbles, by Saritha Rai How a $139 billion fund is trading the trade war, by Ruth […]
Coverage: J&J ordered to pay more than $4B in talc case
A jury in St. Louis found Thursday that Johnson & Johnson should pay $4.69 billion in damages to 22 women and their families who blamed ovarian-cancer cases on asbestos in the company’s iconic baby powder, the biggest single verdict in such cases so far. Jonathan Rockoff and Sara Randazzo of The Wall Street Journal had the story: The […]
Talking Biz News Today — July 13, 2018
Some of Friday’s top business news stories: Associated Press Stocks rebound; tech rally leads Nasdaq to a record high, by Marley Jay DOJ appealing judge’s OK of AT&T-Time Warner merger, by Marcy Gordon Bloomberg Northrop’s CEO to depart next year as defense giant elevates COO, by Rick Clough Apple announces $300 million China clean energy fund, by Mark Gurman […]
Coverage: Broadcom to buy CA Technologies for $18.9 billion
Broadcom and CA Technologies on Wednesday announced that Broadcom has agreed to acquire the enterprise technology company for $18.9 billion in cash. Chloe Aiello of CNBC.com had the news: The deal values CA stock at about $44.50 per share, or a premium of about 20 percent to the closing price of CA common stock on July 11. The acquisition […]
Talking Biz News Today — July 12, 2018
Some of Thursday’s top business news stories: Associated Press A new round of proposed Trump tariffs would hit U.S. consumers, by Christopher Rugaber Judge approves revised Weinstein Co. bankruptcy sale plan, by Randall Chase Bloomberg Papa John’s founder apologizes for slur after misstep hits stock, by Craig Giammona and Matthew Boyle Stocks decline as oil tumbles, dollar rises, by Randall Jensen […]
Coverage: Vape company Juul raises $650 million
Juul, the popular purveyor of nicotine vaping products, is well on its way to closing a funding round that could top out at more than $1 billion as it has raised $650 million from investors. Alex Wilhelm and Jason Rowley of Crunchbase had the news: Juul’s financial performance over the past few years has been characterized by rapid growth. […]
Talking Biz News Today — July 11, 2018
Some of Wednesday’s top business news stories: Associated Press Stuck in trade war, U.S. and China face uncertain path to deal, by Paul Wiseman and Christopher Rugaber European exporters shift trade to avoid higher U.S. tariffs, by Joe McDonald Bloomberg Blackstone to seek more than $20 billion for buyout fund, by Sabrina Willmer Expatriate workers are leaving Saudi Arabia […]
