Talking Biz News Today — June 25, 2018
Some of Monday’s top business news stories: Associated Press U.S. imported more seafood in 2017 than any prior year, by Patrick Whittle Corporate America increasingly avoids gun-industry business, by Lisa Marie Pane Bloomberg Americans still aren’t saving, despite the booming economy, by Riley Griffin American-Berkshire-JPMorgan health venture takes aim at middleman, by Zachary Tracer Fortune Uber heads to court […]
Coverage: Intel CEO out after relationship with employee
Intel Corp.’s Brian Krzanich was forced out as CEO following an investigation into a “consensual relationship with an Intel employee,” the company announced Thursday. Sara Salinas of CNBC.com had the news: Chief financial officer Robert Swan will step in as interim CEO, effective immediately, and the board has already begun the search for a permanent replacement. “An […]
Talking Biz News Today — June 22, 2018
Some of Friday’s top business news stories: Associated Press Trump jabbed first, and now the world hits back in trade fight, by Paul Wiseman Fed finds biggest U.S. banks strong enough to survive shock, by Marcy Gordon Bloomberg Fannie, Freddie rise after White House proposes privatization, by Gregory Mott Chipotle’s path to redemption’s paved with milkshakes, quesadillas, by Craig […]
Coverage: Disney sweetens the deal for Fox assets
The Walt Disney Co. sharply increased its offer for 21st Century Fox on Wednesday, as it looks to win a bidding war with Comcast for Rupert Murdoch’s entertainment conglomerate. Edmund Lee of The New York Times had the news: In a quickly issued response, 21st Century Fox announced that it had entered into an agreement with […]
Talking Biz News Today — June 21, 2018
Some of Thursday’s top business news stories: Associated Press Stocks finish mostly higher as tech and media companies lead, by Marley Jay Lawmakers rip tariffs enacted in name of national security, by Kevin Freking and Paul Wiseman Bloomberg Jack Dorsey’s Twitter, Square are on the verge of doubling this year, by Lily Katz and Selina Wang The biggest U.S. oil patch is […]
Coverage: American Airlines cancels thousands of flights
A computer glitch within PSA Airlines, an American Airlines regional carrier, forced the cancellation of hundreds of flights on Monday and Tuesday at Charlotte Douglas International Airport in North Carolina. Brian Pascus of Business Insider had the story: The problem has plagued American Airlines since last week. On Thursday and Friday, about 675 PSA flights were canceled because […]
Talking Biz News Today — June 20, 2018
Some of Wednesday’s top business news stories: Associated Press Dow posts sixth loss in a row on trade spat, small companies rally, by Marley Jay Trump raises risk of economically harmful US-China trade war, by Paul Wiseman and Zeke Miller Bloomberg GE kicked out of Dow, last 19th century member removed, by Sarah Ponczek and Rick Clough Starbucks pumps the brakes in […]
Coverage: Audi’s CEO arrested in diesel scandal
Volkswagen began work to find a stand-in boss for its Audi brand after German authorities arrested current Audi Chief Executive Rupert Stadler as part of a probe into emissions test cheating. Edward Taylor and Jan Schwartz of Reuters had the news: Stadler’s arrest on Monday threw Volkswagen (VW) into turmoil as it struggles to recover from cheating revelations, […]
Talking Biz News Today — June 19, 2018
Some of Tuesday’s top business news stories: Associated Press Experts say auto tariffs would raise prices, cost jobs, by Tom Krisher Apple sets up iPhones to relay locations of 911 calls, by Michael Liedtke Bloomberg Sam Zell removed as conference speaker after making offensive remark, by Gillian Tan Musk says Tesla hit with “extensive” sabotage by rogue employee, […]
Coverage: Perry Ellis goes private in deal with founder
Clothing designer-retailer Perry Ellis International Inc. agreed to be taken private by its founder, George Feldenkreis, in a $437 million deal after Feldenkreis spent months pushing for the company to be sold. Zachary Tracer of Bloomberg News had the story: Investors will get $27.50 a share in cash, the Miami-based company said Saturday in a statement. That’s the […]
