Coverage: Walmart buys controlling stake in India’s Flipkart
Walmart Inc., the world’s largest retailer, has agreed to buy India’s leading online retailer Flipkart, paying $16 billion for a controlling stake of 77 percent. Rishi Iyengar and Sherisse Pham of CNNMoney.com had the story: Flipkart gives Walmart access to a market it has been trying to crack for years. The Arkansas-based retailer has been restricted by local […]
Talking Biz News Today — May 10, 2018
Some of Thursday’s top business news stories: Associated Press 50,000 Vegas casino workers to vote on strike over contract, by Regina Garcia Cano U.S. stock indexes deliver solid gains as oil prices surge, by Alex Veiga Fortune Why Boeing and Airbus stand to lose billions due to Iran sanctions, by Sarah Gray The highest paid CEO in the […]
Coverage: Facebook makes its biggest executive shakeup
Facebook instituted its biggest executive shakeup in its 15-year history this week, appointing new leaders for WhatsApp, Messenger and Facebook’s core app while giving other longtime Facebook executives new responsibilities. Kurt Wagner of Recode had the news: The moves, which were announced internally to employees today, are meant to improve executive communication and user privacy, but the changes also […]
Talking Biz News Today — May 9, 2018
Some of Wednesday’s top business news stories: Associated Press How Google aims to simplify your life with AI, by Ryan Nakashima and Mae Anderson China cutting U.S. soybean purchases in wake of tariff threat, by Christopher Rugaber and Dake Kang Fortune Pizza Hut expands beer delivery experiment, by Kirsten Korosec 20% of Americans say their next car will be electric, by Kirsten Korosec […]
Coverage: Nestle pays $7.1 billion to sell Starbucks in stores
In the third-biggest transaction in Nestle SA’s 152-year history, the Swiss food giant will spend $7.15 billion for the right to market Starbucks Corp. products from beans to capsules. Thomas Mulier and Corinne Gretler of Bloomberg News had the story: Nestle won’t get any physical assets in the deal. Instead, Chief Executive Officer Mark Schneider is harnessing the name recognition of […]
Talking Biz News Today — May 8, 2018
Some of Tuesday’s top business news stories: Associated Press Microsoft launches $25 million program to use AI program for disabilities, by Matt O’Brien U.S. oil prices top $70 a barrel for first time since 2014, by David Koenig Fortune Four big takeaways at Satya Nadella’s talk at Microsoft Build, by Jonathan Vanian Why Mondelez is buying Tate’s […]
Coverage: What Buffett said at Berkshire annual meeting
The financial news media flocked to Omaha, Nebraska, this past weekend to attend the Berkshire Hathaway annual meeting and to hear what billionaire Warren Buffett had to say. Katherine Chiglinsky and Noah Buhayer of Bloomberg News had the story: Tens of thousands of investors descended on Omaha, Nebraska, over the weekend to hear him speak about business and […]
Talking Biz News Today — May 7, 2018
Some of Monday’s top business news stories: Associated Press China could target U.S. firms, debt if Trump plays hardball, by Joe McDonald Lobster prices high, but dropping as summer approaches, by Patrick Whittle Bloomberg Iran opposes higher oil prices, signaling divide with Saudis, by Arsalan Shahla Ferrari supercars are so hot they’re sold out into 2019, by Tommaso Ebhardt […]
Coverage: Trade deficit narrows in March
The U.S. trade deficit narrowed sharply in March as exports increased to a record high amid a surge in deliveries of commercial aircraft and soybeans, bolstering the economy’s outlook heading into the second quarter. Lucia Mutikani of Reuters had the news: The Commerce Department said the trade deficit tumbled 15.2 percent to a six-month low of […]
Talking Biz News Today — May 4, 2018
Some of Friday’s top business news stories: Associated Press Robot fast-food chefs: Hype or a sign of industry change? by Matt O’Brien U.S. indictment alleges top VW exec knew of emissions cheating, by Tom Krisher and David McHugh Bloomberg VIX faces probe with controversial auction at issue, by Matt Robinson and Nick Turner Failed Southwest Air jet engine has passed seven inspections, […]
