Coverage: Amazon Prime passes 100 million subscribers
Amazon CEO Jeff Bezos disclosed in his annual shareholder’s letter for the first time that Prime now exceeds 100 million members worldwide. Eugene Kim of CNBC.com had the news: In 2017 alone, Amazon added more Prime members than any prior year, and shipped over five billion items through the paid membership service worldwide, he said. Amazon […]
Talking Biz News Today — April 19, 2018
Some of Thursday’s top business news stories: Associated Press Starbucks incident highlights peril of shopping while black, by Errin Haines Whack Stocks ends modestly higher as earnings come in; oil surges, by Alex Veiga Bloomberg Trump’s SEC proposes rewrite of Obama-era broker conflict rules, by Benjamin Bain Odd spike in Wall Street fear gauge awakens manipulation debate, by Luke […]
Coverage: Housing starts rise faster than expected in March
U.S. homebuilding rose more than expected in March amid a rebound in the construction of multi-family housing units, but weakness in the single-family segment suggested an acute shortage of homes for sale will likely persist. Lucia Mutikani of Reuters had the news: Other data on Tuesday showed a solid increase in industrial production last month as […]
Talking Biz News Today — April 18, 2018
Some of Wednesday’s top business news stories: Associated Press IRS payment site fails on tax day, extensions to be granted, by Sarah Skidmore Sell Starbucks to close stores for an afternoon of bias training, by Alexandra Olson and Joseph Pisani Bloomberg Tesla shifts Model 3 production to 24/7 as Musk hikes output, by Dana Hull Death on Southwest plane […]
Coverage: Netflix rises after it gains more users than expected
Netflix Inc.’s blitz of original programs attracted a surprisingly high 7.4 million new customers from January to March, reassuring investors who are betting the video streaming pioneer’s massive spending will fuel growth around the world. Lisa Richwine and Laharee Chatterjee of Reuters had the news: New shows like “Altered Carbon” and “O Mecanismo” helped Netflix smash analysts’ subscriber […]
Talking Biz News Today — April 17, 2018
Some of Tuesday’s top business news stories: Associated Press Starbucks to train workers on “unconscious bias,” CEO says, by Kristen De Groot and Joseph Pisani Trump puts forward 2 more nominees for Fed board, by Martin Crutsinger Bloomberg U.S. Libor replacement, two weeks after debut, has some issues, by Alex Harris Facebook must face group suit claiming it stole biometric […]
Coverage: WPP CEO Sorrell steps down
Martin Sorrell has stepped down as chief executive of WPP PLC following the conclusion of an investigation into an allegation of personal misconduct, ending his more than three decades of leadership atop the world’s largest advertising company. Nick Kostov of The Wall Street Journal had the news: Roberto Quarta, chairman of WPP’s board, will take on the role […]
Talking Biz News Today — April 16, 2018
Some of Monday’s top business news stories: Associated Press Clicking “checkout” could cost more after Supreme Court case, by Jessica Gresko Procrastinators rejoice: There’s still time to file taxes, by Sarah Skidmore Sell Bloomberg What to expect from retail sales after the Trump tax cuts, by Katie Dmitrieva Reality check for superstar Saudi price, by Albert Hunt Fortune Marijuana […]
Coverage: Volkswagen names Diess its new CEO
Volkswagen Group, the world’s largest automaker by sales volume, has appointed Herbert Diess as its new CEO to replace the executive who helped steer the company out of its diesel emissions scandal and into a new era of investment in electric cars. Nathan Bomey of USA Today had the news: CEO Matthias Mueller will relinquish his […]
Talking Biz News Today — April 13, 2018
Some of Friday’s top business news stories: Associated Press Technology, industrials and banks lead rally as stocks rise, by Marley Jay Former coal lobbyist confirmed as No. 2 official at EPA, by Matthew Daly Bloomberg Tesla is in an open feud with NTSB over crash probe, by Ryan Beene, Keith Naughton and Jamie Butters SpaceX’s valuation climbs to $25 billion […]
