Coverage: Disney takes over Hulu
Walt Disney Co. said it will take full control of the Hulu service in a deal with Comcast Corp. as it vies for a bigger piece of the global video streaming market dominated by companies such as Netflix Inc. Kenneth Li and Vibhuti Sharma of Reuters had the news: The agreement, which ascribes a minimum equity value to […]
Talking Biz News Today — May 15, 2019
Some of Wednesday’s top business news stories: Associated Press Consumers could be collateral damage is US expands tariffs, by Paul Wiseman and Joyce Rosenberg Stocks rise, claw back chunk of Monday’s trade-war plunge, by Damian J. Troise and Stan Choe Bloomberg Uber blame game focuses on Morgan Stanley after shares plunge, by Eric Newcomer, Sonali Basak and Sridhar Natarajan Fidelity drops Goldman by […]
Coverage: Stock markets drop on trade war
The Dow Jones Industrial Average dropped more than 600 points Monday as investors sought shelter from an escalating trade war between the U.S. and China. Damian Troise and Alex Veiga of the Associated Press had the news: The selling was widespread and heavy, handing the benchmark S&P 500 index its biggest loss since January. The sell-off extended the […]
Talking Biz News Today — May 14, 2019
Some of Tuesday’s top business news stories: Associated Press China retaliates on tariffs, stock market goes into slide, by Joe McDonald and Paul Wiseman Businessman gets 4 years in prison for NYPD corruption scam, by Larry Neumeister Bloomberg Uber shares are quickly approaching “white knuckle” territory, by Esha Dey Bayer jury awards $2 billion damages in third Roundup trial, by Joel […]
Coverage: Uber falls 8% in first day of trading
Uber hit a few potholes on its first day of trading, closing down 8 percent on Friday and reflecting lingering doubts about its future prospects for profitability. Cathy Bussewitz, Michael Liedtke and Tom Krisher of the Associated Press had the news: The ride-hailing company injected investors with a dose of reality right out of the gate, trading at $42 […]
Talking Biz News Today — May 13, 2019
Some of Monday’s top business news stories: Associated Press Why tariff war threatens Beijing’s global economic ambitions, by Joe McDonald Trump has long seen previous US trade agreements as losers, by Kevin Freking Bloomberg All eyes on Uber’s second day of trading after debut flop, by Carolina Wilson California may go dark this summer, and most aren’t ready, […]
Coverage: Jeff Bezos wants to send people to the moon
Billionaire entrepreneur Jeff Bezos unveiled on Thursday a mockup of a lunar lander being built by his Blue Origin rocket company and touted his moon goals. Joey Roulette of Reuters had the news: The world’s richest man and Amazon.com Inc’s chief executive waved an arm and a black drape behind him dropped to reveal the two-story-tall […]
Talking Biz News Today — May 10, 2019
Some of Friday’s top business news stories: Associated Press Democratic presidential candidates embrace staff unionizing, by Bill Barrow and Alexandra Jaffe Uber shifts into lower gear, prices IPO at $45/share, by Cathy Bussewitz and Michael Liedtke Bloomberg China is armed with powerful market weapons in duel with Trump, by Katherine Greifeld Trade brawl unmasks the stock market’s many warts, by Sarah Ponczek Fortune […]
Coverage: Walmart is raising the tobacco age to 21
Walmart Inc., one of the biggest U.S. cigarette sellers, is raising the minimum age to purchase tobacco products to 21 in all its stores and will stop selling fruit-flavored e-cigarettes, amid pressure from regulators to curb use by children and teens. Sarah Nassauer and Jennifer Maloney of The Wall Street Journal had the news: In April, the U.S. Food […]
Talking Biz News Today — May 9, 2019
Some of Thursday’s top business news stories: Associated Press US stocks slide as modest rally fades ahead of trade talks, by Damian J. Troise and Alex Veiga Ride-hailing drivers expose financial unrest ahead of Uber IPO, by Cathy Bussewitz Bloomberg Amazon hit by extensive fraud with hackers siphoning merchant funds, by Jonathan Browning Berkshire takes tax hit as victim of […]
