This week’s business news primarily focused on two events: the announcement of settlements in the forex and Libor scandals and the Fed’s decision on when to increase rates. Uber also made headlines toward the end of the week with the announcement that company was negotiating a $1 billion credit line.
What follow’s are what Talking Biz News views to be the top ten stories of the week:
Monday
- Target is, like, all granola and yogurt and less soup and Corn Flakes, by Geoffrey Smith of Fortune
- Alibaba sued in U.S. by luxury brands over counterfeit goods, by Nate Raymond of Reuters
Tuesday
- UBS to pay $545m to US authorities over forex and Libor scandals, by Caroline Binham and Laura Noonan of the Financial Times
- Carl Icahn read WSJ’s report about Apple not making a TV and doesn’t ‘even know what it says’, by Myles Udland of Business Insider
Wednesday
- Pepsi finally realizes Latinos love flavors, launches Pepsi Limón, by Venessa Wong of BuzzFeed
- Fed: June rate hike is very unlikely, by Patrick Gillespie of CNN Money
Thursday
- A massive bird flu outbreak could make eggs, and just about anything made with them, a lot more expensive, by Roberto A. Ferdman of The Washington Post
- Montblanc to Apple: Our Swiss smartwatch will outlast yours, by Corrine Gretler of Bloomberg
Friday
- Google’s Chromebooks are threatening Microsoft’s cash cow, by Doug Olenick of TheStreet
- Uber, the company that doesn’t need any more money, might get more money, by Jon McDuling of Quartz
