Coverage: Ford posts a loss amid international struggles
Ford Motor Co., which has struggled overseas and saw U.S. sales fall last year, reported its first quarterly net loss in two years Wednesday Tom Krisher of the Associated Press had the news: The Dearborn, Michigan, company said it lost $116 million, or 3 cents a share, in the fourth quarter, compared with a $2.52 billion […]
Talking Biz News Today — Jan. 24, 2019
Some of Thursday’s top business news stories: Associated Press Government shutdown poses increasing risk to wider economy, by Christopher Rugaber Falling home sales not helping middle-class buyers, by Josh Boak Bloomberg Tesla reduces Model S and Model X production; shares drop, by Dana Hull and Josh Eidelson Stocks close higher after whipsawing investors, by Reade Pickert Fortune HQ Trivia swaps cash […]
Coverage: Housing sales drop to three-year low
Existing-home sales ran at a seasonally adjusted annual rate of 4.99 million in December, the National Association of Realtors said Tuesday, the lowest since November 2015. Sales were down 6.4 percent for the month, and 10.3 percent lower than the year-ago rate. Andrea Riquier of MarketWatch.com had the news: In December, home showings were 7.2% lower than a […]
Talking Biz News Today — Jan. 23, 2019
Some of Wednesday’s top business news stories: Associated Press Political shifts, sales slump casts shadow over gun industry, by Lisa Marie Pane Stocks sink on growth fears and possible snag in trade talks, by Marley Jay Bloomberg Newark airport flights are halted after reports of drones, by Alan Levin and Justin Bachman Big pharma group spent record amount as […]
Coverage: China’s economy grew by 6.6% in 2018, lowest since 1990
China announced Monday that its official economic growth came in at 6.6 percent in 2018, the slowest pace since 1990. Huileng Tan of CNBC.com had the news: That announcement was highly anticipated by many around the world amid Beijing’s ongoing trade dispute with the U.S., its largest trading partner. Economists polled by Reuters had predicted full-year GDP to come in […]
Talking Biz News Today — Jan. 22, 2019
Some of Tuesday’s top business news stories: Associated Press At Sundance, powerful documentaries will be everywhere, by Lindsey Bahr World economy forecast to slow in 2019 amid trade tensions, by Paul Wiseman Bloomberg Black Rock’s data leak strikes 20,000 advisers, by Annie Massa Oil steadies near two-month high as U.S. drilling slows down, by Grant Smith and Robert Tuttle Fortune Passengers […]
Coverage: Moonves to fight for $120 million severance package
Les Moonves, the ex-CBS Corp. boss who got bounced last fall amid a slew of sexual misconduct allegations, is fighting the company’s decision to deny him a $120 million severance package. Alexandra Steigrad of the New York Post had the news: The disgraced media mogul — moving ahead with plans for a counter-attack that were first reported […]
Talking Biz News Today — Jan. 18, 2019
Some of Friday’s top business news stories: Associated Press Netflix’s solid 4Q eclipsed by projected slowing US growth, by Michael Liedtke Grand jury charges four Audi managers in emissions case, by Tom Krisher Bloomberg Elizabeth Warren demands Wells Fargo be kicked off college campuses, by Hannah Levitt Tribune Publishing CEO to step down, by Nabila Ahmed, Kiel Porter and Gerry Smith […]
Coverage: Sears accepts Lampert bid, but future is murky
Sears Holding Corp. has gotten another reprieve, care of a bankruptcy auction win for the company’s Chairman Eddie Lampert, but the problems that got the retailer into trouble in the first place still persist with little hope for change, according to experts. Tonya Garcia of MarketWatch.com had the news: If confirmed, the bid would keep […]
Talking Biz News Today — Jan. 17, 2019
Some of Thursday’s top business news stories: Associated Press Big bank rally helps U.S. stocks finish higher; Goldman soars, by Marley Jay From travel to IPOs, how shutdown is affecting the U.S. economy, by Christopher Rugaber Bloomberg Apple plans to cut back on hiring due to iPhone sales struggles, by Mark Gurman Palantir posted nearly $1 billion in […]
