Coverage: Verizon buys Yahoo for $4.8 billion
Verizon Communications is expected to announce a deal Monday morning to acquire Yahoo Inc. for $4.8 billion, adding it to its AOL internet business. Ryan Knutson and Deepa Seetharaman of The Wall Street Journal have the news: The price tag, which includes Yahoo’s core internet business and some real estate, is a remarkable fall for the Silicon […]
Talking Biz News Today — July 25, 2016
Some of Monday’s top business news stories: Associated Press Solar projects can’t save the forests for the trees, by Frank Eltman Boom times for big U.S. airlines, by David Koenig Bloomberg Hershey Trust reaches tentative deal to reform its governance, by Nick Turner Citigroup says dollar bulls will be wise not to bet on the […]
Coverage: GM posts best quarter since bankruptcy
General Motors Co. announced Thursday its best earnings report since the automaker filed for bankruptcy court protection eight years ago, but it issued a warning about its results for the rest of the year. Gautham Nagesh of the Wall Street Journal had the news: Results for the quarter benefited from a continued shift in the U.S. […]
Talking Biz News Today — July 22, 2016
Some of Friday’s top business news stories: Associated Press Fox needs to find a successor to man who invented network, by David Bauder Chipotle pulls out the S, by Candice Choi Bloomberg Samsung buys $449 million stake in Buffett-backed carmaker BYD, by Craig Trudell U.S. gas bulls are counting on this heat wave for a […]
Coverage: HSBC executives facing criminal charges
Two senior executives of global banking giant HSBC have been accused of a currency manipulation scheme that federal prosecutors say generated $8 million in profits and fees. Alexandra Stevenson of the New York Times has the news: The global head of HSBC’s foreign exchange cash trading desk, Mark Johnson, a Briton, was arrested by federal agents Tuesday […]
Talking Biz News Today — July 21, 2016
Some of Thursday’s top business news stories: Associated Press U.S. goes after more than $1 billion taken from Malaysian fund, by Eric Tucker Leslie Jones is just the latest casualty of Twitter abuse, by Barbara Ortutay Bloomberg Tesla’s “master plan” outlines significant expansion of company, by Dana Hull U.S. charges owner of most-visited illegal file-sharing […]
Coverage: Ailes headed for the Fox News door
Roger Ailes, the 76-year-old chairman of Fox News, is negotiating an exit from the company, part of 21st Century Fox, less than a month after being hit with a sexual harassment lawsuit by former Fox anchor Gretchen Carlson. John Koblin and Jim Rutenberg of the New York Times had the news: Mr. Ailes and 21st Century Fox, Fox […]
Talking Biz News Today — July 20, 2016
Some of Wednesday’s top business news stories: Associated Press As PCs decline, Microsoft betting its future on the cloud, by Brandon Bailey Dow inches to record high in mixed day for stocks, by Stan Choe Bloomberg Charter sued by Fox News in dispute over programming fees, by Chris Dolmetsch Valeant drug should be approved with […]
Coverage: Netflix shares drop as subscriber growth slows
Netflix Inc. reported Monday that its subscriptions in the second quarter grew much less than analysts expected, sending its stock down 13 percent in after-hours trading. Shalini Ramachandran and Maria Armental of The Wall Street Journal had the news: However, the Los Gatos, Calif.-based company also reported earnings that handily beat analysts’ earnings estimates and […]
Talking Biz News Today — July 19, 2016
Some of Tuesday’s top business news stories: Associated Press Yahoo reports another big loss, writes down Tumblr value, by Brandon Bailey and Michael Liedtke U.S. says fuel economy likely won’t meet 2025 targets, by Dee-Ann Durbin and Tom Krisher Bloomberg Fiat Chrysler auto sales probed by Justice Department, SEC, by Tom Schoenberg and Tommaso Ebhardt Uber […]
