Coverage: Facebook earnings beat expectations despite scandal
Facebook Inc. reported quarterly earnings and revenue well above expectations on Wednesday, as it made more ad money from each user despite recent scandals. Anita Balakrishnan of CNBC.com had the news: The quarterly results also emphasized Facebook’s ongoing hiring investments and expansion into mobile. Mobile ad revenue is now 91 percent of the total, and headcount increased 48 percent […]
Talking Biz News Today — April 26, 2018
Some of Thursday’s top business news stories: Associated Press Deutsche Bank steps back from ambition to be a global player, by David McHugh U.S. durable goods orders up 2.6 percent in March, by Martin Crutsinger Bloomberg Ford is getting out of almost all of the American car business, by Keith Naughton The next 9 days will teach us a […]
Coverage: 10-year Treasuries hit 3 percent
The yield on the benchmark 10-year Treasury note hit the key psychological level of 3 percent Tuesday for the first time since January 2014. Thomas Franck of CNBC.com had the story: “It’s certainly a psychological level for people,” said Gary Pollack, head of fixed-income trading at Deutsche Bank Private Wealth Management. “We have a lot of supply this […]
Talking Biz News Today — April 25, 2018
Some of Wednesday’s top business news stories: Associated Press Cambridge Analytica fights back on data scandal, by Danica Kirka Sell-off in industrial, tech stocks sends Dow down 400, by Marley Jay Bloomberg Texas Instruments gives rosy sales forecast; sales jump, by Ian King Generic-drug companies to face first charges in U.S. probe, by David McLaughlin and Drew Armstrong Fortune Nvidia uses […]
Coverage: Hedge fund run by Sears CEO wants to buy retailer’s assets
ESL Investments, the hedge fund led by Sears Holdings CEO Eddie Lampert, is proposing to buy the Kenmore brand, Sears’ home improvement business, its PartsDirect division and some of the chain’s real estate. Lauren Thomas of CNBC.com had the news: The Florida-based firm said it believes the value of Sears’ businesses are not being reflected in the capital […]
Talking Biz News Today — April 24, 2018
Some of Tuesday’s top business news stories: Associated Press U.S. brands suffer collateral damage in Chinese corporate war, by Erika Kinetz Trump likes coal, but that doesn’t mean he’s hostile to wind, by Steve LeBlanc Bloomberg Yields approaching 3% are good news for dollar bulls, by Katherine Greifeld Alphabet sales growth tops forecasts while spending surges, by Mark Bergen […]
Coverage: Wells Fargo is fined $1 billion
Federal regulators slapped Wells Fargo & Co. with a penalty of $1 billion on Friday, punishing the San Francisco bank for abuses that harmed mortgage and auto loan borrowers. James Rufus Koren of the Los Angeles Times had the news: The penalty, announced by the Office of the Comptroller of the Currency and the Consumer Financial […]
Talking Biz News Today — April 23, 2018
Some of Monday’s top business news stories: Associated Press China auto show highlights industry’s electric ambitions, by Joe McDonald Mnuchin expresses optimism trade standoffs can be resolved, by Paul Wiseman and Martin Crutsinger Bloomberg $7 million of wine sold at massive burgundy auction, by Guy Collins Bond traders’ respite from flattening curve may prove fleeting, by Brian Chappatta Fortune Harley-Davidson is […]
Coverage: Philip Morris tanks on lower cigarette sales
Shares in the cigarette giant Philip Morris International plunged as much as 18 percent after its latest earnings report showed that $4.5 billion spent on four new products are failing to win over new customers. Jennifer Kaplan of Bloomberg News had the story: Philip Morris, which sells Marlboros outside the U.S., reported revenue excluding excise taxes […]
Talking Biz News Today — April 20, 2018
Some of Friday’s top business news stories: Associated Press Mattel CEO to step down after being at helm for 14 months, by Anne D’Innocenzio IMF’s Lagarde: Trade tensions threaten global economy, by Martin Crutsinger and Paul Wiseman Bloomberg U.S. weighs emergency measures to curb tech investments by China, by Saleha Mohsin Wells Fargo dropped by teachers union over ties to […]
