Page 28 of 33 FirstFirst ... 182627282930 ... LastLast
Results 271 to 280 of 328

Thread: The business news thread

  1. #271
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 2,906
    We know thousands of Russians created fake accounts on Facebook, Twitter and Google for the purpose of spreading spread false stories and pro-Trump propaganda prior to the 2016 Presidential election -- but the problem of fake accounts has turned out to be much worse than we thought.

    Twitter is sweeping out fake accounts like never before, putting user growth at risk
    Twitter suspended more than 70 million accounts in May and June and the pace has continued in July.

    https://www.washingtonpost.com/techn...r-growth-risk/

  2. #272
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 2,906
    Starbucks is joining Hilton Hotels, Alaska Airlines and other big corporations in getting rid of plastic straws. Joni Mitchell's song Big Yellow Taxi predicted a day when the only trees left on earth would be in a tree museum. Maybe someday we'll have a straw museum. "Daddy, what are those things? What were they used for?"

    Starbucks to eliminate plastic straws globally by 2020

    https://www.usatoday.com/story/money...020/764343002/

  3. #273
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 2,906
    Donald Trump said last month that pharmaceutical companies would be making "massive" cuts in drug prices. Apparently he didn't bother to check with the pharmaceutical companies before making the announcement. Last week, Pfizer raised prices on around 100 drugs and today the President responded. On Twitter, of course:

    "Pfizer & others should be ashamed that they have raised drug prices for no reason. They are merely taking advantage of the poor & others unable to defend themselves, while at the same time giving bargain basement prices to other countries in Europe & elsewhere. We will respond!"

    Following Trump's tweet, Merck shares fell 46 cents and Pfizer shares fell 15 cents. Pfizer recovered, closing today 0.13% higher but Merck was down 0.29%.

    Trump tweet slams Pfizer over drug price hikes

    https://www.cbsnews.com/news/trump-t...-shares-today/

  4. #274
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 2,906
    Today's Chinese language lesson: "Tesla" is 特斯拉 (Te-si-la) and "factory" is 工厂 (gong-chang).

    Tesla to build its first foreign factory in China
    CBS News, Jul 10 2018 4:38 PM

    Tesla signed a deal today to build its first factory outside the US in Shanghai, making it the first wholly foreign-owned automaker in China. The announcement comes amid mounting US-Chinese tension over technology and joint ventures and follows Beijing's April promise to end restrictions that required foreign automakers to work through local partners. Tesla said the China factory would not affect production in the United States, which is forecast to increase.

    Production is expected to begin two to three years after official permits are obtained, with an eventual goal of 500,000 vehicles output annually. Tesla began selling cars in China in 2014, shipping them from its California factory, which added a 15% import duty to the price. Despite that, China quickly became its number two market after the United States.

    https://www.cbsnews.com/news/elon-mu...china-factory/

  5. #275
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 2,906
    For those of us who refuse to pay to read The Wall Street Journal online, we can simply wait for other websites to share WSJ stories. This is from Talkers.com, July 10:

    Liberty still interested in iHeartMedia

    The Wall Street Journal is reporting that Liberty Media, after taking its offer of $1.2 billion for 40% of iHeartMedia off the table a couple of weeks ago, is "working on revamping its original offer.” The story goes on to say that Liberty’s return to the table could signal a bidding war between it and private equity firm Silver Lake. The Wall Street Journal story says Silver Lake has made an offer for 20% of the reorganized iHeart, though a dollar figure is not being reported.

    Both Liberty – owner of a controlling interest in SiriusXM and a minority interest in Pandora – and Silver Lake are also said to be in talks with iHeartMedia creditors Franklin Advisors Inc. and Pacific Investment Management Company, both of which are expected to control the post-reorganization iHeartMedia. For Liberty, the obvious synergies make it an attractive suitor with iHeart itself stating in a recent filing that Liberty’s original offer didn’t take into account some $500 million in annual synergies.

    http://www.talkers.com

  6. #276
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 2,906
    Comcast and Disney were fighting to buy Fox. Disney won. Now Fox and Comcast are fighting to buy Sky. Disney will own Sky unless Comcast buys the 61% that Fox doesn't already own. Ooohhh.....my head is spinning.

    Fox strikes $32.5-billion deal for Sky TV service, topping offer from Comcast

    http://www.latimes.com/business/holl...711-story.html

  7. #277
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 2,906
    Pfizer CEO Ian Read is postponing the latest round of price hikes until 2019 to give Trump time to "strengthen the healthcare system and provide more access to patients." If Read really thinks Trump will strengthen the healthcare system, maybe he needs to up the dosage of his medications!

    Pfizer buckles under pressure from Trump, delays drug price increases

    http://www.latimes.com/business/la-f...711-story.html

  8. #278
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 2,906
    Build-A-Bear Workshop's "Pay Your Child's Age" sale probably sounded like a good idea but ultimately it, um, didn't work.

    Build-A-Bear mayhem: Company cancels 'Pay Your Age' sale amid massive crowds, safety concerns

    https://www.cbsnews.com/news/build-a...fety-concerns/

  9. #279
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 2,906
    A judge ruled on June 12 that the Justice Department failed to prove the AT&T-Time Warner merger would violate antitrust laws. He approved the merger and gave the Justice Department 60 days to appeal. Well.......guess what.

    Justice Department to appeal $85 billion AT&T-Time Warner merger

    http://www.businessinsider.com/att-t...rt-says-2018-7

  10. #280
    Rewind is offline
    Guru
    Rewind's Avatar
    Joined: Oct 2017 Location: Los Angeles Posts: 2,906
    "justice, noun: just behavior or treatment; the condition of being morally correct or fair. Synonyms: fairness, justness, evenhandedness, impartiality, objectivity, neutrality." Under the Trump administration, those definitions no longer apply.

    AT&T chief Randall Stephenson questions DOJ challenge of takeover: 'We own Time Warner'
    Los Angeles Times, Jul 13 2018 12:35 PM

    Analysts today puzzled over why the US Justice Department would try to unravel AT&T’s purchase of Time Warner after the government suffered a stinging defeat in court — and a full month after the acquisition closed. AT&T Chief Executive Randall Stephenson, was dismissive of the government’s chances on appeal. "It’s a very narrow path that would have to be traveled to get this thing reversed," Stephenson said in an interview with CNBC. "The merger is closed. We own Time Warner."

    AT&T prevailed over the Justice Department following a six-week trial that unfolded in a Washington DC courtroom. Judge Richard Leon tried to discourage the government from mounting an appeal.

    http://www.latimes.com/business/holl...713-story.html

  11. Ad Fairy Senior Member
Page 28 of 33 FirstFirst ... 182627282930 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •