Thursday, 07 June 2018 08:51

Twitter to float debt to fund improvements, Walmart offers new wines

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STATEWIDE - Twitter is making some improvements and Walmart goes upscale in Thursday's business news.

The Wall Street Journal confirmed that airlines are raising their ticket prices due to the price of oil -- currently selling for about $65 a barrel. Delta, the nation's No. 2 carrier says it could take up to a year to recoup the extra fuel costs.

 

Shareholders of Google's parent company Alphabet have rejected several proposals aimed at linking executive pay to diversity goals and weakening the voting power of founders Larry Page and Sergey Brin. The two own about 14 percent of the company and control 51 percent of the votes.

 

Twitter is looking for some extra cash. The social network plans to issue about $1 billion worth of debt to be used to improve the company. This is the first time since 2014 that Twitter has sold the notes.

 

Meanwhile, Walmart is bringing a touch of Napa Valley to its stores. It has launched a new winemakers selection that offers spirits from California, Italy and France for about $11 a bottle. Customers can identify wines by a signature "W" on the label.