5 Minutes at the Top of the Hour
Latest news stories from around the world brought to you at the top of the hourListen Now »
NewsView More »
( ) -q-21- UNDATED (Correspondent Jeremy House) “as a subsidiary.”
Chinese e-commerce company Alibaba says it will spin off its logistics arm, Cainiao (CHAN yow) Smart Logistics Network, in an initial public offering in Hong Kong.
[CutID: <Cuts> ALIBABA-CAINIAO-house-q-TUEam.mp3
Out-cue: as a subsidiary]
TAG: Correspondent Jeremy House reporting. Alibaba currently owns nearly a 70% stake in Cainiao, its main delivery arm that handles logistics and parcels for merchants both in China and abroad.
VERBATIM: It’s the first business unit to go public following a major restructuring in Alibaba. The company said that it submitted a spin-off proposal to the Hong Kong Stock Exchange and that it has received confirmation to proceed. Alibaba will continue to me a majority shareholder in Cainiao, holding over 50% of the company and retaining it as a subsidiary.
- London’s Gatwick Airport limits flights this week due to staff illness, including COVID-19Tue, Sep 26, 2023 at 9:34 am
- New cars are supposed to be getting safer. So why are fatalities on the rise?Tue, Sep 26, 2023 at 9:33 am
- Biden administration announces $1.4 billion rail safety planMon, Sep 25, 2023 at 8:48 am
Greg Clugston SRN News White House correspondentView More »
Presidential politics will be on display in Michigan this week as the auto workers strike continues. Both President Biden and former President Trump are traveling to the Detroit area to show support for striking auto workers. Michigan figures to be a key battleground in next November’s election. Trump carried the state in 2016 and Biden won it in 2020. So far, the United Auto Workers union has not endorsed a candidate for 2024.Listen Download
- Trump lashes out at news media, Joint Chiefs chairmanMon, Sep 25, 2023 at 3:38 pm
- Pacific Island leaders meet with Biden at White HouseMon, Sep 25, 2023 at 11:23 am
- Warning signs for Biden in two new national pollsMon, Sep 25, 2023 at 7:07 am
Bob Agnew SRN News U.S. Senate correspondentView More »
Senate Majority Leader Chuck Schumer [D-NY] is laying the groundwork to blame House Republicans for an expected government shutdown at the end of the month. In a letter to his Democrat colleagues Schumer writes that any shutdown will be the result f what he calls “political games” by House Republicans. Fiscal House conservatives are demanding 2024 spending cuts deeper than those already agreed to by Republican House Speaker Kevin McCarthy and the white house. And they’ve vowed not to budge, even if the budget stalemate leads to a shutdown at the end of September. Senate Republican leader Mitch McConnell has said the senate GOP will not support House bills demanding the deeper than agreed upon cuts.Listen Download
- President Biden Says McConnell Was “His Old Self” In Phone CallFri, Sep 1, 2023 at 6:10 am
- Former Senator: “Huge Difference” Between Biden, McConnell ConfusionThu, Aug 31, 2023 at 4:53 pm
- “Medically Clear”. Capitol Doctor Says McConnell Fit To Perform DutiesThu, Aug 31, 2023 at 4:47 pm
Bernie Bennett SRN News U.S. House correspondentView More »
The former President is kicking off his 2024 campaign with two stops along the East Coast. More from Correspondent Bernie Bennett.
Former President Donald Trump kicked off his 2024 White House bid with a stop Saturday in New Hampshire before heading to South Carolina, appearances in early-voting states marking the first campaign events since announcing his latest run more than two months ago.
Those states hold two of the party’s first three nominating contests, giving them enormous power in selecting the nominee.
Mr. Trump and his allies hope the events will offer a show of force behind the former president after a sluggish start to his campaign. In recent weeks, his backers have reached out to political operatives and elected officials to secure support for Mr. Trump at a critical point when other Republicans are preparing their own expected challenges.
Bernie Bennett reporting.Listen Download
- Migration Within the Country Grows the Population of the SouthSat, Jan 28, 2023 at 10:13 pm
- New Inflation ReportThu, Jan 12, 2023 at 2:03 pm
- New Poll on the Selection of House SpeakerThu, Jan 12, 2023 at 2:01 pm
Michael Harrington SRN News religion desk editorView More »
A new poll provides insight into non-Christians and their beliefs about God
VERBATIM: It comes from the Barna Group and it reveals that amongst non-believers in this country, 58% have faith in some kind of higher power. Only 21% of non-Christians state categorically that there is NO God. In fact, nearly 30% agree with the statement that God is “the all-powerful, all-knowing perfect creator of the universe who rules the world today.” Barna researchers say the number indicate that many non-believers would be open to the gospel. Michael Harrington, SRN News.
BusinessView More »
WALL STREET BUSINESS REPORT 9-26Listen Download