Business News
American Business News for 23 Oct 2020
Postal Service awards $5 million contract to DeJoy's former company
CBSNews - 23 Oct 2020 14:50Annual pay rate to move mail across a 700-mile highway route is one of the highest among 1,600 USPS contracts last quarter.
Connected car data group Wejo revs up £250m fundraising
Sky News - 23 Oct 2020 14:13
A technology company which processes data from millions of cars is in talks to raise $350m (£268m) from investors, in what would be one of the biggest-ever fundraisings targeted by a British... start-up.Coca-Cola will scrap around 200 drinks brands, half its portfolio, after falling sales during lockdown
Business Insider - 23 Oct 2020 13:59Coca-Cola would likely remove more brands from its "hydration" category, which includes Dasani, Powerade, and Smart Water, CEO James Quincey said.
Yale's David Swensen Puts Money Managers on Notice About Diversity
Wall Street Journal - 23 Oct 2020 13:00The investment chief of the university's $31.2 billion endowment sent a message this month to the firms that manage Yale's money: They would be measured on their progress increasing their investment... staffs' diversity.
Iraq Emerges as New Front for Enforcement of Iran Oil Sanctions
Wall Street Journal - 23 Oct 2020 11:30
Persian Gulf waters off Iraq have become an important waypoint for Iranian oil smugglers looking to avoid U.S. sanctions, according to American officials, who expressed frustration with Baghdad.Coke is killing 200 brands: Here's the list of canceled products announced so far
Fast Company - 23 Oct 2020 10:08
Iconic drinks like Tab will soon be no more. When you think of Coca-Cola, your mind probably immediately goes to the company’s biggest brands: Coke, Diet Coke, Sprite, Fanta, and Tab. However,... the company actually has more than 500 brands worldwide. The bad news, if you’re a Coke fan, is Coca-Cola is taking a machete to its brand lineup and severing 200 brands from its portfolio by the end of the year. Read Full StoryBabymetal, BTS, NCT And Blackpink: Notable Moves On This Week's World Songs Chart
Forbes - 23 Oct 2020 05:20
Keep an eye on Refund Sisters, who may quickly become K-pop superstars.Wall Street closes higher, trade choppy as U.S. stimulus talks eyed
The Economic Times - 23 Oct 2020 04:22Trading on Wall Street this week has been driven by a flurry of reports related to developments in the stimulus talks.
'Windy City Rehab' star Alison Victoria Gramenos' Bucktown home lists for $2.3 million
Chicago Tribune - 23 Oct 2020 02:02
The "Windy City Rehab" host's Chicago home is getting national attention after a judge denied a couple's motion to halt the sale amid their lawsuit.Whistleblower Awarded Over $114 Million By SEC
Forbes - 23 Oct 2020 01:32
This marks the highest amount ever awarded to a whistleblower by the SEC.Intel CEO expresses optimism even as stock falls after Q3 earnings
Venture Beat - 23 Oct 2020 01:16Intel's earnings prompted a selloff, but in a conference call with analysts, CEO Bob Swan expressed optimism about the future.
EleVen By Venus Williams Launches New 'Rib' collection
Forbes - 23 Oct 2020 00:56
EleVen, the lifestyle brand founded by tennis superstar Venus Williams, is launching its new "Rib Collection" today.Merchants Expand Customer Base With "Buy Now, Pay Later" Options
Forbes - 23 Oct 2020 22:28
The economic uncertainty brought on by the pandemic has been tough on consumers and merchants alike.First Horizon eyes more expense cuts in wake of Iberiabank merger
American Banker - 23 Oct 2020 20:25The Memphis company is looking to take out more costs than initially planned due to the economic uncertainty brought on by the coronavirus pandemic.
Ruth Bader Ginsburg's role in getting women fair access to mortgage loans paved the way for female homeownership to rise
Chicago Tribune - 23 Oct 2020 17:16
The U.S. Supreme Court justice championed gender equality early in her career, paving the way for female homeowners, who now outnumber male homeowners.The DeanBeat: Our next game event focuses on growth and the metaverse
Venture Beat - 23 Oct 2020 17:00With the help of partner Facebook, GamesBeat's next big game conference will take place on January 26-27 and cover growth and the metaverse.
'Our Recent Performance Sucks.' Here's Your $10 Billion Back.
Wall Street Journal - 23 Oct 2020 16:00A value investor who used to have a great record just called it quits. Maybe that means bargain hunting for stocks is about to make a comeback--but don't hold your breath.
Facebook moderators forced to work in Dublin office despite high-tier lockdown
The Guardian - 23 Oct 2020 15:33
Contract staff deemed essential workers as Facebook's own employees work from home Coronavirus - latest updates See all our coronavirus coverage Facebook moderators working for one of the company's... Dublin-based contractors are being forced to go into the office, even as Ireland returns to its highest tier of Covid lockdown, after their employer categorised them as "essential workers". Staff with personal shielding requirements are exempt from the order, but those with high-risk family members at home have been told by the contractor, CPL, that they are still required in the office. Legal & General sells its personal investing business to Fidelity
The Guardian - 23 Oct 2020 15:14
The deal, worth £5.8bn, will double Fidelity's personal investing customer base Legal & General has sold its personal investing business worth nearly £6bn to Fidelity, in a deal that will... add 300,000 customers to the new owner's client base. The deal involves £5.8bn in assets under management held in individual savings accounts (Isas), junior Isas and general investment products that are invested in Legal & General Investment Management (LGIM) funds. As stimulus talks drag on in Washington, millions of small busineses await guidance on PPP loan forgiveness
CNBC - 23 Oct 2020 15:07Small business owners are not just waiting for additional stimulus money from Washington, they need clarity on how the IRS will tax their PPP loans.
I'm a Walmart delivery driver who's made over $100,000 in the last year. I love my job, even though I work 80 hours a week and have only taken one day off.
Business Insider - 23 Oct 2020 15:07People want to protect their data privacy, but most don't have a clear understanding of what that means
Business Insider - 23 Oct 2020 15:05One technical indicator signals bitcoin can lose steam after 10% PayPal rally
Business Insider - 23 Oct 2020 15:04Average Rent In Manhattan Drops Below $3,000 For First Time Since 2011
Forbes - 23 Oct 2020 14:55
There are about 30,000 more apartments available to rent in Manhattan than there were at the same period in 2019, a 70% increase.