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Business News

Location American Business News for 9 March 2020
A dozen years after the 2008 recession, a new kind of debt threatens the economy In 2008, trillions of dollars in risky mortgage debt fed a worldwide recession. Now a different kind of ballooning debt could hurt the world economy.
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Virtu Signaling Pays Off in a Crisis

Wall Street Journal - 9 Mar 2020 18:30
Investors are hurting as stock prices plunge, but shares of financial middlemen are a rare bright spot.
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U.S. stocks dive as oil war and coronavirus fears slam markets A collapse in oil prices is the latest fallout from the coronavirus oubreak and adds to the gloomy financial and economic outlook.
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If the decline hits 20%, or 2,377.9, markets will close for the day
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Is Newmont-Goldcorp Set To Dominate The Gold Industry By 2025? Gold has been one of the best performing commodities in over a year, with the global gold price rising from close to $1,300 per ounce in the beginning of 2019 to about $1,630 per ounce in February 2020. The rise in price...
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Playing Matches Behind Closed Doors Could Cost Italian Soccer Clubs '$34 Million' Italian soccer was ordered to play behind closed doors due to concerns related to the SARS-CoV-2 outbreak. Here is how much will teams lose.
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Rising Oil Prices Made Putin's Russia. What Happens Now They Are Falling? Oil revenues have been the making of modern Russia. Now prices have fallen sharply. How will Russia cope?
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Streamer Quibi Faces Patent Infringement Claim Over Video Feature Short-form streaming-video service Quibi, which is preparing to launch next month, faces claims that one of its core tech features infringes on another company's intellectual property, according to documents describing t...
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Ross Stores To Open 100 Shops In 2020, Sees Potential For 3,000 Locations Ross Stores will open 100 locations in 2020, including the 19 Ross Dress for Less and seven dd's DISCOUNTS locations that have already opened this year. The expansion will include 75 Ross and 25 dd's shops in total, and ...
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U.S. Shale Drillers Could Be Casualties of Oil Price War

Wall Street Journal - 9 Mar 2020 19:12
U.S. shale drillers are poised to be among the biggest losers in the oil-price war stoked by Russia and Saudi Arabia that has sent global prices crashing.
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America's Hottest New Dating Sites: Business School Campuses

Wall Street Journal - 9 Mar 2020 18:18
America's Hottest New Dating Sites: Business School Campuses A growing proportion of women in M.B.A. programs has yielded greater gender parity in classes--and a lot more business-school weddings.
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The Workplace In The Time Of Coronavirus (Part I): Legal Guidelines For Navigating The Upheaval Each day, employers are facing new management challenges with the coronavirus. Here are main legal (and practical) guidelines.
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The network offering an array of vendor services to member banks named former trade group chiefs Camden Fine and Ed Yingling to its board and has hired former American Banker Editor-in-Chief Rob Blackwell as chief conten...
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How To Raise Entrepreneurial Women: Four Pillars For Success In the spirit and service of the mission of International Women's Day to "support women to earn and learn on their own terms and in their own way," here are four pillars that are as essential for healthy parenting as the...
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Shares of Boeing Co dropped 12% on Monday after the planemaker's proposal to leave wiring bundles in place on the grounded 737 MAX failed to get the backing of U.S. aviation regulators, potentially delaying the plane's r...
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Aon to Merge With Willis Towers Watson in Deal Valued at $30 Billion Insurance brokerage Aon has agreed to merge with rival Willis Towers Watson in an all-stock transaction with a value of roughly $30 billion, a year after discussions of a planned takeover fell through.
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Maurizio Sarri: 'Far More Than What I Wanted To See', Juventus Boss Hails His Players Following Inter Milan Victory Maurizio Sarri: 'Far More Than What I Wanted To See', Juventus Boss Hails His Players Following Inter Milan Victory.
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Twitter, Elliott Strike Truce That Leaves CEO Dorsey in Place

Wall Street Journal - 9 Mar 2020 15:01
Twitter, Elliott Strike Truce That Leaves CEO Dorsey in Place Twitter and activist hedge fund Elliott Management agreed to a truce that will shake up the social media company's board but leave its CEO Jack Dorsey in place.
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As tech offices close for coronavirus prevention, what happens to hourly staff? Tech giants are committing to pay the employees who make the office run, even when everyone is working from home. Millions of Americans have been advised to work from home as a precaution against COVID-19, and in Washing...
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Build "Hardiness" Into Your Organizational Culture

Harvard Business Review - 9 Mar 2020 14:15
Four lessons from the military on managing stress.
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U.K. stocks had their worst battering since the financial crisis on Monday, as oil prices crashed in response to the Saudi Arabia-Russia feud over production.
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Sen. Bernie Sanders (I-VT) cancelled a rally in Jackson, Mississippi scheduled for Friday, opting to try and shore up Michigan...
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