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Business News

Location American Business News for 5 May 2020
Wendy's Sends Fans on an Internet Scavenger Hunt Wendy's is giving away $5,000 in gift codes through Friday (April 8), but there's a catch: Fans have to search the internet for them. The fast-food chain will share hints via its Twitter account every day, with the clues...
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China Friendship Costs Andrew Forrest $900 Million In A Week Being a friend of China during a pandemic is proving to be a costly experience for one of Australia's richest people.
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Pandora's New Campaign Responds to a Surge in Smart Home Device Listening Many people are turning to smart home devices for the first time as the coronavirus pandemic forces them inside, according to a new set of listening trends from Pandora. The Sirius XM-owned digital audio company tracked ...
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Why the Crisis Is Putting Companies at Risk of Losing Female Talent

Harvard Business Review - 5 May 2020 14:45
And what leaders can do to prevent it.
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United Airlines Holdings Inc. expects to shrink its management and administrative ranks by at least 30% starting in October, according to a memo sent to employees Monday, as the coronavirus pandemic wreaks havoc on the a...
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Soda Brands Are Moving Into the Niche Energy Drink Category High-octane sports typically go hand in hand with caffeinated dudes downing energy drinks to enhance their performance. Case in point: Category leaders Red Bull and Monster Energy posted videos on their respective social...
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Carnival Plans August Return--4 Days After Congress Initiated Investigations Into the Company Carnival, the world's largest cruise line, announced that it would begin to "phase in" its service in North America beginning in August, only a week after the Center for Disease Control's (CDC) no sail order lifts for th...
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How To Save Your Business Through Downturn Management-Plus PPP, EIDL, And Main Street Lending: What's The Latest? How to save your business through the art and science of downturn management. Plus the latest on the PPP, EIDL, and Main Street Lending Programs.
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California Sues Uber, Lyft Over Driver Classifications

Wall Street Journal - 5 May 2020 20:41
California Sues Uber, Lyft Over Driver Classifications California sued the companies for allegedly misclassifying their drivers as independent contractors instead of employees, a move that intensifies a battle between the ride-hailing giants and their home state.
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Uber Eats Plans To End Operations In Eight Markets Uber Eats announced it plans to end operations in eight markets by June 4. The information comes from a regulatory filing that indicates the markets represent 1% of Eats Gross Bookings.
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"No single factor has caused more harm to our business than the current COVID-19 global pandemic," the company announced.
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WeWork's co-founder and former chief executive Adam Neumann sued SoftBank Group Corp., accusing the Japanese technology group of breaking a key provision of a deal that gave SoftBank control of the shared-office-space co...
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Impossible Foods, which has expanded rapidly to more than 1,000 retail outlets in the past three months, on Tuesday said its flagship Impossible Burger product will be available at 1,700 Kroger Co. stores.
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Chris Christie Joins 6 Politicians Who Say America Should Go Back To Work As Coronavirus Deaths Mount Officials across the U.S. are advocating for economic activity to resume despite the continued spread of COVID-19.
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US trade gap surges to $44.4 billion as coronavirus savages business The US trade deficit rose in March as the coronavirus outbreak battered America's trade with the world. The Commerce Department reported Tuesday that the gap between what the US sells and what it buys abroad widened 11.6...
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3 Things To Watch When The Jet Fuel Runs Out Main Street needs customers. The Fed, for as much as it is trying to flood the markets with money, can't create them.
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Startup GigaSpaces announced that it raised $12 million to further develop its in-memory computing platform for big data analytics workloads.
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Ex-Dividend Reminder: Lamb Weston Holdings, Starbucks And Walmart On 5/7/20, Lamb Weston Holdings, Starbucks and Walmart will all trade ex-dividend for their respective upcoming dividends.
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What Is A Business' Responsibility In A Pandemic? Even with the best of intentions and the subsequent results that may ultimately help consumers in what your company is able to provide, it's the pursuit of a goal predetermined by an individual or small group at the outs...
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Industrial materials maker DuPont on Tuesday slashed its capital expenditure by about $500 million and raised its annual cost-savings target to counter global trade uncertainties brought on by the coronavirus outbreak.
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This is the first earnings report with Bob Chapek at the helm of Disney, after former CEO Bob Iger transitioned to executive chairman.
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Shares of Pinterest fell as much as 9% in after-hours trading on Tuesday after the company reported its first quarter results.
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