Business News
D&I TBD: Nina Kossoff on What LGBTQ People Want--And Don't Want--From Advertising
AdWeek - 13 May 2020 21:22
On Episode 3 of D&I TBD, Adweek is joined by strategist Nina Kossoff. Currently on furlough from Matter due to the Covid-19 pandemic, Kossoff has sat on brand planning and strategy teams at Imprint Projects, McCann, Ogil...
Coronavirus: Marks & Spencer cafes to reopen as lockdown eases
BBC - 13 May 2020 15:43
The chain is the latest to reopen branches for takeaway with 49 set to operate from Thursday.
Atul Gawande will switch roles at health care joint venture Haven
New York Post - 13 May 2020 20:48
Harvard surgeon and author Atul Gawande will step down as chief executive officer to take on the role of chairman at Haven, the healthcare joint venture of Amazon, Berkshire Hathaway and JPMorgan Chase. Boston-based Have...
Warren Buffett is wrong about airlines' prospects after coronavirus, Raytheon CEO says
Business Insider - 13 May 2020 15:59
Getty Images / Bill Pugliano Warren Buffett is too negative about the prospects for air travel after the coronavirus outbreak, Raytheon Technologies CEO Gregory Hayes said at a conference on Tuesday. "Unlike Mr. Buffett,...
Banks tore up digital scripts once pandemic hit
American Banker - 13 May 2020 03:30
U.S. Bancorp, Wells Fargo, WSFS and others were already deeply engaged in digital transformations before the coronavirus crisis led them to pivot -- quickly.
JPMorgan to offer banking to crypto exchanges; news services sue SBA
American Banker - 13 May 2020 14:10
The move is the first time the bank has provided services to digital currency players; the Washington Post and four other heavy hitters want details on PPP and small business disaster loan programs.
Proration Is Not Effective Market Management For The Oil Industry
Forbes - 13 May 2020 05:06Sony warns profit may drop 30 percent or more this year as demand slows
New York Post - 13 May 2020 17:37
Sony said Wednesday that operating profit could fall 30 percent or more in the current fiscal year as the coronavirus hits the box office, as well as consumer demand for smartphones, video-game consoles and other electro...
Only Fourteen Dow Components With Recent Insider Buying, XOM Is One Of Them
Forbes - 13 May 2020 17:03The coronavirus model used by the White House now estimates 147,000 deaths by August -- almost double the estimate predicted 15 days ago
Business Insider - 13 May 2020 06:46
Rick Wilking/Reuters The leading US model on the impact of the coronavirus now estimates 147,000 deaths by August. On April 27, the model estimated only 74,000 deaths. As states reopen, and social distancing is reduced o...
Estée Lauder Says Travelers Are Eager To Shop Duty Free During Pandemic
Forbes - 13 May 2020 06:43Stocks fall on renewed virus fears, Powell speech in focus
Reuters - 13 May 2020 05:21
Stocks and oil prices fell on Wednesday as fears about a second wave of coronavirus infections gripped financial markets.
Government launches plan to kick-start U.K. housing industry
Market Watch - 13 May 2020 22:25
Buyers and renters in England will be able to move house from Wednesday as part of U.K. government efforts to restart the frozen housing market.
Waiting for coronavirus stimulus check? Direct deposit information is due Wednesday
L.A. Times - 13 May 2020 16:24Powell Says Washington Will Need to Spend More to Battle Downturn
Wall Street Journal - 13 May 2020 15:58Germany To Start Loosening Border Controls
TPM - 13 May 2020 15:28
BERLIN -- Germany plans to start loosening its border controls this weekend after two months of restrictions. Interior Minister Horst...
Coronavirus: Troubled Travelex seeks bids this week
Sky News - 13 May 2020 13:21
The troubled foreign exchange provider Travelex is seeking takeover offers this week as it wrestles with the impact of an apparent fraud at its owner and a steep downturn in revenues exacerbated by the COVID-19 pandemic.
Sensor Tower: Gardenscapes publisher Playrix blooms past 1.1 billion downloads
Venture Beat - 13 May 2020 00:41
Mobile games publisher Playrix's catalog has earned over 1 billion downloads, according to market research Sensor Tower.
Spreading Joy For 20 Years -- Australian Fashion Label Shona Joy Marks Anniversary
Forbes - 13 May 2020 23:37How to make Gboard your default keyboard on an iPhone
Business Insider - 13 May 2020 22:44
Bence Boros / Unsplash You can make Gboard your default virtual keyboard on an iPhone or Android through your phone's Keyboard preferences in your General Settings menu. Android users may find that Gboard is already thei...
Bud Light Reimagines Iconic Campaign in 'Stay at Home Humans of Genius' Ads
AdWeek - 13 May 2020 21:17
Bud Light just brought back its classic tribute to under-appreciated geniuses--but this time with a new shelter-in-place twist. In four new spots, the Anheuser-Busch brand salutes "Stay at Home Humans of Genius," who mak...
While the Number of Distressed Retailers Grows, Only a Handful Are at Risk of Near-Term Default
AdWeek - 13 May 2020 18:20
While the major credit rating agencies have expanded their watch lists of retailers with a high probability of default, there are only a few companies in immediate danger following the bankruptcies of Neiman Marcus and J...