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Business News

Location American Business News for 12 June 2020

The Best Managers Balance Analytical and Emotional Intelligence

Harvard Business Review - 12 Jun 2020 14:35
Research on how to cultivate both.
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Denny's Scrambles to Adjust to a New Restaurant Age

Wall Street Journal - 12 Jun 2020 15:56
Denny's Scrambles to Adjust to a New Restaurant Age The pandemic has hit full-service chains particularly hard. Denny's chief brand officer talks about how the company has had to rethink its business.
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Wild stock swings have lured investors big and small into the risky world of volatility trading. They're wagering hundreds of billions of dollars on the strategy, which has grown so big that trading on expected market mo...
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Stagnant Waters Will Be Nestlé's Toughest Sell Yet

Wall Street Journal - 12 Jun 2020 12:30
Stagnant Waters Will Be Nestlé's Toughest Sell Yet A possible sale of U.S. bottled water brands makes sense for Nestlé, but finding a buyer at an acceptable price will be a challenge, though.
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Police retract claims that Seattle's 'Capitol Hill Autonomous Zone' protesters tried to extort local businesses David Ryder/Getty Images Seattle police retracted claims that protesters at the "Capitol Hill Autonomous Zone" have been extorting local businesses, The Seattle Times reported. A police spokesperson said Wednesday that t...
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Data mining firm Palantir Technologies Inc is aiming to file confidentially with U.S. regulators to go public in the coming weeks, emboldened by the strong performance of other initial public offerings (IPOs), people fam...
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I don't know if Microsoft has it in them to create a presentation as compelling as what Sony just showed the world with its PS5 reveal.
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AI Emerges As A Major Player In The Race To Find Covid-19 Therapies And Vaccines In this piece, I discuss how Covid-19 research has quickly created unprecedented amounts of publicly available research data and why privacy is top of mind. This piece also looks at the impact AI has during this time.
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Playing the Market Has a Whole New Meaning

Wall Street Journal - 12 Jun 2020 17:00
Swarms of willfully ignorant investors are day-trading their way through the pandemic.
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How Holding Company CEOs Are Addressing Systemic Racism Internally As protesters across the country continue to march against racism and police brutality, many hope that advertising agencies will have their moment of reckoning by finally addressing racist systems and power structures--a...
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It's too early to say whether Google's cloud solution or Microsoft's edge solution is the superior approach to noise cancellation.
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Judge to Rule on Hertz's Controversial Stock Sale in Bankruptcy

Wall Street Journal - 12 Jun 2020 18:52
Judge to Rule on Hertz's Controversial Stock Sale in Bankruptcy Hertz hopes to raise up to $1 billion in new equity from a counterintuitive stock rally while under severe financial strain, a seemingly unprecedented move from a large bankrupt company eager to capitalize on market anom...
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How Precision Extraction Solutions Is Alleviating Key Cannabis Manufacturing Pain Points The legal cannabis industry is nearly unrecognizable compared to where it started out almost a decade ago. The market is beginning to resemble mainstream industries that are flooded with specific products and technologie...
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Fixing a Dollar Funding Crisis for Free

Wall Street Journal - 12 Jun 2020 12:01
The Fed's emergency dollar swaps have done their job to prevent a market plunge from turning into a full-blown funding crisis at foreign banks.
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Audrey Gelman, Co-Founder and C.E.O. of the Wing, Steps Down

The New York Times - 12 Jun 2020 05:36
Audrey Gelman, Co-Founder and C.E.O. of the Wing, Steps Down Her departure came just before a digital walkout by staff members at the chain of women's networking spaces.
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Grubhub acquisition sets up delivery duel with Uber

New York Post - 12 Jun 2020 04:18
Grubhub acquisition sets up delivery duel with Uber The cut-throat food-delivery business is turning into a gladiator fight. Wall Street cheered the acquisition of Grubhub by Dutch-based delivery giant Just Eat Takeaway.com on Thursday, sending Grubhub's shares up by 4.7 ...
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The Girl Boss reckoning continues, as Reformation’s CEO steps down Audrey Gelman of The Wing. Christine Barberich of Refinery29. And now, Yael Aflalo of Reformation. It’s been a week of high profile departures for top female startup founders. In each case, the companies have posted me...
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Not Every Tenant Needs Rent Relief

Forbes - 12 Jun 2020 15:13
Not Every Tenant Needs Rent Relief Before a landlord provides a free loan to its tenant, the landlord ought to ask some questions.
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The Long Arm of State Tax Law Threatens Telecommuters

Wall Street Journal - 12 Jun 2020 11:30
If your job is based in New York, you may be on the hook for taxes there--even if the pandemic has you seeking refuge across state lines. The same is true in five other states.
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Over the last 3 months, 44 million US workers filed for unemployment while billionaires got $637 billion richer Budrul Chukrut/SOPA Images/LightRocket via Getty Images US billionaire wealth grew more than $637 billion between March 18 and June 11, according to a new report published Friday by the Institute for Policy Studies think...
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Advertising’s most prominent Black executive says empty gestures aren’t going to cut it Steve Stoute, founder and CEO of Translation, doesn’t mince words on the tough steps that his industry needs to take to make the right kind of progress. This week Translation founder and CEO Steve Stoute wrote an open ...
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Apollo Sues Serta Simmons and Owner Advent Over Debt Dispute

Wall Street Journal - 12 Jun 2020 00:03
Apollo Global Management is suing private-equity firm Advent International in a dispute over how to financially restructure Serta Simmons Bedding LLC, the country's largest mattress maker, which Advent owns.
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