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Business News

Location American Business News for 24 June 2020
Cards Against Humanity co-founder Max Temkin steps down amid accusations of racist, sexist Chicago office Max Temkin, co-founder of Cards Against Humanity, has stepped down from an active role with the company amid accusations of a racist and sexist culture in the Chicago office.
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42nd Street McDonald's in Times Square is shuttering for good McDonald's is closing its four-story former flagship on West 42nd Street in Times Square, The Post has learned. Opened 17 years ago, the eatery -- whose entryway is lit with 7,000 marquee light bulbs like a Broadway thea...
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CrossFit founder Greg Glassman selling company amid harassment allegations Embattled CrossFit founder Greg Glassman is selling the beloved fitness chain following a firestorm over his insensitive comments about race and allegations of rampant sexual harassment. Eric Roza, a tech executive and o...
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The US's latest move to oust Assad from Syria may only help him dig in further REUTERS/Khalil Ashawi The US has leveled a new round of sanctions against Syrian President Bashar Assad, which the US says will finally undercut the dictator and his foreign backers. But extensive research shows the effe...
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Blackstone Group is throwing out a key section of its recruiting playbook in a bid to improve its hiring process and increase diversity.
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Knicks Name 'World Wide Wes' Executive VP, Expected To Help With Free Agents And Scouting The Knicks on Tuesday named William "World Wide Wes" Wesley is not expected to join the Knicks front office in a formal capacity, he is still expected to be "intimately involved" with the team under new president Leon Ro...
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Total mortgage application volume fell 8.7% last week from the previous week, according to the Mortgage Bankers Association.
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A global health crisis. Economic free fall. A reckoning over racism and inequality. We will not be the same after this -- and neither will banking.
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Major pilots union asks US to purchase empty seats on planes A major US pilots union said on Wednesday it has begun discussing with key lawmakers a plan for the government to purchase seats on each flight to prevent passengers from having to sit next to strangers. The idea, launch...
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Cadre is a technology platform for commercial real estate investing. Ryan Williams, co-founder and CEO of Cadre, joins "Squawk Box" to discuss how the sector is faring during the pandemic.
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Indian Billionaire Claims His New Herbal Concoction Is A '100% Cure' For Covid-19 Patanjali Ayurved, an Indian maker of herbal products, made the sensational claim Tuesday that it had developed a medicine that can cure the coronavirus. But the company's just-launched Corona Kit has already come under ...
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Bayer To Pay Up To $10.9 Billion To Settle Cancer Claims Over Roundup "It's rare that we see a consensual settlement with that many zeros on it."
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To Highlight Its Safety Measures, Burger King France Created a Clever Airline Video Parody Burger King France been transformed into an airline called "Burger Klean" in the brand's latest funny spot by agency Buzzman. The ad parodies the safety announcements that have long greeted travelers on airplanes, remind...
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The Urgency of Returning to Full Employment

Wall Street Journal - 24 Jun 2020 16:19
The Urgency of Returning to Full Employment Recessions have contributed to long-run rise in inequality; undoing this one's effects will be hard.
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The Infrastructure Stimulus - What Is Wrong With Private Investment? "He Who Stops Being Better Stops Being Good," Oliver Cromwell Infrastructure projects - airports, water, transit, waterways, highways, tunnels - are endlessly fascinating.
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NPR, APM and Vibenomics Make a Play for Audio at NewFronts At the 2020 Digital Content NewFronts today, three companies presented about the future of audio--a visual sales pitch for an aural medium. National Public Radio and American Public Media's Marketplace each put their rad...
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Apple to Close Houston-Area Stores

Wall Street Journal - 24 Jun 2020 22:07
Apple to Close Houston-Area Stores The tech giant is temporarily closing seven stores around the Texas city amid concerns about rising coronavirus infections. Apple closed nearly a dozen locations across four states for similar reasons last week.
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Marcus Lemonis, star of 'The Profit,' takes significant loss on Lake Forest mansion, selling for $3.65M The CEO of Camping World sold the Georgian-style mansion and an adjoining 1-acre lot for almost $2 million less than he paid in 2013.
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Busch and Billy Ray Cyrus Want Fans' Takes on 'Head for the Mountains' Busch wants fans to share their takes on its iconic 1980s jingle, "Head for the Mountains," and country music artist Billy Ray Cyrus is lending a hand. Fans can record their own renditions of the jingle and post their vi...
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What BBVA aims for with new mobile app

American Banker - 24 Jun 2020 18:13
The company's U.S. chief executive says the primary goal behind the app it rolled out Wednesday is to help customers improve their financial health and avoid overdrafts.
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IOC said the demand recovery has been faster than anticipated, and its capacity utilization, which had shrunk to around 35% at the beginning of the coronavirus lockdown is expected to run at full capacity by June end
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Overcoming Public Speaking Fear During Pandemic And New Normal Overcoming the challenge of public speaking first involves managing the stress that comes with it.
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