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Business News

Location American Business News for 28 July 2020
Citi Premier card review: One of the best sign-up bonuses around, plus lots of options for earning and redeeming points Citi Premier Card; Alyssa Powell/Business Insider There are dozens of travel credit cards on the market today, but many consumers prefer cards with so-called flexible rewards programs. With flexible, or transferable, poi...
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Salesfloor Awards Program Spotlights Frontline Workers

Retail Touch Points - 28 Jul 2020 17:46
Salesfloor Awards Program Spotlights Frontline Workers The coronavirus pandemic has served to remind everyone of how vital frontline workers are, particularly in retail. With its inaugural Associates of the Year Awards, Salesfloor hopes to keep the spotlight shining on retai...
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General Motors Is Making A Turn For The Better This major automobile manufacturer has experienced disruptions but investors who look past this short-term decline can find great value.
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Can't Get Away? Ikea is Selling 'Vacations in a Box' to Transport You in Spirit It's only July, but with its multitude of challenges, including a global pandemic, 2020 already feels like as though it's been dragging on for at least a decade. That's likely left many people gasping for a vacation. But...
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The oldest gun maker in the US, Remington, filed for bankruptcy again even as gun sales surge Brian Blanco/Getty Images Remington, the storied US gun-maker, filed for Chapter 11 bankruptcy protection on Monday. It's the company's second filing since 2018, when surging sales following the Parkland shooting helped ...
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Westlake Hospital owners to pay Melrose Park $1.5 million to settle dispute over controversial closure After more than a year of battling in court, the owners of now-shuttered Westlake Hospital have agreed to pay Melrose Park $1.5 million under a settlement approved by the village board Monday.
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Walmart Customers Wearing Nazi Face Masks? America's Next Fight Over Face Coverings A viral video of customers shopping at Walmart while wearing face masks with Nazi swastikas sparked outrage this weekend. Just as troubling, however, is what the incident may foreshadow about America's next battle over f...
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Republicans Finally Announce Stimulus Proposal: $1,200 Checks, Unemployment Cuts And Everything Else That Will Hit Your Wallet As benefits expire, rent comes due, the school year looms and states struggle, Washington's warring factions are racing to rescue the economy and their political fortunes.
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Consumer lender Oportun hits pause on debt collections

American Banker - 29 Jul 2020 00:05
Many of its borrowers have struggled to make payments since the pandemic struck, so it is helping them by suspending debt collections and capping rates on new loans at 36%.
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What The New Stimulus Package Means For Your Student Loans Is there student loan forgiveness?
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Kodak Lands $765 Million U.S. Loan in Start of Medical Supply Chain Fix Eastman Kodak has won a government loan under the Defense Production Act to help expedite domestic production of drugs that can treat a variety of medical conditions and loosen the U.S. reliance on foreign sources.
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The private equity firm that backed out of a deal to buy Victoria's Secret in the midst of the coronavirus pandemic appears poised to win an auction to buy JCPenney out of bankruptcy, The Post has learned.
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The Silicon Valley car maker is looking for investors in an eight-tranche bond deal of its electric vehicle leases, its first such debt offering of the year.
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Publishers Are Aligning to Move Ad Dollars Away From Walled Gardens Given all of the coverage related to the Covid-19 pandemic, the Black Lives Matter movement and other diversity and inclusion initiatives, massive, record-setting highs in page traffic have been seen across all major onl...
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Wheaton 5-bedroom mansion with indoor pool lists for $1.95 million The expansive mansion features an indoor pool, hot tub, outdoor basketball court, movie theater and a five-car garage.
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Intel Chief Engineer Departs After Product Delay

Wall Street Journal - 28 Jul 2020 02:48
Intel Chief Engineer Departs After Product Delay Venkata "Murthy" Renduchintala is leaving the company days after the semiconductor maker surprised investors by disclosing delays on its newest processor design.
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Volkswagen has paid out more than $9.5 billion to customers in the aftermath of the "Dieselgate" scandal, according to a court summary published by the US Federal Trade Commission. In 2016, the FTC charged Volkswagen wit...
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Walmart Sees Ecommerce Grow 74% During Pandemic For Walmart, the world's largest omnichannel retailer, it has been a dramatic past few months as the chain continues to invest in its digital operations to meet the demands of modern shoppers. As part of its evolution du...
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The 2020 Emmy Nominations Are Out And 'Watchmen' Leads With 26 Netflix had the most nominations of any platform--160--setting a new record.
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These Nuts Are Priced for Elite Status

Wall Street Journal - 28 Jul 2020 21:25
A company that provided nuts to first-class American Airlines passengers is stuck with loads of them, which they will gladly sell to you.
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Thatgamecompany, the developer of Journey and Sky: Children of the Light, said it raised $1.02 million for pandemic relief via a donation to two nonprofits.
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Israel-based digital forensics firm Cellebrite announced the launch of its cryptocurrency and blockchain tracing tool on Tuesday.
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