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Business News

Location American Business News for 7 August 2020
Final Stimulus Package Could Look Like These 3 Options What's inside the next stimulus?
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Turkish Soap 'Amor Eterno' And Revised Content Strategy Lifts Univision To Ratings Win Over Telemundo Univision soared during July sweeps, but it had been gaining ground for months over its Spanish-language rival.
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Drugmaker AbbVie will pay $24 million to settle fraud lawsuit over Humira marketing Pharmaceutical giant AbbVie, based in Chicago's northern suburbs, has agreed to a $24 million settlement that will require it to change its marketing practices for its immunology drug Humira.
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To one man, money was a plaything. To another, it was a possibility. Guess which one came out ahead in the end?
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UPS Plans Hefty Holiday Fees for Large Shippers

Wall Street Journal - 7 Aug 2020 17:51
UPS Plans Hefty Holiday Fees for Large Shippers United Parcel Service plans to impose hefty fees on large shippers during the holiday season, reflecting the added complexity and cost of an expected crush of online orders amid the coronavirus pandemic.
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Dow Falls 100 Points Despite U.S. Economy Adding Nearly 1.8 Millions Jobs In July Investors are keeping an eye on ongoing stimulus talks.
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Time for a College 'Gap Year'? Here's What to Consider

Wall Street Journal - 7 Aug 2020 16:03
Students with loans may have to start making payments while on hiatus. But there are ways to avoid that.
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Gold slumps when its inflation-adjusted price is as high as it is now, writes Mark Hulbert.
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Can Entrepreneurship Be Taught in a Classroom?

Harvard Business Review - 7 Aug 2020 16:15
Some business schools are reinventing entrepreneurship education to meet the demands of tomorrow.
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Jury trial date set for case alleging former Outcome Health executives ran $1 billion fraud scheme A date has been set for a jury trial in a federal court case alleging former Outcome Health executives ran a $1 billion fraud scheme at the Chicago-based company.
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So, What Does Kodak Do These Days? A Decade of Pivots Before a Huge Federal Loan Eastman Kodak Co., long a household name in photography, has spent recent years trying to maneuver out of bankruptcy and into new business areas. Its latest pivot brings it squarely into the fight against the coronavirus...
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Pharma Giant Pfizer Teams With Gilead To Boost Production Of Covid-19 Drug Remdesivir The buddy system will help the pharmaceutical companies quickly ramp up production, even as the coronavirus continues to spread.
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How a Tenuous Saudi-Russia Oil Alliance Could Melt Down

Wall Street Journal - 7 Aug 2020 13:30
Rebounding oil prices have the potential to show the cracks that already exist in the delicate cooperation between the powerful oil-producing nations
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Intercontinental Exchange To Buy Ellie Mae, Making A Big Bet On Its Digital Mortgage Business The deal values the company at $11 billion.
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Cypress Trust Co. has requested deposit insurance from the Federal Deposit Insurance Corp.
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American employers added 1.8 million jobs last month, down from 4.8 million in June.
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TikTok Threatens to Sue Trump Administration Over Executive Order TikTok, the popular social video app, fought back this morning, threatening to take President Donald Trump's administration to court after a weeks-long public battle that culminated last night. In the late hours of Thurs...
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Tencent tumbles 10% following Trump's executive order targeting TikTok and WeChat Reuters Tencent stock tanked as much as 10% on Friday following President Trump's executive order targeting its WeChat app. The order arrived in tandem with a similar order against ByteDance's TikTok app. Both Chinese co...
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Fauci Won't Endorse Mail-In Voting: That's 'Going To Be Used As A Soundbite' He said Americans can go to voting booths if they're careful.
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Manhattan's West Side is becoming a destination for Big Tech. Facebook recently inked a deal to lease 730,000 square feet of office space in the Farley Building in midtown Manhattan. Bill Rudin, CEO and co-chairman of Ru...
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US stocks decline as Trump order targeting Chinese apps overshadows optimistic jobs report Getty Images / Xinhua News Agency US equities dipped on Friday as escalating US-China tensions blotted out rosy labor-market data. President Donald Trump issued executive orders Thursday afternoon targeting TikTok-owner ...
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Most Americans Still Aren't Wearing Face Masks Outdoors, Poll Finds Only 47% of Americans wear masks outdoors even when social distancing isn't possible.
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