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Business News

Location American Business News for 13 August 2020
LIC Tech Term is an online term policy whereas, LIC Jeevan Amar can only be bought offline.
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Have More Fun in Bed: What Kind of Mattress is Best For Quarantine Life? From a three-figure Casper with "cozy performance" to a $400,000 Hästens Grand Vividus, people seem to be investing in bedtime.
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Family Is The Secret Weapon Behind Ruff Ryders Entertainment's Multi-Million Dollar Empire The sibling trio that founded Ruff Ryders Entertainment in 1988 is releasing a five-part documentary on BET.
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There are 13,000 empty apartments in NYC

CNBC - 13 Aug 2020 20:43
CNBC's Robert Frank reports NYC's renters are fleeing the city and that there are about 13,000 empty apartments there.
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Trump's Payroll-Tax Deferral Plans Spur Confusion

Wall Street Journal - 13 Aug 2020 15:52
Trump's Payroll-Tax Deferral Plans Spur Confusion President Trump's gambit to defer Social Security payroll taxes for the rest of the year and pressure Congress into forgiving them is turning into a logistical challenge, with its rollout complicated by his own unclear s...
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Ominous Warning In Spirit Case: Age Discrim. In Hiring May Be Legal Federal judge dismissed a claim of systemic age discrimination in hiring lodged against Spirit Aerosystems, Inc. because laid off aerospace engineers are not protected under the Age Discrimination in Employment Act of 19...
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Outside studies have found that drivers for the ride-hailing service can expect to make less than $20,000 a year.
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What Wolves Can Teach Us About Covid and the Economy

Wall Street Journal - 13 Aug 2020 13:00
A predator-prey model can help explain the rise, fall and fresh rise of U.S. Covid cases and why a more forceful response could pay off.
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United Joins Airline Flock To Florida Despite State's High Coronavirus Case Numbers While people want to go to Florida, the state has lagged in addressing the health crisis. Florida ranks third in per capita coronavirus cases and also third in new cases in the past seven days, according to the CDC.
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Ban Could Cut TikTok Off From App Stores And Ads Donald Trump is coming after the social media giant, TikTok. Reuters has seen a White House document that says that Trump's executive ban could prevent U.S. app stores from listing the social media platform and make adve...
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Google's '20% rule' encourages its employees to be more creative -- here's how other employers can do the same 10'000 Hours/Getty Images Matt Cooper is the CEO of Skillshare, an online learning platform that offers courses in everything from animation to marketing. Cooper says that as companies forge ahead during the COVID-19 pan...
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Federal Judge Declines To Block DeVos' Controversial Campus Sexual Assault Guidelines The new due process guidelines go into effect Friday.
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Carl Icahn has officially ditched NYC for Florida

New York Post - 13 Aug 2020 01:52
Carl Icahn has officially ditched NYC for Florida Carl Icahn has officially moved left New York City for Sunny Isles Beach in Florida. The billionaire activist investor has entered into a lease for a 23,463-square-foot office in the new Milton Tower, becoming its first ...
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This Investment Burned Almost Everyone

Wall Street Journal - 13 Aug 2020 18:24
An exchange traded note, DGAZF, rose 6,000% as traders who thought they were taking advantage of suckers got suckered themselves.
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Joe Biden raised $26 million in the 24 hours after he named Kamala Harris as his running mate, doubling his previous one-day record and signaling enthusiasm among Democrats following the selection of the first Black woma...
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Cisco's Bellwether Status Is Fading

Wall Street Journal - 13 Aug 2020 22:46
Network giant's selloff doesn't faze cloud and software stocks, where corporate spending is expected to be more resilient.
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An international team of researchers has revealed intriguing ideas about how the next generation of spreadsheets will work in virtual reality.
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Fraud charges, lost patents: How an L.A. auto legend's China venture crashed Supercar designer Steve Saleen says Chinese shareholders seized his company and stole trade secrets. Chinese media portray the venture as a bust.
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Weekly Unemployment Claims Drop Below 1 Million

Wall Street Journal - 13 Aug 2020 14:48
Weekly Unemployment Claims Drop Below 1 Million U.S. unemployment claims fell to less than 1 million last week for the first time since the coronavirus pandemic hit the U.S. in March.
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J.C. Penney Landlords Nearing Deal to Buy Bankrupt Retailer

Wall Street Journal - 13 Aug 2020 00:55
J.C. Penney Landlords Nearing Deal to Buy Bankrupt Retailer Two of J.C. Penney's largest landlords have emerged as the leading contenders to acquire the department-store chain's retail business out of bankruptcy, according to people familiar with the matter.
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Arturo Vidal Speaks On Barcelona-Bayern Munich, Champions League Format And Rival Team Trash Talk Arturo Vidal has spoken to the press ahead of FC Barcelona's Champions League quarterfinal clash with his former club Bayern Munich.
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Why The Next Stimulus Package May Be Delayed Until September Will the stimulus package be delayed?
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