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Business News

Location American Business News for 26 August 2020
World of Tanks Blitz has been around for eight years, and it is finally making its way to the consoles on the Nintendo Switch.
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Small Biotech Stock CytoDyn Soars on 'Warp Speed' Comment

Wall Street Journal - 26 Aug 2020 17:45
CytoDyn Inc. shares climbed after a former adviser said he thought the company would move forward with the federal Operation Warp Speed program, but the company isn't currently being considered for the program
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The CEO of secretive data analysis startup Palantir made over $12 million last year, and will get $800,000 in travel stipends in 2020 The cofounder and CEO of Palantir incurred a lot of travel expenses, not all of it for company business.
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Pasadena's most expensive home just hit the market -- here's a look at the palatial estate The 16-bedroom Richard Landry-designed megamansion comes with an Olympic-sized pool, elephant-shaped topiaries, and 8-car subterranean garage.
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Loop Media Teams Up With TiVo For Music Videos Loop Media is partnering with TiVoTIVO. Loop Media is a streaming company that focuses on short-form video.
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President Donald Trump's speech is slated to serve as the grand finale for a four-day, mostly virtual convention.
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Coalition parties in Germany agreed late on Tuesday to an extension of the country's coronavirus economic relief measures, which could cost up to €10 billion ($11.8 billion).
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How Sony Music Uses Data To Connect Artists With Fans Digital streaming gives record labels a new look at how listeners interact with music. Here, five industry-shaping innovations built on those insights, from audience discovery to real-time royalties.
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Vanguard Scales Back in Asia

Wall Street Journal - 26 Aug 2020 14:15
The indexing giant plans to close its operations in Hong Kong and Japan, as it focuses on individual investors and mainland China.
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Salesforce soars on big earnings beat

CNBC - 26 Aug 2020 05:19
An adjustment to reflect a gain on investments helped Salesforce beat expectations, a day after the announcement that Salesforce would join the Dow Jones Industrial Average.
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McDonald's investigates HR department as probe into ousted CEO Steve Easterbrook's conduct widens McDonald's said Tuesday that it is not only investigating ousted CEO Steve Easterbrook's sexual relationships with subordinates but also allegations against its human resources department and claims that Easterbrook cove...
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Neiman Marcus executives face retirement savings slash during bankruptcy Hundreds of Neiman Marcus executives just learned they could lose a chunk of their retirement savings in the swanky retailer's bankruptcy -- and some are pointing a finger at their well-compensated boss. As part of an ag...
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Former Trump adviser and Goldman Sachs COO Gary Cohn is the latest prominent figure to join Wall Street's 'blank-check' IPO mania Cohn Robbins Holding Corp, the name of Cohn's SPAC is looking to sell 60 million units in an IPO at a price of $10 per unit.
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Virus resurgence in the fall could prompt double-dip recession, Kansas City Fed president says "It's too soon to speculate" on what other Fed aid is needed, the central bank chief added, as monetary policy is already "very accommodative."
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Davos Postponed Until Summer 2021

Forbes - 26 Aug 2020 16:23
Davos Postponed Until Summer 2021 Even the most powerful people in the world have to cancel meetings because of Covid-19.
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HBO's Lovecraft Country Influencer Kits Support Black-Owned Businesses Lovecraft Country, HBO's new supernatural drama series set in 1950s Jim Crow America, tackles the horrors of racism and monsters straight from author H.P. Lovecraft's stories. To build buzz for the series from showrunner...
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Sources Say World's Largest Darknet Empire Market Exit Scammed, $30 Million in Bitcoin Stolen One of the world’s largest darknet markets (DNM), Empire Market, allegedly exit scammed after the marketplace was taken offline for a number of days this week. DNM patrons are upset about Empire Market’s departure an...
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Durable-Goods Orders Rose 11.2% in July

Wall Street Journal - 26 Aug 2020 16:03
Durable-Goods Orders Rose 11.2% in July Orders for long-lasting factory goods rose for a third straight month in July as manufacturers boosted output and the economy continued its climb back from disruptions related to the coronavirus pandemic.
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Executive Coaches, Your Job Is to Deliver Business Results

Harvard Business Review - 26 Aug 2020 14:15
Start with the metrics your client will be measured by.
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Donald Trump is losing his tech war with China

Business Insider - 26 Aug 2020 21:08
Donald Trump is losing his tech war with China The US is falling behind China in economic power and technology -- a trend that has been a long time coming, writes author and journalist Dilip Hiro.
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Dan Bunting, studio co-head of Treyarch and Dan Kondrak, creative director at Raven Software, answer questions about Call of Duty: Black Ops Cold War.
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Call of Duty: Black Ops Cold War will launch on November 13 with cross-platform and cross-generation gameplay between current and next-gen machines.
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