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Business News

Location American Business News for 8 October 2020
'Millennial burnout' thought leader Anne Helen Petersen on how parenting and social media are driving her generation to exhaustion Anne Helen Petersen, author of "Can't Even," says millennial burnout stretches beyond the workplace, and the pandemic has exacerbated this exhaustion.
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India's premium Cotton would be known as 'Kasturi Cotton' in the world cotton Trade
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Thomas Hayes of Great Hill Capital was asked this week whether he's been putting his clients' money to work even all the volatility and uncertainty that pandemic has created in the stock market. His answer: Yes. "Aggress...
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Samsung Forecasts Highest Operating Profits in Two Years

Wall Street Journal - 8 Oct 2020 02:41
Samsung Forecasts Highest Operating Profits in Two Years Samsung Electronics said it expects around 12.3 trillion won ($10.6 billion) in operating profits for the third quarter, rising on the same period a year earlier and driven by stronger smartphone and consumer electronics...
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Standard, a startup developing cashierless technology, has retrofitted a convenience store at the University of Houston ahead of further expansion.
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While Millions Lost Jobs, Some Executives Made Millions in Company Stock Some corporate bosses who received stock awards this year are sitting on gains of millions of dollars.
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Morgan Stanley agreed to purchase Eaton Vance for about $7 billion in CEO James Gorman's second major acquisition this year, both of which tilt the investment bank further toward the steadier business of money management...
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Despite Option To Pause Payments, 400,000 Homeowners Fall Behind On Their Mortgage About 400,000 homeowners have fallen behind on their mortgage loans, despite being eligible for a payment-free forbearance plan.
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N.J. Lawmakers Call For Postal Service Probe Into 'Habitually Abandoned Mail' Ahead Of Election The USPS is refusing to let lawmakers tour a facility where the mail issues have originated.
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Meet the Queens-bred billionaires behind COVID-19 drugmaker Regeneron The biotech company President Trump credited with helping him fend off the coronavirus is run by two Queens-bred billionaires who still have roots in New York.
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End of an era: LendingClub to drop P2P platform

American Banker - 8 Oct 2020 22:43
The San Francisco fintech, which is buying Radius Bancorp, will discontinue peer-to-peer lending and instead offer new products, like high-yield savings accounts, to its retail investors.
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'Mangrove': Steve McQueen's Powerful Film On Racial Discrimination In The U.K. Steve McQueen's film opened the 2020 BFI London Film Festival.
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How the Boost in Home Improvement Might Benefit the Packaged-Food Industry Key Insights Product innovation is still necessary to prevent iconic brands from becoming antiques While stuck inside during the pandemic, plenty of people have decided to spruce up their surroundings. The result has bee...
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Irish Airport Retailer ARI Extends Global Footprint To Montenegro And Invests Online Aer Rianta International is pushing forwards during the pandemic as a safeguard for the long term, helped by a strong balance sheet, according to its CEO.
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Jack Dorsey's payments company is the second publicly traded firm to put some portion of corporate reserves into bitcoin, following MicroStrategy's $425 million all-in bet.
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The number of Americans who applied for jobless benefits fell slightly in early October to a fresh pandemic low, but they are declining more slowly in a sign the labor market could be experiencing greater turbulence. Ini...
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How technology is helping communities and businesses around the world bounce back during the pandemic Everything from social media to cloud computing is being use to help countries develop an effective crisis management plan for COVID-19.
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Crypto Adoption Advocate 1xBit Adds EOS to Its Sportsbook and Casino October 8th 2020, Limassol, Cyprus – 1xBit Casino Sportsbook has announced its support for one of the markets hottest cryptocurrencies, EOS. The PoS (delegated-proof-of-stake) token is used on the EOS platform for deve...
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The 'Dark Forces' Surrounding The Captain's Lawyers In Mauritius Wakashio Oil Spill Ship Case The high profile Mauritian lawyer for the captain of Mauritius oil spill ship, the Wakashio, was unexpectedly replaced with lawyers hired by the shipowners and insurers company. He called these 'dark forces' and has rais...
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IBM jumps 13% after it reveals plan to spin off legacy business to focus on cloud unit The spinoff of IBM's legacy networking business will allow the company to become "laser-focused" on the $1 trillion hybrid cloud opportunity.
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Is Your Executive Compensation Plan Undermining Your Mission?

Harvard Business Review - 8 Oct 2020 14:25
Businesses are becoming more agile, but pay plans have not changed accordingly.
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Stashing Cash In a Low-Interest World

Wall Street Journal - 8 Oct 2020 11:30
Many Americans are saving more than ever, but low interest rates raise the question: Where is the best place to store cash?
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