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Business News

American Business News for 24 Oct 2020

Mama mia! Pasta flies inThe glamorous Il Mulino Italian restaurant empire might soon be fegato tritato -- or chopped liver, as New Yorkers say. Il Mulino owner Jerry Katzoff sued his lenders on Friday accusing them of a plot... to squeeze him out of the business -- the latest legal salvo between the restaurateur and his chain's chief lender,...
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U.S. Shatters Daily CovidTrump insists Covid is "going away."
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McDonald's Asks Judge To"Success is promised to no one, and plaintiffs' struggles--while regrettable--are simply not a basis for a claim against McDonald's," the company said in a court filing.
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1.3 Million AmericanThe national eviction moratorium that currently allows residents to postpone rent payments expires on December 31, leaving millions of Americans with billions of dollars in unpaid rent, a Friday... report from the Fed shows.
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Four Wall Street businessmenWhen four businessmen were dining at Balthazar in New York, they praised what they thought to be an expensive wine -- but the bottle only cost $18.
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America's massive unpaid rent"Policies designed to replace lost income for unemployed workers ... have been very effective at preventing rental debt," researchers wrote.
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Climate change activists haveClimate activists are now going after law firms, in the latest strategy of holding organizations accountable for their bad behaviors.
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Physicists made aThe superconductor only works at pressures roughly equal to those in the Earth's core, but it shows room-temperature superconductors are possible.
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These 5 Policies are Key toThese 5 economic policies will be most important to small business owners no matter who wins the Presidency.
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How to Game Plan Your Paused Student Loan Payments

Wall Street Journal - 24 Oct 2020 15:00
Millions of student borrowers have been able to pause their loan payments since March, but some may feel unprepared to resume payments when the relief ends.
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Hot Property: Ellen DeGeneresEllen DeGeneres and her wife, actress Portia de Rossi, are asking $39.9 million for their 9-acre, Bali-inspired compound.
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Revamp This Old-FashionedIt's the most common rule in investing...
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Bombardier's new $9.9 millionBombardier designed the Learjet 75 Liberty to specifically compete against the best aircraft from Cessna and Embraer in price and performance.
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But competition is quickly encroaching on Elon Musk's lead. Here's where the competitors stand, according to UBS.
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Kinder Morgan: Charting A USStability and sustainability were certainly themes of Kinder Morgan's Q3 results and guidance. Despite the worst market conditions for US midstream companies in at least a generation, the company's Q3... distributable cash flow per share was down just 4 percent from year ago levels.
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To Find a Coronavirus Vaccine,The hunt for a solution to Covid-19 is producing an unlikely team of rivals in the cutthroat world of pharmaceuticals.
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Alphabet, Netflix, Tesla: Stocks That Defined the Week

Wall Street Journal - 24 Oct 2020 02:54
Here are seven major companies whose stocks moved on the week's news.
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Global Shipping's CoronavirusThe value of the world's biggest ship company stocks have bounced back 85% since the coronavirus lockdowns in March, as the top ten earned over $140 billion in revenue. However, the industry remains... heavily exposed to the oil industry, as the 6th largest emitter of greenhouse gas emissions.
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Final Presidential Debate Draws 63 Million TV Viewers

Wall Street Journal - 24 Oct 2020 01:37
Final Presidential DebateRoughly 63 million people watched the final presidential debate between President Trump and former Vice President Joe Biden on television, as the two sparred over the economy, health care and... immigration.
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Two Companies Restart VirusAstraZeneca and Johnson & Johnson have restarted their late-stage trials after finding that serious illnesses in a few volunteers appeared not to be related to the vaccines.
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New York Giants Trade MarkusThe Giants shipped seldom-used outside linebacker Markus Golden to the Cardinals for a 2021 sixth-round draft pick.
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Expensify CEO Urges Customers to Vote Against Trump

Wall Street Journal - 24 Oct 2020 00:04
Expensify CEO Urges CustomersThe move by the head of the expense-reporting software startup prompted a social-media debate over how political companies should be--and what it means for their business and workers.
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Amy Coney Barrett's FirstThe court was stuck in a 4-4 tie last week.
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Obama Calls Trump Behavior'There might be a whole day where they won't be on TV' Obama said of Biden and Harris, predicting their presidency 'won't be so exhausting.'
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The S&P 500's tech giants will vie for attention as they barrage the market with third-quarter earnings in the week before the Nov. 3 election.
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