American Business News for 24 Oct 2020
The 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,...
Trump insists Covid is "going away."
"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.
The 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.
When 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.
"Policies designed to replace lost income for unemployed workers ... have been very effective at preventing rental debt," researchers wrote.
Climate activists are now going after law firms, in the latest strategy of holding organizations accountable for their bad behaviors.
The superconductor only works at pressures roughly equal to those in the Earth's core, but it shows room-temperature superconductors are possible.
These 5 economic policies will be most important to small business owners no matter who wins the Presidency.
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.
Ellen DeGeneres and her wife, actress Portia de Rossi, are asking $39.9 million for their 9-acre, Bali-inspired compound.
It's the most common rule in investing...
Bombardier designed the Learjet 75 Liberty to specifically compete against the best aircraft from Cessna and Embraer in price and performance.
But competition is quickly encroaching on Elon Musk's lead. Here's where the competitors stand, according to UBS.
Stability 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.
The hunt for a solution to Covid-19 is producing an unlikely team of rivals in the cutthroat world of pharmaceuticals.
Here are seven major companies whose stocks moved on the week's news.
The 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.
Roughly 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.
AstraZeneca 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.
The Giants shipped seldom-used outside linebacker Markus Golden to the Cardinals for a 2021 sixth-round draft pick.
The 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.
The court was stuck in a 4-4 tie last week.
'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.'
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.