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Business News

Location American Business News for 26 Oct 2020

Can Gap Escape the Whirlwind?Sonia Syngal must defy the vortex consuming companies that weren't prepared for the Covid crisis. She is plotting a future of fewer stores and more fashion risks to revive the company's namesake... brand.
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Return of Big Las Vegas Shows Proves to Be a High-Wire Act

Wall Street Journal - 26 Oct 2020 15:15
Return of Big Las Vegas ShowsThe cabaret-variety show "Absinthe" aims to reopen this week, making it one of the first shows seeking to return to the Las Vegas Strip, in a test of whether freewheeling entertainment can conform to... pandemic rules and still turn a profit.
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Bank of America made three more investments in minority-focused lenders, bringing its total to 10 in the past two months.
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Hospitals Balance Covid-19Hospitals are holding off as long as possible before halting procedures to make room for fresh waves of Covid-19 patients, a reversal from earlier this year when facilities postponed care, leading to... steep financial losses and public-health risks.
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US stock futures tumble amidUS stock futures sank Monday as a nationwide surge in coronavirus infections and a dim outlook for another stimulus package roiled Wall Street. Futures contracts tied to the Dow Jones industrial... average were down 260.00 points, or 0.9 percent, at 27,929.00 as of 7:39 a.m. after the US recorded more than 83,000 new COVID-19 cases...
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Could MOL-Chartered MauritiusWith cyber attacks on global shipping up 400% this year and several major ship operators already hacked, could the MOL-chartered Wakashio that ran aground in Mauritius in August causing a major oil... spill, have also been a victim? Cyber security experts give their views.
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The French government said on Sunday it would recall the country's ambassador in Ankara, after Turkish President Recep Tayyip Erdoğan insulted French President Emmanuel Macron in a series of... speeches.
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Gold futures flip between small gains and losses.
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New poll shows tight races forThe online poll of 5,352 likely voters found 46% said they would vote in favor of Proposition 22, while 42% would vote against it.
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Jumbotail raises $11 millionThe series B2 round also saw participation from Jumbofund, Nexus Venture Partners, Siddhi Capital, Reaction Fund, Pimpernel Holdings and a group of HNIs as well as industry leaders, a statement said.
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Coca-Cola Backs Away FromCoca-Cola agreed in principle to sell its stake in its Australian bottler to one of its European affiliates, its latest move to reduce exposure to costly bottling operations and focus on the more... lucrative concentrate-making business.
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In A Changing World, The OldThe world has changed, and it impacts how people behave and ultimately the resulting data.
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Deposits have piled up, curtailing overdrafts and other fees. The trend could force lenders to find other ways to make money -- or start cutting to the bone.
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Twitter CEO Jack Dorsey LeadsWhether Twitter co-founder and CEO Jack Dorsey intended to or not, he and his company set new standards this year for how social media platforms moderate hate speech and misinformation. The timing was... crucial, given that 2020 has been anything but normal. And in this presidential election year, with an international health crisis and social...
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Inside the White House's secret, last-ditch effort to change the narrative, and the election -- and the return of the media gatekeepers.
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The agency's May rule modernizing the Community Reinvestment Act had deferred action on establishing numeric metrics for meeting the law's requirements, but acting Comptroller of the Currency Brian... Brooks said banks will soon get more clarity in a follow-up proposal.
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Tyre-maker BKT eyes doublingLeading off-highway tyre manufacturer Balkrishna Industries that sells under the BKT brand expects its domestic market share to double in the next couple of years to over 12 per cent
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Trump has repeatedly boasted about all that he has done for the US military, but that message isn't resonating with the active-duty force he leads.
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Invisalign Taps TikTokFor most teens, years of bracket tightening, wire changes and orthodontist appointments are not something they look forward to. But when their favorite TikTok stars and internet influencers use their... platforms to promote a slick alternative, straightening their teeth changes from a dreaded necessity to a trendy form of self-care. Orthodontic company Align recruited young...
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TechSee, a startup employing AI and computer vision to streamline field service work, raised $30 million to expand its reach.
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All-Clad's famous VIP Sale isThe incredible All-Clad sale on factory seconds is back with huge savings on high-end cookware but not for long--find out more.       
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40 awesome gifts under $20Check out our favorite last-minute gifts you can get for under $20, including a mini waffle maker, a cold brew maker, and velvet scrunchies.       
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Kazakhstan, Reversing Itself,After banning the first Sacha Baron Cohen satire, the country has created tourism ads adopting its catchphrase.
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The benefit will be extended to borrowers with outstanding loans (standard as on February 29, 2020) of less than Rs 2 crore under select categories, irrespective of whether the moratorium was availed... of or not. "The cost to exchequer would have halved if waiver was allowed only where moratorium was availed of," Crisil said in a press note.
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Clarks landlords to hold talksThe footwear retailer Clarks is kicking off talks with landlords about store closures and rent cuts, reviving tensions between high street shop-owners and tenants which have been thrust into sharp... focus during the COVID-19 crisis.
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