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Business News

Location American Business News for 21 January 2021

Starboard Seeks to Take Control of Corteva Board, Oust CEO

Wall Street Journal - 21 Jan 2021 05:58
Starboard Value is seeking to take control of agricultural giant Corteva's board and replace its chief executive, according to people familiar with the matter.
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There is a "widening financial gap" between households because of the pandemic, says the ONS.
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Shoppers buying items from Europe now have to pay customs or VAT charges on those above a certain value.
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Hedge Funds' Bets on Fannie and Freddie Cause Pain

Wall Street Journal - 21 Jan 2021 14:00
Continued uncertainty over the future of Fannie Mae and Freddie Mac has inflicted pain on hedge funds, which have been wagering for years that the mortgage-finance giants would be put on a path to returning to private ha...
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US workers file 900,000 new jobless claims as COVID-19 total tops 75 million Americans filed 900,000 applications for unemployment benefits last week, a signal that layoffs are still going strong as the coronavirus hammers businesses and workers alike.
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Verizon Media Expands Its Ad Sales Deal With Microsoft Verizon Media is expanding its long-standing ad sales arrangement with Microsoft as the telecom giant's ad-tech unit looks to solidify its footing in the marketplace. The telecom's supply-side platform now represents dis...
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Shares of FTSE 250-listed brick maker Ibstock jumped as much as 11%, as the company reported a boost in activity from both new-build housing and its repairs markets.
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Corporate America is pausing its financial support for the 147 GOP lawmakers who challenged Biden's victory. Here are all the S&P 500 companies who gave them money - and then stopped. S&P 500 companies gave $23 million to Republicans who voted to overturn Electoral College results. See how much they gave and who's reversing course.
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A billionaire New York hedge-fund CEO just dropped $20 million on a Miami Beach mansion as Wall Street firms plan moves to Florida Third Point CEO Dan Loeb's purchase comes as major financial firms considering moving operations from New York to Florida.
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Jack Ma's Hostage Video - Fake News, The Old-Fashioned Way The sudden news today that Jack Ma had "re-appeared" - in a 43-second video clip, after an unexplained public absence of almost three months - splashed headlines around the world. enough to send Alibaba's shares soaring ...
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Insider Retail: Logistics startups look to micro-warehouses and the vaccine rollout hits retail stores The biggest retail stories of the week, including the industry's vaccine rollout and big growth in micro-warehouses.
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Intel faces a critical moment as new CEO Pat Gelsinger takes over next month for Bob Swan and activist hedge fund Third Point calls for major changes.
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Should Politics Play A Role In Our Investments? With a new administration just beginning, Commonwealth CIO Brad McMillan reflects on how he thinks about politics and investments.
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Has Bitcoin Been Building Strong Support Above $30,000? Bitcoin has been trading north of $30,000 as the digital currency consolidates. Has the cryptocurrency established this price level as an area of significant support?
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Here Are Some Of The Government-Funded Perks Trump Could Get After Leaving Office He gets a taxpayer-funded pension, office and security detail.
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Top Stocks To Short Today As Market Flattens After Hitting Records After the S&P and Nasdaq hit record highs on inauguration day for the first time since 1997, backed by strong earnings and Biden-related stimulus and vaccine optimism, the indices traded flat. Using our deep learning alg...
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Netflix Renews Hit Drama Bridgerton for Season 2 Bridgerton, the flirty period drama from Shonda Rhimes' production company Shondaland that became a huge hit after debuting Dec. 25 on Netflix, will return for a second season. The renewal was announced Thursday morning ...
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ON JANUARY 13TH Honda, a Japanese carmaker, said it had to shut its factory in Swindon, a town in southern England, for a while. Not because of Brexit, or workers sick with covid-19. The reason was a shortage of microchi...
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U.K. Among Worst Offenders For E-Waste Following Black Friday Binge Following a record Christmas and Black Friday splurge at the end of 2020, British consumers have either condemned to landfill or hoarded some five million unwanted electrical devices with a donation value of $218 million...
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Sensormatic Solutions Launches Platform to Combine Insights from Across Data Sets Sensormatic Solutions has launched Sensormatic IQ, an intelligent operating platform for retail designed to increase visibility into operations and shopper insights. The platform integrates the full Sensormatic Solutions...
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The Chicago-based airline burned an average of $33 million per day in the fourth quarter, and reported a net loss of $1.9 billion.
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The majority of the new deposits came from cryptocurrency exchange clients.
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