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Business News

Location American Business News for 9 February 2021

MUFG's Kevin Cronin promoted to CEO of Union Bank

American Banker - 9 Feb 2021 20:40
Previously head of corporate and investment banking in the Americas, Cronin will replace Stephen Cummings as president and CEO of Mitsubishi UFJ Financial Group's U.S. holding company, as well as its San Francisco-based ...
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The Information Commissioner's Office says it believes the purchase broke its rules.
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A British supermarket chain in Belgium is on the verge of closure with no deliveries since December.
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Under Armour Stock To Trade Lower Post Q4 Results? Under Armour, a sports equipment company that manufactures footwear, sports and casual apparel, is scheduled to report its fiscal fourth-quarter results on Wednesday, February 10. We expect Under Armour to trade lower du...
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Bitcoin Has a Big Day, Thanks to Tesla

The New York Times - 9 Feb 2021 14:39
Bitcoin Has a Big Day, Thanks to Tesla Tesla's $1.5 billion investment in the cryptocurrency moved markets.
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Palm Beach officials are considering a bid by Trump's Mar-a-Lago neighbors to evict him from the resort Donald Trump's Mar-a-Lago neighbors say he should leave the resort or risk an 'embarrassing' eviction.
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Covid-19 Forces Co-Working Firms to Recast Business Model

Wall Street Journal - 9 Feb 2021 15:00
Covid-19 Forces Co-Working Firms to Recast Business Model The pandemic is compelling a number of co-working firms to discard original business models, or accelerate the adoption of a new one, with the broader office market under threat.
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House Democrats dismiss efforts to scale back eligibility for $1,400 stimulus checks House Democrats unveiled the first draft of COVID-19 stimulus legislation, which Democratic lawmakers are racing to pass by the end of February.
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How Is The House Of Mouse Battling A Cat Called COVID? What if we told you Disney (DIS) would shutter parks and dock cruise ships during a big chunk of the busy season, do a phased reopening with limited capacity that could last well beyond a year, start a global battle with...
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NYC restauranteurs flock to Miami for relaxed COVID-19 rules New York restaurants are on life support, but Miami is booming, and Big Apple eatery owners who can are flocking South to join the feast. Despite uncomfortably high coronavirus rates, Miami restaurants have been open for...
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Reddit's Valuation Doubles to $6 Billion After Funding Round

Wall Street Journal - 9 Feb 2021 03:13
Reddit's Valuation Doubles to $6 Billion After Funding Round The social-media company has added users through the Covid-19 pandemic and more recently has gained attention for its role in the recent Wall Street trading frenzy.
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Daily Dividend Report: T. Rowe Price Group, Loews, Mastercard, W.R. Grace, Lam Research
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Armis, a startup developing a cybersecurity solution for IoT devices, has secured a strategic investment at a $2 billion valuation.
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Stock futures edged down after Monday's record close.
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This One Thing Could Send Silver Prices Surging to $50 or Higher Ignore the noise and pay close attention to the price of silver. It's possible that the gray precious metal is setting up for a massive move--a move that c...
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The overhaul would expand the Child Tax Credit to up to $3,600 for children up to 6 years old, or $3,000 for children up to age 17.       
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PM's fintech adviser eyes $50m Pollinate funding A start-up created by a fintech adviser to Boris Johnson is in talks to raise $50m to accelerate the international rollout of its cloud technology platform.
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How does Cash App work? Cash App's primary features, explained Cash App works as a payment app that allows for direct peer-to-peer payment via your mobile device. Here's what you need to know.
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Trump's impeachment lawyer says American voters are 'smart enough to pick a new administration if they don't like the old one, and they just did' Bruce Castor Jr. explicitly acknowledged President Joe Biden's win, a victory that Trump spent months claiming was fraudulent and suspect.
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Labatt USA, Snap Bring the Arena to Fans of 4 NHL Teams On to other sports: Brewer Labatt USA teamed up with Snap Inc. and four National Hockey League teams on an augmented reality experience that virtually brings Snapchatters to the arenas they currently can't visit. Fans of...
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French Bank Natixis to Go Private in $4.5 billion Deal

Wall Street Journal - 9 Feb 2021 21:30
Financial group BPCE plans to buy out minority shareholders of the investment bank, taking private the unit that has been plagued by bad bets and trading losses.
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Forbes - 9 Feb 2021 21:07
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