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Business News

Location American Business News for 10 January 2022
Lululemon latest retailer to get socked by Omicron surge Lululemon Athletica's shares tanked after the retailer warned its holiday business took a hit because of the Omicron variant.
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How Leaders Can Balance the Needs to Perform and to Transform

Harvard Business Review - 10 Jan 2022 17:25
It’s about learning how to manage time, the stress of leadership, and rank-and-file morale.
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Amazon Prime Video's anthology 'Unpaused: Naya Safar' to stream on 21 January The films have been directed by Shikha Makan, Ruchir Arun, Nupur Asthana, Ayappa KM and Nagraj Manjule and feature Saqib Saleem, Shreya Dhanwanthary, Neena Kulkarni and Priyanshu Painyuli among others
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Take-Two will buy Zynga, in a union of two top game makers.

The New York Times - 10 Jan 2022 18:06
Adding Zynga's stable of app developers is meant to help Take-Two roll out more smartphone versions of its popular video game titles.
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Dogecoin creator slams Mozilla for pausing crypto donations The creator of Dogecoin criticized Mozilla for supposedly making its decision based on feedback from the "ignorant, reactionary internet mob."
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Checkers & Rally's is rolling out voice-ordering bots to take drive-thru orders at 267 restaurants amid a crippling labor shortage in the industry The automated voice bots will allow restaurants to redeploy existing workers to "more people-dependent" tasks, the chain said.
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Hungry for Chips, Huawei Invests in Chinese Companies That Make Them Blocked by the U.S. from buying many of the chips it needs, Huawei Technologies is stepping up investments in companies that are racing to build China's semiconductor supply chain.
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NASDAQ Stock Has Limited Upside

Forbes - 10 Jan 2022 16:00
NASDAQ Stock Has Limited Upside NASDAQ stock has gained 47% since the end of 2020, and at its current price of $195 per share, it is almost 9% below its fair value of $215 - Trefis' estimate for NASDAQ's valuation. While the exchange outperformed the s...
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Jamie Dimon's son-in-law caught in $21M dispute between Apollo, oil exec Jamie Dimon's son-in-law has been caught up in an ugly dispute with a Texas-based energy executive, who has accused him, along with private-equity giant Apollo Global Management, of orchestrating a scheme.
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Senator Elizabeth Warren, the Massachusetts Democrat, pressed the central bank to provide more information by Jan. 17.
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What's Happening With Bristol Myers Squibb Stock? Last month we discussed that there are good chances of a rise in Bristol Myers Squibb stock based on its historical performance. BMY stock is up 8% over the last month, primarily driven by increased investor interest aft...
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Truck Ads on TikTok? Inside Ford Maverick's Hot AR TikTok Campaign This past summer, the Ford Maverick went places where few trucks have gone before: a tray of crudites, an apartment roof, a laundry room counter. It even found itself as the object of desire for an eager Yorkie. The secr...
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Former Trump campaign manager Paul Manafort set to release a book in August A description of the upcoming book teases a "riveting account" of a "hoax" that forced Manafort into solitary confinement.
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Property Investors Swap Office Blocks for Data Centers

Wall Street Journal - 10 Jan 2022 16:46
Real-estate investors are pulling cash out of offices and putting it into data centers as a hedge against the impact of remote working. But data centers have their own problems with oversupply and demanding tenants.
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10 things before the opening bell

Business Insider - 10 Jan 2022 15:52
Political unrest abroad is shaking global markets, a man goes to jail after buying Tesla stock with pandemic relief funds, and Ray Dalio's predictions.
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Take-Two Interactive to Buy FarmVille Maker Zynga in $11 Billion Deal The cash-and-stock deal is one of the videogame industry's bigger acquisitions to date and allows the "Grand Theft Auto" maker expand its mobile portfolio.
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Djokovic 'Pleased And Grateful' With Visa Verdict--Hopes To Defend Australian Open Title Djokovic has gone back and forth with the Australian government over his vaccination status and his eligibility to remain in the country.
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European stocks dropped on Monday, with tech companies leading a downward slide on worries about rising interest rates.
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Take-Two to Buy Zynga, Uniting Two Top Game Makers

The New York Times - 10 Jan 2022 17:36
Adding Zynga's stable of app developers is meant to help Take-Two roll out more smartphone versions of its popular video game titles.
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SEC Pushes for More Transparency From Big Private Companies

Wall Street Journal - 10 Jan 2022 17:03
"Unicorn" firms have a huge impact and "absolutely no visibility" for regulators, says SEC Commissioner Allison Lee.
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Microsoft Hit by Defections as Tech Giants Seek Talent to Build Metaverse Around 100 people on the team developing Microsoft's HoloLens augmented-reality headsets have left, mostly to Facebook parent Meta.
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Citigroup has warned US office staff they'll be fired at the end of the month if they don't get vaccinated by Friday, according to multiple reports.
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