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Business News

Location American Business News for 12 July 2022
'I am not a tit-for-tat person, especially with friends. I often treat friends to a drink.'
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Bill Ackman's SPAC to Return $4 Billion to Investors

The New York Times - 12 Jul 2022 04:27
Bill Ackman's SPAC to Return $4 Billion to Investors The billionaire behind it, Bill Ackman, said he was "unable to consummate a transaction that both meets our investment criteria and is executable."
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EDF shares surge as France 'prepares for €8bn nationalisation' French government plans to buy remaining 16% of energy giant to keep bills down could cost up to €10bn Shares in EDF have surged on reports that the French government is prepared to pay more than €8bn (£6.8bn) to na...
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Morning Brew Tops $36 Million First-half Revenue and Launches Its 10th Newsletter The business news publisher Morning Brew, an Axel Springer property, launched its 10th newsletter Monday morning, a product called CFO Brew that aims to reach readers in strategic and corporate finance. The publisher has...
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Unicorn Strategies Of Elon Musk: 8 Signs That Tesla May Be Peaking There are many signs that Tesla may be peaking. And with all the distractions that Musk is facing, can he keep Tesla on top? Musk is incredibly talented. But is his well of talent finite or infinite? Time will tell.
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PepsiCo raised its revenue outlook for the year as consumers snacked on more Doritos chips and drank more Gatorade, even as prices increased.
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A lawsuit alleged Subway's tuna products were made from "a mixture of various concoctions," including other fish species, chicken, pork, and cattle.
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After Texas City Refused To Pay For Destroying Her Home, Woman Wins Nearly $60,000 For the first time time ever, a federal court ruled that under the Fifth Amendment, the government must compensate innocent owners who had their property destroyed by police.
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Another Look: U.S. Heartland China Association Gets Foundation Grant Group works to boost U.S.-China ties
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Amazon revealed to GamesBeat just how much the Prime Gaming platform has grown, and how much its free content has given to players.
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Company of Heroes 3 debuts for Steam on November 17

Venture Beat - 12 Jul 2022 22:08
Company of Heroes 3 will debut on Steam on November 17. The title is the latest real-time strategy World War II game coming from Relic Entertainment and Sega. The companies also released a free North Africa operation ava...
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Companies recognize the value of data to define strategy, but are often unable to create a systemic approach to a data-driven strategy.
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Wall Street Firms Slash S&P 500 Price Targets As 'Concerned' Analysts Warn Of Earnings Slowdown Corporate earnings kick off this week and are "under pressure" as recession fears escalate, analysts warn.
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Red Flags You Won't See on a CEO's Resume

Harvard Business Review - 12 Jul 2022 17:00
A conversation with HBS professor Aiyesha Dey on looking at character when hiring executives.
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On Tuesday, Treasury Secretary Janet Yellen will hold talks with Japanese officials on the price cap proposal.
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The output figures raised fresh concerns about whether the cartel is capable of easing the worst supply crisis in decades ahead of a meeting between President Biden and the group's largest members
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William Ackman to Close $4 Billion SPAC

Wall Street Journal - 12 Jul 2022 16:32
The hedge-fund manager is winding up the largest-ever special-purpose acquisition company after failing to find a target.
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Animoca Brands Hits $5.9 Billion Valuation As Crypto Winter Deepens Blockchain game maker and crypto investor Animoca Brands has secured $75 million in a funding round that values the Hong Kong-based company at $5.9 billion.
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Down 60% This Year, Is WW International Stock Finally Worth A Look? WW International stock has seen a big sell-off this year, declining by about 58% year-to-date to levels of around $7 per share.
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The dollar's strength continues to weigh on the yellow metal.
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Uber was thrilled with an FT story quoting the consultant academics. One person wrote, "Wow!" — praising the team who "landed it."
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Bill Ackman says he'll return $4 billion to PSTH investors after failing to close a SPAC deal — and trumpets his next-generation SPARC The Pershing Square chief blamed the market's rapid rebound after the pandemic crash, investors souring on SPACs, and legal and regulatory challenges.
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