Business

Ford Chief to Step Down, to be Replaced by Carmaker COO

After leading Ford Motor Company for three years, its chief executive officer Jim Hackett will be stepping down from his…

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Mortgage Rates Are Still Sliding, And May Likely Continue to Do So

Interest rates for mortgages are declining. And in the foreseeable future, the trend may still follow. This could give millions…

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Mcdonald’s Sues Ousted CEO For Lying About Sexual Affairs

McDonald’s has filed a lawsuit on Monday naming its former chief executive Steve Easterbrook. The giant food-chain company is suing…

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Kodak Shares Dive By 30% As Its $765M Federal Loan Is Paused

Stocks for Kodak on Monday was down by as much as 30 percent. This came as the US International Development…

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Study Reveals Black-Owned Businesses Suffer More in Pandemic

Businesses owned by Black are found to be most affected by the health crisis, per a study from New York’s…

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Garmin May Have Paid Millions in Ransomware Attack

Last month, smartwatch maker Garmin became the victim of a ransomware attack. At first, the company claimed that they had…

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Coca-Cola to Enter Growing Hard Seltzer Market

How about a refreshing story? One of the largest beverage companies in the world is venturing into the hard seltzer…

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Boeing CEO Reports $2.4B Loss, Claims Defense to be Supported

Boeing CEO is confident that defense is secured amidst troubling figures for the company

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Electronics Skincare Brand Clarisonic is Officially Closing

Clarisonic announced that they are shutting down business so that parent company L’Oreal can focus on ‘other core business offerings’

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McDonald’s Company Sees Improvement in Sales Despite Pandemic

McDonald’s CEO says the company managed to narrow the gap of loss in sales during the pandemic quarter

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Price of Gold at an All-Time High Over Pandemic Resurgence

Gold prices hit new record of $1,944 per ounce, replacing previous 2011 record

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Work-From-Home Americans are Now Trying Out Working from Hotels

When the coronavirus outbreak began, most of the world’s “normal routines” are disrupted and changed the way we approach our…

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Elon Musk Climbs Ranking of World’s Richest People to Fifth Spot

Elon Musk, Tesla CEO, is now the fifth richest in the globe

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Stores Having Difficulties to Impose Strict Mask Policy

Store owners are finding it difficult to impose mask policies because of aggressive customers who lash out at employees

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Chinese Company Ant Group to Trade Publicly in HKSE, Beijing STAR

Ant company, owned by Jack Ma, announced it will list its shares on HKSE and STAR

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Nissan Unveils Its New Fully Electric SUV, The Ariya

Japanese carmaker Nissan unveiled its newest fully electric SUV, the Ariya, challenging other electric car companies like Tesla.

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Japan Operates Newest Bullet Train That Can Run on Battery Power

Japan has begun operating its newest bullet train, the N700S, that can run on battery power in case of a…

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Twitter Mulls Paid Subscription, Sees 8% Rise in Shares

Twitter considers changing to a paid subscription model called Gryphon, as hinted by two job postings.

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Citing Drop In Sales, Levi’s Lays Off 700 Workers

COVID-19 has unsettled yet another global brand in Levi Strauss, as it announced cutting 700 jobs or 15% of its…

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Kering Shuts Down Rumors of Moncler Acquisition

Kering chairman and chief executive officer François-Henri Pinault has confirmed to WWD that rumors of his company acquiring Italy’s Moncler are greatly exaggerated. The rumblings boosted Moncler’s shares as…

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