Business

Ireland Extends “Wet” Pub Closures, to Support Affected Owners

As Ireland extends shutdown of pubs, the government announced a support package for affected owners. Ireland is dedicating $19 million…

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Hotels Seek Help From Congress to Avoid Foreclosures

The hotel industry is seeking federal backing as they navigate the pandemic. The health crisis is also creating a crisis…

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Citibank Sues to Get Back $175 Million Payment Error

Citibank is suing hedge fund Brigade Capitals over a payment sent 100 times larger accidentally. A huge American bank tried…

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Walmart Turns Their US Parking Lots Into Drive-In Theaters

Walmart offers 160 of their parking spaces as a drive-in theater. Walmart is not only the one-stop shop for your…

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Nestlé US Pledges to Reduce Single-Use Plastics in All of Their Packaging by Joining the US Plastics Pact.

Nestlé US pledges to reduce single-use plastics in all of their packaging by joining the US Plastics Pact. Food conglomerate…

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Robinhood’s Valuation Reaches Over $11B, Thanks to Latest Funding

Robinhood raised a funding of $200m, buoying their valuation to $11.2b. American financial services company Robinhood, which offers a free…

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Fan-favorite Starbucks’ Pumpkin Spice Latte Is Now Available

Starbucks brings back its fall-themed menu, including wildly popular Pumpkin Spice Latte. Summer may have to exit earlier this year.…

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Lean Manufacture Likely Affects Low Inventory of Paper Towel Amid Pandemic, Reports Say

The pandemic paved the way for the increase in paper towel sales, however, inventory is running low. It could be…

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“Uncle Ben’s” to Be Rebranded Amid Protests Against Racism

“Uncle Ben’s” will be renamed as “Ben’s Original” starting next year, as its company faces criticisms regarding the racial stereotype…

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Tiffany & Co. Sues LVMH for Opting Out of Merger Plans

Tiffany & Co. sued LVMH for backing out of the merger deal, alleging breach of agreement. Tiffany & Co. filed…

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Danone Announces Plans to Reduce Its Business Portfolio

Danone will sell some of its businesses as it posted a 2.5 percent drop in third-quarter on a like-for-like basis.…

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NBC’s Entertainment Chair Fired Over Alleged Workplace Misconduct

Now former chairman of NBC Entertainment Paul Telegdy was fired on Thursday over allegations of behavior misconduct. He had previously…

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Mall Owners to Buy Recently Bankrupt JC Penney

JC Penney’s deal to sell to mall owners continues thereby saving them from bankruptcy. American department store JC Penney previously…

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Merger of Broadway Federal and City First Forms Largest Black-led Bank

Broadway Federal and City First banks merged and formed the largest Black-led bank. The merging of two banks with Black…

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Las Vegas Monorail Company Files for Bankruptcy Protection Amid Pandemic-Related Closures

The Las Vegas Monorail Company filed for Chapter 11 Bankruptcy Protection amid months of closures due to the pandemic. The…

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West Paw Sees Sales Boost, CEO Says Rising Trend for Pet Adoption to Last for Years

West Paw CEO Spencer Williams said its sales had increased in May-September as more Americans adopt pets during the pandemic.…

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Delta Reports Third-Quarter Losses Amid Pandemic Dragging Demand for Air Travel

Delta Air Lines reported its third-quarter performance, and as the health crisis continues, the carrier reports huge losses amind limited…

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Investment Banks Sued for Allegedly Aiding to Flint Water Crisis

Residents of Flint, Michigan slammed three investment banks for allegedly exposing thousands of children to contaminated water through their bond…

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Premier Inn’s Parent Company Whitbread to Axe Up to 6,000 Jobs Amid Low Demand

Whitbread, the British parent company of Premier Inn, could remove 6,000 of its employees as its hotels continue to see…

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SEC Sends Wells Notice to GE’s Finance Division Over Insurance Losses

The US Securities and Exchange Commission has sent a Wells notice to General Electric over the company’s possible violations of…

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