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Thread: Business news 2020

  1. #71
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    Restaurants and fast-food outlets have been hit hard by the COVID-19 pandemic. They're open only for drive-thru orders and delivery orders and they lost more than $30 billion in sales during March and $50 billion in April. Chipotle Mexican Grill, however, is doing very well. Today their stock price reached a record high of $1,017.87 and right now is at $998.58. All I can say is people must really love those chicken burritos, sofritas and keto salad bowls!

    Chipotle shares hit a record high above $1,000 as the company sees strong delivery momentum

    https://markets.businessinsider.com/...0-5-1029212322

  2. #72
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    Charles Rolls and Henry Royce founded the Rolls-Royce luxury car company in 1906 in Manchester, England. In 1915, during World War I, they began manuafacturing airplane engines. Most of these 9,000 job cuts, 17% of the company's workforce, will come from the civil aerospace division.

    Rolls-Royce to cut 9,000 jobs amid coronavirus crisis

    https://www.bbc.com/news/business-52723107

  3. #73
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    For more than 30 years, Johnson & Johnson executives knew their talcum powder contained small amounts of asbestos but they never disclosed this to regulators or to the public. "We won't sell talcum powder anymore but the asbestos and all the lawsuits have absolutely nothing to do with our decision." Yeah, uh-huh.

    Johnson & Johnson stops selling talc-based baby powder in US and Canada

    https://www.npr.org/2020/05/19/85918...u-s-and-canada

  4. #74
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    Sind sie verr├╝ckt? Was dachten sie? And the first letters that appeared on the screen spelled "neger," the German word for.....well, you can guess. Volkswagen executives tried to defend this ad. They couldn't.

    Volkswagen execs 'horrified' over racist ad showing large white hands flicking a black man away from a Golf 8
    The German automaker initially said critics 'misunderstood' the Instagram clip, which has been pulled.

    https://www.marketwatch.com/story/vo...man-2020-05-21

  5. #75
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    Walter Jacobs acquired 12 Model T automobiles and started a Rent-A-Ford business in 1918 in Chicago. John Hertz, a thoroughbred racehorse owner and breeder, bought the company in 1923. The Hertz Corporation now operates in North America, Latin America, Europe, Asia, Africa, Australia, New Zealand and the Middle East. Hertz isn't doing much businesss right now, though. Amid the COVID-19 pandemic, hardly anyone is traveling. So.......

    Hertz files for bankruptcy

    https://www.cnn.com/2020/05/22/busin...tcy/index.html

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