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Thread: Business news 2020

  1. #111
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    Uncle Ben, that horrible racist, is no longer an uncle. His rice is still white, though.

    Mars drops Uncle Ben's, reveals new name for rice brand

    https://www.aol.com/article/finance/...rand/24627788/

  2. #112
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    Google TV will show content from Netflix and Disney+ but what is the point? We can just watch Netflix and Disney+.

    Google launches Google TV, new Chromecast

    https://www.reuters.com/article/us-a...-idUSKBN26L3G7

  3. #113
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    Donald Trump loves to brag – and take sole credit – when hundreds of thousands of jobs are created.....but he never says a word about the many millions of jobs that have been lost.

    Trump has the worst job losses on record heading into the election
    CNN Business, Oct 2 2020 12:48 PM ET

    The economy added 661,000 jobs in September, the Bureau of Labor Statistics said Friday. The unemployment rate stood at 7.9%. This is the highest the unemployment rate has been ahead of a Presidential election since the government started tracking the monthly rate in 1948. The pandemic has ravaged America's previously strong job market and more than 22 million jobs vanished in the spring lockdown. If President Donald Trump loses the election, he could become the first President on record – going back to President Harry Truman– to leave the White House with fewer jobs than when he started.

    https://www.cnn.com/2020/10/02/econo...ion/index.html

  4. #114
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    The Ruby Tuesday restaurant chain – yes, it was named after the Rolling Stones' 1967 number-one hit – was founded in 1972. Four years ago, there were 724 Ruby Tuesdays worldwide. There are now fewer than 300.

    Ruby Tuesday declares bankruptcy after COVID-19 closures

    https://www.cbsnews.com/news/ruby-tu...cy-chapter-11/

  5. #115
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    McAfee, the world's largest technology security company, was founded in 1987 in Santa Clara, California by computer programmer John McAfee. He resigned from the company in 1994.

    McAfee looks to raise up to $814 million in IPO
    Reuters, Oct 13 2020 9:40 AM

    Cyber security firm McAfee Corp said today it is looking to raise up to $814 million in its initial public offering. The company, which was carved out of Intel Corp four years ago, will sell nearly 31 million shares, while the selling stockholders will offer about 6 million shares in the IPO. It is targeting a price range of $19-$22 per share, with the top end of the range valuing the firm at $9.5 billion.

    https://www.reuters.com/article/us-m...-idUSKBN26Y2J7

  6. #116
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    In 1958, Royal Crown introduced Diet-Rite Cola, the first sugar-free soft drink. Five years later, Coca-Cola introduced their own diet cola, Tab. Both were sweetened with cyclamate and saccharin. The FDA banned cyclamate in 1969.

    Coca-Cola is discontinuing Tab after 57 years

    https://www.cnn.com/2020/10/16/busin...ola/index.html

  7. #117
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    Purdue Pharma was founded in Manhattan in 1892 by physicians John Purdue Gray and George Frederick Bingham as the Purdue Frederick Company. It has no connection to Purdue University – which, unlike Purdue Pharma, is not shutting down.

    OxyContin maker to plead guilty to federal criminal
    charges, pay $8 billion, and will close the company


    https://www.cnn.com/2020/10/21/busin...lea/index.html

  8. #118
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    Can we say another stream has dried up?

    Streaming service Quibi to wind down operations six months after launch

    https://www.reuters.com/article/us-q...-idUSKBN27635W

  9. #119
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    The Panera Bread Company began in 1987 with the St. Louis Bread Company in Kirkwood, Missouri. In 1997, the chain became Panera after the Spanish word for "breadbasket." There are more than 2,000 Paneras in the US and Canada – and now they'll be selling pizza.

    Panera Bread adds pizza to its menu to double down on dinner

    https://www.cnn.com/2020/10/28/busin...rnd/index.html

  10. #120
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    In the three months ending September 30, Amazon's profit was $6.3 billion, a 197% increase over the third quarter of 2019. Time to give Jeff Bezos another raise!

    Amazon had a blowout quarter as people flocked to online shopping

    https://www.cnn.com/2020/10/29/busin...ngs/index.html

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