SME’s lose big, UK GDP woes, remembering Sumner Redstone
Small and medium-sized US companies suffered a wipeout in profits in the second quarter amid the Covid-19 crisis, Lyft reported a 61 per cent drop in revenue in the same quarter but says it is seeing ...
13 Elo 20208min
Biden chooses Kamala Harris as VP candidate, questions on Kodak loan, Russia’s Covid-19 vaccine
Democrat Joe Biden has named Kamala Harris as his vice-presidential running mate, an Eastman Kodak board member donated $116m in company shares to an Orthodox Jewish congregation just before the stock...
12 Elo 202010min
Uber and Lyft told to reclassify drivers, Goldman vs Fed, Sweden’s pandemic
A judge in California has ordered Uber and Lyft to reclassify their drivers as employees, and the Federal Reserve has turned down Goldman Sachs’ request for less onerous treatment after the results of...
11 Elo 202010min
Deals resurgence, aid to Beirut, internal pushback at Nike
A series of blockbuster deals has led a resurgence in M&A activity since the start of July, and international donors agreed to fund €250m in emergency aid for Beirut after a chemical explosion devasta...
10 Elo 202010min
Uber Eats fails to offset ride-sharing collapse, Quicken Loans IPO, Microsoft bids for all of TikTok
A surge in Uber’s food delivery business was unable to offset a 75 per cent drop in global ride-sharing, Quicken Loans stock jumped 20 per cent in its first day of trading on Thursday, and an FT analy...
7 Elo 20209min
US lawmakers probe loan to Kodak, Zynga earnings, Biden spending
US lawmakers have launched an investigation into a $765m loan by the US government to Eastman Kodak, and two companies, Zynga and Etsy, reported strong quarterly earnings amid the pandemic. Plus, the ...
6 Elo 20209min
Beirut explosion, ETF gold spree, UK tax authority takes on General Electric
Dozens are dead and thousands injured after an explosion rocked Beirut, an income hit at Disney’s theme park has caused a knock on the company’s profits in the latest quarter, and an exchange traded f...
5 Elo 20208min
Trump reverses on TikTok, WTO candidates on judicial system, oil earnings
US President Donald Trump reversed course and dropped his opposition to Microsoft’s bid for TikTok, two leading candidates to head the World Trade Organization say US legal criticisms over dispute res...
4 Elo 20208min
