From Car and Driver Audi has announced that a rear-wheel-drive variant of the R8 will be permanently added to its U.S. lineup. The rear-wheel-drive R8 will be offered with the same 5.2-liter V-10 engine seen in the R8 Quattro, and it’ll produce 532 horsepower and 398 lb-ft of torque. The […]
Business
Pence, cruise line CEOs talk about resumption of sailing in US
CLOSE Vice President Mike Pence on Friday joined cruise industry executives and the Centers for Disease Control director on a call to discuss COVID-19 and how the industry plans to approach the restart of operations, according to the White House. Their discussion on resumption included the 74 recommendations from the Healthy Sail Panel published […]
In Minneapolis, a parking dispute delays Chicago Avenue rebuilding project
One month after Minneapolis officials promised to make it easier for property owners to remove rubble and begin the post-riot rebuilding process, a city inspector slapped a “stop work” order on one of the first projects to move forward. The action in late September forced workers to stop hauling debris […]
Retail analysts urge consumers to keep calm in the weeks ahead
Retailers remain laser-focused on keeping their shelves stocked after getting caught flat-footed this spring by the outbreak of COVID-19. But concerns are mounting that consumers, fearful of a resurgence in the coronavirus and the potential for election unrest, may start stockpiling aggressively again. “The food/staples supply chain is very stable […]
How Strategic Sourcing Is Lighting the Way Through Crisis for Retailers
The past several months have been challenging for retail. From an 8.7 percent dip in sales in March, to the recent back-to-school shopping season experiencing reduced demand — the COVID-19 pandemic has rolled in setback after setback for retailers. Retailers have found a pillar of strength in procurement, with innovative strategic sourcing teams […]
Red Sox Owner in Talks to Take Sports Holdings Public
Boston Red Sox owner John Henry is in talks to join with an investment vehicle for an $8 billion deal that would take his famed sports holdings public, according to people familiar with the matter. The deal being discussed would merge Fenway Sports Group LLC, which also owns English soccer […]
Bryce Hall Accuses Thomas Petrou Of Stealing From Hype House, Latter Denies Allegations
TikTok star Thomas Petrou has slammed Bryce Hall after the latter accused him of stealing money from Hype House members. In an interview with Tom Ward on Oct. 8, Hall, who is a Sway House member, had accused Hype House co-founder Petrou of stealing money from his own content creators. […]
Bay Area’s chances for abundant winter rain appear slim
After an already dry year marked by unrelenting fires, the Bay Area might not be getting the rain relief it needs this winter. “The three-month outlook for January, February and March has most of California above normal for temperature but below normal for precipitation, and that would also include Marin […]
Tobacco commission grants can leave communities on the hook
RICHMOND, Va. — The executive director of a Virginia economic development commission bent rules to forgive a six-figure grant to a politically connected developer whose planned biofuel project didn’t pan out, documents obtained by The Associated Press show. The Tobacco Region Revitalization Commission’s Evan Feinman did not recoup $210,000 Chuck […]
Red Sox Owner to Take Fenway Sports Public Through Merger With RedBall: Source | Top News
(Reuters) – Boston Red Sox owner John Henry is in talks with RedBall Acquisition Corp to take his famed sports holding company Fenway Sports Group LLC public, a person familiar with the matter told Reuters late on Friday. The deal being discussed would merge Fenway Sports Group with RedBall Acquisition […]
Lower Your Tax Bill in Retirement With These Strategic Moves
Just as taxes can be a major burden during your working years, they can also wreak havoc on your finances during retirement. And that’s the last thing you want. If your goal is to pay less tax as a senior, you can accomplish it by doing these key things. 1. […]
RBI appeals to Supreme Court to allow NPA classification
MUMBAI (Reuters) – The Reserve Bank of India has appealed to the country’s top court to let banks classify loans as nonperforming, saying a ban imposed to help borrowers in the COVID-19 pandemic could greatly harm the nation’s financial system. FILE PHOTO: A security guard’s reflection is seen next to […]
Student debt woes shock some borrowers who banked on COVID-19 relief
When you know a tiny bit about something, you can walk around in a fog that throws your finances for a total loop. And so begins the story on coronavirus relief efforts and student loan debt. Increasingly, consumer advocates report hearing from student loan borrowers who haven’t paid a dime on their […]
ExxonMobil Loses $225 Billion In Market Cap Against Chevron
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NOVATO, CALIFORNIA – JULY 31: A sign is posted in front of a Chevron gas station on July 31, 2020 in … [+] Novato, California. Chevron Corp reported a $8.27 billion loss in second quarter earnings compared to $4.3 billion in revenues one year ago. (Photo by Justin Sullivan/Getty Images) […]
Egypt’s Sept inflation of 3.7% could trigger IMF consultation
FILE PHOTO: An Egyptian vegetable seller is seen at a market in Cairo, Egypt, December 10, 2018. REUTERS/Mohamed Abd El Ghany CAIRO (Reuters) – Egypt’s headline inflation came in at under 4% in September, potentially triggering consultations with the International Monetary Fund (IMF) that could lead to lower interest rates. […]
US weekly jobless claims remain high at 840,000
WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell slightly last week to a still-high 840,000, evidence that job cuts remain elevated seven months into the pandemic recession. The latest sign of a flagging recovery comes two days after President Donald Trump cut off talks over a new […]
These FTSE 100 Shares Are About To Update The Market. Should You Buy Them Today?
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SOPA Images/LightRocket via Getty Images These UK shares are set to release fresh financial details over the next couple of weeks. Is now the time to buy in? Or should you give them a very wide berth? Barclays Imminent third-quarter financials from FTSE 100 banking colossus Barclays are bound to […]
Alaska Bought Up Gilead, Lilly, and Wells Fargo Stock. Here’s What It Sold.
Text size Alaska’s Department of Revenue materially increased investments in Gilead Sciences and Eli Lilly stock in the third quarter. David Paul Morris/Bloomberg Alaska’s Department of Revenue made big changes in some of its biggest holdings in U.S.-traded equities. The state agency, which is charged with collecting and investing funds […]
Stocks climb again on Wall Street with hopes for stimulus
NEW YORK — Stocks rose for the second day in a row Thursday, reflecting hope on Wall Street that Washington can approve more aid for the economy and encouragement from a report that suggests the pace of layoffs is slowing a bit, even though it remains incredibly high. The S&P […]
Tollroad operator Transurban will sell stakes in its Northern Virginia express lanes
“The introduction of partners would allow us to pursue both current opportunities as well as those we expect to emerge not only in North America but also in Australia, while putting less pressure on our balance sheet and freeing up significant existing capital,” Charlton said at the company’s annual shareholders’ […]