Digital Sales Surge Fuels Nike Earnings Beat
“We know that digital is the new normal. The consumer today is digitally grounded and simply will not revert back."
GOP Senators Offer 6-Month Lifeline for Airlines
A new $28 billion relief package would avert layoffs of airline employees as the industry continues to struggle with the COVID pandemic.
S&P Index Manager Charged With Insider Trading
James Yang allegedly traded in options after he learned in advance that their issuers would be added to or removed from one of S&P Dow Jones' three indices.
Illumina Buys Cancer Test Startup Grail for $8B
The deal will move Illumina “deeper into the application of its gene-sequencing technology to the diagnosis and treatment of patients."
Judge Gives WeChat Reprieve From U.S. Shutdown
WeChat users who sued the Trump administration had “shown serious questions going to the merits of their First Amendment claim," the court said.
Deloitte Fined Record $19M Over Audit Failures
A U.K. investigation found the Big Four firm liable for “serious and serial failures” in its audits of software firm Autonomy.
Fraud Prevention Firm’s Ex-CEO Charged With Fraud
Adam Rogas, a co-founder of NS8, was "the proverbial fox guarding the henhouse," a prosecutor says in announcing his arrest.
OECD Revises Growth Forecast Upward for 2020
The group is now predicting a 4.5% contraction for this year, citing the swift recovery in output since coronavirus containment measures were eased.
Chinese Nationals Charged With Hacking Attacks
“The United States government is starting to turn the tide on Chinese intrusion operations on Western companies and targets."
Unity Software Raises Pricing for $1B IPO
In an unusual move, the company's upper management, rather than its investment bankers, will determine the actual price, using an online bidding system.
Kohl’s Cuts Corporate Jobs to Save $65 Million
The layoffs will “further align [Kohl’s] cost base in response to the business impact resulting from the COVID-19 pandemic."