Fed Survey: Household Finances Improve, Uncertainty Remains
Overall, at least 77% of adults said they were at least “doing OK” in July, up from 72% in April.
Microsoft to Buy Gaming Studio ZeniMax for $7.5B
The deal comes as the tech giant is set to launch its latest Xbox.
Ericsson Buys Cradlepoint for $1.1B
The acquisition of the U.S. wireless networking company helps Ericsson grow its 5G network.
MetLife to Buy Versant Health
The deal would make it the third-largest vision insurer in the country.
U.S. Tariffs Violated WTO Rules, Panel Finds
The WTO sided with a complaint from China over tariffs imposed on about $234 billion in goods in 2018.
Opendoor to Go Public Through SPAC Merger
The merger with Social Capital Hedosophia Holdings II values the company at $4.8 billion.
New York Sports Club Owner Files for Chapter 11
Gym owner Town Sports warned a filing was imminent as it tried to strike a refinancing deal with lenders.
Smithfield Fined for Failing to Protect Workers from COVID-19
Nearly 1,300 Smithfield workers contracted coronavirus, and four employees died from the virus in the spring.
JC Penney Reaches Deal to Avoid Liquidation
Brookfield and Simon Property would acquire assets through a court-supervised sale.
LVMH Breaks Off Tiffany Merger
The move prompted a lawsuit from the U.S. jeweler to keep the deal on track.