Bhinneka News Online: July 2020

Friday 31 July 2020

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The Profit in 10 YOUTUBE EXCLUSIVE

The Profit in 10 Minutes: The Lano Company

A small cosmetics company is struggling to stay in business after the owners get too wrapped up in developing new products. The company itself has major potential, but these new products aren't profitable – and it's a waste of time and money. If Marcus can't help the owners stay focused and follow his process, there's a good chance this company may have to close its doors forever.

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Apple tops Saudi Aramco as most valuable publicly listed company

Reuters.com Newsletter

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Apple tops Saudi Aramco as most valuable publicly listed company

Apple Inc's surged over 10% to a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker eclipse Saudi Aramco to become the world's most valuable publicly listed company.

Facebook raises settlement to $650 million in facial recognition lawsuit

Facebook Inc raised its settlement offer by $100 million to $650 million related to a lawsuit that claimed it illegally collected and stored biometric data for millions of users without their consent, the company said on Friday.

Aeromexico says plan to restructure stock certificates approved

Mexican airline Aeromexico said Friday that a proposal for restructuring stock certificates was approved in general terms under conditions it put forward at meeting of holders.

U.S. closes antitrust probe into London Stock Exchange Group acquisition of Refinitiv

The U.S. Justice Department has closed its antitrust investigation into the London Stock Exchange Group's acquisition of financial markets data firm Refinitiv, saying it would not harm competition or American consumers, the bureau said in a statement on Friday.

Chevron posts $8.3 billion loss on writedowns, job cuts

Chevron Corp on Friday reported an $8.3 billion quarterly loss, its largest in at least three decades, and joined rival oil producers in writing down billions of dollars in assets due to plunging demand for fuel.

BA owner IAG to raise $3.3 billion to ride out COVID crisis

British Airways owner IAG plans to raise 2.75 billion euros ($3.27 billion) from shareholders to repair the coronavirus-sized hole in its finances and brace for a more chaotic future.

Exxon posts second straight quarterly loss on demand, price plunge

Exxon Mobil Corp on Friday reported a $1.1 billion second-quarter loss on sharply lower energy demand and prices from the COVID-19 pandemic, and confirmed plans to make deeper spending cuts.

Nasdaq surges on megacap earnings but U.S. fiscal uncertainty nags

The Nasdaq jumped more than 1% on Friday, powered by strong earnings from some of the largest U.S. companies, but the Dow and S&P finished with smaller gains as uncertainty about the government's next round of coronavirus aid kept economic worries on the radar.

Global stocks fall, safe-havens gain as macro picture clouds tech shine

Global stock markets fell on Friday as doubts about the economic recovery from the coronavirus pandemic overshadowed strong earnings from U.S. technology firms, while the dollar rose but was still set for its worst month in a decade.

U.S. airlines making push for new round of payroll assistance

Major U.S. airlines are pressing U.S. lawmakers for a six-month extension of the $32 billion U.S. payroll support program for airlines, airports and contractors set to expire in September, warning that some flights may disappear otherwise and more jobs are at risk.

Air Canada weighs order cancellations, blames travel restrictions, after second-quarter loss

Air Canada said on Friday it would weigh possible cancellations of aircraft orders from Boeing and Airbus after COVID-19 crippled air travel and pushed the carrier into a second-quarter loss.