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By in Business on September 14, 2020
BUSINESS • Today
UK inflation rises after Eat Out to Help Out ends
October 21, 2020
The inflation rate increased to 0.5% in September after the discount meals scheme ended, figures show.
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Financial News
Lockheed Martin Plans to Deliver New Presidential Helicopter Next Year
October 21, 2020
The world’s largest defense company said it expects to deliver the first new presidential helicopter next year as part of a $5 billion refresh of the White House fleet, part of a modest rise in military spending that the company anticipates in coming years.
Snapchat Nears 250 Million Daily Users as Advertisers Lift Spending
October 21, 2020
Snap Chief Executive Evan Spiegel said he was pleased with the company’s growth and will continue long-term investments on things including augmented reality for its app.
GMC's All-Electric Hummer Pickup Highlights GM's New Strategy on EVs
October 21, 2020
The company is shifting its strategy to attract customers who have deep pockets and want to be seen riding in style.
Apollo Board Panel to Review Leon Black Ties With Jeffrey Epstein
October 21, 2020
The law firm Dechert is selected to examine the business dealings between the private-equity firm’s CEO and the disgraced financier.
DOJ Files Google Antitrust Lawsuit
October 21, 2020
The Justice Department lawsuit marks the most aggressive U.S. legal challenge to a company’s dominance in the tech sector in more than two decades, with the potential to shake up Silicon Valley and beyond.
Pioneer Natural Resources to Buy Parsley Energy for $4.5 Billion
October 20, 2020
The deal is the latest in a series of combinations in the U.S. shale-oil patch, which has been hard hit by the pandemic.
Coronavirus Stimulus Talks to Continue
October 20, 2020
White House and Democratic negotiators said they would press ahead with efforts to reach a sweeping coronavirus relief deal after making progress Tuesday.
At These Prices, Procter Is a Gamble
October 20, 2020
P&G pleased investors with strong coronavirus-enhanced results, but its valuation holds up only if consumer changes prove permanent.
Goldman to Pay $2.8 Billion, Admit Wrongdoing to Settle 1MDB Charges
October 20, 2020
Goldman Sachs Group will pay about $2.8 billion and admit wrongdoing to end a bribery probe that stretched from Southeast Asia to Hollywood and reinforced a reputation for scandal that the Wall Street firm has spent years trying to shed.