June 29, 2020
Microsoft is Permanently Closing its Retail Stores
Microsoft (Tii:MFST) on Friday announced it will permanently close its Microsoft Store retail locations. It will instead focus on its online store at Microsoft.com, where customers can go for support, sales, training and more.
U.S. Supreme Court Rejects Challenge to White House Steel Tariffs
The U.S. Supreme Court on Monday turned away a challenge to President Donald Trump’s tariffs on imported steel brought by an industry group that had argued that a key part of the law under which he imposed the duties violates the U.S. Constitution.
Amazon Buys Self-driving Technology Company Zoox
Amazon (Tii:AMZN) has just taken its boldest step yet into self-driving vehicles, acquiring six-year-old start-up Zoox, the company announced last Friday.
Bayer to Pay Up to $10.9 Billion to Settle Lawsuits Over Roundup Weedkiller
Bayer AG (Tii:BAYRY) said Wednesday it would pay up to $10.9 billion to settle tens of thousands of lawsuits with U.S. plaintiffs alleging the company’s Roundup herbicide causes cancer, a milestone in the German company’s legal battle that has been weighing down its share price for nearly two years.
Stocks Turn Positive After Bank Regulators Ease Volcker Rule
The stock market on Thursday initially took a hit from disappointing unemployment data and a rising number of coronavirus cases, but rebounded after U.S. regulators said they would ease post-financial crisis restrictions on big banks. J.P. Morgan (Tii:JPM) rose as much as 2% during intraday trading.
The 2021 Ford F-150 Aims to Double as a Rolling Office
Ford Motor Co. (Tii:F) is turning its most important vehicle—the F-150—into a rolling workstation, a bet that today’s pickup truck buyers crave technology and creature comforts as much as brawn.
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