Weekly Download - June 29
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.
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 (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 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.
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.
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.