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August 10, 2020
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Cleveland Scene

Dan Gilbert LLC Just Bought Two Mansions in Palm Beach For More than $40 Million

ClevelandScene
An LLC linked to Cavs owner Dan Gilbert just purchased the 11,000-square-foot Palm Beach mansion featured in the video above for $24.5 million. The listed address of the buyer, “Golden Crate LLC,” is that of Quicken Loans, in Detroit. A Florida real estate blog reported that a document filed with the......
CNBC Business

Buffett buys back a record $5.1 billion in Berkshire stock as operating earnings take a big hit

CNBC
CNBC – For more and to sign up click here Warren Buffett Gerard Miller | CNBC Berkshire Hathaway announced on Saturday it bought back a record amount of its own stock during the second quarter as the coronavirus pandemic dented operations for Warren Buffett’s conglomerate.  The company said it repurchased a total......
CNBC Business

U.S. Postal Service loses $2.2 billion in 3 months as virus woes persist

CNBC
CNBC – For more and to sign up click here U.S. postal workers load their trucks with mail for delivery from their postal station in Carlsbad, California. Mike Blake | Reuters The U.S. Postal Service says it lost $2.2 billion in the three months that ended in June as the......
CNBC Business

Canada to impose tariffs on $2.7 billion in U.S. goods after Trump reignites trade feud

CNBC
CNBC – For more and to sign up click here Canada’s Deputy Prime Minister Chrystia Freeland attends a news conference as efforts continue to help slow the spread of coronavirus disease (COVID-19) in Ottawa, Ontario, Canada March 23, 2020. Blair Gable | Reuters Canada said Friday it will slap retaliatory......
Cleveland Scene

Dan Gilbert’s Fortune Explodes to $34 Billion, Impoverished Region Still Paying for Arena Upgrades

ClevelandScene
click to enlarge Dan Gilbert’s personal fortune ballooned to roughly $34 billion Thursday, after his mortgage empire was put on the New York Stock Exchange. Gilbert owns fully 73 percent of the Rocket Cos. under which Quicken Loans is housed, and after his bountiul initial public offering, he is now......
CNBC Business

Sen. Sanders proposes one-time tax that would cost Bezos $42.8 billion, Musk $27.5 billion

CNBC
CNBC – For more and to sign up click here Sanders’ billionaire tax bill would cost Bezos, Musk, Zuckerberg SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
CNBC Business

Quicken Loans parent sells shares in IPO below target to raise $1.8 billion

CNBC
CNBC – For more and to sign up click here Rocket Companies, the parent of U.S. mortgage lender Quicken Loans, said its initial public offering (IPO) was priced at $18 per share on Wednesday, below a target range, and that it sold fewer shares than planned. Rocket sold 100 million......
CNBC Business

Bezos sells more than $3 billion in Amazon shares

CNBC
CNBC – For more and to sign up click here Amazon Founder and CEO Jeff Bezos speaks to the media on the company’s sustainability efforts in Washington on September 19, 2019. Eric Baradat | AFP | Getty Images Amazon CEO Jeff Bezos this week has sold more than $3.1 billion......
CNBC Business

How Livongo and Teladoc closed an $18.5 billion deal during a pandemic

CNBC
CNBC – For more and to sign up click here Livongo’s founder and early investor on route to the meeting in Dallas. Source: Hemant Teneja The merger of Livongo and Teladoc, two of the largest publicly traded companies in digital health, came together in less than three months and played out......
CNBC Business

Teladoc and Livongo merge into $37 billion remote-health company as coronavirus keeps patients home

CNBC
CNBC – For more and to sign up click here Teladoc acquires Livongo, creates $37 billion health-tech company SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
CNBC Business

Trump says he’s in favor of plan to give $25 billion more to struggling airline industry

CNBC
CNBC – For more and to sign up click here U.S. President Donald Trump holds a coronavirus disease (COVID-19) pandemic briefing in the Brady Press Briefing Room of the White House in Washington, August 5, 2020. Joshua Roberts | Reuters President Donald Trump on Wednesday expressed support for a plan......
CNBC Business

Airline stocks soar after GOP senators push for $25 billion in additional industry aid

CNBC
CNBC – For more and to sign up click here Coronavirus: Airline stocks soar after GOP senators push for $25 billion in additional industry aid SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
CBS US News

Disney lost $4.7 billion in third quarter as coronavirus closed attractions

CBS News
CBS News – For more and to sign up click here Earnings at the Magic Kingdom are dropping faster than a sinking log flume. The Walt Disney Co. on Tuesday reported a fiscal third-quarter loss of $4.7 billion, after reporting a profit in the year-ago period. The company posted revenue......
CNBC Business

Japan’s Seven & i seals $21 billion deal for Marathon Petroleum’s Speedway gas stations

CNBC
CNBC – For more and to sign up click here The Japanese owner of 7-Eleven convenience stores has agreed to buy Marathon Petroleum’s Speedway gas stations for $21 billion, brushing aside coronavirus concerns to return to the table five months after initially balking at the deal. The acquisition is one......
CNBC Business

Coronavirus live updates: U.S. cases jump by 67,000; Sanofi, GSK nab $2.1 billion in vaccine deal

CNBC
CNBC – For more and to sign up click here A coronavirus relief agreement in Congress remained in doubt early Friday, just as extended unemployment benefits are set to end and new economic data showed a U.S. economy buckling under the pandemic’s weight. The Commerce Department said gross domestic product......
CNBC Business

Chevron shares fall after oil giant reports an $8.3 billion loss for second quarter

CNBC
CNBC – For more and to sign up click here Chevron reported an $8.3 billion loss in the second quarter as the coronavirus pandemic “significantly reduced demand.” Amid a historic drop in oil prices, the company’s average price per barrel of oil and natural gas liquids fell more than 60%......
New York Times - World

Coronavirus Live Updates: Drugmakers Win $2.1 Billion Vaccine Deal With U.S.

New York Times
New York Times – For more and to sign up click here A stark lack of testing in many African countries has kept officials from being able to track the pandemic, prompting fears that a recent surge in cases across the continent may be just the “tip of the iceberg,”......
CNBC Business

Amazon will invest over $10 billion in its satellite internet network after receiving FCC authorization

CNBC
CNBC – For more and to sign up click here FCC authorizes Amazon to build Kuiper satellite internet network SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
CNBC Business

House passes set of bills that give child care industry a more than $60 billion bailout

CNBC
CNBC – For more and to sign up click here House passes over $60 billion bailout for child care industry Source – Click here for more To Return to the Main Aggregate News Page – click here...

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