Global News Network: November 2020

Monday, 30 November 2020

McCormick nears deal to buy hot-sauce maker Cholula: WSJ

McCormick & Co. is nearing a deal to buy hot-sauce maker Cholula, according to people familiar with the matter, seeking to capitalize on demand for spicy condiments."McCormick nears deal to buy hot-sauce maker Cholula: WSJ" via FOX BIZ https://ift.tt/3mpqvxX

All those used delivery boxes are a hot commodity

Now, U.S. paper and cardboard mills are figuring out how to turn that trash into new toilet paper, coffee cups, paper towels and cardboard boxes. And they have more material to work with as people order more food and packages to their homes during the coronavirus."All those used delivery boxes are a hot commodity" via FOX BIZ https://ift.tt/3lrI9zE

Three detained in Germany over $1B jewel heist

The treasures of the Green Vault survived Allied bombing raids in World War Two"Three detained in Germany over $1B jewel heist" via FOX BIZ https://ift.tt/3lqnFY9

Army Corps of Engineers considers if potential environmental impacts require it to change, suspend or revoke permit for Louisiana plastics complex: DOJ

"Army Corps of Engineers considers if potential environmental impacts require it to change, suspend or revoke permit for Louisiana plastics complex: DOJ" via FOX BIZ https://ift.tt/3jZpn1Y

How COVID-safe is dining in a restaurant's outdoor tent?

As restaurants gear up to extend outdoor dining in colder parts of the country, many are seating guests in enclosed and sometimes heated structures. But when it comes to virus transmission, is eating in covered outdoor setups less risky than inside?"How COVID-safe is dining in a restaurant's outdoor tent?" via FOX BIZ https://ift.tt/2HDSKtA

Blackstone Group to buy Simply Self Storage in deal worth $1.2B: WSJ

"Blackstone Group to buy Simply Self Storage in deal worth $1.2B: WSJ" via FOX BIZ https://ift.tt/3oozKjf

‘Jackpot fatigue’ cutting lottery ticket sales, shrinking prize amounts

Recent changes will make it tougher for prize pools to grow to larger-than-life amounts."‘Jackpot fatigue’ cutting lottery ticket sales, shrinking prize amounts" via FOX BIZ https://ift.tt/3m5UhqV

Peloton pedal recall

High tech connected bike giant Peloton, which has become a favorite stock and product during the coronavirus pandemic, are going through a major recall after 27,000 pedals on their bikes are defected causing them to break off at the axle leaving potential injuries for users, according to a blog post on their website."Peloton pedal recall" via FOX BIZ https://ift.tt/3o5wvgC

Polaris teaming with Zero Motorcycles on electric snowmobiles and off-road vehicles

Powersports giant to buy batteries and motors from California-based motorcycle company."Polaris teaming with Zero Motorcycles on electric snowmobiles and off-road vehicles" via FOX BIZ https://ift.tt/3kY69uA

Monat shampoo products cause hair loss, balding, hundreds of consumers claim

Monat customers continue to accuse company of selling products that result in hair loss, balding."Monat shampoo products cause hair loss, balding, hundreds of consumers claim" via FOX BIZ https://ift.tt/36rP8Fd

Oil prices down Tuesday amid concerns over mounting supply after top producers delayed talks on 2021 output policy

Oil prices slipped on Tuesday amid concerns over mounting supply after leading producers delayed talks on 2021 output policy that could extend production cuts as the coronavirus pandemic continues to sap fuel demand."Oil prices down Tuesday amid concerns over mounting supply after top producers delayed talks on 2021 output policy" via FOX BIZ https://ift.tt/3ljEsfq

Zoom's pandemic-fueled boom continues

Zoom's quarterly results are solid but they've come with a price."Zoom's pandemic-fueled boom continues" via FOX BIZ https://ift.tt/2VkqL5j

Tesla's S&P 500 addition will go like this after investor feedback

Elon Musk's Tesla may make history when it enters the S&P 500 Index in December."Tesla's S&P 500 addition will go like this after investor feedback" via FOX BIZ https://ift.tt/36op7WP

Georgia runoffs, coronavirus lockdowns put stock market's record run in peril

An uncertain 2020 election outcome and a resurgence in COVID-19 infections have the potential to derail the stock market’s record run, according to Morgan Stanley."Georgia runoffs, coronavirus lockdowns put stock market's record run in peril" via FOX BIZ https://ift.tt/3odPKn8

Dow books best month since 1987

U.S. stocks clocked a stellar November despite Monday's selling."Dow books best month since 1987" via FOX BIZ https://ift.tt/37lu41V

Fewer Americans sign contracts to buy homes in October

Thanks to a red-hot summer, contract signings are still 20.2% ahead of where they were last year."Fewer Americans sign contracts to buy homes in October" via FOX BIZ https://ift.tt/3o3TxDA

Two coronavirus vaccines available in US in coming weeks: health secretary

The first two vaccines against the novel coronavirus could be available to Americans before Christmas, Health Secretary Alex Azar said on Monday, after Moderna Inc became the second vaccine maker likely to receive U.S. emergency authorization."Two coronavirus vaccines available in US in coming weeks: health secretary" via FOX BIZ https://ift.tt/3llWIEP

JetBlue warns of higher cash burn as coronavirus rages

The New York-based airline expects fourth-quarter flight capacity to decline as much as 50% versus last year, worse than its prior forecast of at most a 45% drop."JetBlue warns of higher cash burn as coronavirus rages" via FOX BIZ https://ift.tt/3fPOkMV

Cloud wars heat up as Salesforce zeros in on Slack

The battle for control of the cloud-based communication, increasingly critical as more Americans work remotely, is heating up amid reports Salesforce.com is in advanced talks to buy workspace messaging platform Slack Technologies."Cloud wars heat up as Salesforce zeros in on Slack" via FOX BIZ https://ift.tt/37pFFgn

Biden picks Yellen for Treasury secretary, Democratic operative Tanden for OMB director

President-elect Joe Biden on Monday formally announced former Federal Reserve Chair Janet Yellen as his pick for Treasury secretary."Biden picks Yellen for Treasury secretary, Democratic operative Tanden for OMB director" via FOX BIZ https://ift.tt/3obHEvy