Washington Redskins To Conduct “Thorough Review” Of Team Name Amid Increasing Pressure From Sponsors

The Washington Redskins are taking a hard look at their team name amid increasing pressure from major sponsors, Native American groups and others. “In light of recent events around our country and feedback from our community, the Washington Redskins are announcing the team will undergo a thorough review of the team’s name,” the team said in a statement posted on […]

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From warehouses to office space, real-estate markets are being turned upside down. These are the winners and losers.

Offices, hotels, and malls were emptied by the coronavirus. While some are reopening, the disruption has created a new normal.  Big firms are rethinking office needs — and some commercial real-estate deals are being put on ice. A surge in e-commerce, meanwhile, is fueling demand for warehouse space from companies like Amazon.  Click here for more BI Prime stories. The […]

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Steinhoff Likely Near to Settling $11 Billion in Legal Claims

Steinhoff International Holdings NV is getting close to reaching a potential deal on 10 billion euros ($11 billion) of legal claims lodged against the global retailer following an accounting scandal that almost wiped out the company, according to two people with knowledge of the matter. South African claimants — including former chairman Christo Wiese whose suit amounts to 59 billion […]

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Trump administration calls for masks throughout air travel, other guidelines for Covid-19 era

The guidelines include notifying passengers about mask requirements and collecting passenger contact information. Airlines are grappling with how to keep travelers and crews safe in the coronavirus pandemic. The federal guidelines also recommended masks be worn by all onboard but stopped short of requiring social distancing on flights. The Trump administration on Thursday said air travelers should wear face coverings […]

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America's second offshore wind farm completes construction

The U.S. offshore wind sector is still in the early stages of development. It has some way to go before it catches up with other parts of the world, such as Europe.  Construction work on the second offshore wind farm in the U.S. has been completed, with its two turbines installed and plans for a much larger project continuing to […]

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Cottage Town Bedroom Furniture Collection Recalled For Lead Concerns

Avalon Furniture is recalling about 9,500 units of Cottage Town Bedroom Furniture collection sold through Rooms To Go due to violation of federal lead paint ban, the U.S. Consumer Product Safety Commission said in a statement. According to the agency, the base coat paint used on pieces within the furniture collection contains levels of lead that exceed the federal lead […]

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EU diplomats say they barely considered letting Americans in for Europe's reopening: 'The US was never going to make it'

The US was left off the European Union's list of countries allowed to enter the bloc when it reopened borders on Wednesday. Three EU diplomats told NBC News on Thursday that US coronavirus cases were too high for Americans to be considered for the initial reopening.  A total of 15 countries made the cut. It includes China, where the pandemic started.  […]

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‘Capital markets are not free’: Billionaire investor Ray Dalio says the Fed is boosting asset prices, valuation metrics don’t apply, and the US dollar is at risk

Billionaire hedge-fund manager Ray Dalio said the Federal Reserve is boosting markets, conventional valuation metrics don’t apply anymore, and the US dollar could lose its appeal in a Bloomberg interview on Thursday. “The capital markets are not free markets allocating resources in the traditional ways,” the Bridgewater Associates co-chief said. Dalio also predicted that central banks’ balance sheets will “explode,” […]

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YouTube Slammed by Grammy Winner for Not Protecting Copyrights

An Grammy-award winning composer sued YouTube for failing to protect her and other “ordinary creators” from unauthorized copying and use of their work on the giant video-sharing platform. Maria Schneider, who has won five Grammy Awards, most recently in 2015 in the category of Best Large Jazz Ensemble Album, says YouTube’s system for policing copyright infringement protects the “behemoths of […]

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