Monday, August 10, 2020

McDonald's is suing its ousted CEO for lying about sexual relationships with employees

Ousted McDonald's CEO Steve Easterbrook lied to the board about the extent of his relationships with employees, the company alleged in a new lawsuit. He misled investigators about engaging in physical sexual relationships with three employees in the year before his ouster, according to the documents.
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McDonald's is suing its ousted CEO for lying about sexual relationships with employees
Ousted McDonald's CEO Steve Easterbrook lied to the board about the extent of his relationships with employees, the company alleged in a new lawsuit. He misled investigators about engaging in physical sexual relationships with three employees in the year before his ouster, according to the documents. Read more »
 
Barry Diller's IAC rolls dice with $1 billion stake in casino giant MGM
IAC recently spun off its stake in Tinder-owner Match. But the company apparently has its sights set on people taking a different kind of gamble: It has bought a nearly $1 billion stake in MGM Resorts. Read more »
 
Twitter's rumored interest in buying TikTok sparks stock rally
Twitter shares rose as much as 5% Monday after it reportedly held preliminary talks with TikTok, the troubled Chinese-owned social media app that the Trump administration wants to ban. Read more »
 
Amazon could be moving into your local mall
Amazon may replace closed department stores at struggling malls. Read more »
 
Foot Locker is booming as people spend their stimulus on sneakers
Consumers have more money in their pockets thanks to government stimulus checks — and apparently many are using it at malls and online to buy new sneakers, which is good news for Foot Locker. Read more »
 
Kodak stock dives 40% after $765 million loan is put on hold
Kodak stock plunged 40% in premarket trading Monday after a $765 million loan from the US government to help make drug ingredients was put on hold, as regulators are reportedly looking into allegations of insider trading. Read more »
 
 
 
 
Dow Nasdaq S&P
+357.96   -42.63   +9.19
27,791.44   10,968.36   3,360.47
+1.30%   -0.39%   +0.27%
YTD -2.62%   YTD +22.24%   YTD +4.01%
 
Biggest Winners
MGM Resorts International +13.77%
 
Royal Caribbean Cruises Ltd +10.00%
 
FedEx Corp +8.96%
 
Carnival Corp +8.58%
Biggest Losers
Tyler Technologies Inc -5.75%
 
Arista Networks Inc -3.61%
 
Bio Rad Laboratories Inc -3.28%
 
Quest Diagnostics Inc -3.17%
Hottest ETF
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NYSE Market Volume
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Key Market Stats Latest Today's Change
Oil $42.00 +0.06 / +0.14%
Gold $2,036.00 -3.70 / -0.18%
10-yr 0.57% +0.01
Euro $1.17 -0.00 / -0.36%
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