Companies

Jamie Dimon’s initial general public sighting considering that he underwent coronary heart surgical procedure 3 months back has resulted in a photograph of him kneeling at a regional Chase branch — sparking inquiries about irrespective of whether he was “taking a knee” in solidarity with popular racial justice protests. The 63-yr-old CEO of JPMorgan Chase underwent emergency heart medical procedures …

Private fairness organization Sycamore Companions is in preliminary talks to acquire JCPenney out of individual bankruptcy should the US office keep chain’s negotiations with its collectors fall short, 3 individuals familiar with the make a difference claimed on Friday. Shares of JCPenney jumped pretty much 55 p.c on the news. JCPenney, which employs around 85,000 people, filed for individual bankruptcy …

The Trump administration has ordered Marriott International to wind down resort operations in Communist-operate Cuba, a firm spokeswoman instructed Reuters, extinguishing what had been a image of the US-Cuban detente. Starwood Accommodations, now owned by Marriott, 4 years in the past became the initially US hotel firm to indication a offer with Cuba since the 1959 revolution in the mark …

Canadian plane and train maker Bombardier Inc said on Friday it would cut 2,500 jobs, or about 11 percent of the workforce at its aviation unit, as the coronavirus pandemic’s crushing impact on the air industry adds to its long list of problems. The aviation industry has been among the worst hit by the pandemic, which has dented travel demand …

Media magnate Barry Diller says his companies will end the “absurd” practice of giving earnings guidance to shareholders. The billionaire chairman of IAC and Expedia said firms are wasting the time they spend setting targets for their financial performance. The coronavirus pandemic has already led many companies to withdraw their guidance because of the economic uncertainty the crisis has created. …

It may be safer to rob a bank. Retailers across the country are increasing their defenses to protect against looting, including by hiring armed guards, planting scouts to monitor, and securing shop windows with barbed wire, The Post has learned. As The Post reported on June 2, the iconic Saks Fifth Avenue department store has fortified its New York City …

A federal judge on Thursday rejected Bernard Madoff’s request to be released from prison early because he was dying of kidney failure, saying the scammer still had no remorse for executing his epic Ponzi scheme. Circuit Judge Denny Chin, who sentenced Madoff to 150 years in prison in 2009, wrote that while Madoff’s poor health was “very unfortunate,” he should …

Hedge fund billionaire Ken Griffin has disbursed more than $ 100 million for a painting by Jean-Michel Basquiat, the late black artist whose works focused on race and inequality. The Citadel CEO, who last year paid $ 240 million for a penthouse in Central Park, bought the 1982 masterpiece “Boy and Dog in a Johnnypump” from New York socialite Peter …

Impossible Foods said Thursday it will sell plant-based meat patties in the US. USA Directly to consumers through their own website, as the demand for vegan alternatives increases amid rising meat prices due to the COVID-19 pandemic. The move is part of Impossible Foods’ drive to sell directly to consumers and expand its retail footprint this year, following growing demand …

Elon Musk’s Twitter break did not last long. Only three days after announcing he was “off Twitter for a while,Musk returned to the platform saying it is “time to break Amazon.” Tesla CEO’s outburst came in response to a tweet on Thursday from former New York Times reporter Alex Berenson, who complained that Amazon’s Kindle Direct Publishing service had refused …