Monthly Archive: August 2020

United Airlines is permanently eliminating change fees on U.S. plane tickets

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Portland mayor urges restraint, renunciation of violence after fatal shooting By Reuters

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© Reuters. FILE PHOTO: Protest against racial inequality in Portland

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By Steve Gorman and Maria Caspani

(Reuters) – Officials in Portland, Oregon, said on Sunday they were braced for an escalation of protest-related violence that has convulsed the city for three months, citing social media posts vowing revenge for a fatal shooting amid weekend street clashes between supporters of President Donald Trump and counterdemonstrators.

“For those of you saying on Twitter this morning that you plan to come to Portland to seek retribution, I’m calling on you to stay away,” Mayor Ted Wheeler told an afternoon news conference, urging individuals of all political persuasions to join in renouncing violence.

He also lashed out at Trump for political rhetoric that he said “encouraged division and stoked violence,” and brushed aside a flurry of weekend Twitter posts from the president criticizing Wheeler and urging the mayor to request help from

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Buy or pass? The pros and cons of investing in 9 upcoming tech IPOs from Palantir to Asana

No tech company from California’s famed startup basin, Silicon Valley, has gone public since last year. That could be because some high-profile 2019 Silicon Valley IPOs like Uber and Lyft flopped. But investors have short memories, and this week a half-dozen startups from the Valley filed to go public. About another half-dozen tech startups from other regions also announced their IPO plans this week.

Here are some key statistics and pros and cons investors may want to weigh vis-à-vis Palantir, Asana, Snowflake, and the rest of the upcoming class of late 2020 tech IPOs. Each company’s description includes a link to its S-1 filing. All financial data is from 2019 unless otherwise indicated.

Palantir Technologies

Symbol: PLTR
2019 revenue: $743 million
Revenue growth: 25%
Gross margin: 67%
Net loss: $580 million

Founded in 2003, Palantir created software to help defense and intelligence analysts sort through massive amounts of information … Read More

Unstoppable Djokovic downs Raonic to clinch Western & Southern Open title By Reuters

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© Reuters. Tennis: Western & Southern Open

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By Amy Tennery

NEW YORK (Reuters) – Novak Djokovic kept his unbeaten streak in 2020 alive as he survived a terrible start to defeat Milos Raonic 1-6 6-3 6-4 in the final of the Western & Southern Open on Saturday.

The 17-time Grand Slam winner fended off Raonic’s mighty serve to extend his 2020 winning run to 23-0, clinching his 80th career title and equalling Rafael Nadal’s record of 35 Masters 1000 wins.

Battling through a neck injury, Djokovic struggled early in the match as he produced four double faults in the first set. Raonic took advantage of the world number one’s misfiring serve to close out the set in just 30 minutes.

“Was a bit slow at the beginning, but I thought I did well, considering the form that Milos is in,” the 33-year-old Serbian told reporters.

“He’s serving rockets

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Biden campaign trolls Trump by snatching ‘Keep America Great’ website

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In its latest bid to get under the skin of President Donald Trump, the campaign of Democratic hopeful Joe Biden has purchased the web domain name of Trump’s sometime re-election slogan “Keep America Great.”

This means that anyone who visits keepamericagreat.com will not encounter cheery slogans and red hat merchandise, but instead a decidedly darker message.

The site operated by the Biden campaign features a “Promises Broken” slogan, and lists a variety of issues on which the President has allegedly failed to deliver. The top of the site features the following unflattering image:

A spokesperson for the Trump campaign told Politico, which first reported the story, “You can buy all the domain names you want, but Joe Biden can’t ever buy a way out of his … Read More

Activist lawyer Wolosky sues Williams Cos over poison pill By Reuters

© Reuters. The boardroom is seen during the grand opening and media preview of the new Apple Carnegie Library store in Washington

By Svea Herbst-Bayliss

BOSTON (Reuters) – Lawyer Steve Wolosky usually helps activist investors like Starboard Value take on corporate America. Now he is taking center stage himself, wading into a governance fight over a tool that limits how much stock unwanted investors can buy.

Wolosky is suing Williams Cos (N:) five months after the energy company adopted a so-called poison pill, a takeover defense tool designed nearly 40 years ago to keep hostile bidders and activist investors at bay.

Wolosky filed the proposed class action suit in Delaware Chancery Court this week not on behalf of a client but as the plaintiff himself to force Williams to eliminate “an extremely aggressive overreach of corporate power.”

Williams, like dozens of other companies, raced to adopt poison pills as protective

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