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CNBC BusinessJul 13, 2020
California closes indoor restaurants, movie theaters and all bars statewide as coronavirus cases rise
California Gov. Gavin Newsom on Monday ordered all counties in the state to close all bar operations and the indoor operations of businesses including restaurants, movie theaters and museums, as Covid-19 cases continue to climb.

Google Business NewsJul 13, 2020
Dow Jones Futures: What To Do After Coronavirus Stock Market Rally, Tesla Reverse Lower; JPMorgan Earnings Due - Investor's Business Daily
Dow Jones Futures: What To Do After Coronavirus Stock Market Rally, Tesla Reverse Lower; JPMorgan Earnings Due  Investor's Business DailyS&P 500 and Nasdaq end lower after sharp drop in tech titans  Reuters UKStocks surrender gains after California rolls back coronavirus reopenings  Fox BusinessDow surges then fizzles after stocks briefly turn positive for 2020  CNNS&P 500 and Nasdaq end lower after sharp drop in tech titans  Kitco NEWS

CNBC BusinessJul 13, 2020
Ford unveils new Bronco as off-road, open-air Jeep rival for under $30,000
Ford is squarely positioning the new Bronco SUV against the Jeep Wrangler, which dominates off-road vehicle sales and supports a profitable accessory business for Fiat Chrysler.

MarketWatchJul 13, 2020
NewsWatch: Nasdaq, S&P 500 end lower as coronavirus cases rise and tech stock fall, erasing rally sparked by renewed vaccine hopes
Stocks closed mostly lower Monday, with the Dow booking a modest gain, after technology stocks fell and rising coronavirus cases led California's governor to order businesses across the state to shutter once again.

NYTimes BusinessJul 13, 2020
‘I Can't Keep Doing This:' Small-Business Owners Are Giving Up
More owners are permanently shutting their doors after new lockdown orders, realizing that there may be no end in sight to the crisis.

MarketWatch MarketPulseJul 13, 2020
Mohawk Industries accused of fabricating sales, other violations; stock falls 8%
Shares of Mohawk Industries Inc. fell more than 8% in the extended session Monday after the maker of carpets and other floor covering products said it is being sued for federal securities law violations and it is under a SEC investigation for those alleged violations. Debt ratings Moody's Investors Service added to the company's woes by calling the allegations, which include claims that the company fabricated sales figures, "credit negative and suggest aggressive business practices and potential corporate governance weaknesses." For the time being, however, Moody's kept its investment-grade Baa1 ratings on Mohawk's debt "because the company has good liquidity bolstered by recent debt offerings and the allegations will take time to litigate," Moody's said. Mohawk intends to "vigorously defend itself" in the lawsuit, it said in a filing Monday. A complaint was filed on June 29 against the company and Chief Executive Jeff Lorberbaum, Mohawk said. It alleges that the company fabricated revenue by attempting delivery to customers that were closed and recognizing these attempts as sales, that it overproduced goods to report higher operating margins and maintained "significant" inventory that it knew it couldn't sell, and valued some inventory improperly or improperly delivered inventory knowing that it was defective and customers would return it, the company said in the filing. Mohawk said that on June 25 it received subpoenas from the U.S. Attorney's Office for the Northern District of Georgia and the SEC "on topics similar to those raised" by the complaint. The company is cooperating with those authorities, it said in the filing. Shares of Mohawk ended the regular trading day up 8.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchJul 13, 2020
Market Snapshot: Nasdaq, S&P 500 end lower as coronavirus cases rise and tech stock fall, erasing rally sparked by renewed vaccine hopes
Stocks closed mostly lower Monday, with the Dow booking a modest gain, after technology stocks fell and rising coronavirus cases led California's governor to order businesses across the state to shutter once again.

Knowledge@WhartonMar 12, 2020
The Real Threat to Business Schools from Artificial Intelligence
As COVID 19, the new coronavirus, accelerates the drive toward online learning, how will business schools remain relevant in the age of AI? Anne Trumbore, senior director of Wharton Online, offers her perspective.
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