Report: US, China reach agreement to resume economic talks. Election year politics loom over the markets in 2020. GrubHub says it currently has no plans to sell its business.
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The Early Bird Newsletter

Monday, January 13th

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Report: US, China reach agreement to resume economic talks
Politics

Report: US, China reach agreement to resume economic talks

The United States and China have agreed to resume semiannual talks on economic and trade issues, according to a published report. These discussions had been conducted in previous administrations but had been halted by the Trump administration. The Wall Street Journal reported Saturday...

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Election year politics loom over the markets in 2020
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Election year politics loom over the markets in 2020

A potentially tumultuous presidential election campaign promises to add some extra drama to financial markets this year, although if history is any guide investors can cast aside some worries. The stock market typically rises in an election year, no matter which party claims the pres...

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GrubHub says it currently has no plans to sell its business
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GrubHub says it currently has no plans to sell its business

Grubhub says it has no plans to sell the company, a day after media reports said it was exploring its options as competition in the food delivery business grows increasingly fierce. The Wall Street Journal reported earlier this week that Grubhub Inc. -- the second-largest player in t...

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Dennis Muilenburg
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Former Boeing CEO gets $62.2 million but loses some benefits

The Boeing CEO who was ousted last month for the company’s botched response to two crashes and the grounding of its best-selling plane will walk away with $62.2 million, the company disclosed Friday. Boeing said, however, that Dennis Muilenburg will not get additional severance or a ...

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Milan designers embrace sustainability and Gen-Z's influence
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Milan designers embrace sustainability and Gen-Z's influence

The growing influence of Generation Z was clear on the second day of Milan Fashion Week: Emporio Armani unveiled an “upcycled” capsule collection, Dolce&Gabbana filled their front row with teenage champions of the TikTok social media platform. Tailoring was mindful of youthful preferences. ...

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Salman, Shinzo Abe
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Japan's Abe meets Saudi king amid threats in Persian Gulf

Japanese Prime Minister Shinzo Abe was in Saudi Arabia for talks with King Salman on Sunday as part of a tour of oil-producing Gulf Arab states aimed at promoting peace amid a spike in tensions between the U.S. and Iran. Japan has a deep alliance with the United States, but it also ha...

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Aramco's 'greenshoe option' pushes IPO to record $29.4B
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Aramco's 'greenshoe option' pushes IPO to record $29.4B

Saudi oil giant Aramco's initial public offering raised $29.4 billion, more than previously announced after the company says it used a so-called “greenshoe option” to sell an additional 450 million shares to meet investor demand

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Lawsuit forces Uber to stop operating in Colombia
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Lawsuit forces Uber to stop operating in Colombia

Uber said Friday it will stop operating in Colombia following stiff opposition from taxi drivers’ unions and a lawsuit that said the ride-sharing app was breaking local transport laws. In a statement, Uber said it will cease operating in Colombia on Feb, 1, and will comply with a Dece...

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Canada prosecutor says essence of Huawei CFO case is fraud
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Canada prosecutor says essence of Huawei CFO case is fraud

Canada's Department of Justice says the allegation against a top Chinese executive arrested at the United States' request would be a crime in Canada and she should be extradited to the United States on fraud charges

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Germany's Siemens to fulfill Australia coal mine contract
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Germany's Siemens to fulfill Australia coal mine contract

Germany's Siemens has decided to stand by a contract linked to a coal mine in Australia that climate activists had called for it to drop. The German industrial conglomerate's CEO, Joe Kaeser, had promised to review Siemens' involvement in the project in light of climate activists' opp...

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New Labor Dept. rule clarifies 'joint employer' standard
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New Labor Dept. rule clarifies 'joint employer' standard

The Labor Department has issued a final rule that clarifies when a worker is employed by more than one company, an issue that affects franchise businesses such as McDonald's and temporary staffing firms. The rule taking effect March 16 provides a four-part test to determine whether a company is a “joint employer

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John Kapoor
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Ex-drug company execs face reckoning in opioid bribery case

The founder and former top employees of a pharmaceutical company are facing a reckoning for their role in a bribery scheme that prosecutors say boosted sales of a powerful, highly addictive painkiller and helped fuel the national opioid epidemic. Starting Monday, seven people who wo...

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Insider Q&A: Antitrust expert looks for strong enforcement
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Insider Q&A: Antitrust expert looks for strong enforcement

Sally Hubbard is an antitrust expert who is director of enforcement strategy at the Open Markets Institute, whose central mission is to call attention to the risks of corporate monopolization. Hubbard previously served as an assistant attorney general in the antitrust bureau of New York state. ...

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The Early Bird Stock Of The Day

Packaging Corp Of America

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company's Packaging segment offers various corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products. It also produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sales and marketing organization, independent brokers, and distribution partners. Its Paper segment manufactures and sells white papers comprising commodity and specialty papers with various features, such as colors, coatings, high brightness, and recycled content. The white papers also consist of communication papers, including cut-size office papers, and printing and converting papers. This segment sells white papers through the company's own sales personnel. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.

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