Day: October 6, 2020

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Aurora Cannabis, Inc. (ACB) Investors – Press Release

LOS ANGELES–(Business Wire)–The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Aurora Cannabis, Inc. (“Aurora” or the “Company”) (NYSE: ACB) securities between February 13, 2020 and September 4, 2020, inclusive (the “Class Period”). Aurora investors have until December 1, 2020 to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to participate.

On September 8, 2020, the Company announced that it expected to record up to $1.8 billion in goodwill impairment charges in fourth quarter 2020. According to Aurora’s press release, these charges included “up to $90 million” in fixed asset impairment charges “due to production facility rationalization, and a charge of approximately $140 million in the carrying value of certain inventory, predominantly trim, in order to align inventory on hand with near term

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Stocks fall after Trump says he is ‘rejecting’ House Democrats’ $2.4 trillion stimulus proposal

Stocks fell Tuesday after President Donald Trump said he opposed House Democrats’ $2.4 trillion virus relief proposal, effectively stamping out hopes that another round of fiscal stimulus to aid the virus-stricken economy would come before the election.

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[Click here to read what’s moving markets heading into Wednesday, October 7]

“We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not negotiating in good faith,” Trump wrote in a Twitter post Tuesday afternoon. “I am rejecting their.. … request, and looking to the future of our Country. I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business.”

Stocks, which had traded mixed earlier in the day, fell sharply, with the Dow dropping more than 250 points, or about 0.9%. The Nasdaq underperformed,

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How Small Business Owners Are Conquering Their New Reality

Entrepreneurs are a special breed, but 2020 has challenged them in ways no one could have imagined.

From supply chain interruptions to the sudden halt of foot traffic in retail stores, restaurants, and hotels, business owners have been forced to rethink their business models and discover new ways of engaging with customers, suppliers, and employees.

Despite these challenges, a new survey from Chase Ink reveals that many small business owners have successfully pivoted their business models to serve current customers and attract new ones. The survey of more than 1,000 small business owners, covering a wide range of industries, paints a picture of entrepreneurs finding new, creative ways to both market and sell their products and services, while maintaining and even growing their companies through turbulent times. 

E-commerce has been a driving force for this growth. In fact, 19 percent of the Chase Ink survey respondents reported they began selling

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Bloomingdale School Of Music Offers Free Trials Of Virtual Fall Music Classes Through October 9

Bloomingdale School of Music is offering a free trial period to participate in up to three 30-minute virtual music classes for its fall semester.

Bloomingdale School Of Music Offers Free Trials Of Virtual Fall Music Classes Through October 9

Bloomingdale School of Music is offering a free trial period with the opportunity to participate in up to three 30-minute virtual music classes for its fall semester from now through October 9, 2020.

Bloomingdale classes aim to educate students and instill discipline, fun and a passion for self-expression through music through high-quality instruction throughout the year. This fall in particular, Bloomingdale will offer options for early childhood learners, K-12 students, and adults, in addition to opportunities for intergenerational learning and classes where no prior musical experience is necessary. The School also offers virtual ensembles. To sign up for up to three free online classes, visit https://www.bsmny.org/classes/fall-2020/.

Bloomingdale School of Music will be completely virtual this fall and will continue to offer online learning options only, as

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South Asian Entrepreneurs in Fashion and Beauty Interview

Being an Indian woman in fashion, I’ve understood a lot over the years about what the effects that a lack of representation in media can have on a young person growing up. It’s important to see diversity across all platforms, which is why I thought it was about time to highlight the incredible South Asian women behind these amazing brands we can all appreciate and support.

Growing up, I didn’t really see anyone like myself in magazines, billboards, or on TV — I quickly learned that this is a sentiment felt deeply among many of the women I spoke to.

“There’s, unfortunately, a lot of pressure for many of us to follow a path that is more ‘secure’ or ‘sophisticated’ from our communities and families. At the end of the day, we all need to do what is right for us.”

“Just because we are all South Asian doesn’t mean

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Global central bankers say fiscal aid crucial in new phase of pandemic battle

(Reuters) – Top U.S. and European central bankers on Tuesday called for renewed government spending to support families and businesses as the battle against the coronavirus-triggered recession enters a newly critical phase.

FILE PHOTO: Jerome H. Powell, Chairman, Board of Governors of the Federal Reserve System during the Senate’s Committee on Banking, Housing, and Urban Affairs hearing examining the quarterly CARES Act report to Congress, in Washington, DC, U.S., September 24, 2020. Toni L. Sandys/Pool via REUTERS/File Photo

Hopes for new fiscal support in the United States, however, were dealt a serious blow when President Donald Trump abruptly canceled ongoing negotiations with Democrats in the U.S. House of Representatives.

The growth in new COVID-19 cases is again accelerating in parts of the United States and Europe, raising the prospect of new restrictions on commerce even as whole industries and millions of households are still reeling

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GE faces potential enforcement action over long-discontinued insurance business

The Securities and Exchange Commission’s staff has advised General Electric that it is considering legal action against the company for possible violations of securities laws, found during the agency’s investigation into the way GE accounted for costs associated with its now discontinued long-term care insurance business.

GE disclosed on Tuesday that it received a “Wells notice” last week from SEC staffers, indicating that they may recommend that the commission bring a formal complaint soon.

The SEC has been investigating several accounting issues at the Boston-based company, including the discontinued insurance business and GE’s revenue recognition practices, particularly with regard to long-term service agreements.

This Wells notice specifically refers to an investor update in January 2018, in which GE revealed it would take a $6.2 billion charge and contribute up to $15 billion to reserves over a seven-year period for its North American Life & Health business. The insurer had underestimated

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Mark Cuban Reveals Which ‘Shark Tank’ Star He Would Want as a Business Partner

Mark Cuban of Shark Tank has launched several companies which resulted in profiting billions. On the reality show since 2012, Cuban sometimes partners with fellow Sharks when investing in a startup, even though he can handle most business ventures on his own.

When asked if he would join forces with one of his co-stars to create a company from scratch, the NBA team owner had a savvy Shark in mind.

Mark Cuban of 'Shark Tank'
iMark Cuban of ‘Shark Tank’ | Roy Rochlin/Getty Images

Mark Cuban opts for a real estate mogul

In a recent interview, Cuban was presented with a battery of questions about his work ethic and professional endeavors. One inquiry prompted Cuban to name a fellow panelist from the Tank he would want as a partner in starting a new business.

“Barbara Corcoran,” Cuban told Men’s Health. “Barbara absolutely complements my skill set.”

The two have teamed up on several Shark Tank

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Girl, 4, found dead in New Orleans Central Business District; coroner cites blunt force trauma | Crime/Police

A 4-year-old girl was found dead of blunt force injuries in New Orleans’ Central Business District, authorities said Tuesday.

The Orleans Parish coroner’s office identified the child as Jo’nyri Hawkins and said she died in the 500 block of Canal Street on Saturday. Police didn’t immediately name any suspects or release additional details other than to say homicide and child abuse detectives are investigating. Public records show police encountered the girl while responding to a report of an unclassified death in the 500 block of Canal on Saturday at about 5:20 a.m.

Two victims scatter after gunfire erupts in 100 block of Camp Street

Attempts to contact Hawkins’ parents Tuesday were unsuccessful.

She was by far the youngest of three people reported killed Saturday in New Orleans. Eddie Profit, 23, was fatally shot at the intersection of Hayne Boulevard and Jahncke Road in the Little Woods section of New Orleans

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New York Sets New Lockdown Restrictions Where Coronavirus Has Resurged

New York will reimpose lockdown restrictions in parts of the state that have seen recent surges in new coronavirus cases, Gov. Andrew Cuomo said Tuesday, and he warned of wider limitations if infection rates continued to rise.

The restrictions will affect large swaths of New York City, as well as nearby Rockland and Orange counties, with closures of nonessential businesses and limits on mass gatherings in certain hot spots. They are the first lockdown impositions since the state began to emerge from the pandemic in May and started regional reopenings of its economy.

The measures take a tiered approach with hot spots identified by the colors red, orange or yellow. Hot spots with the highest positivity rates are designated red zones and face a near total shutdown. In those areas, schools are closed, worship is limited to 10 people and mass gatherings are off limits. The restrictions also only allow

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