Serena Williams and her daughter Alexis Olympia Ohanian are part of a group that will own the newest soccer team in the U.S. According to CNN, Natalie Portman is also part of the majority woman founded group. The National Women's Soccer League announced that Los Angeles will be home to the franchise, The Angel City group. Portman said in a statement; "I am thrilled by the opportunity to partner with this incredible group of people".
Universal Studios in Osaka began reopening in June but only to people living in the local region. Now anyone can visit, including people from the capital Tokyo, where coronavirus cases have been rising.View on euronews
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IBM is building a cloud for Financial Services. BNP Paribas will come on board as the anchor client for the services. IBM is in discussions with Japan's Mitsubishi UFJ Financial Group (MUFG) to explore how it can adopt the IBM Cloud for Financial Services. Business Insider report that this marks a milestone in the modernization of the global financial industry. IBM Cloud for Financial Services is the world's first product of its kind.
Brooks Brothers announced that Authentic Brands Group and SPARC Group LLC were the winning bidders for the suiting company. Business Insider reports that Brooks Brothers filed for Chapter 11 bankruptcy last month. ABG and SPARC increased its initial offer of $305 million to $325 million. They agreed to keep at least 125 retail locations operating. The group have previously worked together to purchase distressed retailers like Aeropostale and Juicy Couture.
On Wednesday, Tesla stock rallied as much as 7% in early trading. According to Business Insider the boost comes after the company revealed a five-for-one stock split scheduled for August 28. Every Tesla shareholder will receive four additional shares that, when added to their existing share, will equal the stock's pre-split value. The split itself won't change Tesla's market cap. However, it may pull in smaller investors who couldn't previously afford shares.
Italy's richest family is the Ferraro family. They founded confectionery giant Ferrero Group. The company is run by Giovanni Ferrero. Under his guidance the value of assets acquired through his CTH holding company increase by 40% last year. Business Insider reports this was partly due to CTH's $300 million purchase of Danish cookie business Kelsen Group last year.
Business Insider reports that Facebook's ad revenue will continue to increase this year. The growth will come despite the growing number of brands pulling ad campaigns amid the coronavirus pandemic. Net US digital ad revenues at Facebook will increase by 4.9% this year to $31.43 billion. Brands pulled ad spend from Facebook for the month of July in support of the NAACP campaign #StopHateForProfit. The campaign only asks brands to pause Facebook ad spending.
RIGHT when you thought the Shaq/Kobe saga was over, more seasoning to add to the beef gets added. One of Shaq’s former teammates claims the big fella had a signal to let the players know when to stop..