Monday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Monday’s business headlines.
Googlestore.com offering deals
Google is offering specials on googlestore.com starting Monday through September 6.
The Google Store usually has a week of sales just before Black Friday and Cyber Monday. This is its longest event and could come in response to slowing consumer demand in recent months.
Some of the specials hinted at are nest security devices, pixel phones, and assistant.
Walmart adding health ambassadors
Walmart is adding “health ambassadors” to the front of select stores nationwide to remind customers of state and local coronavirus mask mandates.
Louisiana joined more than 20 other states Saturday in requiring residents to wear a face mask in public.
Soap makers dealing with pump shortage
Soap makers are cleaning up amid the pandemic, but they can’t get enough hand pumps.
Companies are redesigning packaging, pushing refill containers and asking customers to reuse pumps to cope with shortage.
Executives say the price of pumps — most of which are made in China — has rocketed and that lead times on orders, typically five weeks, are now stretching into next year.
Carrying Brooks Brothers through bankruptcy
Indianapolis-based Simon Property Group won a competition to supply financing to Carry Brooks Brothers Group Inc. through bankruptcy, elbowing aside a rival by offering an extraordinary zero-interest loan package.
The loan require the Brooks Brothers branding and trademarks as collateral, ensuring that even if the company winds up liquidating, the lenders would gain control over the intellectual property.
Simon has also become a frequent bidder for bankrupt retailers with the added motivation of keeping key tenants in its malls, paying rent.
Stock update
Stocks rose on Friday as traders weighed another record in daily virus cases against advances in treatment.
Gilead Sciences said on Friday that an analysis of clinical-trial data for its Remdesivir Drug found a 62% reduction in mortality risk among severely ill COVID-19 patients.
2021 Ford Bronco debuts Monday
The Bronco6g forum published this photo of a yellow, two-door bronco on Friday, showing the new SUV in all its glory.
In addition to this two-door model, there will be a four-door version, as well as a smaller bronco sport that’ll ride on a completely different platform.