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CNBC BusinessAug 08, 2020
These restaurant chains cut menu items during the pandemic
Restaurant chains slimmed down their menus during the coronavirus pandemic to smooth operations, but some of those changes might become permanent.

CNBC FinanceAug 08, 2020
Buffett buys back record $5.1 billion in Berkshire stock as coronavirus hits operating earnings
Berkshire announced it bought $5.1 billion of its own shares during the second quarter as the pandemic dented the conglomerate's operations.

Yahoo BusinessAug 08, 2020
Buffett's Grim View of Air Travel Realized in $10 Billion Charge
(Bloomberg) -- Warren Buffett's dire airline predictions have hit close to home.After dumping his stakes in airlines earlier this year with a warning that the pandemic had unleashed fundamental change on that business, Buffett's own Berkshire Hathaway Inc. took a roughly $10 billion impairment charge tied to Precision Castparts, its massive maker of plane parts. A vaccine may be the only remedy for the pandemic's "particularly severe" impact on the aerospace market, Berkshire said."The Covid-19 pandemic produced material declines in commercial air travel during the second quarter," Berkshire said Saturday in a regulatory filing discussing second-quarter results. "Airlines responded by reducing and/or cancelling aircraft orders, which is resulting in significant reductions in build rates by aircraft manufacturers and significant inventory reduction initiatives being implemented by PCC's customers."At Berkshire's annual meeting in May, Buffett announced a full reversal on his airline bet, with his conglomerate going from one of the biggest shareholders in all four major U.S. carriers to owning none. A rally in airline shares over the next month had critics including President Donald Trump saying Buffett had erred, but the S&P 500 Airlines index is down 26% since that early June high.Despite those stock sales, the Omaha, Nebraska-based company still had a significant exposure to the air travel slump through Precision, a business it bought more than four years ago in a deal valued at $37.2 billion.Now,

AdWeek NewsAug 07, 2020
Here's How Cornhole Landed Itself in the Big Leagues During the Pandemic
Last summer, New England Patriots star Rob Gronkowski--who retired that March--turned up at the ESPY awards in Los Angeles. Sweating in his suit and tie under the merciless midday sun, Gronk was still gracious as a sports reporter came at him with the microphone. But while every football fan wanted an answer to the million-dollar...
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