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Virus anxiety triggers biggest 1-day market drop since 2011 Worldwide markets plummeted again Thursday, deepening a weeklong rout triggered by growing anxiety that the coronavirus will wreak havoc on the global economy. The sweeping selloff pushed the benchmark S&P 500 down 4.4%, its worst one-day drop ...
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Pinterest adds DoorDash exec and Caviar lead Gokul Rajaram to its board Pinterest is bringing on a new board member. The company announced today it has appointed Gokul Rajaram, Caviar lead at soon-to-go-public DoorDash, to its board of directors and as a member of its Nominating and Corporate Governance Committee.
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SEC sues 2 former South Carolina utility execs, alleging fraud at nuclear project COLUMBIA, S.C. — Two former executives at a South Carolina utility lied repeatedly to regulators and investors about the progress of construction of two nuclear reactors taking more than a billion dollars out of the pockets of investors and ratepayers, federal ...
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Coronavirus Infects Wall Street — Can Gilead, Moderna Ride To The Rescue? As fears of a global Covid-19 pandemic pummel the stock market, biotech companies like Moderna (MRNA) and Gilead Sciences (GILD) are scrambling to develop coronavirus vaccines and treatments. Their progress in a short time offers glimmers of hope. X.
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Crude Oil Crashes 13% on Coronavirus-Induced Fears A big jump in Coronavirus cases around the world is creating turmoil in an oil market that's already oversupplied. Jason Hall. (TMFVelvetHammer). Feb 27, 2020 at 8:19PM. Author Bio. Born and raised in the Deep South of Georgia, Jason now calls Southern ...
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Regulators Boost PG&E's Wildfire Fine to $2.1 Billion SAN FRANCISCO — California power regulators on Thursday slapped Pacific Gas & Electric with a $2.1 billion fine for igniting a series of deadly wildfires that landed the beleaguered utility in bankruptcy. The record penalty imposed in an administrative law ...
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Construction Firm Rice Companies Opening Fargo Office SAUK RAPIDS -- Sauk Rapids-based construction firm Rice Companies is expanding into Fargo, according to a news release. It will be the fourth location for the 67-year-old construction company, which also has operations in Mankato and Glencoe.
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Bill to Help Small Telecoms Excise Huawei Goes to Trump NEW YORK — The Senate has passed a bill to provide $1 billion for small telecom providers to replace equipment made by China's Huawei and ZTE, sending the measure to President Donald Trump. The U.S. government considers the Chinese companies a ...
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Workday shares wobbly after results top Street view Workday Inc. WDAY, -2.37% shares fluctuated between slight gains and losses in the extended session Thursday after the cloud-based finance and human-resources services company topped Wall Street estimates. Workday shares were last up 0.5% after ...
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'Markets are trading on fear': Stocks tumble as coronavirus panic takes hold Stocks slumped on Thursday as investors braced for the novel coronavirus to escalate into a pandemic and hammer global growth. The World Health Organization warned on Wednesday that more new cases were reported outside China than inside for the ...
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FDA Approves Biohaven's Migraine Treatment Nurtec ODT The Food and Drug Administration (FDA) has approved Biohaven Pharmaceutical's (NYSE:BHVN) Nurtec ODT as an acute migraine treatment. Shares of the company were up 7.8% at 7:08 p.m. EST in after-hours trading after falling 8.5% during the regular ...
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Fiat Chrysler to cut Windsor's 3rd shift as it drops Dodge Grand Caravan Fiat Chrysler Automobiles NV said Thursday it will cut the third shift at Windsor Assembly this summer as it begins to phase out production of the Dodge Grand Caravan. The June 29 deadline is the fourth new deadline granted to the 1,500 employees working ...
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Biotech company Forty Seven surges 30% after hours on report of Gilead interest Shares of cancer-therapy company Forty Seven Inc. FTSV, +1.01% shot up more than 30% in after-hours trading Thursday after a report that Gilead Sciences Inc. GILD, -2.73% has made a takeover offer. Bloomberg News reported that Gilead and Forty Seven, ...
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Taser, Body Camera Maker Axon Beats Q4 Views But Guides Q1 Low Axon Enterprise (AAXN), which supplies body cameras, Tasers and cloud-based evidence systems to law enforcement, beat Q4 estimates but gave weak Q1 revenue growth guidance. Axon stock fell late. X. Error loading player: No playable sources found ...
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Stella Artois Wants to Pay for Your Beer This Leap Year Anheuser-Busch InBev (NYSE: BUD) doesn't want you to be alone this Leap Year. In a promotion for its Stella Artois brand of beer, the brewer wants you to use the extra 24 hours we gain this Saturday by spending it with someone you care about. The Stella ...
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Clearview AI leak names businesses using its facial recognition database One of the most vehement arguments against Clearview AI's practice of scraping billions of photos from millions of public websites to build its facial recognition database was that the company's data storage and security protocols were both untested and ...
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Locals prep for plastic bag ban Local retailers and customers are preparing for New York's impending single-use plastic bag ban on Sunday – a law some store owners say will create unintended consequences, and that some environmentalists argue doesn't go far enough. The ban applies ...
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Dell Projects Profit That Falls Short of Estimates on PC Warning Dell Technologies Inc. gave a profit forecast that fell short of Wall Street estimates, in a sign that weaker corporate demand for personal computers will take a toll on the hardware giant. Profit, excluding some items, will be $5.90 to $6.60 a share in fiscal 2021, ...
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Bill would mandate event ticket companies disclose all fees up front when buying online San Diego, Calif. (KGTV) - Congress is considering a bill that will push for more transparency in the online event ticketing industry. Included in the reforms would be a mandate that companies disclose the full cost of each ticket, including additional fees, ...
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Local special needs Girl Scout troop tops cookie sales goal WACO, Texas (KWTX) A local Girl Scout troop made up of girls of all ages with special needs blew the lid off their annual cookie selling campaign. "I am extremely proud," said troop leader Jennifer Cotton. Her daughter Ciara Holt, 20, who has cerebral palsy ...
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Erie Indemnity: 4Q Earnings Snapshot ERIE, Pa. (AP) _ Erie Indemnity Co. (ERIE) on Thursday reported fourth-quarter net income of $59.6 million. On a per-share basis, the Erie, Pennsylvania-based company said it had net income of $1.14. The insurance company posted revenue of $596.7 ...
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Report: Why Every Uber/Lyft trip should be electric and pooled asap The Union of Concerned Scientists this week published a study comparing emissions from private car trips with journeys via Uber or Lyft. Researchers also looked at the broader impact of ride-hailing on other types of urban travel, including public ...
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Pure Evergreen Provides Next Generation FlashArray to Customers, Without Disruption Hardware and Software Upgrades to Flagship Platform Accelerate Innovation. MOUNTAIN VIEW, Calif., Feb. 27, 2020 /PRNewswire/ -- Pure Storage (NYSE: PSTG), the data solutions leader delivering a modern data experience, today announced the ...
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Dollar retreats as coronavirus fallout raises expectations of rate cut The dollar fell on Thursday as Treasury yields continued to plumb new lows and investors bet the Federal Reserve would cut interest rates to offset the impact of a spreading coronavirus, while the euro bounced half a percent higher. Money markets are now ...
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Etsy Grows Core Marketplace Sales 20% in Q4 of 2019 Etsy grew core marketplace GMS (sales) 20% in the fourth quarter of 2019 while growing revenue 28%. Etsy acquired Reverb, a marketplace for musical instruments, in mid-August and released aggregate GMS and revenue as well. The following is an ...
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Advocates hail AG Maura Healey's efforts to improve mental health parity; insurers argue laws remain ambiguous Eva Stahl remembers combing through a directory week after week, calling providers who she hoped would treat her children for anxiety and depression. "In most cases, my many many voicemails left with providers received no response, leaving me uncertain ...
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Patterson Cos. shares soar 10% premarket after earnings top estimates, company lifts guidance Patterson Cos. shares PDCO, +5.86% rose 10% in premarket trade Thursday, after the medical supplies company beat earnings estimates for its fiscal third quarter. The company said it had net income of $23.2 million. or 24 cents a share, in the quarter to Jan.
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