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Oil prices fall again, on track for biggest weekly drop in over 4 years SINGAPORE (Reuters) - Oil prices fell for a sixth straight session on Friday and were on track for about a 12% weekly fall, the biggest in more than four years, as the spread of the coronavirus outside China raised fears of slowing global demand. FILE PHOTO: ...
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Here are 5 reasons the stock market is having its worst decline since 2008, and only one of them is the coronavirus The U.S. stock-market rally has unraveled, with a period of historic gains coming to a screeching halt, as fear that the coronavirus epidemic may reach America rattles Wall Street. The Dow Jones Industrial Average DJIA, -4.42% fell into correction on Thursday, ...
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Sangamo Therapeutics and Biogen Announce Gene-Therapy Deal, Stock up 39% Sangamo Therapeutics (NASDAQ: SGMO) announced after the bell on Thursday that it signed a partnership with Biogen (NASDAQ: BIIB) to develop a number of gene-editing treatments. The scope of the agreement would focus on neurological and ...
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The Trade Desk's Fourth-Quarter Profit Crushes Estimates The Trade Desk (NASDAQ: TTD) shared some good news with investors on Thursday afternoon, likely giving shareholders a sigh of relief as coronavirus fears continued to weigh on the market. The stock jumped more than 6% in after-hours trading, fueled by ...
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Occidental posts quarterly loss on impairment, charges (Reuters) - Occidental Petroleum Corp (OXY.N) reported a quarterly loss on Thursday, as the oil and gas producer took more than $1.7 billion in impairment and other charges. FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the ...
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Chicago Tribune shakeup rankles newsroom staffers New York (CNN Business) Chicago Tribune staffers on Thursday learned about a massive shakeup in its masthead through a series of morning emails. Editor-in-chief Bruce Dold and Managing Editor Peter Kendall were leaving. Colin McMahon, senior vice ...
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Thyssenkrupp sells elevator unit for $18.7 billion to Advent, Cinven consortium FRANKFURT/DUESSELDORF (Reuters) - Thyssenkrupp AG (TKAG.DE) said on Thursday it agreed to sell its elevators division to a consortium of Advent, Cinven [CINV.UL] and Germany's RAG foundation for 17.2 billion euros ($18.7 billion) in what could be ...
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Spreading coronavirus is making some American Airlines crews nervous about flying abroad American Airlines' pilots and flight attendants are nervous about flying to a growing number of international destinations such as Italy, South Korea and Japan as coronavirus outbreaks spread to more countries. American has already suspended flights to ...
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Dollar stumbles as coronavirus ramps up Fed cut bets By Tom Westbrook. SINGAPORE, Feb 28 (Reuters) - The dollar nursed losses on Friday after its worst day against the euro in nearly two years, as the global spread of the coronavirus fired up expectations for a U.S. rate cut and pushed the hunt for yield ...
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US SEC out for justice over Steven Seagal's cryptocurrency marketing WASHINGTON (Reuters) - Steven Seagal, the star of action movies including "Above the Law" and "Out for Justice," has agreed to pay $314,000 to resolve charges of "unlawfully touting" a cryptocurrency offering, the U.S. securities regulator said on Thursday.
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Bodega owners to fight imminent state plastic ban A small army of New York City bodega and deli owners are gearing up to challenge the state's plastic bag ban on the eve of its March 1 implementation, The Post has learned. On Friday, lawyers for more than 14,000 store proprietors will ask an Albany judge ...
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PG&E Faces Record Fine of $2.1 Billion for Role in Wildfires California regulators increased penalties against PG&E Corp. to $2.1 billion for violations tied to the catastrophic wildfires ignited by the company's power lines in 2017 and 2018. The penalty would be the largest ever imposed by the California Public Utilities ...
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Coca-Cola says coronavirus could affect Diet Coke supply Coca-Cola reported that the outbreak of coronavirus in China could affect its supply chain demands, leading to a shorter supply of goods that go into making the company's diet beverages. Exports of goods from China, such as artificial sweeteners used in the ...
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Not in my backyard! NJ's 'environmental justice' fight against dumping TRENTON — The state Department of Environmental Protection has launched a new environmental justice initiative. The announcement was made on a cold, blustery Thursday morning at a large illegal dumping site in Trenton, where DEP workers and ...
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Coronavirus fear grips stocks, oil; Treasury yields touch record low BY RODRIGO CAMPOS. Stocks across the globe and oil prices continued to tumble on Thursday and U.S. Treasury yields hit record lows as traders fretted over the economic impact of the spreading coronavirus. No country should make the "fatal mistake" of ...
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DocuSign acquires Seal Software to bolster AI in Agreement Cloud DocuSign announced Thursday that it's buying Seal Software, a company focused on AI technology for contracts, for $188 million. Seal fits neatly into DocuSign's Agreement Cloud, a platform that lets people electronically prepare, sign, act-on and manage ...
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Dell narrowly beats revenue forecast, but enterprise business continues to struggle Dell Technologies Inc. today beat earnings estimates for the fiscal 2020 fourth fiscal quarter on strong growth in its services business, a tailwind from an ongoing refresh cycle of Microsoft Corp.'s Windows 10 and 11% growth in sales at its VMware Inc.
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Insurers operating in Massachusetts agree to improve mental health access State Attorney General Maura Healey announced groundbreaking settlements Thursday with a group of insurance companies to increase access to services for more than a million residents struggling with mental or behavioral health issues. The five ...
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Chando's Tacos expands to East Sac, as founder eyes more locations The locally owned Chando's Tacos is opening a location in East Sacramento, marking another step in an ambitious expansion plan by the chain's founder. Lisandro "Chando" Madrigal, founder of Chando's Enterprises, confirmed he's replacing Opa! Opa! at ...
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VMware earnings fall short partly from missing late-quarter deals VMware Inc. beat expectations on revenue for its fiscal 2020 fourth quarter, but it wasn't enough to avoid a disappointing profit that sent its shares south late today. The computing virtualization software company, majority owned by Dell Technologies Inc., ...
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Securities agents sue South Carolina utility executives over nuclear fraud Two former executives at a South Carolina utility lied repeatedly to regulators and investors about the progress of construction of two nuclear reactors taking hundreds of millions of dollars out of the pockets of investors and ratepayers, federal securities ...
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One Hyundai Motor Factory Worker in South Korea Tests Positive for Virus - Yonhap SEOUL (Reuters) - One worker at Hyundai Motor's <005380.KS> factory complex in South Korea's southeastern city of Ulsan has tested positive for coronavirus, Yonhap News Agency said on Friday, without saying how they received the information.
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Can I Have a 401(k) and an IRA? Short answer: Yes, you can contribute to both a 401(k) and an IRA, but if your income exceeds the IRS limits, you might lose out on one of the tax benefits of the traditional IRA. How it works: One of the benefits of a traditional IRA is that you can get a tax ...
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Girl Scout Cookie Season Comes to the Northland DULUTH, Minn.– Well it's that time of year again, Girl Scout cookie season is upon us and people all over the Northland are stocking up on the tasty snacks. But where do those cookies come from and how does it benefit girls in the Northland? Every year the ...
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Marriott Shares Rise on Report of China Hotel Reopenings Marriott International (MAR) - Get Report checked into the Nasdaq 100 penthouse on reports the renowned hotel chain is reopening hotels in China despite the spread of the deadly coronavirus. Shares of the Bethesda, Md., chain were up about 1.7% to ...
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New Jersey Association of Railroad Passengers demands resignations The New Jersey Association of Railroad Passengers on Thursday called for NJ Transit CEO Kevin Corbett and New Jersey Transportation Commissioner Diane Gutierrez-Scaccetti to resign. Gutierrez-Scaccetti is also chairwoman of NJ Transit's board of ...
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Chicken-Sandwich Wars Could End Up Saving US Poultry Industry U.S. chicken companies are running production at a manic rate, sparking a glut and sending prices for key products like breast meat to record lows. Despite all that, the industry could be looking at a bright 2020 -- thanks to the chicken-sandwich craze ...
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Autodesk: Fiscal 4Q Earnings Snapshot SAN RAFAEL, Calif. (AP) _ Autodesk Inc. (ADSK) on Thursday reported fiscal fourth-quarter earnings of $131.8 million. The San Rafael, California-based company said it had net income of 59 cents per share. Earnings, adjusted for one-time gains and costs, ...
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IDC Forecasts Steeper Drop In 2020 PC Sales Due To Coronavirus The impacts from the spread of the novel coronavirus COVID-19 are expected to lead to a further drop in PC sales this year, research firm IDC disclosed on Thursday. It was already looking to be a dismal year for global PC sales, with IDC previously ...
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