Friday, February 28, 2020

Google Alert - finance

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finance
As-it-happens update February 28, 2020
NEWS
Wall Street Journal
Factory shutdowns across China because of the new coronavirus have exposed an uncomfortable healthcare reality: Many medicines rely on raw materials that are made in that country. The U.S. Food and Drug Administration late Thursday said one drug has ...
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Reuters
WASHINGTON (Reuters) - U.S. consumer spending rose less than expected in January, a loss of momentum that could be exacerbated by the rapidly spreading coronavirus, which has triggered a sharp stock market sell-off and revived fears of a recession.
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Wall Street Journal
In nearly two decades, online home-goods seller Wayfair Inc. has grown quickly by burning through profits. Now the e-commerce company is trying to show investors it can moderate its losses as revenue growth slows and investor appetite for unprofitable ...
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CNBC
Purchasing a car is a big commitment that comes with an even bigger price tag. Depending on the car dealer and the cost of the car itself, you may be able to pay for this big-ticket purchase by simply swiping your credit card. But think twice before going full ...
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The Hindu BusinessLine
... * Economy growth slows to 4.7% from previous quarter's 5.1%. * Economists warn of impact from coronavirus outbreak. * Inflation spike dents expectations for interst rate cut (Recasts, adds central bank comments). By Manoj Kumar. NEW DELHI, Feb 28 ...
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Nasdaq
It's not every day you see a stock soar after it cut its dividend 85%, but investors cheered theater operator AMC Entertainment Holdings (NYSE: AMC) slashing its dividend to $0.03 per share from $0.20 per share. That's because it also decided to initiate a ...
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TechCrunch
Building a rocket is a big operation, even when you're printing them from the ground up, like Relativity Space . The launch startup is graduating from its initial office, which is a bit cramped for assembling rockets, to a huge space in Long Beach where the ...
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Motley Fool
This healthcare REIT is focused on a good niche, but is that enough to make it worth buying? Here's what you need to know. Reuben Gregg Brewer. (TMFReubenGBrewer). Feb 28, 2020 at 7:00AM. Author Bio. Reuben Gregg Brewer believes dividends are a ...
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CNN
New York (CNN Business) Central banks around the world are closely monitoring the novel coronavirus outbreak, and investors believe they will step in to keep the world's economies humming. Stocks have been selling off all week, even briefly fell into ...
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Forbes
Topline: European airlines are cancelling flights to Italy, which has in recent days become a coronavirus hotspot in Europe, in the latest sign of the strain the aviation industry is under as Covid-19 spreads globally. Budget airline EasyJet says it would be ...
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Nasdaq
Not every stock is plunging because of worries about the impact of the coronavirus. Gilead Sciences (NASDAQ: GILD), for example, is up by a double-digit percentage. The big biotech announced this week that it's moving forward with late-stage clinical ...
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Forbes
United Airlines said Friday it was reducing service to Asia amid broader signs that air travel demand is weakening in the United States as the coronavirus epidemic spreads worldwide. Ticket sales at U.S. travel agencies, including online sellers like Expedia, ...
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The Commercial Appeal
Wendy's Co. is known for its spicy Twitter feed, and the fast-food chain is turning up the heat on its competitors ahead of the launch of its breakfast menu. In the lead up, the company has taken aim at McDonald's Corp. MCD, -4.69% and Burger King, ...
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NBCNews.com
In an unprecedented move, organizers have canceled the Geneva International Motor Show, one of the global auto industry's largest public events, due to concerns about the spreading coronavirus. The 90th running of the show, which was to have begun ...
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CNBC
A coalition of union groups filed a petition on Thursday asking the Federal Trade Commission to examine Amazon's business practices. The group urged the FTC to examine whether Amazon abuses its dominance in the economy, arguing that it "depresses ...
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Vox
How deep or lasting any economic impact is will depend on the coronavirus's spread, and how governments manage the outbreak. By Jen Kirbyjen.kirby@vox.com Updated Feb 28, 2020, 10:32am EST ...
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Motley Fool
The retail giant will rebrand its grocery delivery program, and add on some features borrowed from the high-end concierge service it just shut down. Rich Duprey. (TMFCop). Feb 28, 2020 at 10:05AM. Author Bio. Rich has been a Fool since 1998 and writing ...
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Reuters
BERLIN (Reuters) - Inflation was barely changed in German states in February, data showed on Friday, suggesting the national measure will remain close to but below the European Central Bank's target and pose no threat to its stimulus policy. FILE PHOTO: ...
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TheStreet
Global stocks near correction territory, amid the worst five-day stretch since November 2008, as health officials warn of a potential cornoavirus pandemic. COVID-19 cases top 83,000 worldwide, with new infections in Africa and New Zealand overnight, ...
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Business Recorder
(Adds comments, details and updates prices) * Palladium sheds 5% but set for best month since Nov 2016 * Platinum on track for worst week since Sept 2011 * Coronavirus interactive graphic: tmsnrt.rs/2GVwIyw * GRAPHIC-2020 asset returns: ...
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TheStreet
Apple (AAPL) - Get Report CEO Tim Cook told Fox Business News on Thursday that he's optimistic that China has gotten the coronavirus outbreak under control, and said that its factories in China that were shut down were getting closer to normal production.
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Houston Chronicle
Boston-based TA Realty has purchased the East Belt Business Park, a four-building, Class A industrial project totaling 350,000 square feet in Pasadena. Trent Agnew, Rusty Tamlyn, Charlie Strauss and Tom Weber of JLL Capital Markets marketed the ...
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silive.com
STATEN ISLAND, N.Y. -- The following is a roundup of obituaries published on SILive.com. Viewing times and guestbooks can be found here: Dorothy Meyer, 98, a longtime Staten Island resident who was a financial secretary for Moravian Cemetery, died on ...
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Motley Fool
Wendy's (NASDAQ:WEN) rolls out breakfast nationwide on Monday, March 2. It's a bold try by the fast-food brand, which has failed at previous attempts to take on the morning meal. It appears one of its chief rivals, McDonald's (NYSE:MCD), does not want ...
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ConsumerReports.org
Kia has recalled more than 50,000 of its 2011 and 2012 Kia Sedona Minivans due to concerns that the fuel system could develop a leak and lead to a fire. The problem is caused by a faulty fuel rail, the part of the fuel system that distributes fuel to the fuel ...
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kfor.com
(CNN) — The tough times continue for JCPenney. The department store chain announced plans Thursday to close six additional stores as sales and profit continue to decline. The company did not share specifics about its store closings, saying it would give ...
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Reuters
LONDON (Reuters) - Three former Barclays (BARC.L) executives were acquitted in London on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to Qatar during the credit crisis, in return for rescue funding. Former Barclays ...
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newsBTC
Unfortunately, not even Bitcoin exchanges aren't safe from the crypto carnage that has transpired over the past few days. Not too long ago, Bitfinex began "investigating what seems like a distributed denial-of-service" attack (DDoS) attack on its exchange.
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KWCH
WICHITA, Kan. (KWCH/RELEASE) On Friday, Spirit AeroSystems released its earnings report for the last quarter of 2019. In the report, the company said Boeing's decision to decrease the 737 Max production rate to 10 aircraft per month resulted in $34 million ...
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Crain's Detroit Business
After a little more than a yearlong run with frequent vendor turnover and a rebranding bid, Fort Street Galley in downtown Detroit is closing abruptly. The last day for the high-end food hall, which opened to much fanfare in December 2018, is today. "There were ...
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Fox Business
WASHINGTON -- Wells Fargo & Co. agreed to pay $35 million to settle regulatory claims that its financial advisers recommended exchange-traded funds that were too risky for some clients. Continue Reading Below. The Securities and Exchange ...
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The Globe and Mail
The Canadian economy nearly ground to a halt in the final quarter of 2019, but showed flickers of momentum that could be short-lived as the world contends with the coronavirus outbreak. Real gross domestic product inched up by an annualized 0.3 per cent, ...
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Olean Times Herald
NEW YORK (AP) _ Icahn Enterprises L.P. (IEP) on Friday reported a fourth-quarter loss of $157 million, after reporting a profit in the same period a year earlier. The New York-based company said it had a loss of 74 cents per share. Losses, adjusted to account ...
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Electrek
Ron Baron, a billionaire stock investor and Tesla shareholder, says that Tesla could be worth $1.5 trillion by the end of the decade. From 2014 to 2016, Baron got sold on Tesla and Elon Musk's vision and started buying shares of the company. He has since ...
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KXXV News Channel 25
Chicken lovers, rejoice - KFC has a job for you. KFC is looking for a professional "finger licker" - or a chicken taster. They said one lucky fan will get to be apart of KFC latest campaign, and they will be featured in an exclusive photo shoot showcasing their ...
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Convenience Store Decisions
7-Eleven is expanding its Evolution Store concept to Washington D.C. and San Diego, Calif., following the successful opening of its beta store in Dallas last March. The Washington D.C. store is now open at 504 K St., and the San Diego store at 3504 El Cajon ...
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BBC News
People born on 29 February hold a certain fascination for those of us - that is, nearly all of us - whose birthdays come round once a year. As they prepare to celebrate their actual birthday for the first time since 2016, five so-called "leaplings" explain some of ...
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Simple Flying
Indian full-service airline Vistara has today taken delivery of its first Boeing 787 Dreamliner. The 787-9, registered VT-TSD, was handed over at Boeing's Everett Delivery Center this morning, and will fly to India to land tomorrow (29th February). It will be the ...
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Nasdaq
SAN CLEMENTE, Calif. (AP) _ Glaukos Corp. (GKOS) on Thursday reported fourth-quarter net income of $36.6 million. On a per-share basis, the San Clemente, California-based company said it had net income of 84 cents. Losses, adjusted for non-recurring ...
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The Real Deal
The head of SoftBank's Vision Fund Rajeev Misra identified two high-ranking colleagues as obstacles in his pursuit of power to lead the company's $100 billion tech fund after he joined the company in 2015. And so, the former Wall Street banker set about ...
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Financial Times
Saudi Arabia is pushing to make a substantial cut in oil production when Opec and its allies meet next week, as global energy producers scramble to respond to the coronavirus outbreak that has crippled demand. The kingdom is asking ...
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AZCentral.com
Between the nearly constant sunshine and abundance of palm trees, Giada De Laurentiis says Scottsdale isn't that different from California and coastal Italy. The celebrity chef was in the Valley on Wednesday, Feb. 26 for the groundbreaking of Caesars ...
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