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WPP Stock Stumbles Following Anticipated Q4 Revenue Decline Key insights: CEO Mark Read stressed the earnings report was in line with expectations. 2019 was a transitional year for the holding company, according to a Forrester analyst. WPP projects flat growth for 2020, no guidance yet on coronavirus impact.
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Oil prices dive to lowest in over a year on coronavirus fears NEW YORK (Reuters) - Oil prices tumbled for a fifth day on Thursday to their lowest since January 2019, as further novel coronavirus cases outside China fanned fears that a pandemic could slow the global economy and erode demand for crude. This video ...
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Market pressure heats up on the Fed with at least three cuts now priced in for 2020 Markets are putting pressure on the Federal Reserve to cut rates and have priced in at least three reductions this year. For their part, central bank officials consistently have said it's too early to gauge the global economic impact from the coronavirus.
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Actor Steven Seagal Settles SEC Cryptocurrency Charges Martial-arts actor Steven Seagal has settled charges brought by U.S. securities regulators that allege he didn't disclose payments he received for promoting an investment in an initial coin offering for the cryptocurrency Bitcoiin2Gen, also known as B2G.
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New Law Covering IRAs & 401(k)s Could Upend Estate Planning And Taxes If over the past two months you've been preoccupied with the race to the Super Bowl, the Democratic Primaries, the coronavirus or the stock market, it's understandable if you missed a little piece of legislation the Congress passed and President Trump signed ...
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Facebook cancels F8 conference, citing coronavirus concerns Facebook has confirmed that it has canceled its annual F8 developers conference over growing concerns about the COVID-19 coronavirus pandemic. More specifically, the company says it's canceling the "in-person component," which would have been held ...
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Best Buy CEO says lessons it learned from tariffs are helping as it adapts to coronavirus Best Buy said very few of its Chinese vendors "are at full, complete capacity at this point." The retailer factored supply chain disruption into its fiscal first-quarter and full-year guidance. It said it expected most of the coronavirus' effect to be concentrated in the ...
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3 Top-Performing Mutual Funds to Consider for Your Retirement Portfolio- February 24, 2020 (Revised) The funds in our "Magnificent Retirement Mutual Funds" list are among the best managed and best performing mutual funds available. If you are just finding out about our Top-Ranked Funds list, we welcome you! How can you tell a good mutual fund from a ...
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Hudson's Bay Co secures shareholder approval to become a private company NEW YORK (Reuters) - Saks Fifth Avenue owner Hudson's Bay Co said on Thursday it won shareholders' approval to become a private company in a C$2 billion deal proposed by Chairman Richard Baker. FILE PHOTO: A man exits a Hudson's Bay ...
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Corona will continue controversial promotion for hard seltzer amid coronavirus outbreak Constellation Brands will continue a marketing push for its new Corona Hard Seltzer amid an unlucky tie to the coronavirus. A promotional post on Twitter for its new hard seltzer drew criticism on the platform, from those claiming it was in poor taste or just "bad ...
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Bank of America economist forecasts 'gloom not doom' for global economy A global recession can't be ruled out due to the COVID-19 virus epidemic, although for now that is not the forecast, said Ethan Harris, global economist at Bank of America, on Thursday. The bank's economic team is forecasting "gloom, not doom" — with ...
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Crocs' Quarter Proves Foam Clogs Are Cool Again Crocs (NASDAQ:CROX), the maker of funky foam shoes that were all the rage in 2007, is back in a big way. Riding a wave of rekindled love for the ultra-comfortable footwear, the company has improved its fourth-quarter top line to the tune of 22%, reaching a ...
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Zoom Teleconferencing Mania Drives Up the Wrong Stock as Investors Seek Virus Plays As investors cast around for bullish plays on the coronavirus crisis, they have latched on to videoconferencing stock Zoom Video Communications, which has soared 70% year to date to an all-time high, driving the stock to a $32 billion market capitalization.
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Nearly a Third of Firms in China Suffer Shrinking Revenues as Coronavirus Bites: Survey BEIJING — Nearly a third of companies operating in China have seen their revenues slashed as the coronavirus outbreak disrupts activity, a survey by the American Chamber of Commerce (AmCham) in China showed on Thursday. Travel restrictions and ...
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Regions to buy equipment finance firm Ascentium Regions Financial in Birmingham, Ala., is buying a Texas-based equipment finance firm as part of a broader effort to expand its small-business offerings. The $126 billion-asset Regions said Thursday that it has agreed to acquire Ascentium Capital in ...
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Uber launches new translation tool with more than 100 languages It's great to get out of the country. But what happens when you get to Colombia or France or Belarus, finally sort out your phone and find some free WiFi, pull up the Uber app, order a ride on your phone just like you do back home, and then your driver ...
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Apple CEO Tim Cook: China getting coronavirus under control 'It feels to me that China is getting the coronavirus under control,' Cook tells FOX Business' Susan Li. Facebook; Twitter; Comments; Print; Email. By Audrey ConklinFOXBusiness. close. Apple CEO Tim Cook discusses his optimism towards China containing ...
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Firefighters Put Out Basement Fire in Central Casper No injuries were reported after Casper Fire-EMS crews responded to and put out a structure fire Wednesday night, according to a news release from the Casper Fire Department on Thursday. The department responded about 10:30 p.m. to reports by nearby ...
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Walmart Is Creating an Amazon Prime-Like Membership Program Somewhere out there, Jeff Bezos must be blushing: Walmart confirmed it is developing an Amazon Prime-like membership program called Walmart+. A spokesperson declined to provide additional details, but Recode, which first reported the news, said the ...
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Passionate pleas roll in for Grand Rapids Best Burger Our polls are open right now for our search for Michigan's Best Burger. These regional polls were pulled together from the hundreds of nominations we received from you, our readers. In fact, we got over 500 nominations in total from across the state.
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Local marijuana company to start selling farm-grown cannabis as its third store opens A local marijuana company will debut its new farm-grown cannabis products this weekend amid the opening of its Chicopee store — its third dispensary in Massachusetts. The products, which will be sold at Theory Wellness Inc.'s dispensaries starting ...
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New Amazon Go Grocery Store Has a Second Secret Weapon Amazon (NASDAQ:AMZN) wants a big piece of the traditional grocery market, but it's going after it in a non-traditional way. The company just opened its first full-sized Amazon Go grocery store in Seattle, and the location has one particular feature that has ...
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Durex Owner to Take $6.5 Billion Impairment After Baby Formula Bet Turns Sour Consumer goods giant Reckitt Benckiser Group PLC said Thursday it would take a £5.04 billion ($6.53 billion) impairment related to a 2017 deal to buy baby formula producer Mead Johnson, after weak sales and lower prospects for the unit in China. Reckitt ...
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AB InBev sees 10% hit to first-quarter profit from coronavirus BRUSSELS (Reuters) - The world's largest brewer Anheuser-Busch InBev (ABI.BR) forecast a 10% decline in first-quarter profit on Thursday after the coronavirus outbreak hit beer sales during the Chinese New Year, sending its shares skidding. FILE PHOTO: ...
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McDonald's customer given a 'monstrosity' when he asked for 'extra cream cheese' on bagel This guy looks like he's set with cream cheese for the rest of the year. A McDonald's customer in Canada shared a photo of what happened when he ordered a bagel with "extra cream cheese." It seems that the worker handling his order may have taken him a ...
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Tellurian rattled as Indian buyer seeks competing deal Houston-based Telluraian, along with its $28 billion export project, has been rattled by the attempts of a potential major customer in India to probe the market for competing supplies, highlighting mounting pressure on sellers amid a global glut of the fuel.
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Tesla Seen Vulnerable to Rising Competition in Maturing EV Market Tesla (TSLA) - Get Report shares kicked into reverse after a Morgan Stanley report questioned whether the electric-vehicle giant can sustain its dominance of the market. On a day when the broad market is down amid anxiety about the coronavirus outbreak, ...
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Dunkin' releases 'Snackin' Bacon' on menus nationwide If you're achin' for bacon, Dunkin' is now serving the snack of your dreams at participating locations nationwide. As of Wednesday, the coffee chain officially started serving up the sizzling new Snackin' Bacon with Sweet Black Pepper seasoning at select ...
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Powerball tickets worth $150K and $50K sold in NJ as jackpot climbs to $80M A pair of third-prize Powerball lottery tickets - one worth $150,000 and the other valued at $50,000 - were sold in New Jersey for Wednesday's lottery drawing. No one hit the jackpot, pushing the top prize for Saturday's drawing to an estimated $80 million with ...
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Britain to Consider Next Steps on Heathrow Expansion After Court Ruling LONDON — Britain will set out its next steps in due course regarding expansion at Heathrow Airport after a court ruled the plan was unlawful on environmental grounds, transport minister Grant Shapps said on Thursday. London's Court of Appeal ruled that ...
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Bath & Body Works expansion plans rattle some nerves L Brands on Wednesday reported that fourth quarter net sales fell to $4.7 billion from $4.9 billion in the year-ago quarter, as comparable sales fell 2%. It was the last quarter the company is expected to report results from Victoria's Secret, of which a majority ...
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Reddit's CEO Explosively Describes TikTok as 'Parasitic' and 'Spyware' The CEO of Reddit slammed TikTok, the short-form video app that has taken Generation Z by storm, at an event on Wednesday. Grow Your Business, Not Your Inbox. Stay informed and join our daily newsletter now! Email. Will be used in accordance with our ...
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Stage Stores Reportedly Closing 60 Doors, Laying Off Staff As Chapter 11 Rumors Heat Up Amid ongoing struggles, Stage Stores, Inc. has reportedly laid off corporate staff and slated dozens of doors for closure. According to a Retail Dive report, the Houston-based company has plans to shutter more than 60 stores under the Gordmans nameplate, ...
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Mexico's Pemex posts massive 2019 loss in bitter blow to president MEXICO CITY (Reuters) - Petroleos Mexicanos posted a 345.5 billion peso ($18.3 billion) loss for 2019 on Thursday, nearly doubling the previous year's loss and dealing a major blow to the Mexican president's quest to revive the heavily-indebted state oil ...
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Oceaneering International will add 135 jobs to Maryland operations Oceaneering International, a Houston engineering firm that makes products such as underwater remote vehicles, is adding 135 jobs to its Hanover operations. The company employs 463 people there and plans to expand to 600 workers by the end of 2023.
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This chart shows the record-setting plunge in Treasury yields will hinge on what stocks do from here As the 10-year U.S. Treasury yield extends it slide into record territory, one strategist says a further rally in the bond-market will depend on whether the stock-market selloff can keep up its dizzying pace. The drop in bond yields has consistently followed the ...
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14 new E. coli cases linked to sprouts from Jimmy John's, FDA says An outbreak of 14 new E. coli illnesses were likely caused by sprouts from Jimmy John's, federal authorities said Wednesday, marking the sixth outbreak linked to the Champaign, Ill.-based sandwich chain. The new illnesses were reported in Illinois, Iowa, ...
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Fear index up 52% this year as coronavirus spooks stocks Mumbai: An index tracking market volatility, or the fear gauge, soared more than 50% this year as a deadly coronavirus epidemic swept across the globe, indicating the sell-off that stripped ₹3.14 trillion of investor wealth in India this year may not be over yet.
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Thyssenkrupp to sell elevators unit to Advent and Cinven – sources FRANKFURT/DUESSELDORF (Reuters) - Thyssenkrupp has agreed to sell its elevators division to a consortium of Advent, Cinven [CINV.UL] and Germany's RAG foundation, three sources close to the matter told Reuters. The bidding group prevailed against ...
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Junk-bond issuance stops 'dead in its tracks' on coronavirus fears Almost $3 billion has fled junk-bond exchange-traded funds in just the first two days of this week, issuance of new debt has dried up and underlying bonds have suffered their worst slump in almost a decade. It's a sharp reversal for a bellwether corner of the ...
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IRS turns to tech in tax-cheat crackdown The IRS may be dealing with a shortage of staffers – but it is still hoping to crack down harder on tax evaders. Continue Reading Below. The solution? New technology. In a speech this week at the University of California, Irvine, IRS Commissioner Charles ...
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Data centers use less energy than you think If the world is using more and more data, then it must be using more and more energy, right? Not so, says a comprehensive new analysis. Researchers at Northwestern University, Lawrence Berkeley National Laboratory and Koomey Analytics have ...
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The new Citroen Ami is a car for 14-year-olds and not just for bedroom walls. This is actually happening people. Greg Potts. 27 Feb 2020. Facebook · Twitter · Google+ · WhatsApp · Mailto · Copy link. Show/hide. 0. PrevNext. Full screen. PrevNext. 1/7 ...
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Steven Madden: 4Q Earnings Snapshot LONG ISLAND CITY, N.Y. (AP) _ Steven Madden Ltd. (SHOO) on Thursday reported fourth-quarter earnings of $17.8 million. On a per-share basis, the Long Island City, New York-based company said it had net income of 21 cents. Earnings, adjusted for ...
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Satellite almost on empty gets new life after space docking CAPE CANAVERAL, Fla. (AP) — A communication satellite almost out of fuel has gotten a new life after the first space docking of its kind. Northrop Grumman and Intelsat announced the successful link-up nearly 22,500 miles (36,000 kilometers) above Earth ...
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Marquee Sports Network adds new cable provider, but it's not Comcast The Cubs' Marquee Sports Network announce a new carriage agreement with WOW cable. WOW serves the south, west and northwest suburbs as well as northwest Indiana. WOW will begin broadcasting Marquee on March 13, according to a release from ...
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Roblox Building A Busier Platform With $150M Series G Andreessen Horowitz-Led Round Gaming platform Roblox raised $150 million in a Series G round led by Andreessen Horowitz's (a16z) Late-Stage Venture Fund. Subscribe to the Crunchbase Daily. The new round, which included participation from new investors Temasek and Tencent ...
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US GDP is one economic indicator coronavirus hasn't hit The damage to the US economy from the coronavirus outbreak could actually look less severe in the statistics than it really is because of what the illness will do to international trade. The gross domestic product is the common way we measure economic ...
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Carolina Beer Guy: Popular winter beer festivals return Beer festival season is cranking up for 2020 with two sudsy celebrations lined up for the end of this month and early March. On tap are plenty of beloved beers along with many breweries making their debuts at established events. And, given that it's still winter, ...
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Distractions, drinking and darkness contribute to 30-year high in pedestrian deaths, report says Pedestrian fatalities on U.S. roads have increased by more than 50 percent over the past decade, while deaths of people riding in cars, trucks and other vehicles remained essentially unchanged, according to an analysis of federal and state data released ...
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