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Euro zone banks ditch dividends to build coronavirus war chest ZURICH/LONDON (Reuters) - Banks across the euro zone are tearing up plans to return cash to shareholders at the behest of regulators, instead shoring up reserves as the coronavirus outbreak threatens to tip the world into a deep recession. FILE PHOTO: ...
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Pros And Cons Of Cashing In Points And Miles During The Coronavirus Crisis Over the last five years, an array of travel credit cards with exceptional benefits have hit the market and others have been refreshed to include new perks. The popular Chase Sapphire Reserve® launched in 2016 with great fanfare, for example, but was ...
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Stock market live updates: Futures volatile, Dow's best week since 1938, Trump extends guidelines This is a live blog. Check back for updates. 8:04 am: Stocks exposed to COVID-19 slump in premarket trading. Companies with outsized exposure to the novel coronavirus, and its spread, slumped again in premarket trading Monday after the number of U.S. ...
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The Number Of Daily Flights Is Now Dropping Drastically: The Latest In Aviation Last week, in this article and then a follow-up, we saw that while the number of flights operating around the world has been dropping since the global coronavirus outbreak started getting serious, plenty of planes were still flying for a variety of reasons. This as ...
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Euro zone sentiment in record plunge as coronavirus strikes BRUSSELS (Reuters) - Euro zone sentiment suffered its steepest ever monthly decline in March as the coronavirus led to declining confidence among consumers and all sectors of the economy, in many cases even before crippling lockdowns were imposed.
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EasyJet grounds entire fleet while Loganair bailout looms London (CNN Business) Budget airline EasyJet has become the latest carrier to suspend operations entirely because of the coronavirus. In a statement on Monday, the airline said that it is grounding all 334 of its planes in Europe as a result of travel ...
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PBF Energy's stock surges after asset sales announced, dividend suspended Shares of PBF Energy Inc. PBF, -20.50% surged 5.7% in premarket trading Monday, after the oil refiner announced spending cuts that includes the suspension of its dividend, and announced the sale of assets for $530 million. The company's last quarterly ...
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Cell and gene therapy startup ElevateBio raises $170 million While economic conditions and the ongoing global coronavirus pandemic may not make for the best atmosphere for raising funding, some companies are still announcing round closures with significant money committed. Cambridge-based ElevateBio, for ...
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PNM Resources Affirms FY20 Ongoing Earnings Guidance - Quick Facts (RTTNews) - Energy holding company PNM Resources, Inc. (PNM) on Monday affirmed its ongoing earnings guidance for the full year 2020. The company did this ahead of its virtual meet with analysts as part of the Mizuho Energy Summit later in the day.
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Warren Buffett Says You Will Be Worth 50 Percent More if You Improve This 1 Human Skill Two years ago, Warren Buffett shared the back seat of a car with a young startup founder who was selected to be the Oracle of Omaha's personal escort for a day. Seizing the moment, the twentysomething entrepreneur asked the billionaire Buffett for a ...
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Bangladesh Garment Makers Say $3B in Orders Lost to Virus DHAKA, Bangladesh — Bangladesh garment manufacturers says fashion retailers have cancelled or put on hold more than $3 billion in orders due to the coronavirus outbreak, though a handful have agreed to pay anyway. The data from the Bangladesh ...
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COVID-19 causes Moderna to pause a clutch of clinical trials Moderna has become the latest company to hit pause on clinical trials in response to the COVID-19 pandemic. The biotech, which is leading efforts to develop a COVID-19 vaccine, is pausing enrollment in some infectious and rare disease trials while ...
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First patient treated in Regeneron, Sanofi trial for COVID-19 treatment Regeneron Pharmaceuticals Inc. REGN, -0.61% and Sanofi SA SNY, -1.18% said Monday that the first patient in a global clinical trial testing Kevzara as a therapy for patients hospitalized with severe cases of COVID-19 has been treated. The patient is not ...
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Cal-Maine shares rise premarket after earnings beat estimates Cal-Maine Foods Inc. shares CALM, +5.47% rose 2.2% in premarket trade Monday, after the egg producer beat earnings estimates for its fiscal third quarter. The Jackson, Miss.-based company said it had net income of $13.7 million, or 28 cents a share, in the ...
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Meituan Joins Tech Giants Struggling to Gauge Covid-19 Fallout Meituan Dianping projected losses and a revenue fall this quarter but warned of uncertainty over the course of 2020, joining fellow tech giants around the world now struggling to come to grips with the economic and logistical shocks from Covid-19. Backed by ...
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Performance Food Group suspends stock buybacks, draws on its credit facility Performance Food Group Co. PFGC, -8.16% said Monday it is suspending its stock repurchase program, as part of measures taken to protect its financial position in light of the uncertainties related to the COVID-19 pandemic. The foodservice distribution ...
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Area businesses starting to ask about federal Payroll Protection Program because of COVID-19 Angie Hibben, president and CEO of the Oswego Area Chamber of Commerce, said there already has been some interest about $350 billion in federal emergency loans available for small businesses that the U.S. Congress approved last week to help keep ...
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Jefferies CFO Peg Broadbent dies at 56 of complications linked to coronavirus The chief financial officer of Jefferies Group has died due to complications linked to the coronavirus, the company announced. He was 56. In a joint statement Sunday, Jefferies CEO Rich Handler and chairman Brian Friedman said they are "heartbroken" at ...
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Troubled Payments Group Finablr's Auditor Ernst & Young Leaves (Reuters) - Finablr said on Monday Ernst & Young LLP has resigned as its auditor after the company could not accommodate some of the requested adjustments on time that included changes to the composition of the payments group's board. Ernst & Young ...
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Gas, oil prices plunge as COVID-19 cuts travel With Americans increasingly staying at home to do their jobs, attend school or shop for what they buy, demand for fuel has plunged and pushed gasoline prices locally to the lowest level since early 2016. Analysts said Monday they expect gas prices should ...
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Johnson & Johnson Identifies Lead Coronavirus Vaccine Candidate; Commits To 1 Billion Doses to Address Global ... Johnson & Johnson (JNJ) - Get Report said Monday that is has identified a leading coronavirus vaccine candidate that could result in more than a billion doses available to address the global pandemic. Johnson & Johnson said the vaccine was developed in ...
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Ted Baker names finance chief Rachel Osborne as CEO (Reuters) - Troubled fashion retailer Ted Baker (TED.L) on Monday named Chief Financial Officer Rachel Osborne to the permanent role of chief executive officer, replacing Lindsay Page who stepped down last year. The British company said the search for a ...
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Dollar General offers discount to medical personnel, first responders and National Guardsmen SAN ANTONIO — Starting Monday, March 30, Dollar General is offering a 10 percent discount to medical personnel, first responders and activated National Guardsmen. To qualify for the discount, they must present their employment badge or ID at the store.
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Toyota Motor February Sales Slides 4.6%, While Production Falls 12.2% (RTTNews) - Toyota Motor Corp. (TYT.L, TM) reported a sharp decline in worldwide sales in February to 733,305, down 4.6 percent from the comparable period. The worldwide sales of Toyota were down 3.7 percent to 651,868. Total sales outside Japan ...
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Inside GM's Four-Week Sprint to Build Emergency Ventilators The partnership looked promising. On March 18, General Motors Co. Chief Executive Officer Mary Barra told President Donald Trump's economic adviser Larry Kudlow that the automaker might be able to help make much-needed ventilators, the scarce ...
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Coping: Trying to keep your business from going to the dogs "We used to call ourselves recession-proof," says Kelly Cullum, CEO of Best Friends Fur Ever. Subscribe to get the full story. Already a paid subscriber? Sign in. Subscribe to get the full story. Already a paid subscriber? Sign in. BEST VALUE. Subscribe now ...
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BMW Group reaffirms commitment to hydrogen fuel cell technology BMW announced today its commitment of offering a sustainable hydrogen fuel cell technology in series production vehicles in the near future. According to BMW, the Bavarians are carefully and constructively building a multi-pillar powertrain and mobility ...
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Virginia Tourism launches statewide local restaurant 'takeout week' NORFOLK, Va. — Virginia Tourism has dubbed this week "Virginia is for Restaurant Lovers Takeout Week," and is encouraging people to support local restaurants affected by coronavirus. Their website sports a list of participating restaurants by locality, and ...
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Krispy Kreme offering free doughnuts to healthcare workers on Mondays Krispy Kreme Doughnuts is kicking off National Doctors' Day by providing all healthcare workers a free dozen of original glazed doughnuts. The offer will continue each Monday through National Nurses Week (May 6-12). Healthcare workers can pick up their ...
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Renault: China, South Korea plants restarting after virus shutdown BEIJING/PARIS: French automaker Renault said on Monday (March 30) it was resuming production at two factories in China and South Korea after they were shut down as authorities tried to limit the Covid-19 (coronavirus) outbreak. "All of the group's factories ...
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ATMs working, banks ensuring their branches are open: Nirmala Sitharaman Finance Minister Nirmala Sitharaman today said that all banks are ensuring that their branches are open, ATMs filed up and working. She also lauded the efforts of the bankers who are doing their best during the 21-day lockdown to contain the spread of novel ...
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Standard General Responds To TEGNA'S Announcement On Acquisition Approaches NEW YORK, March 30, 2020 /PRNewswire/ -- Standard General L.P., the largest active shareholder of TEGNA Inc. (NYSE: TGNA), with ownership interest of approximately 9.7% of the Company's outstanding shares, issued the following statement in response ...
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Apple supplier Foxconn's profit down 24% in 4Q 2019 TAIPEI: Taiwanese electronics manufacturer Foxconn reported a 23.7% fall in profit in the last three months of 2019 on Monday as it braces for the impact from the coronavirus pandemic that has hit demand from key customers such as Apple. Foxconn, which ...
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ICICI launches WhatsApp banking. All you need to know Private lender ICICI Bank today announced the launch of banking services on WhatsApp to enable its retail customers to undertake a slew of banking requirements from their home in the time coronavirus lockdown. Customers can check their savings account ...
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Dollar sell-off continues, with EUR/USD, GBP/USD, and AUD/USD on the rise EUR/USD has been losing ground in early trade today, seemingly posting a short-term retracement move for now. With the pair continuing to create higher highs and lows, there is ground for further upside despite this current pullback. With that in mind, ...
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Wesfarmers selling $1.1b Coles stake; UBS, Goldmans on ticket Wesfarmers is selling a $1.1 billion stake in supermarkets group Coles in a trade being handled by UBS and Goldman Sachs on Monday night, sources told Street Talk. The brokers bought the stake at $15.39 a share after market on Monday and were seeking ...
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Sun Pharma shares fall 7% as USFDA may withhold nod to Halol plant products Sun Pharma shares fell almost 7% in the early trading session on Monday after the pharma major's Halol facility was classified an OAI (Official Action Initiated) by USFDA . Sun Pharma received a letter from the USFDA classifying the Halol plant in Gujarat as ...
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CSL shares up 6.9pc, Ansell up 19pc as health drives ASX gains Seventy ASX companies withdrew their earnings guidance last week, on top of the 52 that had already gone down that path in the fortnight before. Macquarie Research believes the acceleration could signal a wave of capital raisings may be on the way.
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Coronavirus-related attacks comprise 80 percent of threat landscape Coronavirus has almost entirely taken over the cybercrime landscape, claims a new report from Proofpoint. According to the report, 80 percent of all possible threat scenarios revolve around the global pandemic. Proofpoint recorded more than 500,000 ...
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What are you doing at quarter past? WebEx wants you on calls then, to ease corona-congestion Cisco's Webex collaboration service has urged users to turn off video and avoid starting meetings on the hour, to help ease pressure on public networks during the coronavirus-avoidance crisis. The service's status page says the global surge of remote ...
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Winners and losers in government's self-employed package. Accounting and tax advisory firm Blick Rothenberg have said there are winners and losers in the government's self-employment income support proposals. "The government and HMRC have worked incredibly hard to get something out which will help the ...
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Australian Dollar US Dollar (AUD/USD) Exchange Rate Steady as 'Greenback' Reflects Market Caution The Australian Dollar to US Dollar (AUD/USD) exchange rate held steady today, with the pairing currently trading around $0.611. The US Dollar (USD) has shown signs of stabilising as the coronavirus (Covid-19) pandemic continues to limit investors' appetite ...
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With 735000 Jobs Lost, Rich Nordic Nations Are in Shock In one of the richest and stablest corners of the globe, about three-quarters of a million people are suddenly out of a job due to the economic standstill triggered by the spread of the coronavirus. With a combined population of roughly 27 million people, the ...
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Leeds-based Panintelligence announces partnership with Massachusetts-based firm A YORKSHIRE-based technology company is joining forces with a US firm as part of its global expansion strategy. By Greg Wright. Monday, 30th March 2020, 6:25 am. Zandra Moore Copyright: other. The Leeds-based business intelligence and data analytics ...
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Coronavirus – Distillers to produce ethanol for hand sanitiser The global distiller William Grant & Son is to supply five million litres of ethanol for use in producing hand sanitiser. The production at its three distilleries in Girvan, Tullamore in Ireland and Tuthilltown in New York State will concentrate on this in the next eight ...
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GameStop to close around 300 stores this year GameStop CFO Jim Bell said that around 300 stores will close this year in their attempt to reduce their number. This was a surprise as the company already mentioned that it will close all California stores indefinitely the other day. No one was expecting that ...
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