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Refiner PBF Energy sells unit, cuts spending to boost cash reserves (Reuters) - PBF Energy, the sixth largest U.S. oil refiner, on Monday said it will cut spending, reduce production to minimum levels and raise cash by selling one of its operations as demand for gasoline and fuels tumbles because of the coronavirus pandemic.
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Exor Nears $200 Million Investment in Ride-Share Company Via Exor NV, the holding company of Italy's Agnelli family, is nearing an investment in ride-share company Via Transportation Inc. that would mark its first big foray into the technology sector. Exor plans to invest $200 million in New York-based Via, according to ...
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Shell pulls out of Lake Charles LNG project (Reuters) - Royal Dutch Shell has pulled out of a major liquefied natural gas (LNG) in Louisiana following the recent crash in oil and gas prices that has forced the company to make deep spending cuts. FILE PHOTO: The logo of Royal Dutch Shell is seen at a ...
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Pressure Mounts on Insurance Companies to Pay Out for Coronavirus Lawmakers and regulators are pressuring insurers to go beyond the legal language of policies to get cash to Americans amid the mounting cost of shutdowns from the coronavirus pandemic. In at least three states, lawmakers have proposed legislation to ...
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Every Homeowner Should Avoid These 5 Costly Mortgage Refinancing Mistakes With mortgage interest rates at record lows, many homeowners are choosing to refinance their mortgages. If you've been thinking about taking the same step, keep scrolling. I've listed out five of the biggest refinancing mistakes that homeowners can make ...
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Work strikes at Amazon, Instacart and Whole Foods show essential workers' safety concerns Several groups of workers considered essential during the coronavirus crisis say they are planning work stoppages as ways to get improved safety measures and paid leave. For Tuesday, employees at Whole Foods have planned a "sick out" over demands ...
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What to watch today: Dow set to continue last week's upswing as Trump extends social distancing measures U.S. stock futures were pointing to a gain for the Dow Jones Industrial Average at Monday's open after President Donald Trump on Sunday extended national social-distancing guidelines to April 30 and prepared the nation for a death toll that could exceed ...
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Oil-Field Servicer CARBO Ceramics Files for Bankruptcy Oil-field-services company CARBO Ceramics Inc. filed for bankruptcy protection after reaching a deal with its senior lenders on a debt-for-equity swap. The Houston-based company, which provides ceramic technology used by shale drillers that rely on ...
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GRAINS-Corn slumps as ethanol makers feel coronavirus constraints ... * Corn down as oil rout pressures ethanol, soybeans follow. * Eye on South American shipments amid coronavirus curbs. * Market awaits USDA plantings, quarterly stocks data (Recasts with U.S. market open, adds quote, updates prices, changes byline, ...
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Collaboration Software Startup Clubhouse Grows 233% In Six Months Clubhouse, which bills itself as "the collaborative home for modern software teams", reports that it has grown from 30,000 registered users to over 100,000 since September 2019. In a field awash with alternatives like Asana, Jira, and Trello, Clubhouse has ...
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Why Shares of Spirit Airlines Are Falling Today Shares of Spirit Airlines (NYSE:SAVE) fell 21% at the open on Monday, and were down 11% at noon, after the discount airline adopted a so-called poison pill to ward off unsolicited takeover interest. Airline shares have been beaten down by the COVID-19 ...
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OneWeb goes bankrupt, lays off staff, will sell satellite-broadband business OneWeb has filed for bankruptcy and intends to sell its business, bringing an abrupt end to the company's plan to offer high-speed satellite Internet service around the world. OneWeb announced Friday that it "voluntarily filed for relief under Chapter 11 of the ...
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Wall Street Executive Succumbs To Coronavirus Complications Jefferies announced on Sunday the passing of Peregrine Broadbent, the investment bank's long-serving chief financial officer, from complications linked to the coronavirus. Broadbent, known as Peg, assumed the CFO post at the New York-based Jefferies in ...
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Lockdown set to stymie Fiat attempt to restart some Italian production MILAN (Reuters) - A probable extension of Italy's lockdown could frustrate an attempt by Fiat Chrysler (FCHA.MI) to resume some vehicle production at three Italian plants next week, a union representative said on Monday. This video file cannot be played.
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Axsome Therapeutics' Key Drug Candidate Whiffs in Phase 3 Trial The company's depression drug AXS-05 failed to meet its primary endpoints in the study, although it did hit the secondary endpoints. Taylor Carmichael. (TMFSaintCroix). Mar 30, 2020 at 1:35PM. Author Bio. Taylor Carmichael is a former attorney and ...
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Sanofi, Regeneron hustle Kevzara into second pivotal coronavirus study Sanofi and Regeneron's Kevzara is now being evaluated in the U.S. and abroad as a possible treatment for COVID-19. (Pixabay). Share Facebook Twitter LinkedIn Email Print. In the hunt for a COVID-19 treatment, Sanofi and Regeneron have thrown their ...
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MGM Resorts Won't Accept Coronavirus Bailout Money MGM Resorts (NYSE:MGM) is the biggest casino operator on the Las Vegas Strip, and though all of its resorts in the country are closed and those it has in China are suffering from dramatically lower visits due to the coronavirus pandemic, it announced it will ...
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Harley-Davidson grants board seat to investor Impala (Reuters) - Harley-Davidson Inc (HOG.N) said on Monday it would hand one board seat to Impala Asset Management in a settlement just days after the investor began pressing to replace two directors at America's oldest and best-known motorcycle maker.
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J&J, Moderna sign deals with US to produce possible coronavirus vaccines (Reuters) - The U.S. government has cut deals with Johnson & Johnson (JNJ.N) and Moderna Inc (MRNA.O) and said it is in talks with at least two other companies to expand manufacturing capacity within the United States for vaccines to prevent the new ...
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Coronavirus could disrupt how you handle your credit card debt 59% of credit card holders, or 110 million adults, entered the downturn with credit card debt. Many of those borrowers have been carrying those balances for more than a year. While conventional wisdom calls for knocking down those debts fast, you may want ...
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Abbott Labs Surges After FDA Authorizes 5-Minute Coronavirus Test Shares of ABT stock popped Monday after the medical giant launched a coronavirus test capable of detecting the virus within five minutes. X. Error loading player: No playable sources found. Importantly, the Food and Drug Administration granted Abbott ...
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IMF Says ECB, ESM Support Key to Strong EU Coronavirus Response WASHINGTON — The International Monetary Fund said on Monday the relaxation of the euro zone's fiscal rules and support from the European Central Bank and the European Stability Mechanism is critical to a strong regional response to the coronavirus ...
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Dallas Fed's Factory Index Plunges to Record Low in March A Federal Reserve gauge of manufacturing in Texas tumbled to a record low in March as more of the nation's factories reeled from the pandemic. The Dallas Fed said Monday that its general economic index decreased to minus 70, the lowest reading in data ...
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Gannett Announces Pay Cuts and Furloughs Across Entire Media Company One of the largest newspaper companies in America on Monday announced massive furloughs and pay cuts across the company due to plummeting advertising revenue in the wake of coronavirus pandemic. In an email to staff, obtained by The Daily Beast, ...
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ETF Asset Flow Roundup of Last Week Last week acted as a breather for Wall Street in recent times as the joint efforts of the Fed and the U.S. government led to a market rally. The S&P 500, the Dow Jones and the Nasdaq gained 10.3%, 12.8% and 9.1% last week, respectively, on the $2-trillion ...
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Coronavirus stimulus package offers relief for retirees with RMD waiver and penalty-free 401(k) withdrawals While many people have focused on the checks they may get as a result of the massive legislation passed to mitigate the economic impact of the coronavirus, there's very important but little-noticed relief for retirees. Tucked in the Coronavirus Aid, Relief, and ...
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US pending home sales rise 2.4% in February WASHINGTON, March 30 (Reuters) - Contracts to buy previously owned homes rose for the second straight month in February, the National Association of Realtors said on Monday. The NAR's pending home sales index increased to a reading of 111.5, ...
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Grounded easyJet faces further turbulence with Stelios negotiations Founder is embroiled in a row with the airline as he demands it ditches an order for 107 Airbus aircraft. Mon 30 Mar 2020 14.16 EDT Last modified on Mon 30 Mar 2020 14.19 EDT. Share on Facebook · Share on Twitter · Share via Email. Shares. 0. 0. EasyJet ...
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Brooks Brothers fights coronavirus by making protective equipment for health care workers Menswear retailer joins Hanes, Neiman Marcus, Canada Goose and more retailers making medical supplies. Facebook; Twitter; Comments; Print; Email. By Jeanette SettembreFOXBusiness. close. Macy's will furlough a majority of their employees as sales ...
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Dallas hospital to receive face shields made by Toyota Toyota anticipates starting face shield production early this week in some of its idled factories, and a Dallas hospital will receive some of the face shields. Toyota said a couple of Texas hospitals will be among the first wave of distribution including UT ...
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Three Ways Cognitive Analytics Can Transform Supply Chain Functions | A Free Resource by Quantzig LONDON--(BUSINESS WIRE)--Mar 30, 2020--. Quantzig, a leading analytics advisory firm that delivers customized analytics solutions, has announced the completion of its free resource on how cognitive analytics is helping businesses to reshape supply ...
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FDA Approves New First-Line Treatment for Metastasized Small Cell Lung Cancer 2020-03-30 16:46:00. Aislinn Antrim, Assistant Editor. The FDA has approved durvalumab (Imfinzi, AstraZeneca), in combination with etoposide and either carboplatin or cisplatin, as a new first-line treatment for patients with extensive-stage small cell lung ...
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2021 Genesis G80 sedan debuts online as coronavirus shuts car shows Car shows may be getting canceled, but the parade of new models carries on. (Genesis). Genesis was expected to debut its new 2021 G80 sedan adjacent to the now-postponed New York Auto Show in April, but has revealed it on the internet ahead of ...
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HEXO Corp reports second quarter fiscal 2020 financial results Key Operating Highlights. Net Revenue increased 17% to $17.0M from $14.5M in Q1; Adult-use grams and gram equivalents sold increased 57% to 6,579 kg compared to prior quarter; Production levels increased to 22,305 kg from 16,107 kg in the previous ...
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EPB flips the switch on 27 hotspots around the city to keep students connected Hamilton County students and their families now have access to free EPB Quick Connect WiFi hotspots at 27 locations across the community to help with online learning as classes are suspended amid the coronavirus pandemic. EPB worked with Hamilton ...
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Colorado Springs King Soopers employee tests positive for coronavirus An employee at a Colorado Springs King Soopers location has tested positive for the novel coronavirus, public health officials announced Monday. "Based on our assessment of the situation, and the fact that this individual worked several days while ...
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Six Flags, White Water to be closed until mid-May amid COVID-19 outbreak Six Flags over Georgia and White Water will remain closed until at least mid-May as COVID-19, the disease caused by the new coronavirus, continues to spread across the state. Six Flags previously announced that parks would be closed through March, ...
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Dollar General announces discount for medical personnel, first responders and National Guardsmen GOODLETTSVILLE, Tenn. (WGEM) -- Dollar General says it is now providing all medical personnel, first responders and activated National Guardsmen with a 10% discount for their ongoing work during the COVID-19 pandemic. "To demonstrate our heartfelt ...
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How Central Ohio businesses can emerge stronger after the pandemic Thomas Stewart, executive director for the National Center for the Middle Market at Ohio State University, said now is the time to "telescope." Larry Hamill. By Tristan Navera – Staff reporter, Columbus Business First. Mar 30, 2020, 1:27pm EDT.
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Michigan Kroger stores hiring 2000 workers over next few weeks DETROIT – Grocery store chain Kroger is amplifying hiring efforts, adding 2,000 new workers over the next several weeks. All hiring efforts are in response to continuing to provide fresh food and useful supplies to communities across the state during the ...
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Student learns she's school valedictorian at drive-thru window where she works GRAND TRAVERSE, Mich. (CNN/Gray News) – A school principal in Michigan didn't let coronavirus-related closures and social distancing get in the way of announcing this year's valedictorian. Grand Traverse Academy (GTA), like many parts of America, has ...
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Walmart installing sneeze barriers, social distancing decals at checkout lanes LITTLE ROCK (KATV) — Walmart is installing sneeze barriers and social distancing decals at stores across the country to help limit the spread of the coronavirus. The plexiglass barriers will be installed at pharmacies and checkout lanes at Walmart and Sam's ...
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Businesses urged to buy nearly 50000 surplus boxes of Girl Scout cookies ERLANGER March 30, 2020 Girl Scouts of Kentucky's Wilderness Road (GSKWR) relies heavily on cookie sales as they represent over 80% of its annual operating budget and provide girls and their troops the opportunity to set goals and earn their own ...
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State offering training to restaurants to sell food, pantry items Michigan restaurants will soon be able to sell food and pantry items. The Michigan Restaurant & Lodging Association (MRLA) and the Michigan Department of Agriculture and Rural Development (MDARD) announced the statewide partnership to make this ...
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Japanese bank SMBC agrees cash infusion for Ares One of Japan's biggest banks is providing a $384m cash infusion to Ares Management Corporation, a US investment group that has become a key part of the country's emerging non-bank "shadow" lending sector. Sumitomo Mitsui Banking ...
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Major airlines urge US Treasury to disburse assistance quickly By David Shepardson. WASHINGTON (Reuters) - Major U.S. airlines asked the U.S. Treasury to move quickly to release up to $58 billion in government grants and loans and recommended a formula to divide up the money. In a letter dated Saturday and seen ...
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Penn National Gaming Sells the Tropicana Real Estate Assets on the Strip Penn National Gaming Inc., the parent company of the Tropicana, sold the real estate assets of the resort on the Strip to Gaming & Leisure Properties for $337.5 million in rent credits on Friday. Penn National will continue to run the resort, one of 41 it owns in ...
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What employers should know to protect workers during COVID-19 crisis SALT LAKE CITY — The coronavirus outbreak has forced many employers and the people who work for them to make major adjustments to how they operate. And while civic leaders devise plans to mitigate the unprecedented health crisis, local legal experts ...
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Are Options Traders Betting on a Big Move in Royal Caribbean (RCL) Stock? Investors in Royal Caribbean Cruises Ltd. RCL need to pay close attention to the stock based on moves in the options market lately. That is because the Apr 17, 2020 $20.00 Put had some of the highest implied volatility of all equity options today. What is ...
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Coronavirus Latest: Tower Health Asking For Personal Protective Equipment Donations In COVID-19 Response Efforts PHILADELPHIA (CBS) – Tower Health is in need of personal protective equipment for its health care workers so they can safely treat patients and prevent the spread of COVID-19. The health care provider has released a list of locations where residents can ...
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