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Brent hits 18-year low, US crude dips below $20 per barrel NEW YORK (Reuters) - Global oil benchmark Brent crude plunged to its cheapest in 18 years on Monday, while U.S. crude briefly tumbled below $20 per barrel, on heightened fears that the global coronavirus shutdown could last months and demand for fuel ...
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3 Reasons Norwegian Cruise Line Stock Should Outperform Carnival and Royal Caribbean The smallest of the three cruise chains could come out ahead in this brutal operating climate for the industry. Rick Munarriz. (TMFBreakerRick). Mar 30, 2020 at 11:55AM. Author Bio. Since 1995, Rick has been writing for The Motley Fool, where he's a ...
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These companies are racing to roll out COVID-19 treatments New York (CNN Business) Big Pharma companies and biotechs are racing to come up with an effective treatment for the COVID-19 novel coronavirus. Several high profile companies are working on new experimental vaccines. Drug giant Johnson & Johnson ...
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Dow Jones News: Microsoft Cloud Demand Soars; United Technologies' Merger Almost Complete Stay-at-home orders are boosting Microsoft's cloud business, and United Technologies is set to close its merger with Raytheon on Friday. Timothy Green. (TMFBargainBin). Mar 30, 2020 at 12:16PM. Author Bio. Tim writes about technology and consumer ...
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Mortgage Bankers Facing Wave of Margin Calls Recent intervention by the Federal Reserve is now triggering a wave of margin calls by broker-dealers who sold hedges to mortgage bankers, according to a letter the Mortgage Bankers Association (MBA) sent regulators. The main issue, according to the ...
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Gilead CEO says coronavirus hopeful remdesivir will be 'affordable,' but it could still rake in revenue Gilead will make remdesivir affordable to patients if it's approved for the novel coronavirus, CEO Daniel O'Day said. (Gilead). Share Facebook Twitter LinkedIn Email Print. Will Gilead Sciences make a fortune out of remdesivir if the antiviral proves effective ...
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Macy's is furloughing most of its 125000 employees amid prolonged coronavirus shutdown Macy's is furloughing most of its 125,000 employees after losing nearly all its sales due to coronavirus-related store closures, the nation's largest department store chain said Monday. Its 839 Macy's, Bloomingdales and Blue Mercury stores have been ...
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Bob Iger to Give Up Salary, Other Senior Disney Executives to Take Pay Cuts Disney has joined the list of companies implementing sizable pay cuts for senior executives amid the upheaval caused by the coronavirus crisis. Bob Iger, who shifted from chairman-CEO to executive chairman last month, has opted to forgo his salary for the ...
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Instacart shoppers say company's response to strike demands are 'insulting' Over the weekend, Instacart outlined its plans to better support shoppers amid the COVID-19 pandemic. For starters, Instacart has begun distributing its own hand sanitizer and disinfecting supplies and is working to place sanitation stations inside some ...
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AstraZeneca's Imfinzi gets FDA green light to challenge Roche in small-cell lung cancer The new indication for AZ's Imfinzi could help it rack up $413 in U.S. sales, SVB Leerink analysts have estimated. (AstraZeneca). Share Facebook Twitter LinkedIn Email Print. Move over, Roche. There's a new small-cell lung cancer therapy on the scene, and ...
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Standard General withdraws nominee to Tegna board March 30 (Reuters) - Standard General, the hedge fund battling for board seats at Tegna Inc, said on Monday it withdrew one of its five director nominees after discovering a "contractual restriction" on him serving on the U.S regional TV station operator's board ...
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Lockdown Set to Stymie Fiat Attempt to Restart Some Italian Production MILAN — A probable extension of Italy's lockdown could frustrate an attempt by Fiat Chrysler to resume some vehicle production at three Italian plants next week, a union representative said on Monday. Italy has banned travel within the country and ordered a ...
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Bellerophon Announces $15.3 Million Registered Direct Offering Priced At-the-Market WARREN, N.J., March 30, 2020 (GLOBE NEWSWIRE) -- Bellerophon Therapeutics, Inc. (Nasdaq: BLPH) ("Bellerophon" or the "Company"), a clinical-stage biotherapeutics company, today announced that it has entered into definitive agreements with several ...
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Here's Why Axsome Therapeutics Fell as Much as 14.7% Today Shares of Axsome Therapeutics (NASDAQ: AXSM) fell nearly 15% today after the company reported results for the STRIDE-1 phase 3 study. The company's lead drug candidate, AXS-05, was pitted against an active comparator in treatment-resistant ...
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Shell drops out of Energy Transfer's Lake Charles LNG project Dallas pipeline operator Energy Transfer will proceed alone with the proposed Lake Charles LNG export terminal after Royal Dutch Shell has decided to leave the multibillion project. Shell said Monday that it will continue to support Energy Transfer with the ...
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Southwest CEO Seeks Cost Cuts With Airline 'Living Day to Day' Southwest Airlines Co. is "living day to day," its chief executive officer said, urging employees to keep cutting expenses wherever possible as the new coronavirus continues to erode travel. Southwest is evaluating the complex $50 billion federal program that ...
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US Pending Home Sales Rise 2.4% in February WASHINGTON — 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, up 2.4% from the prior ...
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Medtronic Makes Plans for a Ventilator Open-Source The medical device maker is giving the schematics and software away free so that other manufacturers can help address the shortage of portable ventilators. Cory Renauer. (TMFang4apples). Mar 30, 2020 at 12:19PM. Author Bio. Cory is a long-term minded ...
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Dollar General Offers 10% Discount to Healthcare Workers and National Guard Dollar General (NYSE:DG) is offering a 10% discount to healthcare workers, first responders and National Guardsmen at all of its approximately 16,300 locations in the U.S. The discount is available starting today and continuing through April 30. Qualifying ...
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Coronavirus delays Six Flags Great Adventure 2020 opening. What if you have season passes, tickets? Six Flags Great Adventure has pushed back its opening day until at least mid-May because of the coronavirus pandemic, park officials said. Six Flags Great Adventure & Safari and Six Flags Hurricane Harbor were originally scheduled to open for the 2020 ...
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McDonald's Waives Delivery Fees for Uber Eats, DoorDash McDonald's (NYSE:MCD) had been investing heavily in delivery well before the coronavirus temporarily changed how Americans live. That timing was fortuitous as the restaurant chain has the capacity to deliver to its customers who are forced to stay at home ...
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BNY Mellon Names Interim Head Gibbons as CEO (Reuters) - Bank of New York Mellon Corp on Monday named interim head Thomas Gibbons as chief executive officer, effective immediately. Gibbons has been in charge at the bank since September 2019, after Charles Scharf left to take the top job at Wells ...
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Kroger to Accept Furloughed Sysco Employees as Temporary Workers The supermarket chain operator will effectively borrow these workers, who are technically still employed by Sysco. Eric Volkman. (TMFVolkman). Mar 30, 2020 at 9:05AM. Author Bio. Eric has been writing about stocks and finance since the mid-1990s, when ...
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MedMen Gets Support From Gotham Green, Withdraws Guidance Due To Coronavirus Cannabis retailer MedMen Enterprises Inc. (CSE: MMEN) (OTC: MMNFF) said Monday it has closed on $12.5 million in extra gross proceeds as part of its $250 million senior secured convertible debt facility led by Gotham Green Partners associated funds.
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China's Geely warns of virus headwind after 35% 2019 profit drop By Yilei Sun and Brenda Goh. BEIJING, March 30 (Reuters) - China's Geely Automobile Holdings Ltd 0175.HK on Monday said 2020 may be "amongst the most difficult years" in its history, as pressure stemming from the coronavirus pandemic on production ...
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MediPharm Touts 'Transformational Year,' Posts $22.6M In Q4 Revenue Cannabis producer MediPharm Labs Corp. (TSX: LABS) (OTC: MEDIF) said Monday that "2019 was a transformational year" for the Ontario, Canada-based company. "We were one of only a very few cannabis companies to successfully execute on its strategy ...
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Virgin Atlantic asks UK government for financial help: source LONDON (Reuters) - Virgin Atlantic has asked the UK government for emergency financial help in addition to the coronavirus package made available to all British companies, said a source familiar with the situation. Virgin Atlantic, which is based in the UK ...
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Nintex Partner Program Achieves 5-Star Rating from CRN for Second Consecutive Year BELLEVUE, Wash., March 30, 2020 /PRNewswire/ -- Nintex, the global standard for process management and automation, today announced that CRN®, a brand of The Channel Company, has recognized Nintex in the 2020 Partner Program Guide with its ...
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2021 Genesis G80 revealed with sleek style, turbo power The new G80 has a very Mercedes-Benz CLS-like shape from this view. That's a good thing. Genesis. The 2021 Genesis G80 is here, and boy, is it a looker. That's not a total shock, of course -- Genesis gave us a preview of its new sedan earlier this month.
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FPL lowering bills to help customers during coronavirus pandemic JACKSONVILLE, Fla. – You might see a little relief in your electric bill as a result of the coronavirus outbreak. Florida Power & Light Company announced a plan Monday to issue a one-time decrease of nearly 25% for the typical residential customer bill as a ...
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Mercy Health seeking personal protective equipment donations Mercy Health is created a central donation mechanism for individuals and organizations looking to donate supplies for its facilities during the COVID-19 outbreak. The health system, which includes Mercy Health-Fairfield Hospital, is accepting donations of the ...
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Avoidable employer legal errors during the pandemic Many questions California employers are addressing during the unprecedented coronavirus pandemic are arising on rapidly shifting legal terrain. As of this writing, California is on statewide lockdown. The legal landscape is bounded by the statutory duty of ...
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'We need more help:' Roundy's holding job fairs on April 1, looking to hire additional 500 employees MILWAUKEE –Roundy's announced Monday, March 30 they will be holding job fairs on Wednesday, April 1 from 10:00 a.m. to 4:00 p.m. at the following store locations to help support the increased demand in on-line ordering: Pick 'n Save East Pointe, 605 E.
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Barclays sets net zero carbon target for 2050 after investor pressure Barclays has bowed to investor pressure over its climate track record and announced plans to shrink its carbon footprint to net zero by 2050. The bank, which has its headquarters in London, has pledged to align all of its financing activities with the goals and ...
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Taste of Cincinnati pushed to 4th of July weekend CINCINNATI (FOX19) -Due to the spread of the novel coronavirus, the Taste of Cincinnati has been pushed from Memorial Day weekend to 4th of July weekend. The Taste of Cincinnati will be coming back to Fifth Street July 3-5, but organizers are offering ...
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Preply Raises $10M For Online Language Learning Platform, Sees Big Spike In Demand Preply, an online language learning startup based in Ukraine, has raised a $10 million Series A amid a surge in demand for its platform. Subscribe to the Crunchbase Daily. The financing brings Preply's total raised since its inception in 2013 to $15.6 million, ...
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Hundreds without power in western Pennsylvania communities Hundreds of people in several western Pennsylvania communities are without power Monday morning. West Penn Power is reporting outages in several counties, including Allegheny, Armstrong, Butler, Fayette, Washington and Westmoreland. Estimates for ...
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Aurea Announces Intention to Acquire BroadVision BroadVision's Powerful Document Creation and Collaboration Tools Strengthen Aurea's Suite of Collaboration Products. Aurea Software, Inc, a leading provider of cloud-based, enterprise-scale software to help businesses drive digital transformation, today ...
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Column: Funds purge CBOT wheat, soy and meal shorts amid virus uncertainties FORT COLLINS, Colo. (Reuters) - Speculators nearly erased bearish bets last week in Chicago-traded soybeans and they brought their wheat bullishness back to life, though this was largely due to short covering, which was a very dominant theme across ...
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Prevent 'Zoombombing': Tips For Keeping Your Zoom Video Meeting Secure SAN JOSE, Calif. (CBS) — With so many people staying at home during the coronavirus pandemic, the use of video conferencing technology for meetings and hangouts has exploded. One of those popular apps, Zoom, is offering tips to make sure uninvited ...
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BMW releases hydrogen powertrain details BMW has revealed new details about a hybrid powertrain which the company aims to utilise in an all-new SUV model. Likely to first be used in a pilot vehicle from 2022, the announcement comes as part of the firm's 'Power of Choice' initiative, which looks to ...
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