Monday, March 30, 2020

Google Alert - finance

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finance
As-it-happens update March 30, 2020
NEWS
Bloomberg
... * Texas energy regulator reissues call for output cuts. * Chevron CEO rebuffs need for mandated production cuts. * Texas pipeline operators warn of glut as storage fills (Adds formal requests for a meeting, comments from Pioneer Natural Resources CEO, ...
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CNBC
Billionaire Mark Cuban has a track record of investing in food companies on ABC's "Shark Tank," especially when it comes to vegan and plant-based companies. And on Friday's episode, a few of the Sharks had a similar interest – but this time around, it was a ...
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Yahoo Finance
Here's one reason stock-market investors aren't convinced the bear-market rout triggered by the global COVID-19 pandemic hasn't bottomed out: a stubbornly high reading for an index known as the VIX. A closely watched measure of stock-market volatility ...
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CNBC
Stock futures climbed slightly higher in overnight trading on Monday, continuing the market's rebound from its deep rout triggered by the coronavirus pandemic. Futures on the Dow Jones Industrial Average rose about 70 points. The S&P 500 futures also ...
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CNN
(CNN) Ford plans to make as many as 50,000 simple ventilators for coronavirus patients within 100 days and plans to continue producing 30,000 per month after that, the company announced Monday. The automaker said it will make the ventilators at its ...
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Forbes
Contributing Author: Bryan Sullivan. Bryon Allen lost the appeal of his racial discrimination suit against Comcast in the Supreme Court. Bryon Allen's racial discrimination suit against Charter Communiactions will be reconsidered. (Photo ... [+] by Greg ...
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Reuters Canada
(Adds quotes, details and background). By Tracy Rucinski. CHICAGO, March 30 (Reuters) - American Airlines Holdings Inc intends to apply for up to $12 billion in government aid, ensuring no involuntary layoffs or pay cuts in the next six months, executives ...
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Reuters
(Reuters) - Yum Brands Inc (YUM.N), owner of Pizza Hut, KFC and Taco Bell restaurant chains, sold $600 million in bonds on Monday, reopening the U.S. market for junk-rated debt issues after its longest lull since the 2008 financial crisis. A vehicle waits at ...
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Reuters
(Reuters) - Visa Inc (V.N) said on Monday its transaction volumes had been hit as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast mid-single-digit percentage revenue growth for the second quarter. "As countries have ...
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USA TODAY
The unemployment rate in the U.S. could reach a staggering 32.1% in the second quarter as 47 million workers are laid off amid the coronavirus outbreak, according to estimates published in a blog by the Federal Reserve Bank of St. Louis. That would be the ...
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Reuters
(Reuters) - Air New Zealand (AIR.NZ) said on Tuesday nearly a third of its employees, about 3,500, will be laid off in the coming months, as it grapples with severe global travel curbs due to the coronavirus that has forced it to cancel nearly all flights.
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TechCrunch
Healthcare and biomedical engineering company Medtronic was in the news recently because Tesla CEO Elon Musk had discussions with the company about the automaker's potential plans to build ventilator hardware in order to address the COVID-19 crisis ...
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TheStreet
Shares of Amarin (AMRN) - Get Report lost more than half their value in after-hours trading Monday after a federal judge ruled patents on one of its medications were invalid, according to a published report. Amarin shares fell $9.08, or 67%, to $4.50 in ...
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USA TODAY
Kohl's stores won't reopen any time soon. With the uncertainty of the coronavirus pandemic, Kohl's Corp. is temporarily furloughing store and store distribution center associates and some corporate office associates. The stores will be closed until further notice ...
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Reuters
(Reuters) - Fiat Chrysler Automobiles NV's (FCHA.MI) (FCAU.N) top executives and salaried workers around the globe will take pay cuts in an act of "shared sacrifice" brought on by the coronavirus pandemic that has shuttered the automaker's plants in Europe ...
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Forbes
On Monday, Forbes revealed Johnson & Johnson subsidiary Janssen Pharmaceutical was handed $450 million to work on a preventative treatment for COVID-19. Later, the pharma giant confirmed the coronavirus vaccine could roll out to the public by early ...
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CNBC
Many U.S. retailers are facing a financial shock from the coronavirus that has yet to be fully addressed by Washington lawmakers, L.L.Bean CEO Stephen Smith said Monday. "I think it's a really serious situation, and I actually don't think it's getting enough ...
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Pensions & Investments
Laurence D. Fink, BlackRock's chairman and CEO, shared his thoughts on the current coronavirus pandemic, BlackRock's response and some of the priorities of the world's largest money manager Monday in his annual chairman's letter to shareholders.
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TechCrunch
Airbnb is committing $250 million to put toward hosts who have been impacted by COVID-19. That means if a guest cancels a reservation for check-in between March 14 and May 31 due to a COVID-19-related reason, Airbnb will pay the host 25% of what they ...
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San Francisco Chronicle
New, faster coronavirus tests that report results within an hour or, in some cases, as fast as five minutes are expected within days at U.S. hospitals, clinics and other testing sites — reducing the long waits that tens of thousands of Californians are facing after ...
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Motley Fool
March has undoubtedly been one of the most volatile months investors have seen on the markets, perhaps ever. The Dow Jones went from more than 27,000 points early in the month to a low of barely 18,000 points weeks later. It's been a very sharp decline ...
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Pittsburgh Post-Gazette
At a quick glance, the two new Port Authority buses serving the 88-Penn route from Downtown to the East End look just like that — new versions of the agency's traditional 40-foot buses. But a closer look quickly points out the major difference: The buses that ...
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WPLG Local 10
HIALEAH, Fla. – A new curfew goes into effect Monday night in Hialeah as restrictions due to the coronavirus outbreak become spread across South Florida. Local 10 News' Christian De La Rosa spoke to Hialeah Mayor Carlos Hernandez on the phone ...
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dallasinnovates.com
March 30 (Reuters) - Luxury retailer Neiman Marcus said on Monday it would furlough most of its about 14,000 workers, as the coronavirus crisis forced it to close all stores till the end of April. Employees not impacted by the furloughs will also take pay cuts in ...
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1011now
Lincoln gas prices have fallen 20.3 cents per gallon in the past week, averaging $2.03/g Monday, according to GasBuddy's daily survey of 146 stations. Gas prices in Lincoln are 46.2 cents per gallon lower than a month ago and stand 73.4 cents per gallon ...
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WETM - MyTwinTiers.com
Sanofi (SNY - Free Report) announced that it has treated the first patient with Kevzara (sarilumab) among the hospitalized patients with severe COVID-19 infection outside the United States. The second double-blind phase II/III study was recently initiated in ...
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Bloomberg
Air Canada will cut capacity by as much as 90% next quarter and temporarily reduce its workforce by about 16,500 to reduce costs during the coronavirus crisis. The decision, effective on or around April 3, puts 15,200 unionized employees on "off-duty status" ...
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Iosco County News Herald
ANN ARBOR, Mich., March 30, 2020 /PRNewswire/ -- Domino's Pizza, Inc. (NYSE: DPZ), the largest pizza company in the world based on global retail sales, today announced preliminary information from the first quarter in advance of its first quarter earnings ...
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Atlanta Journal Constitution
Nothing says "we're all in this together" more than a fast-food taco deal for "Taco Tuesday." Taco Bell will give a free burrito to "everyone in America who rolls up to a Taco Bell drive-thru" on Tuesday, March 31 to thank loyal customers during the coronavirus ...
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New York Post
With most of its ventilators already attached to COVID-19 patients, a top New York hospital system is repurposing its anesthetics-dispensing devices and other equipment into makeshift breathing machines. The Northwell hospital system that runs the Lenox ...
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WTOP
While a "stay at home" order is now in effect in Virginia, food is still considered essential, and that exemption has allowed many restaurants to transition to takeout-only service in Virginia. Now, in an attempt to encourage more people to choose takeout for ...
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Crain's New York Business
An index of contract signings for the purchase of previously owned U.S. homes unexpectedly increased in February to a three-year high, representing solid housing activity that's likely to retrench because of the pandemic. An index of pending home sales ...
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Atlanta Journal Constitution
As a small token of glaze-covered gratitude to the health care workers on the frontlines of coronavirus, Krispy Kreme is offering them free doughnuts. The nationwide campaign kicked off on Monday and will continue weekly at locations across the country, ...
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NBC Connecticut
Spirit Airlines is temporarily suspending flights to several airports across Connecticut, New York and New Jersey in response to the Centers for Disease Control and Prevention's travel advisory for the areas. The airline confirmed it will be suspending service ...
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Fox Business
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below. Luxury kitchenware company Williams-Sonoma Inc. and its Pottery Barn unit have agreed to stop making unsubstantiated "made in ...
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Baltimore Business Journal
The bond ratings for the the Baltimore Hotel Corp., the group that oversees the city-owned Hilton Baltimore, have been lowered to below investment grade. Jaclyn Borowski. By Amanda Yeager – Reporter, Baltimore Business Journal. Mar 30, 2020, 12:48pm ...
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WJAC Johnstown
TRUCKSVILLE, LUZERNE CO. (WOLF) — Sheetz in Trucksville, PA has announced that one of their employees tested positive for COVID-19. "Sheetz has been informed that an employee at our store location on Memorial Highway in Trucksville has tested ...
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KMOV.com
ST. LOUIS (KMOV.com) -- Two people were shot on a Metro bus Monday evening. Police did not release information on the victims' condition, but the shooting happened on the bus near the SLU campus at the intersection of Lindell and Grand. One of the ...
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Live 5 News WCSC
CHARLOTTE, N.C. (WBTV) - Local home improvement stores have seen an influx of crowds despite the social distancing guidelines set by local, state and federal governments. Viewers sent WBTV photos and called with concerns. In one photo, crowds were ...
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FOX 29 News Philadelphia
NORTHEAST PHILADELPHIA - A postal worker in Northeast Philadelphia has tested positive for COVID-19, according to a U.S. Postal Service spokesperson. The employee works at the Bustleton Station Post Office. The U.S. Postal Service released the ...
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MeriTalk
After careful deliberation amid the developing COVID-19 situation, Michigan-based Pettibone/Traverse Lift, LLC has announced it will continue in-person operations for essential employees. On March 23, Michigan Governor Gretchen Whitmer issued ...
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Yahoo Finance
MIAMI, March 30, 2020 /PRNewswire/ -- To address expanding global travel restrictions and provide peace of mind in guest travel planning, Royal Caribbean Group is extending its Cruise with Confidence cancellation policy through September 1, 2020.
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TribLIVE
3 minutes ago. UPMC employees will be paid at their current rate for their normally scheduled hours even if they are assigned to a different job during the covid-19 pandemic, officials said Monday. UPMC said it is implementing a staffing and pay protection ...
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CBS San Francisco
SAN FRANCISCO (CBS SF) — With ridership tumbling during the San Francisco Bay Area's current shelter-in-place order, San Francisco's Muni system and the Santa Clara Valley Transportation Authority both deployed major changes to their operating ...
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mlive.com
Click here for updates on this story. Genesee County, MI (WNEM ) — If a global pandemic isn't scary enough, Genesee County Prosecutor David Leyton says a Mt. Morris man Johnathan David-Asher Miracle was allegedly attempting to spread COVID-19 ...
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mlive.com
GRAND RAPIDS, MI — A coalition of business associations and local governments on Monday announced the launch of a website that provides information to West Michigan businesses and workers who have been hurt by the coronavirus pandemic.
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