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Ad giant WPP pulls dividend, CEO 'very cautious' about the impact of virus on marketing budgets WPP, the world's largest advertising group, pulled its dividend and share buyback and withdrew guidance for 2020 on Tuesday, after clients cancelled marketing booked with the company due to the coronavirus crisis. "The actions we have taken in the last 18 ...
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Oil prices are on track for their worst ever quarter as coronavirus slashes demand A public health crisis has meant countries around the world have effectively had to shut down, with many governments imposing draconian measures on the daily lives of hundreds of millions of people. Brent futures fell to their lowest level in 18 years on ...
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Global Stocks Mostly Rise Amid Continuing Outbreak Worries TOKYO — Global shares were mostly higher after China reported strong manufacturing data, extending an overnight rally on Wall Street. France's CAC 40 added 1.5% in early trading to 4,443.47. Germany's DAX gained 2.5% to 10,063.41, while Britain's ...
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US Airlines Must Suggest Possible Compensation for Cash Grants: Treasury WASHINGTON/CHICAGO — Airlines must suggest possible compensation in return for government cash assistance and agree to conditions that include not cutting pay or laying off employees through Sept. 30, the U.S. Treasury Department said in guidelines ...
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GLOBAL MARKETS-China PMI offers tiny relief to Asia as stocks head for dire end to quarter ... * Asian stock markets : tmsnrt.rs/2zpUAr4. * Asia shares supported by month-end demand, calmer mood. * China factory survey beats forecasts, PMI rises to 52.0. * Oil prices steady for now after steep drop. By Wayne Cole and Alun John. SYDNEY/HONG ...
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GLOBAL MARKETS-Stocks rally after Chinese data boost to close worst quarter since 2008 By Tommy Wilkes. LONDON, March 31 (Reuters) - World stocks looked set to close their worst quarter since 2008 on a brighter note on Tuesday, as strong Chinese factory data held out hope for an economic revival even as much of the rest of the world shut ...
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American Airlines Seeks $12 Billion In Government Aid To Protect Jobs Topline: American Airlines is seeking $12 billion in financial help from the U.S. government to tide it over for the next six months as the coronavirus pandemic continues to wreak havoc on the aviation industry. The world's biggest airline by passenger numbers ...
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UPDATE 1-China's Pinduoduo raises $1.1 bln in share placement amid volatile markets (Adds details, background). By Julie Zhu and Kane Wu. HONG KONG, March 31 (Reuters) - Chinese e-commerce firm Pinduoduo Inc said on Tuesday that it had raised $1.1 billion in a private share placement, bolstering its ability to finance growth, despite ...
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D-Wave gives anyone working on responses to the COVID-19 free cloud access to its quantum computers D-Wave, the Canadian quantum computing company, today announced that it is giving anyone who is working on responses to the COVID-19 free access to its Leap 2 quantum computing cloud service. The offer isn't only valid to those focusing on new drugs ...
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Where has all the flour gone? Ask Maine's home-bound bakers. Beth Richardson of Portland grinds her own wheat flour at home using wheat berries from an organic farm in South Dakota. Photo courtesy of Beth Richardson. Barbara Fiore of Portland is a little afraid to go back to the grocery store. The last time she went in ...
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Medtronic Gives Away Ventilator Design Specs In Coronavirus Fight, Ahead Of Tesla Alliance Medtronic is sharing design specifications for a basic ventilator model with any company that wants to help produce them for hospitals racing to treat coronavirus patients as the medical device maker discusses a manufacturing partnership with Elon Musk's ...
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15 Most Popular Questions About Student Loans And Coronavirus It's time to answer your most pressing questions about student loans and the Coronavirus. Here's what you need to know. Student Loans: Q&A. 1. What are the major changes in the CARES Act for my student loans? Among other benefits, the CARES Act ...
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Wells Fargo Has $384 Billion of Lending Power Stymied by Fed Cap Wells Fargo & Co. is a leading lender to small and midsize U.S. companies, home buyers and commercial property investors, and has capacity to unleash about $384 billion of additional loans to customers trying to weather the coronavirus pandemic.
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Why Cruise Line Stocks Plunged Again on Monday Shares of cruise line stocks had another rough day on Monday as the market worried they may not come out of the COVID-19 crisis. Carnival Corp (NYSE: CCL) fell as much as 18.7% in early trading and is down 10.9% at 2:30 p.m. EDT. Royal Caribbean ...
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JCDecaux launches $497.4 million Clear Media bid JCDecaux SA said Tuesday that it is part of an investors consortium that is launching an offer for Clear Media Ltd worth around 3.86 billion Hong Kong dollars ($497.4 million). The French advertising group said the consortium--also comprising Clear Media's ...
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Saudi Arabia reportedly tracked phones by using industry-wide carrier weakness The Guardian says it has evidence that Saudi Arabia is exploiting a decades-old weakness in the global telecoms network to track the kingdom's citizens as they travel in the United States. The publication cited data provided by a whistleblower that suggests ...
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Skyrocketing demand prompts grocery delivery slowdown across Atlanta Grocery delivery services are scrambling to meet surging demand as more Georgia cities order their residents to stay at home to stanch the spread of the coronavirus. Skyrocketing web traffic for delivery services run by Instacart, Walmart and others has ...
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Hong Kong February retail sales plunge 44% y/y as coronavirus spreads HONG KONG, March 31 (Reuters) - Hong Kong's retail sales fell by a record 44% in February from a year earlier, as travel restrictions kept tourists away and residents avoided shopping centres to prevent the spread of the coronavirus. The spending drought ...
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[PULSE] Pandemic is rewriting the playbook for mortgage origination – Servicing is next The economic toll of coronavirus has been profound and precipitous. The week before last, 3.3 million people filed for unemployment in the United States. It will be days before the Labor Department tells us how many more followed suit last week.
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Abbott Stock Soars on News of 5-Minute Test for Covid-19 The Abbott Laboratories diagnostic is the second rapid point-of-care test from a major medical-device firm approved in recent days. The diagnostic is the second rapid point-of-care test from a major medical-device firm approved in recent days. Shares of the ...
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Britons made 80m extra grocery shops in less than a month Britons made nearly 80m extra grocery shopping trips in the last four weeks than over the same period last year – spending nearly £2bn more on food and drink – as they rushed to stockpile amid fears about coronavirus. New data published today by market ...
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Edinburgh-based John Menzies aviation calls for urgent government support Aviation services company John Menzies, based in Edinburgh, has called for urgent government support for UK airport infrastructure to survive the coronavirus pandemic. The company, which handles ground handling, cargo handling, cargo forwarding and ...
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OpenTable launches tool to reserve grocery store shopping times The dinner reservation platform OpenTable is launching a tool to help grocery stores and restaurants mitigate long lines and overcrowding in the age of coronavirus. OpenTable announced Monday that it's expanding its reservation software to let users ...
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Texas Roadhouse to sell ready-to-grill steaks WAUSAU, Wis. (WSAW) -- Texas Roadhouse announced Monday they are selling ready-to-grill steaks directly to the public. According to a news release, the move is due to grocery store shortages. "The decision to sell steaks was based on demand from ...
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Domino's Pizza names former Costa chief as CEO Pizza delivery company Domino's Pizza has named former Costa Coffee chief executive Dominic Paul as its top boss replacing David Wild, whose departure was announced last year. Paul, who led Costa Coffee from 2016 to 2019 ahead of its £3.9 billion sale ...
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ASX200 sheds $500 billion in first quarter of 2020 Australia's benchmark index has ended the first quarter of the year nearly $500 billion poorer, down 24 per cent, after falling from a market capitalisation of $2 trillion down to $1.56 trillion. "The first quarter of 2020 has been one of the worst quarters for global ...
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Local business lender Bridgewater Bank assesses economic damage to loan portfolio Bridgewater Bank was planning on opening a new headquarters in St. Louis Park in June. It's looking it will be July now. Nancy Kuehn. By Patrick Rehkamp – Staff writer, Minneapolis / St. Paul Business Journal. Mar 30, 2020, 2:44pm CDT. In the midst of an ...
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Airport employee tests positive for COVID-19 JACKSON, Wyo. — Jackson Hole Airport reported today that one of its employees has tested positive for COVID-19. The airport was made aware of the positive test last night. The employee is currently in self-isolation, and notifications have taken place with ...
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EGEB: Green energy company fixes 170 broken govt ventilators for Los Angeles In today's Electrek Green Energy Brief (EGEB):. The US government sent Los Angeles 170 broken ventilators. Bloom Energy is fixing them. Pollution may make the coronavirus even worse, according to a new study. The air and environment are now cleaner ...
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3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income - March 30, 2020 Here's a revealing data point: older Americans are scared more of outliving wealth than of death itself. And retirees have good reason to be worried about making their assets last. People are living longer, so that money has to cover a longer period. Making ...
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Facebook, YouTube Warn Of More Mistakes As Machines Replace Moderators Facebook, YouTube and Twitter are relying more heavily on automated systems to flag content that violate their rules, as tech workers were sent home to slow the spread of the coronavirus. But that shift could mean more mistakes — some posts or videos that ...
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For Some Workers Returning To GE Appliances, 'It Feels Like A Hostage Situation' It was a rally tailor-made for the age of social distancing. On Saturday, a steady stream of cars driven by employees and supporters flowed through Appliance Park, flashers on, constantly honking and bearing signs asking GE Appliances and its parent ...
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