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Meatpackers Welcome Trump Order; Others Question Virus Risks SIOUX FALLS, S.D. — Big meatpacking companies that have struggled to keep plants running during the coronavirus crisis said Wednesday that they welcomed President Donald Trump's executive order requiring them to stay open, but unions, some ...
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Boeing and Airbus Brace for Prolonged Downturn Triggered by Coronavirus The world's biggest aerospace companies outlined survival plans that include thousands of job cuts and raising fresh funds as their airline customers reeled from the coronavirus pandemic and the near-collapse of global passenger air travel. Boeing Co., rival ...
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Longer-Dated Treasury Yields Rise After Fed Signals Longer-dated U.S. government-bond yields rose after the Federal Reserve signaled it would hold rates near zero as long as needed to get the economy back on track. The yield on the benchmark 10-year U.S. Treasury note climbed to 0.625%, compared with ...
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Facebook, Beating Revenue Estimates, Sees Signs of Stability in Ad Spending (Reuters) - Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday and said it has seen "signs of stability" for sales in April after a plunge in March, in yet another indication that tech giants may weather the coronavirus-induced economic ...
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Microsoft revenue beats as remote work boosts Teams (Reuters) - Microsoft Corp (MSFT.O) on Wednesday beat Wall Street sales and profit expectations, powered by sharp demand for its Teams chat and online meeting app and Xbox gaming services as the world shifted to working and playing from home ...
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US stock futures rise after solid tech earnings, Facebook up 9% Futures contracts tied to the major U.S. stock indexes rose at the start of the overnight session Wednesday evening as both Facebook and Microsoft rallied after each issued better-than-expected revenue projections in their earnings reports. Dow Jones ...
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Home Buyers Face Credit Crunch As Mortgage Relief Options Put Lenders On Edge The availability of mortgage credit in March plummeted to the lowest level in five years amid a deepening economic crisis making banks leery of more borrowers requesting delayed payments made possible by the government's stimulus program. Mortgage ...
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Qualcomm Forecasts Upbeat Revenue as 5G Demand Mitigates Virus Impact (Reuters) - Qualcomm Inc on Wednesday forecast current-quarter revenue largely in line with expectations as it signed more contracts for 5G phones, which use higher-priced chips, at a time when the COVID-19 pandemic has disrupted production channels ...
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Quarantine-Friendly Cinco De Mayo Cocktail Recipes The Cinco de Mayo holiday, always a big draw for U.S. bars will be notably quieter this year. But it could also provide just the right kind of pick me up for people looking to find something to be cheerful about, even if it's just reconnecting with friends over virtual ...
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Teladoc's quarterly revenue climbs 41% on the back of 2 million telehealth visits Teladoc Health reported $180.8 million in revenue for this year's first quarter, up 41% from $128.6 million posted in the year-ago quarter. That meant Teladoc beat its own revenue guidance for the quarter by multiple millions of dollars, as telemedicine use has ...
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All Leprino Employees Tested For Coronavirus, Many Were Asymptomatic FORT MORGAN, Colo. (CBS4) – The Leprino Foods plant in Fort Morgan says it has tested every employee for coronavirus. The dairy processing plant closed on Sunday for cleaning and disinfection after a group of workers tested positive for COVID-19.
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GMC Hummer electric pickup unveiling delayed, production still set for fall 2021 The world will have to wait a little longer for its first look at the electric GMC Hummer pickup due to debut next year, as its revelation joins the list of events delayed by COVID-19. Originally planned for May 20 — and announced with hoopla by NBA star LeBron ...
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Santa Cruz County's two largest school districts sue Juul Labs SANTA CRUZ — Santa Cruz County's largest school districts are suing electronic-cigarette maker Juul Labs, claiming the vaping giant marketed its products to youth and bears blame for the drastic rise in teen vaping seen in recent years. Filed separately by ...
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Mayor Bynum: As some facilities reopen, 'we have to find somewhere between ... two extremes' Mayor G.T. Bynum on Wednesday said that as the city's shelter in place order expires after Thursday, residents must find a path between life in February and extreme social distancing. "We have to find somewhere in between those two extremes," he said ...
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Three popular restaurant chains lay off nearly 3000 in Maryland Three popular restaurant chains — Outback Steakhouse, Carabba's and Bonefish Grill — have laid off nearly 3,000 workers in Maryland as businesses continue to struggle through the Covid-19 pandemic. The layoffs at 40 Maryland restaurants, all owned by ...
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Why iRobot Stock Fell Today The robot maker reported first-quarter results as it struggles with the novel coronavirus outbreak and tariffs. Evan Niu, CFA. (TMFNewCow). Apr 29, 2020 at 1:16PM. Author Bio. Evan is a senior technology specialist at The Motley Fool. He was previously a ...
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Worcester Closes Walmart After 23 People Get Coronavirus WORCESTER, MA — Worcester city officials shut down a Walmart Supercenter in the city on Wednesday after almost two dozen people connected to the store were diagnosed with coronavirus. The first case connected to the store was found on April 8, City ...
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Who's A Patent Troll, and Who's An Inventor? Two Congressmen recently introduced a bill that would create a special type of patent called an "Inventor-Owned Patent." Having classified a group of "inventors," the Inventor Rights Act (H.R. 5478) goes on to give them a long list of special privileges that will ...
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Izzy's Ice Cream closes St. Paul parlor. Minneapolis operations continue. A St. Paul destination scoop shop, Izzy's Ice Cream on Marshall Avenue, is closing after 20 years. Owner Jeff Sommers said it was a difficult decision to close the original Izzy's Ice Cream shop he and his wife, Lara Hammel, launched in 2000, and a variety of ...
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April 29th, World Wish Day, Marks Make-A-Wish 40th Anniversary For four decades, Make-A-Wish has created life-changing wishes for children with critical illnesses around the world. April 29th 2020 marks the 40th anniversary of the day that inspired the founding of Make-A-Wish and has become known as World Wish Day.
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US Mortgage Rates Fall To Record Low 3.43%, Purchase Applications Surge as Coronavirus Lockdowns Ease - MBA U.S. mortgage rates fell to a fresh record low last week, according to data published Wednesday, while purchase applications surged as coronavirus lockdown restrictions in key markets eased as the pandemic nears its peak. The Mortgage Bankers ...
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Jennie-O pausing operations at Melrose facility Jennie-O Turkey Store pauses product at Melrose turkey processing plant due to community spread of COVID-19. Written By: Mark Wasson | Apr 29th 2020 - 3pm. AddThis Sharing Buttons. Share to Facebook Share to Twitter Share to Reddit Share to Email ...
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COVID-19 outbreak confirmed at Tyson Foods plant in Joslin JOSLIN, Ill. — An outbreak of COVID-19 has been confirmed at the Tyson Foods plant in Joslin, Illinois. The outbreak was confirmed Wednesday, April 29 during the QC COVID-19 Coalition's daily briefing. To date, the Rock Island County Health Department ...
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Clark County Fire Department temporarily reducing in-field units LAS VEGAS (KSNV) — 12 suppression units for the Clark County Fire Department were temporarily taken out of rotation due to decreased call volume, the county announced Wednesday. "This is an unprecedented situation that our community is in," said ...
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Best Mother's Day gifts to order online: flowers, jewelry, and more Looking for Mother's Day gifts you can buy without leaving the house? Whether you're in search of a treat your family can enjoy together or a special something to let Mom (or Grandma) know you're missing her, these thoughtful treats appeal to a range of ...
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Amerisafe: 1Q Earnings Snapshot DERIDDER, La. (AP) _ Amerisafe Inc. (AMSF) on Wednesday reported first-quarter profit of $10.8 million. The Deridder, Louisiana-based company said it had profit of 56 cents per share. Earnings, adjusted for investment costs, were 88 cents per share.
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Coronavirus threatens Deutsche's plan to return to profitability Deutsche Bank warned that the coronavirus pandemic could threaten its ambition to return to profitability this year, as Germany's largest lender braced itself for a painful drop in earnings and a jump in loan provisions. Despite a surge ...
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The Steady Patience Of AMD In The Datacenter We have said more than once in recent weeks that recessions accelerate technology transitions but they do not cause them. We now have a textbook experimental case developing between AMD and Intel where it concerns CPUs for servers and where it ...
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American cruise workers denied disembarkation: 'Treating us like disease vectors instead of humans' Melinda Mann is one of more than 750 crew members – nine of whom are American citizens – stuck on board Holland America's MS Oosterdam after it disembarked its last passengers in March amid the coronavirus pandemic. Mann, a 25-year-old youth ...
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Simon Wiesenthal Center Sues Insurer Ahead of Debut of Netflix Film The non-profit says it couldn't screen 'Never Stop Dreaming' and had to cancel a dinner honoring George and Amal Clooney because of the COVID-19 pandemic. The Simon Wiesenthal Center and Moriah Films have filed a lawsuit alleging that Chubb Group ...
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Seattle sees biggest unemployment jump in US from coronavirus, study finds The city of Seattle has experienced a bigger jump in unemployment from the coronavirus shutdown than any other city in the nation, according to a new study. The study, by the personal finance website WalletHub, found that the number of unemployed people ...
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