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Reliance suffers worst profit fall in over 11 years on weak fuel demand BENGALURU/NEW DELHI (Reuters) - Reliance Industries Ltd (RELI.NS), operator of the world's biggest refining complex, reported a 39% slump in its March quarter profit, the steepest drop since December 2008, as a sharp fall in oil prices and lower fuel ...
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Americans look to the road rather than the skies this summer, experts say (CNN) After weeks of lockdown, some Americans are showing the first signs of readiness to travel again. Airplanes -- the few still flying -- are growing slightly fuller, according to industry data, and the rate of people screened at airport security checkpoints has ...
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Amazon Q1 beats on net sales of $75.5B but posts net income of $2.5B, down $1B on a year ago Amazon has been one of the biggest names synonymous with how the consumer masses are experiencing life under lockdown: it's site is a way to buy anything from soup to nuts, and to stay entertained; but also a source of major frustration, when you find ...
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Ford Wants to Restart US Car Plants Shut by Coronavirus, if It Can Convince Union DETROIT — Ford Motor Co on Thursday outlined the safety measures it will institute to restart its most profitable U.S. plants amid the coronavirus pandemic, expanding on similar efforts by General Motors Co and Fiat Chrysler to convince leaders of the United ...
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Elon Musk's $750 million Tesla payday could be threatened by the coronavirus shutdown he slammed as 'fascist' Tesla CEO Elon Musk went on a profanity-riddled tirade against coronavirus shelter-in-place orders on Wednesday. The company has been forced to close its main US car factory in California, posing a "serious risk" to Tesla's business, Musk said. Musk is a ...
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Bitcoin Price Working on Monthly Bullish Engulfing: What It Means Bitcoin price recently exploded from under $7,800 to over $9,400, just twelve full days before the asset's block reward halving. The powerful push from last month's extreme low set during Black Thursday, to current levels, has caused a bullish engulfing candle ...
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Crypto Exchanges Boost Hiring in Wake of Coronavirus Crash As speculation abounds around whether Bitcoin is poised for another bull run, a slew of crypto exchanges are embarking on hiring sprees while job losses are soaring. Kraken LLC said on Monday that it had been planning to hire 250 staffers this year, but will ...
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Shopping malls could reopen soon. Here are the changes you can expect. When shoppers return to their local Simon mall or outlet, they'll likely find food courts with lessseating, directional signs and dividers to control the flow of foot traffic, and free temperature testing via infrared thermometers. The safety protocols are outlined in a ...
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BlackRock Names Sandra Boss New Corporate Watchdog Money-management giant BlackRock Inc. installed a new executive to lead shareholder interactions with companies. Sandra Boss, a former senior partner at McKinsey & Co., will head investment stewardship at BlackRock, according to an internal memo ...
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30 Million Americans File For Unemployment In Under Two Months—But Don't Give Up Hope What would you think if I told you that 3,839,000 Americans filed for unemployment benefits last week—and it's sort of good news? From mid-March to now, we've seen roughly 30 million people file for unemployment benefits. After reports of over six million ...
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Why Royal Caribbean, Carnival, and Marriott International Stocks All Slumped Today What's worse than a trade war followed by a pandemic? How about a trade war launched during a pandemic? Rich Smith. (TMFDitty). Apr 30, 2020 at 1:59PM. Author Bio. I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards ...
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Molson Coors Revenue Down 8.7% in Q1 2020; Depletions Decline 14% in April After a corporate restructuring in the fourth quarter of 2019 and a bevy of new products hitting the market in the New Year, Molson Coors Beverage Company was poised for a strong 2020. But then the COVID-19 outbreak shutdown on-premise bars and ...
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Cruise companies refuse CDC terms to repatriate crew, call transport 'too expensive' Cruise companies are allowed to disembark and repatriate people still trapped on ships around the U.S. by private transportation as long as their executives sign an agreement with the U.S. Centers for Disease Control and Prevention that holds the ...
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2020 Harley-Davidson LiveWire review: Fun with electricity Harley's LiveWire is controversial, though its riding experience is anything but. Kyle Hyatt/Roadshow. Go back in time 10 years and ask anyone which major motorcycle company would someday release an electric model, and I bet nobody would have ...
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Taco Bell launches 'At Home Taco Bar' for customers to make own meals 'just in time for Cinco de Mayo' Taco Bell is allowing its customers to celebrate Cinco de Mayo in grand style this year — by ordering, picking up and making their own tacos. CHICK-FIL-A TO INTRODUCE CHICKEN PARMESAN MEAL KITS NATIONWIDE AMID CORONAVIRUS ...
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LIVE NOW: US jobless claims soar past 30 million; Europe reeling also Weekdays at 12 p.m. PST, we'll be streaming the latest updates on the coronavirus outbreak utilizing our newsrooms across the country. If you miss the live report, you'll be able to see a replay minutes after the stream ends. by: The Associated Press.
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Big companies caught sharing emails with Google, Twitter, Facebook A number of big companies including JetBlue, mobile video platform Quibi and e-commerce platform Wish.com were caught allowing third-party ad-tech giants including Google, Facebook and Twitter access to their hundreds of millions of user email ...
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Here are the safety precautions 10 Houston-area restaurants are taking as they open up dine-in service on Friday HOUSTON – Who is ready for dine-in to come back? As Texas begins Phase 1 of reopening amid the coronavirus pandemic, many restaurants and businesses are scrambling to figure out how to execute it. While many restaurants are excited for the ...
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Tyson temporarily closes Nebraska beef plant for cleaning Tyson Foods said Thursday that it was temporarily suspending operations at a Nebraska beef processing plant that serves as the largest employer for neighboring Sioux City, Iowa, after a surge of coronavirus cases in the area. Tyson announced in a news ...
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Lakeside Shopping Center to extend curbside shopping; Riverwalk, other city malls await new rules Lakeside Shopping Center said Thursday that it is extending the number of retailers that will be offering a curbside pick-up service to more than two dozen after Gov. John Bel Edwards eased statewide coronavirus restrictions earlier in the week. The extended ...
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British Airways to cut Gatwick operation and lay off 1130 pilots Over 1100 cabin crew jobs also to go, and suspension of remaining Heathrow flights 'not ruled out'. Gwyn Topham · @GwynTopham. Thu 30 Apr 2020 15.38 EDT. Share on Facebook · Share on Twitter · Share via Email. Shares. 1. 1. Tailfins of British Airways ...
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Hospitality, retail, construction are hardest hit Nevada jobless LAS VEGAS (AP) — The number of people filing new claims for jobless benefits in Nevada is closing in on 390,000 since casinos and other businesses were shuttered to prevent spread of the coronavirus, the U.S. Department of Labor said Thursday.
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Halliburton shuts Texas sites, lays off 240 Oklahoma workers HOUSTON (AP) — Oilfield services giant Halliburton has closed down two sites in Texas and laid off 240 employees in Oklahoma in response to reduced customer activity due to plummeting oil prices. Halliburton closed its Elmendorf facility and is relocating ...
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Zoom walks back claims it has 300 million daily active users Zoom shares dropped after the company walked back on claims it has 300 million daily active users. Zoom initially reported April 22 that it saw a 50% surge in daily users, though later updated its statement to say it had 300 million daily meeting participants.
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Atlanta owner of New York Stock Exchange profits amid pandemic turmoil The Atlanta-based owner of the New York Stock Exchange and other financial marketplaces landed record revenues and profits in recent months, fueled in part by volatility from the pandemic and oil prices. The coronavirus has battered many publicly traded ...
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Banks Field Fresh Flurry of Applications for Small Business Relief With a rush of applicants overloading servers, the second round of the federal small business relief program was off to a rocky start Monday morning. But bankers serving Martha's Vineyard said they are working diligently to secure funding for those that ...
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NEWS: The Bachelor Farmer and Marvel Bar are Closed Forever This is a hard one. Eric Dayton has announced that they will NOT be bringing The Bachelor Farmer and Marvel Bar back to life when the pandemic restrictions loosen. This is a permanent closure of the basement bar, street cafe, and formal dining area that ...
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It's farmers market season. Here's what you need to know The Doylestown, Yardley and Wrightstown farmers markets all open Saturday with social distancing restrictions in place. Saturday marks the start of farmers market season, and some favorite spots are reopening with social distancing restrictions in mind.
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NYS Labor Commissioner talks with reporters about problems the jobless have when applying for benefits ALBANY, NY (WSYR-TV) — Calling the number of New Yorkers who suddenly found themselves without a paycheck in the past six weeks "heartbreaking," state Labor Commissioner Roberta Reardon held a conference call with reporters for the first time since ...
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Monmouth Smithfield plant to resume operations MONMOUTH — The Smithfield Foods pork-processing plant in Monmouth will begin to resume regular operations Saturday after announcing last week it would suspend operations at the plant due to COVID-19. The Monmouth plant released a statement ...
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South Fork Wind Farm Delay Expected The South Fork Wind Farm, proposed for a site approximately 35 miles due east of Montauk, will "very likely be delayed due to federal permitting approvals and Covid-19," Henrik Poulsen, Orsted's chief executive officer, said during a quarterly earnings call ...
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Audi Estimates Its 2020 E-Tron Sportback Goes 218 Miles on a Full Charge If there's one flaw that plagues the Audi E-Tron electric crossover SUV, it's the model's middling EPA-estimated driving range. Rated at 204 miles, the Audi falls notably short of the more than 300 miles certain Tesla models manage. Fortunately, the 2020 ...
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Altra: 1Q Earnings Snapshot BRAINTREE, Mass. (AP) _ Altra Industrial Motion Corp. (AIMC) on Thursday reported a first-quarter loss of $116.6 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Braintree, Massachusetts-based company said it had a ...
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Stock Traders Should Heed the Lessons of the 1930s (Bloomberg Opinion) -- Don't be fooled by the recent rebound in stocks; the investment scene is beginning to resemble the 1929 market crash and the early 1930s Great Depression. In the Roaring '20s, the Dow Jones Industrial Average jumped 500% from ...
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DC to consider expanding business interruption insurance policies to cover coronavirus D.C. lawmakers could soon allow companies to claim coronavirus-inspired damages through business interruption insurance policies, and extend new rent and mortgage-related protections in another round of emergency legislation. The D.C. Council is ...
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