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Oil rises again as output cuts kick in, inventories grow less than expected TOKYO (Reuters) - Oil prices rose on Friday, extending the previous session's gains, as major producers began output cuts to offset a slump in fuel demand triggered by the coronavirus pandemic while data showed U.S. crude inventories grew less than ...
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Bed Bath & Beyond Names New CFO as Part of Ongoing Management Refocus Bed Bath & Beyond Inc. named a new finance chief as part of a wider management refocus that the struggling home-goods retailer embarked on before the downturn from the coronavirus lockdowns began. Union, N.J.-based Bed Bath & Beyond Thursday ...
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Boeing raises $25 billion in blowout debt sale (Reuters) - Boeing Co (BA.N) raised $25 billion in a bond offering on Thursday, a blowout result for the planemaker, which is shoring up its finances during the coronavirus-induced travel downturn. FILE PHOTO: A Boeing logo is seen at the company's facility ...
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Major US airlines to require facial coverings on flights in May United Airlines, Delta Air Lines and American Airlines Group, along with the smaller Frontier Airlines, which is owned by private equity firm Indigo Partners LLC, announced they will require facial coverings in May. Delta and United's new rules start May 4, ...
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Google and Facebook: Digital ad market is avoiding coronavirus disaster (Reuters) — Reports of the demise of the digital advertising market due to the coronavirus outbreak appear exaggerated as the tech giants dominating the online ads business, Google and Facebook, said this week they saw early signs that the worst could be ...
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The Stock Rally Is Real, Spectacular And Getting A Bit Excessive In the list of shocking market events of 2020, it's hard not to add the current stock market rally. It's not just a relief rebound – it's a heart-pumping ascent to the highest S&P 500 valuation of the past twenty years. For many, it is the most confounding development ...
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Tokyo shares track Wall Street losses; chip-related stocks under pressure SYDNEY, May 1 (Reuters) - Japanese shares retreated on Friday from a near eight-week peak hit in the previous session, tracking Wall Street's overnight losses on profit-taking, with chipmaking-related companies dropping the most. The benchmark Nikkei ...
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WeWork Unraveling Continues With New Layoff Round WeWork laid off more workers Thursday, according to three former employees and a person close to the business, the latest in a series of hits for the once-promising shared-office business. Sources say the cuts included community managers and real estate ...
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Biggest US Banks Says They Submitted $45.8 Billion in Loans for Emergency Aid Program NEW YORK/WASHINGTON — The two largest U.S. banks, JPMorgan Chase & Co and Bank of America, said on Thursday that they submitted almost half a million applications worth nearly $46 billion to the Small Business Administration's Paycheck ...
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Dunkin' CEO talks coronavirus bounce back amid suspended dividend program Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below. Dunkin' Brands reported a two percent drop in comparable sales for its Dunkin' restaurant chain in the U.S., of which approximately 1,000 of ...
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LNG tankers build up around virus-hit Europe as crisis abates in Asia LONDON (Reuters) - Liquefied natural gas (LNG) cargoes are piling up off the shores of Europe as the coronavirus pandemic severely disrupts gas demand, leading to delays in tanker discharges and a rise in the number of vessels used as floating storage, ...
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Virus-related delays for Universal parks in Florida, Japan ORLANDO, Fla. (AP) - The company that owns Universal theme parks around the world said it's delaying construction on a fourth theme park in Florida and that the opening of a Nintendo-themed park in Japan will be pushed back by a few months in the wake ...
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Despite coronavirus, affordable homes selling like 'hotcakes,' says Redfin Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below. The outlook on home-buying just got a bit brighter, even amid the coronavirus pandemic. Demand for homes is down just 15 percent from ...
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Virus gives Columbia Sportswear a thumping in first quarter After several brushes with insolvency in Tim Boyle's early days running Columbia Sportswear, he became a big believer in the "fortress balance sheet." Hence, the Portland outdoor apparel and footwear company's treasury bulges with $688 million in cash ...
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ADM Sees Increased Cardboard Demand, Weak Ethanol Use During Pandemic CHICAGO/BANGALORE — The coronavirus pandemic is fueling demand for cardboard boxes - a boon for global food company Archer Daniels Midland Co's industrial starches business - as consumers rush to order goods online amid widespread shutdowns ...
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Fifth TSA employee dies of coronavirus as more than 500 have tested positive WASHINGTON — Editor's note: The video above was published before TSA confirmed a fifth employee had died of COVID-19. An officer at Newark Liberty International Airport is the fifth employee of the Transportation Security Administration to die from ...
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FCC's Pai Extends Connectivity Pledge FCC chair Ajit Pai has made it official. He has extended the FCC's voluntary Keep Americans Connected pledge until June 30. It was one of the worse-kept secrets since a host of major players had been announcing they were extending their pledges to June ...
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Mukesh Ambani to forgo salary, hydrocarbons staff face 10% cut Mumbai: Reliance Industries' chairman and managing director Mukesh Ambani will forgo his entire compensation from April 2020 as India's biggest private sector major announced salary cuts and bonus deferments for directors on the board and for select ...
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To varying degrees, results at Goodyear, Eaton and Parker Hannifin reflect the toll of COVID-19 Three of Northeast Ohio's manufacturing giants on Thursday, April 30, announced quarterly financial results that offer a glimpse at how the coronavirus pandemic is reverberating in the industrial sector. The hit was hardest at The Goodyear Tire & Rubber Co.
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Shell cuts dividend for first time since World War Two LONDON (Reuters) - Royal Dutch Shell RDSa. cut its dividend for the first time since World War Two on Thursday in a drastic step to preserve cash as it prepares for a protracted slump in demand for oil because of the coronavirus pandemic. This video file ...
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Fitbit reportedly developing smartwatch for kids with 4G connectivity A month ago, Fitbit announced the Charge 4 with built-in GPS and mobile payments. The fitness tracker comes amid a Google acquisition that's still under regulatory review. A new report today reveals that Fitbit is working on a smartwatch for kids that features ...
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Thousands of Cruise Ship Crew Members Remain Out at Sea "Everyone's got cabin fever. We've been confined to our cabins now for two weeks," said Seabourn Cruise Line employee Ryan Driscoll. Published 6 hours ago • Updated 38 mins ago. Getty Images. In this March 28, 2020, file photo,Holland America's cruise ...
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Local nursing home pushes back against universal COVID testing for employees Local nursing home pushes back against universal COVID testing for employees. News / 21 mins ago. Thumbnail for the video titled "Local nursing home pushes back against universal COVID testing for. Video ...
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Smartphone shipments dropped 13% globally, and COVID-19 is to blame We knew it was going to be bad — but not necessarily "lowest level since 2013" bad. As Apple was busy reporting its earnings, Canalys just dropped some of its own figures — and they're not pretty. After two quarters of much-needed growing, the global ...
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Deals & Discounts for Shreveport First Responders & Healthcare Workers The coronavirus pandemic has changed everyone's life in one way or another. But the outbreak has directly effected and completely changed the lives of doctors, nurses, lab techs, fire fighters, police officers and tons of others who are on the front lines.
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Tapestry backtracks on its decision to reduce discounting For years, Tapestry, owner of big mainstream fashion labels like Kate Spade, Coach and Stuart Weitzman, has been making a concerted effort to move away from deep discounts. But coronavirus has forced many fashion brands into less-than-desirable ...
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These Simple Factors Show Why Bitcoin's Recent Rally was So Important Bitcoin's rally yesterday allowed it to erase virtually all of the losses that resulted from its mid-March meltdown; This movement did more than just boost its technical outlook, as it has also bolstered BTC on multiple other fronts; One analyst is also noting that ...
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Dow forecasts current-quarter revenue below estimates on sluggish global recovery By Taru Jain. (Reuters) - Dow Inc <DOW.N> forecast current-quarter revenue below estimates on Thursday after posting a drop in adjusted quarterly profit as selling rates of chemicals took a hit from a slump in oil prices and the coronavirus outbreak dented ...
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Bachelor Farmer, Marvel Bar close for good during COVID-19 pandemic MINNEAPOLIS — The popular downtown Minneapolis restaurant, Bachelor Farmer, and adjoining Marvel Bar will be shutting down for good amid the coronavirus pandemic. The businesses have been closed since Governor Tim Walz ordered all Minnesota ...
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Coronavirus: More than 1000 layoffs at Resolute Forest Products MONTREAL — Resolute Forest Products Inc. is temporarily laying off more than 1,000 workers mainly in Quebec because of the COVID-19 pandemic. Some of the layoffs could be extended if economic turbulence and lower demand persist in some of the ...
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Morning summary: Genesee County remained stable, while remainder of area saw COVID-19 increases ALBION — The total number of COVID-19 cases continued to rise within the GLOW region on Thursday, with the exception of Genesee County. Orleans County reported four new cases for a total of 95. Livingston and Wyoming counties saw three and two new ...
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The most brazen COVID-19 blackmail scam yet We've seen a lot of COVID-19 related scams appear in the past few weeks. In fact, the issue has become so disruptive that agencies like the FTC and FBI are warning consumers to tread cautiously when checking their emails or answering phone calls.
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