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Consolidated Flights Leave Planes Full and Passengers Uneasy DALLAS — Many flights are nearly empty these days, but the high number of cancellations by airlines trying to save money occasionally lead to a flight like the one that Vince Warburton took this week. During a three-hour layover at Dallas-Fort Worth ...
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Figma raises $50 million Series D led by Andreessen Horowitz Figma, the design platform that lets folks work collaboratively and in the cloud, has today announced the close of a $50 million Series D financing. The round was led by Andreessen Horowitz, with partner Peter Levine and cofounding partner Marc ...
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Amazon sees $4 billion in COVID-19-related costs, may not make second-quarter profit (Reuters) - Amazon.com Inc (AMZN.O) on Thursday said it could post its first quarterly loss in five years because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workers for COVID-19 and providing them with ...
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Boeing Set to Raise $25 Billion in Massive Debt Sale: Sources (Reuters) - Boeing Co expects to raise around $25 billion in its bond offering on Thursday, according to people familiar with the matter, a blowout result for the planemaker shoring up its finances during the coronavirus-induced travel downturn. Boeing's capital ...
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Amazon's cloud generated over $10 billion in net quarterly sales for the first time ever — up 33% from a year ago Amazon Web Services surpassed $10 billion in net sales for the first time ever this past quarter. AWS generated $10.2 billion in net sales, up 33% from last year — although that figure slightly missed Wall Street analyst revenue expectations of $10.29 billion.
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Wall Street's Best Month in 33 Years Closes With Whimper By STAN CHOE, ALEX VEIGA and DAMIAN J. TROISE, AP Business Writers. A crush of dismal data about the economy helped send markets lower Thursday, a meek ending to a historic, juggernaut month for stocks. The S&P 500 fell 0.9% after reports ...
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Virus-Related Delays for Universal Parks in Florida, Japan ORLANDO, Fla. — 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 of ...
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United Airlines Posts Quarterly Loss, Shores Up $9.6 Billion in Liquidity (Reuters) - United Airlines Holdings Inc on Thursday posted a first-quarter loss of $1.7 billion, including charges against investments in Latin America that have soured as the coronavirus pandemic jolts travel industries worldwide. Airlines including United ...
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Jobless claims surge to more than 30 million — here's what to watch Jobless claims continue to rise. New claims reached 3.84 million last week, bringing the total to 30.3 million for the last six weeks. The number of total claims makes this the worst unemployment crisis in U.S. history.
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Visa earnings top expectations, but coronavirus prompts 'significant deterioration' in spending Visa Inc. topped revenue and earnings expectations Thursday, but said the COVID-19 outbreak prompted a "significant deterioration" in spending trends toward the end of March. The company recorded fiscal second-quarter net income of $3.08 billion, ...
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GM and Ford lay out plans to restart their US factories (CNN) General Motors and Ford laid out plans for restarting their US factories while, at the same time, attempting to protect workers from the coronavirus. Both companies detailed how they would thoroughly clean facilities and allot extra time between work ...
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Gilead to Expand Manufacturing Of Covid-19 Drug Remdesivir Gilead Sciences Inc. said it has moved to expand manufacturing of remdesivir, a drug meant to treat patients with serious cases of Covid-19. The company said on Thursday it expects more than 140,000 treatment courses of the drug to be made by the end of ...
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Getting coronavirus mortgage relief is confusing. Here's how to make it easier Since the coronavirus pandemic shut down much of the United States economy, homeowners have flooded their mortgage companies with pleas for help. According to the Mortgage Bankers Assn., there are now 3.5 million mortgages in so-called forbearance ...
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Alamo Drafthouse Gets New CEO, Tim League to Become Executive Chairman Alamo Drafthouse CEO Tim League, who has led the theater chain since he co-founded it more than two decades ago, will assume a new role as executive chairman as a new CEO, former Starbucks executive Shelli Taylor, will take over as chief executive.
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Apple Pinched by Pandemic; Profit, iPhone Sales Decline BERKELEY, Calif. — Apple's profit dipped slightly while revenues rose in the January-March quarter, reflecting early fallout from the coronavirus pandemic that shut down its factories and then forced hundreds of Apple retail stores to close. The results give the ...
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Amgen Studying Otezla for Coronavirus, First-Quarter Results Beat Street Estimates (Reuters) - Amgen Inc on Thursday reported better-than-expected first-quarter results and said it plans to study psoriasis drug Otezla as a potential treatment for COVID-19, the respiratory disease caused by the new coronavirus. Otezla, which Amgen acquired ...
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ConocoPhillips Has Surprisingly Strong Earnings Despite Crude's Crash Crude prices crashed during the first quarter, devastating the oil sector. Several oil companies have already filed for bankruptcy, while most others have had to slash spending, shareholder payouts, and production. ConocoPhillips (NYSE: COP) certainly ...
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Why Harley-Davidson Stock Is Falling 7% Today Shares of Harley-Davidson (NYSE: HOG) were pulling back almost 7% in morning trading Thursday after a two-day run following its earnings report that saw the stock rise by more than 30%. So what. After the motorcycle maker saw its stock lose nearly ...
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MGM shares rise after revenue hurt by shuttered casinos, travel restrictions due to coronavirus pandemic MGM Resorts International Inc. MGM, -3.60% shares edge up 0.5% in the extended session as the casino operator reported revenue and earnings Thursday hurt by casino closures and travel restrictions at its flagship properties in Asia and the U.S. MGM ...
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Comcast sees growth in broadband but the pandemic hit theme parks, film industry While Comcast's high-speed internet and wireless services are seeing record numbers of new customers as the global pandemic keeps people indoors, the company is taking a hit in services for sports, theme parks and the film industry. "COVID-19 has ...
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Americans becoming addicted to cereal during COVID-19 outbreak, social media reveals This article has Unlimited Access. For more coverage, sign up for our daily coronavirus newsletter. To support our commitment to public service journalism: Subscribe Now. All those social media posts of Americans sitting in their jammies all day eating cereal ...
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Teladoc Health 'significantly' raises revenue, visits projections after busy Q1 When Teladoc Health wrapped up its last earnings call in February, the virtual care company gave its revenue projections a modest bump and said that it was keeping an eye on COVID-19 cases in the event that it would need to scale the capacity of its ...
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PPP Problems? The Fed Just Expanded Its Main Street Lending Program, Here's What Businesses Should Know On Thursday, the Federal Reserve announced that it will expand the scope of its highly anticipated Main Street Lending Program to include more companies and more types of loans. While the central bank has yet to determine a start date for that program, ...
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NYSE-owner ICE makes case for trading floor as profits rise (Reuters) - New York Stock Exchange-owner Intercontinental Exchange Inc (ICE.N) on Thursday reported first-quarter profits that beat analysts' expectations, helped by a surge in trading volumes as investors reacted to developments in the coronavirus ...
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Tyson to close another plant as Trump signs executive order on food supply Tyson Meats announced that it will close another plant this weekend as the nation's food supply comes into focus amid the spread of COVID-19. The Tyson Meats plant in Dakota City, Neb. Is the fifth Tyson plant to close. The plant provides beef for 18 million ...
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2 Halliburton facilities in Texas close during global coronavirus emergency HOUSTON — Halliburton closed two operations locations in Texas this week. The company said its Kilgore operations team is being relocated to its Bossier City field camp facility. Also, employees at Halliburton's Elmendorf facility in San Antonio are being ...
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Goldman Sachs shareholders back executive pay packages NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N) said on Thursday that 71% of shareholders voted to approve the bank's executive pay packages, according to preliminary tallies. The vote, taken at the bank's annual shareholder meeting, is significant ...
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DTE to cut electric bills $30 million-$40 million for June and July DTE Energy Co. plans to pass along $30 million to $40 million in lower electricity rates to customers for June and July bills based on lower generation costs. "We know that many Michiganders are experiencing hardships due to the COVID-19 pandemic," said ...
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Tarrant County reports single-day high 7 coronavirus deaths, all Fort Worth residents 'We're really just being the guinea pigs.' Worker worries about safety of returning to job. SHARE. <style>.mcclatchy-embed{position:relative;padding:40px 0 56.25%;height:0;overflow:hidden;max-width:100%}.mcclatchy-embed iframe{position:absolute;top:0 ...
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Florists face Mother's Day coronavirus quarantine challenges Florists are doing their best to keep business from wilting during the pandemic. Continue Reading Below. Flower shops across the country face challenges ahead of Mother's Day -- one of their busiest holidays of the year -- with limited access to fresh flowers ...
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Possible coronavirus spread reported at grocery store, wireless dealer Syracuse, N.Y. — People at two Erie Boulevard East businesses have tested positive for coronavirus since working shifts recently, Onondaga County health officials announced. One was a shopper at the Price Chopper, located at Midler Avenue, in Syracuse.
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Americans' retirement accounts dropped during coronavirus — here's how much the average account has now The U.S. economy has been severely impacted by the coronavirus, and Americans' retirement savings haven't been immune. Last week, Fidelity Investments released the results of its analysis of retirement savings trends for the first quarter of 2020.
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Your guide to St. Louis area farmers markets during the COVID-19 pandemic ST. LOUIS — Some St. Louis area farmers markets remain open or will open soon amid the COVID-19 pandemic as they are considered essential businesses. ALTON FARMERS AND ARTISANS MARKET. 501 Landmarks Blvd. The market opens on May 9 ...
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St. Joseph pork processing plant has 126 positive COVID-19 cases; 92 are asymptomatic ST. JOSEPH, Mo. — The Missouri Department of Health and Senior Services says 92 asymptomatic employees at Triumph Foods tested positive for coronavirus after a large scale testing effort. DHSS partnered with the city's health department, Northwest ...
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Virus Throws New Wrench into US's Moribund Offshore Wind Plans The nascent U.S. offshore wind industry is off to a rocky start, and stay-at-home orders are making it worse. Restrictions in New York, New Jersey and elsewhere that have closed businesses and stalled construction projects are hampering undersea surveys ...
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Whirlpool: 1Q Earnings Snapshot BENTON HARBOR, Mich. (AP) _ Whirlpool Corp. (WHR) on Thursday reported first-quarter net income of $152 million. The Benton Harbor, Michigan-based company said it had profit of $2.41 per share. Earnings, adjusted for non-recurring costs, were $2.82 ...
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J. Crew preparing for bankruptcy filing - CNBC April 30 (Reuters) - Privately held fashion company J. Crew Group Inc is preparing for a bankruptcy filing that could come as soon as this weekend, CNBC reported on Thursday, citing people familiar with the matter. The company is working to secure $400 ...
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LabCorp furloughs employees as non-COVID-19 testing business craters Burlington-based LabCorp, which has become a critical source of testing during the COVID-19 pandemic, is furloughing employees as its non-coronavirus testing business fell by half in recent weeks. The company, which employs around 9,000 people in ...
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Wealthy New Yorkers caught hiding billions in offshore Israeli, Swiss accounts The Justice Department is celebrating its second-largest recovery as it files charges against a bank that helped set up offshore accounts. Facebook; Twitter; Comments; Print; Email. By Brittany De LeaFOXBusiness. close. UBS Americas President Tom Naratil ...
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Sun shines on ServiceNow amid pandemic storm after belated spree of $1m+ deals Workflow wizard ServiceNow seems to have dodged the market glitch at the end of Q1 and secured deals sufficient to beat guidance with its results. The company boasted $995m in subscription revenue in its first 2020 quarter, 34 per cent growth year‑on‑year ...
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4 transportation updates Northwest Austin residents should know I-35 flyover construction. Texas Department of Transportation crews in early April installed several beams on the southbound I-35 to southbound US 183 flyover. Work continues on a shared-use path along the northbound I-35 frontage road near Rundberg ...
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Bitcoin price sees 20% gains in 24 hours in a new rally Ali Raza; 30th April, 09:03; Updated: 30th April, 09:14. Bitcoin price skyrocketed in the last 24 hours, allowing the coin to see 20% growth. After spending almost an entire week at $7,700, BTC suddenly surged to reach $9,400 in the past day. Investors and ...
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Fourth stimulus bill may not be needed if states bounce back: White House By Tim Ahmann. WASHINGTON (Reuters) - A fourth bill to provide stimulus to the U.S. economy may not be needed if states are able to successfully reopen their economies "relatively quickly," as some forecasters and equity markets expect, a White House ...
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The Big List: Houston restaurants reopening May 1 and beyond May 1 marks the first day Texas restaurants can resume dine-in service at 25 percent capacity. Houston restaurants have been busy since Gov. Greg Abbott announced the first phase of restarting the Texas economy to prepare for reopening under guidelines ...
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Chief justice suspends San Mateo County Superior Court criminal jury trials for another 30 days California Chief Justice Tani Cantil-Sakauye on Wednesday suspended criminal jury trials in the state for a total of 90 days from previous deadlines. The chief justice's order adds another 30 days of suspension to a 60-day suspension she ordered in March in ...
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