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Macy's will survive. It has a role to play in American retail, CEO Jeff Gennette says In a wide-ranging and candid conversation, Macy's CEO tells CNBC why he thinks the company will survive the crisis brought on by the coronavirus pandemic. Gennette reflected on a recent call with Treasury Secretary Steven Mnuchin, and says there may be ...
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Gilead to Work With Partners to Ramp Up Production of Potential Coronavirus Treatment (Reuters) - Gilead Sciences Inc, maker of the experimental coronavirus drug remdesivir, on Thursday said it will work with international partners to expand production of the potential COVID-19 treatment. The company said it still expects to have more than one ...
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Apple says 'a few' US retail stores could reopen in May Apple expects to start reopening more of its stores in May, after shutting down locations outside of China due to the coronavirus pandemic. Stores in Australia and Austria could reopen in the next two weeks, Apple CEO Tim Cook told Bloomberg. "A few" stores ...
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Amazon sales soar as coronavirus-worried consumers shop from home, but costs rise SEATTLE—Amazon recorded a 26 percent increase in revenue as the e-commerce giant racked up massive sales driven by a surge in shopping by consumers worried about leaving home during the coronavirus pandemic. But Amazon intends to ramp up ...
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Oil Stocks, Boeing, or Index Funds: Where's the Best Place to Invest Your Stimulus Check? The coronavirus pandemic has laid waste to the global economy. U.S. economic activity is expected to fall by double-digits in the second quarter, and almost 30 million Americans have filed for unemployment since mid-March. In order to help support the ...
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Amazon has launched a pilot COVID-19 testing program for warehouse employees An Amazon employee told Business Insider that they saw testing stations being set up at a warehouse in Fresno, California. In a statement, the company confirmed that it has begun a "small-scale pilot," but declined to say where or if COVID-19 testing would ...
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Wall Street powers through waves of bad economic news to its best months in decades Investors looked past weeks of grim economic news to power Wall Street to its best month in decades, even as the three major U.S. indexes ended Thursday's session in the red. The Standard & Poor's 500 posted its strongest one-month returns since 1987, ...
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American Posts Big Loss as Air Travel Collapsed The world's largest airline said it is going to have to get smaller. American Airlines Group Inc. said Thursday that it lost $2.2 billion in the first quarter as the coronavirus pandemic brought global travel to a near halt. Airlines have taken a massive hit as travel ...
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Alamo Drafthouse founder Tim League steps aside as CEO of the maverick theater chain Tim League, the founder of quirky movie theater chain Alamo Drafthouse Cinema, is stepping aside as its chief executive, the company said Thursday. League, who founded the Austin, Texas-based exhibitor in 1997 with his wife Karrie, said he started looking ...
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Why Abiomed Stock Soared Today Shares of Abiomed (NASDAQ:ABMD) were soaring 13.8% higher as of 3:26 p.m. EDT on Thursday. The big jump came after the medical device maker announced its fiscal 2020 fourth-quarter and full-year results before the market opened. Abiomed reported ...
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Elon Musk rails against stay-at-home orders while tweeting debunked and controversial coronavirus claims New York (CNN Business) On a recent earnings call — typically a dry review of financial results — Tesla CEO Elon Musk went off-script, calling stay-at-home orders imposed as a result of the global coronavirus pandemic "fascist." "Give people back their ...
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Bank Hapoalim to Pay $874 Million to Settle US Tax Charges Bank Hapoalim agreed to pay $874 million to settle U.S. charges that it conspired with American taxpayers to hide more than $7.6 billion in secret Swiss and Israeli accounts, federal prosecutors said, the second-biggest settlement in a decade-long crackdown ...
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Americans are hoarding cash: Savings rate hits its highest level since 1981 New York (CNN Business) Americans are so nervous about the state of the economy that they are stashing cash in the bank at a rate not seen since the first year of Ronald Reagan's presidency. The United States government's Bureau of Economic Analysis ...
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Buffett Likely to Finally Address Pandemic at Berkshire Hathaway Meeting (Reuters) - Berkshire Hathaway Inc's annual meeting will be nothing like the extravaganzas of years past, but will give Warren Buffett a chance to show how resilient his cash-rich conglomerate may be to the coronavirus pandemic, and the investment ...
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Bitcoin Shaping up to be a "Higher Gold 2.0" as Bullishness Grows Bitcoin has seen some immense bullishness throughout the past couple of days, with the benchmark cryptocurrency incurring a notable uptrend that allowed it to climb from lows of $7,700 to highs of $9,500. This upwards momentum has marked a significant ...
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Why Royal Caribbean, Carnival, and Marriott International Stocks All Slumped Today It's the end of April, spring is here, and the geese are flying back north. Travel stocks, however, are heading south again. In early morning trading, shares of hotel chain Marriott International (NASDAQ: MAR) dropped more than 5%, and cruise operators Royal ...
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US Steel to idle blast furnace in Mon Valley; posts another loss for the first quarter U.S. Steel Corp. late Thursday announced a string of closings and layoffs to preserve cash as the struggling Pittsburgh-based steelmaker confronts lower prices and falling demand for its products amid the global pandemic. At the same time, the company ...
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Chick-fil-A launches meal kit as more people eat at home Chick-fil-A is rolling out a meal kit as more people eat at home because of the coronavirus pandemic. The chicken chain will start selling its new product nationally as soon as May 4. Each individual restaurant will decide whether to offer the meal kits, but ...
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Massachusetts Walmart closes after 23 employees test positive for coronavirus A Walmart store was forced to close after nearly two dozen employees test positive for coronavirus. Worcester, Mass., officials shuttered the superstore Wednesday when 23 essential workers — not equipped with protective gear — became infected with the ...
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MGM CEO: Bellagio, New York-New York to reopen first after shutdown The head of MGM Resorts International isn't sure when he'll be able to open properties in Las Vegas, but said Thursday that New York-New York and Bellagio will likely be the first to open their doors. Acting CEO Bill Hornbuckle said New York-New York is ...
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Meat Plants to Reopen in 'Days Not Weeks,' USDA Boss Says Agriculture Secretary Sonny Perdue said he expects meatpacking plants to reopen in "days not weeks" under President Donald Trump's executive order invoking the Defense Production Act. Slaughterhouse workers should begin receiving more protective ...
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Chipotle Plans Free Delivery and Free Queso Blanco Promotions Around Cinco de Mayo Chipotle Mexican Grill's (NYSE:CMG) latest advertising promotion highlights Cinco de Mayo, the upcoming May 5 commemoration of Mexican forces over Emperor Napoleon III's French expeditionary force at the Battle of Puebla in 1862. The extras offered to ...
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Tyson plant in Dakota City, Iowa, to temporarily close We're providing access to COVID-19 articles for free. Please help support our work by subscribing or signing up for an account. Already a subscriber? Log in. Log in Sign up Become a Member. coronavirus-stock-image-05.jpg. Coronavirus update. iStock.
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Microsoft will narrow its focus to software developers at this year's virtual Build conference Unlike past years, people will only be able to watch the 2020 Microsoft Build conference online, and the event won't be as much talk about big-picture strategy or new software features for end users. Over 6,000 people registered to attend last year's show in ...
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Dayton heirs permanently close Bachelor Farmer restaurant, citing coronavirus impact The Bachelor Farmer, closed for the past six weeks in response to the coronavirus pandemic, will shutter its doors permanently, the owners announced Thursday on the website of the trendsetting fine-dining restaurant in Minneapolis' Warehouse District.
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Walmart workers in Hawaii receive a total of $380K in bonuses To give back in this time of uncertainty, one big box store is saying thank you to their employees in a big way. Walmart says associates in Hawaii received a bonus in their paychecks Thursday, which adding up to $380,000 statewide. Around the nation, all ...
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Quaker Steak & Lube Appears Closed For Good In Brick Employees say they have been told the franchise will remain closed even after coronavirus restrictions are lifted. By Karen Wall, Patch Staff. Apr 30, 2020 4:34 pm ET. Reply. 0. The Quaker Steak & Lube in Brick appears to have served its last steak, according ...
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National Fuel Gas: Fiscal 2Q Earnings Snapshot WILLIAMSVILLE, N.Y. (AP) _ National Fuel Gas Co. (NFG) on Thursday reported a fiscal second-quarter loss of $106.1 million, after reporting a profit in the same period a year earlier. The Williamsville, New York-based company said it had a loss of $1.23 per ...
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Ørsted Offshore Wind Farms Delayed by Pandemic Ørsted, the Denmark-based energy company and the world's top offshore wind developer, said at least five of its projects off the U.S. East Coast could be delayed due to impacts from the coronavirus pandemic. The company in an announcement April 29 said ...
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Barrio Tacos announces plans to open in North Olmsted NORTH OLMSTED, Ohio — Barrio Tacos is slowly but surely taking over Northeast Ohio's food scene. The Cleveland-based chain announced today that its 10th location will open sometime this year in North Olmsted. "Our loyal Barrio guests want us to ...
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The malls of Macomb County remain closed, site of little activity Macomb County's malls remain closed amid the COVID-19, although individual interior stores could provide and some anchor stores are providing curbside service. The entirety of Lakeside Mall in Sterling Heights remains closed while three stores at Macomb ...
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Molson Coors sees more demand for Miller Lite and Coors Light, shifts marketing strategy As stadiums, bars and restaurants all temporarily shut down as a result of the Covid-19 pandemic, Molson Coors Beverage Co. is seeing the negative impacts it has on overall business. Subscribe to get the full story. Already a paid subscriber? Sign in ...
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Lysol maker reports unprecedented surge in sales during pandemic The viral pandemic sweeping the globe sent Lysol-maker Reckitt Benckiser Group to its strongest start to the year in recent memory. Sales jumped 13.5% in the first quarter, crushing estimates and prompting the Slough, England-based company to raise its ...
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Lancaster County unemployment rate hits 20.8%; highest rate since Great Depression The unemployment rate in Lancaster County has climbed to 20.8%, fueled by thousands more county residents being pushed out of jobs by the COVID-19 pandemic, new data show. According to figures released by the Lancaster County Workforce ...
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Lockheed Martin's PrSM Proves Reliability in Third US Army Flight Test DALLAS, April 30, 2020 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) successfully tested its next-generation long-range missile designed for the Army's Precision Strike Missile (PrSM) program at White Sands Missile Range, New Mexico. All objectives ...
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Austerity measures at RIL as covid saps oil demand MUMBAI : Reliance Industries Ltd (RIL) chairman Mukesh Ambani will forgo his annual salary as India's top private refiner unveiled on Thursday measures to cut costs as the covid-19 outbreak sapped demand for energy worldwide. As part of the cost-cutting ...
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AT&T Merging WarnerMedia With Xandr Advertising Unit AT&T said it was merging its Xandr advanced advertising unit into WarnerMedia. xandr-16x9. Gerhard Zeiler, who is WarnerMedia's chief revenue officer and president of WarnerMedia International, will oversee all advertising operations across AT&T. The two ...
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A Tampa Bay weatherman's dog just delivered a perfect forecast Give that dog a tie and more airtime. Colin Wolf. Apr 30, 2020 2 PM. 0. Tweet. Share. Screen Shot20200430At2 01 39PM. View Gallery. Screengrab via FOX13. A very good boy named Brody interrupted a weather forecast by WTVT's chief meteorologist Paul ...
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Gilead Sciences Announces Second Quarter 2020 Dividend Gilead Sciences, Inc. (Nasdaq: GILD) today announced that the company's Board of Directors has declared a cash dividend of $0.68 per share of common stock for the second quarter of 2020. The dividend is payable on June 29, 2020, to stockholders of ...
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