Thursday, April 30, 2020

Google Alert - finance

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finance
As-it-happens update April 30, 2020
NEWS
CNBC
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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The New York Times
(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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The Verge
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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Washington Post
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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Motley Fool
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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Business Insider
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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Washington Post
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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Wall Street Journal
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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Los Angeles Times
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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Motley Fool
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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CNN International
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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Bloomberg
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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CNN
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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The New York Times
(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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newsBTC
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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Motley Fool
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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Pittsburgh Post-Gazette
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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Fox 59
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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New York Daily News
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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Las Vegas Review-Journal
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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Bloomberg
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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Motley Fool
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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Quad City Times
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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CNBC
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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TwinCities.com-Pioneer Press
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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KITV Honolulu
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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Patch.com
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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YourErie
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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POWER magazine
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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fox8.com
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 Oakland Press
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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Milwaukee Business Journal
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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Chron.com
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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LancasterOnline
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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Herald-Mail Media
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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Livemint
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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Broadcasting & Cable
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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Creative Loafing Tampa
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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Schaeffers Research
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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