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Bed Bath & Beyond Fills Out Exec Ranks And Talks About What's Next With four key hires that fill out the executive team at Bed Bath & Beyond, CEO Mark Tritton has checked off another box on his to-do list in remaking the retailer…a list that has been adjusted somewhat by circumstances far beyond his control. In a new ...
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Boeing is raising $25 billion and says it doesn't need a federal bailout New York (CNN Business) Boeing won't be needing a federal bailout after all. The troubled aircraft maker said Thursday that it is raising $25 billion through a bond offering — a massive financial boost that Boeing says will keep it from having to tap into the ...
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Apple, Huawei Boost Market Share, as First-Quarter China Smartphone Shipments Fall: Canalys SHANGHAI — Apple Inc and Huawei Technologies [HWT.UL] each captured a higher share of China's smartphone market in the first quarter, according to data from research firm Canalys released on Friday. Total smartphone shipments in the country in the ...
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Tesla's SEC Filing Is More Fodder for Bulls and Bears. Here's How to Interpret It. Electric-vehicle pioneer Tesla filed its quarterly report with the Securities and Exchange Commission shortly after releasing first-quarter numbers Wednesday evening. The document—called form 10-Q—offers more detail than a typical earnings news release.
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Housing: Part 364 - Rising Homeownership Rates The best looking group in terms of recent trends is the under 35 group, which has managed to just touch the bottom end of historical norms. It is difficult to imagine homeownership rates increasing much further without further loosening in lending standards.
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Bank Hapoalim agrees to pay over $30 million for role in FIFA scandal: DOJ WASHINGTON (Reuters) - Bank Hapoalim B.M. (POLI.TA) agreed to pay more than $30 million for its role in the money laundering conspiracy surrounding FIFA, the world governing body for soccer, the U.S. Department of Justice said on Thursday. The Israeli ...
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Visa 2Q Profits Up 3.6%, Helped by More Spending on Network Visa said Thursday that its fiscal second-quarter profits increased 3.6% from a year earlier, helped by growth in payments being processed over the company's namesake network. The San Francisco-based company reported net income of $3.08 billion, ...
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Wells Fargo Isn't Accepting HELOC Applications -- Will Credit Continue to Tighten? Wells Fargo (NYSE: WFC) announced Thursday that it will no longer be accepting applications for home equity lines of credit, or HELOCs. This is the latest move by a major U.S. financial institution to tighten its mortgage lending practices. JPMorgan Chase ...
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RPT-FOCUS-Pandemic-hit Macau casinos look to play the long game with cash pile (Repeats story from Thursday). By Farah Master and Scott Murdoch. HONG KONG, April 30 (Reuters) - Light on debt and cash rich, Macau's Galaxy Entertainment is bleeding $3 million daily in operating cost as the coronavirus crisis upends its casino ...
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Relief being offered for Charlotte and Mecklenburg County businesses MECKLENBURG COUNTY, N.C. — Relief is being offered for Charlotte and Mecklenburg County small businesses. The Brooklyn and Charlotte-based company is offering 50 businesses up to $20,000 in zero-interest two-year loans. Payments are deferred ...
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Carlyle Has $74 Billion to Put to Work as Pandemic Upends Markets The Carlyle Group reported a loss, but the global investment firm is in a position to take advantage of opportunities created by Covid-19. Carlyle (ticker: CG) has $74 billion of dry powder—unallocated money raised from investors—to put to work. It also has $1 ...
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Lufthansa pilots offer to sacrifice up to 45% of salary: union BERLIN (Reuters) - Pilots at Lufthansa (LHAG.DE) are ready to sacrifice up to 45% of their salaries for more than two years to help cut costs, their union Cockpit said on Thursday, as the airline struggles with the impact of the coronavirus pandemic.
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2 more Ohio counties to be subject of another opioid trial Two Ohio counties have been named as plaintiffs in a test trial over whether pharmacies should be held liable for the U.S. opioid crisis. By. GEOFF MULVIHILL Associated Press. April 30, 2020, 11:26 AM. 2 min read. 2 min read. A judge has added claims from ...
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Tesla Cuts Price for China-Made Model 3 Cars by 10% to Qualify for Subsidies BEIJING — U.S. electric vehicle maker Tesla Inc said in Friday it has cut the starting price for China-made Model 3 sedans by 10% to qualify for subsidies in the world's biggest auto market. Tesla, which started delivering cars from its $2 billion Shanghai car ...
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J. Crew prepares to file for bankruptcy, report says Stores across the nation have been hit hard by the economic fallout surrounding the coronavirus pandemic, but some have been hit worse than others. J. Crew, the clothing company, is preparing to file for bankruptcy, with CNBC reporting that it could come as ...
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Frontline workers call for May Day strike over working conditions Workers at some of America's largest companies are planning to strike on Friday, accusing their employers of covering up the scale of the COVID-19 outbreak in their workplace and failing to provide them with protective equipment. Labor organizers at ...
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List of outdoor activities now allowed throughout the Bay Area SAN FRANCISCO, Calif. (KRON) — A new shelter-in-place order for six Bay Area counties was officially released Wednesday, revealing that some coronavirus restrictions will be eased. The new order goes into effect May 4 and lasts through May 31 for ...
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Macy's will start reopening stores on Monday Macy's announced plans to reopen 68 of its stores less than a week from now in states that have loosened social distancing restrictions during the coronavirus pandemic. During a Thursday morning webcast, Macy's CEO Jeff Gennette told analysts and ...
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CEO gives $1.6M he made in stock market to his employees Don't you hate the kind of boss or employee who brags about how much money he or she made in the stock market? You won't hear that complaint from Larry Connor's employees. Connor, the owner of Miami Twp.-based real estate investment firm, The ...
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US Steel sees large net loss, idles blast furnace at Mon Valley Works PITTSBURGH — United States Steel Corp. (NYSE: X) reported a net loss of $391 million in the first quarter of 2020 and idled a blast furnace at Mon Valley Works, making it the next in a long list of Pittsburgh companies reporting financial results negatively ...
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Sale of .org domain to private equity firm blocked after outcry The internet's main oversight body has blocked the $1.1bn sale of the .org domain to a US private equity firm, following an outcry from activists and calls by politicians for the deal to be scrapped. The sale was rejected late on Thursday by ...
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Low Prices, Full Storage Tanks: What's Next For The Oil Industry At the end of the hour, we hear from Stephen Henderson, host of "Detroit Today," about the loss of WDET listener and caller Tom Wilson. When the economy slows, so does the demand for oil. Prices have plummeted and storage tanks are filled to capacity.
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Tesla will seek one-year break on job commitments BUFFALO, NY. Tesla, which operates a factory in South Buffalo built and equipped with almost $1 billion in state taxpayer money, will ask state officials for a year-long break on its job and financial commitments. The company disclosed this Wednesday night ...
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Grand Prairie-Based Six Flags Reports Q1 Loss of $84.5M Six Flags Entertainment Corp. on Thursday reported a loss of $84.5 million in its first quarter. On a per-share basis, the Grand Prairie, Texas-based company said it had a loss of $1. The results exceeded Wall Street expectations. The average estimate of ...
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Ready For Primetime Or False Hope? Richmond's ARCpoint Labs Providing COVID-19 Antibody Tests RICHMOND (CBS SF) — It's being touted as the newest weapon in the battle against the deadly coronavirus: an antibody test that promises to tell you if you've been infected and developed antibodies. More than 100 companies are marketing the COVID-19 ...
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Amazon to open new fulfillment center, in Sparrows Point BALTIMORE (WBFF) - Amazon is set to open its fourth fulfillment center in Maryland, at the Tradepoint Atlantic development in Sparrows Point. Tradepoint Atlantic announced today that the new Amazon center would be even bigger than the current center, ...
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Oneida County inmates now producing masks The Programs Unit at Oneida County jail announced that inmates have begun making cloth face masks as the community continues to do all it can to stop the spread of the COVID-19 virus, according to Sheriff Robert Maciol. The sewing program at the jail ...
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Toyota passes 15 million hybrid electric vehicles global sales Toyota has sold more than 15 million hybrid electric vehicles to date worldwide since the Prius was first launched in 1997. Today in Europe, sales of HEVs have passed the 2.8M mark with a range of 19 different HEV models on offer across the Toyota and ...
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Where You Can Get The COVID-19 Antibody Test In Lansing Go ahead, admit it. Every sneeze, every cough, every wheeze, when you feel hot or cold, you feel an ache or pain you haven't felt before, you're feeling sluggish and more...you're asking yourself... "Is this it, do I have the Coronavirus?" If you have those ...
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Four new COVID-19 cases in Orleans County; two in Wyoming; none reported in Genesee ALBION — There were four new COVID-19 cases in Orleans County for a total of 95 as of 2 p.m. Thursday. One of the new cases lives in Albion and another in Gaines, while two of the positive cases were from The Villages of Orleans Health & Rehab Facility.
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COVID-19 treatment being tested at Strong ROCHESTER, N.Y. (WROC) — Positive results are coming out from a drug being used to treat some Strong Hospital patients with COVID-19. Doctors say that Remdesivir, an antiviral treatment, is looking encouraging after a month-long study at the University ...
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Coronavirus (COVID-19) Update: FDA Includes Ventilator Developed by NASA in Ventilator Emergency Use ... Coronavirus (COVID-19) Update: FDA Includes Ventilator Developed by NASA in Ventilator Emergency Use Authorization. PR Newswire. SILVER SPRING, Md., April 30, 2020. SILVER SPRING, Md., April 30, 2020 /PRNewswire/ -- The U.S. Food and Drug ...
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