Friday, May 1, 2020

Google Alert - finance

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finance
As-it-happens update May 1, 2020
NEWS
The New York Times
STOCKHOLM — Per Arne Fredin has been at the sharp end of Sweden's policy to buck the norm and avoid a COVID-19 lockdown - a decision that has been hailed as both visionary and irresponsible by public figures around the world. As a 70-year-old with a ...
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The New York Times
Shares fell in Asia on Friday after a crush of dismal data about the economy sent markets lower overnight in a meek ending to a historic, juggernaut month for stocks. Most regional markets were closed for May Day holidays. But Japan's Nikkei 225 index ...
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Reuters
LONDON (Reuters) - British state-backed lender Royal Bank of Scotland (RBS.L) said its profits halved in the first quarter, as it set aside 802 million pounds ($1.01 billion) against a likely spike in bad loans due to the coronavirus pandemic. FILE PHOTO: ...
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Nasdaq
Electric vehicle maker Tesla (TSLA) takes its place as one of the most controversial names on Wall Street; either you love it or you hate it. However, even the company's naysayers can't deny it's on a roll recently, with its stock up 98% year-to-date and ...
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Nasdaq
Last week, collaboration company Zoom Video Communications (NASDAQ: ZM) announced in a blog post that its daily users had risen from 10 million in December 2019 to 300 million in April this year. However, according to The Verge, Zoom edited its blog ...
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BestAdvice
(Adds detail, background). By Huw Jones and Carolyn Cohn. LONDON, May 1 (Reuters) - Britain's financial watchdog said it would urgently ask the courts to clarify uncertainty over whether businesses can claim compensation for disruption caused by the ...
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Wall Street Journal
Once the Las Vegas Strip is cleared to reopen, MGM Resorts International will open two or three of its casinos, including the flagship Bellagio, as part of a gradual relaunch, acting Chief Executive Bill Hornbuckle told Wall Street analysts. MGM Resorts, the ...
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Milwaukee Business Journal
Shares of Molson Coors Beverage (NYSE: TAP) fell by 10.6% on Thursday in the wake of the company's release of first-quarter financial results that showed the business is being hit hard by the COVID-19 pandemic.
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Insurance Journal
Tesla founder and CEO Elon Musk is getting into the insurance business again, sort of. Musk has cancelled his company's directors and officers insurance (D&O), replacing it with a promise to personally provide his board members with "equivalent" coverage ...
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Bloomberg
Moderna Inc., one of the leaders among U.S. companies developing experimental vaccines against the coronavirus, entered a pact with Lonza Group AG aimed at manufacturing 1 billion doses a year. The companies announced a global agreement under ...
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New York Post
You can now get your Chick-fil-A fix at home. The fast-food chain is introducing meal kits with step-by-step instructions to make chicken Parmesan in home kitchens. The make-it-yourself kits are set to become available at participating locations on May 4, the ...
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LA Daily News
The new normal at Six Flags Magic Mountain and other locations in the national amusement park chain will include face masks, temperature checks, reduced attendance, virtual queueing, mobile ordering, cashless transactions, social distancing and constant ...
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Newsweek
This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (May 1, 2020). LONDON -- Royal Dutch Shell PLC cut its dividend for the first time since World War II as ...
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ABC News
... * All sub-indexes on Australia index lower. * Austal biggest loses on ASX. * New Zealand flat, SkyCity down 5.3%. By Shashwat Awasthi. May 1 (Reuters) - Australian shares fell 3% on Friday, tracking a broad sell-off on Wall Street overnight as dismal ...
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StateImpact Pennsylvania
One of Pennsylvania's largest and most controversial shale gas drillers, Chesapeake Energy, has taken steps toward filing for Chapter 11 bankruptcy, according to a Reuters report. Under the direction of its high-spending, risk-taking CEO, Aubrey McClendon, ...
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Newsweek
President Donald Trump's order for meat processing plants to stay open amid concerns over growing COVID-19 and the impact on the nation's food supply is a bad idea, a union representative says. Wendell Young, president of Local 1776, United Food and ...
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The Guardian
From the Galapagos to Dubai crew have been left marooned amid squabbles over who is responsible for their welfare. Revealed: 100,000 crew never made it off cruise ships amid coronavirus crisis. Seascape: the state of our oceans is supported by.
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NWAOnline
Tyson Foods Inc is halting production at a Dakota City, Neb., beef plant today so it can deep clean the facility and screen workers for the coronavirus. The plant, which is one of America's largest, can slaughter up to 7,000 cows per day. It's the latest closure ...
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Yahoo News Australia
May 1 (Reuters) - Australia's Treasury Wine Estates on Friday said it had been served with another class action lawsuit filed by Maurice Blackburn alleging that the winemaker engaged in misleading and deceptive conduct. The new lawsuit follows one from ...
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San Antonio Current
If you're confused about what to look for when buying CBD oil, CBD gummies or any other CBD products, you're not alone. A lack of regulation within the CBD industry has made the whole market a bit like the Wild West. CBD sits in a gray area of legality, and ...
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Tire Business
AKRON — The COVID-19 pandemic quickly changed industry demand, and because of this, Goodyear's first quarter sales were down 15% from a year ago and the company fell into the red on an operating and net basis. "Our first quarter results were affected ...
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WBAY
APPLETON, Wis. (WBAY) - Craft breweries have been especially hit hard by the outbreak of the coronavirus making it tough to get their product out to customers. This weekend, a special event hopes to change that. With bars now empty, craft breweries like ...
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Fox News
APPLETON, Wis. (WBAY) - With some community testing sites opening for specific people to be tested for the coronavirus, Action 2 News learned a local wellness institute is now offering COVID-19 antibody tests. But, just because the antibody tests are ...
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ActionNewsJax.com
JACKSONVILLE, Fla. — Businesses across our area are preparing to re-open. With Phase 1 starting Monday, restaurants will be able to re-open their dining rooms and retail stores can also open to the public. But as you head out to enjoy a meal at your ...
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RochesterFirst
ROCHESTER, N.Y. (WROC) – A mailing error at the Department of Labor sent the personal information of multiple New Yorkers to the wrong people. The error affected mail sent out over four days to New Yorkers who had filed for unemployment insurance.
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Patch.com
Many employees at Amazon, Whole Foods, Instacart and other companies say they aren't being adequately protected against the coronavirus. By Amber Fisher, Patch Staff. Apr 30, 2020 3:32 pm MT ...
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Olean Times Herald
While other parts of the country have seen gasoline prices drop well below $2 per gallon, Western New York remains well above the national average this week. The national average price for a gallon of gasoline was $1.77 earlier this week, down 4 cents ...
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Smarter Analyst
DANVERS, Mass. (AP) _ Abiomed Inc. (ABMD) on Thursday reported fiscal fourth-quarter net income of $31.8 million. On a per-share basis, the Danvers, Massachusetts-based company said it had profit of 70 cents. Earnings, adjusted for non-recurring costs, ...
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WBFO
Tesla plans to take New York State up on an opportunity to get a one-year break from financial and job creation obligations they're held to at its Buffalo Gigafactory. A spokesperson for Empire State Development confirmed Thursday the state is considering a ...
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Winnipeg Free Press
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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Yahoo Finance
(Bloomberg) -- Natural gas storage sites are filling up faster than usual across Europe as the effects of the coronavirus have left traders looking for places to keep surplus fuel. The gas market rout has pushed prices at key European trading hubs in the ...
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Fox News
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. The U.S. Food and Drug Administration (FDA) authorized the use of a new high-pressure ventilator developed by NASA on Thursday to treat patients who are infected ...
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