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UPDATE 3-Italy's bond yields hit seven-week low, Bund yields at one-month high ... * Italy/German Bund yield gap below 200 bps. * Italian 10-year yields lowest in almost seven weeks. * (Adds ECB exclusive story, updates prices). By Dhara Ranasinghe. LONDON, May 26 (Reuters) - Italy's 10-year bond yield fell to a seven-week low on ...
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Chile's Latam Airlines Files for US Bankruptcy Protection Chile's Latam Airlines Group SA, the largest airline in Latin America, has filed for bankruptcy protection in the U.S. after travel restrictions all but emptied the skies in the region, sending air carriers scrambling for ways to cushion the coronavirus impact.
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Stanley Ho, Macao casino tycoon, dies at 98 Stanley Ho, the Macao casino tycoon who was considered the father of modern gambling in China, died May 26 in Hong Kong. He was 98. The family confirmed the death but did not provide a cause. In 2009, Mr. Ho underwent brain surgery after he reportedly ...
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Scotiabank profit drops 41%, more bad loans seen but stock still jumps (Reuters) - Bank of Nova Scotia on Tuesday said loan-loss provisions will remain high after a second-quarter increase drove a 41% profit decline, but shares still jumped 5% as earnings still beat analyst estimates. FILE PHOTO: A Bank of Nova Scotia ...
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Sanofi plans to unload a $13B Regeneron stake. Is a rare disease buyout next? Sanofi and Regeneron unveiled plans last year to restructure their longstanding partnership, and now there are bigger changes afoot, for Sanofi at least: The French drugmaker aims to sell a most of its massive stake in its biotech partner. Sanofi detailed plans ...
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Ad shift from TV to digital will speed up even more because of coronavirus, Goldman Sachs says Ad budgets were already shifting from TV to digital before the coronavirus pandemic, but that's going to speed up, according to a Europe-focused report by Goldman Sachs. "Overall, we expect the crisis will only accelerate the secular shift in advertising ...
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New home sales rose slightly in April, defying expectations of a huge 22% drop, as prices fall Sales of newly built homes rose nearly 1% in April compared with March, according to the U.S. Census. While that may not seem like a lot, they were expected to fall 22%. The median price of a newly built home dropped 8.5% annually to $309,900.
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Trailing Big Pharma peers, Merck inks deals to advance COVID-19 drugs, vaccines For months, as the world's largest vaccine companies jumped into COVID-19 research and inked partnerships, Merck was conspicuously quiet. That changed in late April when the drug giant unveiled some of its early efforts—and now, Merck is publicly ...
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PRECIOUS-Gold falls 1% as recovery optimism bolsters risk appetite ... * S&P 500 tops 3,000 mark * For an interactive graphic tracking the global coronavirus spread, open tmsnrt.rs/3aIRuz7 in an external browser (Recasts, adds comments, updates prices) By Eileen Soreng May 26 (Reuters) - Gold fell more than 1% on ...
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Global airlines body raises alarm over bailout debts PARIS (Reuters) - Heavy debts inherited from government bailouts and other fund-raising moves will delay the airline industry's recovery from the coronavirus crisis, a trade body said on Tuesday. FILE PHOTO: A logo of the International Air Transport ...
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Warner Music Is Inching Toward an IPO Despite the Hit From Coronavirus The IPO window is creaking open. Things have been very slow for initial public offerings, but the market last week snapped up shares of SelectQuote (ticker: SLQT), an online insurance broker, which priced an IPO at $20 a share, above the $17-$19 ...
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Why Evofem Biosciences Stock Is on Fire Today Shares of the small-cap biotech Evofem Biosciences (NASDAQ:EVFM) rose by as much as 42.5% in pre-market trading Tuesday morning. The company's stock is taking flight in response to the Food and Drug Administration's (FDA) approval for the ...
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Russian minister, oil majors to discuss output cut extension: sources MOSCOW (Reuters) - Russian Energy Minister Alexander Novak is due meet oil majors to discuss the implementation of global oil production curbs and the possible extension of the current level of cuts beyond June, sources familiar with the plans told ...
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Six Flags Will Reopen Its First Park On June 5, Requiring Masks And A Health Check People visiting Six Flags theme parks and water parks this summer will be required to wear a face mask at all times, the company says, as it prepares to reopen its first park to visitors for the since the coronavirus forced mass closures. Six Flags says it also will ...
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Texas-based bank CEO steps down as $5.5B merger called off Texas Capital Bank President and CEO Keith Cargill has stepped down from both roles, effective immediately, according to a May 26 news release. The news comes the same day as parent company and Dallas-based Texas Capital Bancshares (Nasdaq: ...
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Ice cream: This summer pleasure is available, with some restrictions Memorial Day usually is considered the unofficial start to summer, but with so much uncertainty still surrounding the reopening of New York, it sure doesn't feel like it. There are some small pleasures that we can still indulge in, such as getting an ice cream ...
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Annual Home Price Gains Increased To 4.4% In March According To S&P Corelogic Case-Shiller Index NEW YORK, May 26, 2020 /PRNewswire/ -- S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for March 2020 show that home prices continue ...
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SpaceX signs testing agreement with US Army for use of Starlink network SpaceX has signed a new agreement with the U.S. Army that will see that defense serve test SpaceX's forthcoming Starlink satellite-based broadband network over the course of three years to evaluate its usefulness in serving their needs. The R&D ...
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Colonel Sanders Maneuvers to Reclaim Lost Ground in Chicken Sandwich Wars With KFC 'Premium' Offering In what may be one of the biggest signs that COVID-19-related lockdowns are winding down in favor of a return to some semblance of "normalcy," fast-food chains are apparently ready to roll out new products again. KFC is testing a premium chicken sandwich ...
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Branson's Virgin Orbit fails on first rocket launch attempt LOS ANGELES (AP) - Richard Branson's Virgin Orbit failed Monday in its first test launch of a new rocket carried aloft by a Boeing 747 and released over the Pacific Ocean off the coast of Southern California. The inaugural launch had appeared to be going ...
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Alliant Energy to retire 380 MW coal-fired unit said to have lost millions with uneconomic scheduling Alliant Energy on Friday announced it would retire the last unit of its Edgewater coal plant in Wisconsin, a unit Sierra Club had previously found was costing Alliant's Wisconsin customers millions of dollars annually. The 380 MW unit is scheduled to go offline ...
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Sorrento Therapeutics Has $4B Coronavirus Opportunity, Analyst Says Sorrento Therapeutics Inc's (NASDAQ: SRNE) coronavirus program has been met with equal optimism and skepticism, which has led to wild swings in its stock price. The Sorrento Analyst. Dawson James Securities analyst Jason Kolbert initiated coverage of ...
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Macy's Names Interim CFO. Will It Help? While Macy's (NYSE:M) preliminary quarterly forecast showed a huge decrease from 2019, the retailer still has a chance for improvement. The company has made all sorts of adjustments to stem the hemorrhaging of sales and recently announced it has ...
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Pizza Hut giving away free medium pizzas to graduates The chain, which was founded in Wichita, Kansas, announced on social media late last week that it's giving away 500,000 free pizzas in partnership with America's dairy farmers. » RELATED: Graduation 2020: Deals and freebies for 2020 graduates.
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Advocate Aurora invests in Texas-based PPE manufacturer Advocate Aurora Health and 14 other health systems announced they are investing in personal protective equipment manufacturer Prestige Ameritech. Milwaukee- and Downers Grove, Illinois-based Advocate Aurora has partnered with Charlotte, North ...
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AutoZone Stock Tests Highs After Strong Q3 Earnings AutoZone, Inc. (AZO) shares rose more than 1% during Tuesday's session after the company posted better-than-expected third quarter financial results. Revenue was flat for the quarter, beating consensus estimates by $130 million, while net income came in ...
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US stocks jump on economy optimism; dollar drops U.S. stocks surged to the highest since March 5 as investors speculated the worst of the pandemic's damage to the global economy has passed after countries moved to ease lockdowns. A dollar gauge fell by the most in almost two months. The S&P 500 ...
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County commissioners ask for Tesla to relocate to St. Johns County ST. JOHNS COUNTY, Fla. — Commissioners from St. Johns County voted Tuesday morning to officially ask Elon Musk and the Tesla Company to move to St. Johns County. Earlier this month, Musk was tweeting about how the stay-at home restrictions in ...
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Facing biggest downturn, Singapore's virus relief reaches 20% of GDP SINGAPORE (Reuters) - Singapore rolled out its fourth multi-billion-dollar stimulus package in as many months on Tuesday, as it forecast a deeper recession than previously expected with the COVID-19 pandemic battering the bellwether economy.
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News From the Oil Patch: OPEC supply cuts looming By JOHN P. TRETBAR. Kansas Common crude at CHS in McPherson starts the week at $23.50 a barrel after topping $20 for the first time in two months last week. Kansas prices are up from just $10 a barrel at the beginning of the month, but are down by more ...
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Bata sees demand revival by Sept. Bata India on Tuesday said while it anticipated only need-based shopping in the short-term, revival in demand is expected around the festive season beginning September this year. The shoemaker posted a close to 57% drop in net profit for the ...
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Bharti Telecom raises over ₹8433 cr. via stake sale Dividends from Bharti Airtel proved insufficient in servicing loans taken to acquire shares of the telco. Bharti Telecom, the promoter firm of Bharti Airtel, on Tuesday raised over ₹8,433 crore by selling 2.75% stake in the mobile services provider in the ...
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Gas Prices Rise 6.4 Cents In Chattanooga Chattanooga gas prices have risen 6.4 cents per gallon in the past week, averaging $1.66 per gallon on Tuesday, according to GasBuddy's daily survey of 170 stations. Gas prices in Chattanooga are 18.1 cents per gallon higher than a month ago and stand ...
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Red Cross, Pantagraph team up for blood drive NORMAL — The American Red Cross and The Pantagraph are teaming up for the 21st annual Friends and Family blood drive. The drive will be noon to 6 p.m. June 9-10 at the Marriott Hotel and Conference Center, 201 Broadway Ave., Normal. The annual ...
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Fitch Places Four Tranches from Two CLOs on Watch Negative; Affirms Others Fitch Ratings - London - 26 May 2020: Fitch Ratings has placed four sub-investment grade tranches from two European collateralised loan obligations (CLOs) on Rating Watch Negative (RWN). The remaining tranches are affirmed with a Stable Outlook.
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Colorado Ski Resort Ready to Welcome Guests to the Slopes for Spring Skiing Skiers and snowboarders who want to hit the slopes will be required to wear masks if they're within six feet of other people. By Alison Fox. May 26, 2020. Advertisement. Save Pin FB More. Tweet Email Send Text Message Print. snowboarder. A snowboarder ...
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Over half of employees plan to work during retirement: Transamerica study A majority of workers (57%) plan to work full-time or part-time in retirement, according to a new survey by the research team at Transamerica Center for Retirement Studies reporting trends for three age groups: baby boomers, Generation X and millennials.
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Lilly, Junshi Biosciences plan to start human trials of COVID-19 antibody in second quarter (Reuters) - Shanghai Junshi Biosciences Co Ltd said on Tuesday it plans to start clinical studies to test its experimental antibody against COVID-19 in the United States and China in the second quarter of the year, with partner Eli Lilly and Co. Lilly and several ...
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UPDATE 1-Coronavirus to cut S.Africa's 2020 mining output by 8-10% -industry body (Adds quotes, details, background). JOHANNESBURG/LONDON, May 26 (Reuters) - South Africa's mining production is likely to fall by between 8% and 10% this year due to the COVID-19 pandemic, the CEO of industry body the Minerals Council said on ...
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BSNL Revises Auto Validity Extension, Now Charges Rs. 2 for 3 Days of Extended Plan Validity Bharat Sanchar Nigam Limited (BSNL) has launched an option to charge consumers for extending the validity of their plans. The new change comes as a revision of the existing Rs. 19 auto validity extension that BSNL customers were able to avail on the last ...
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India's Solar Park Scheme Offers $700 Billion Opportunity For Investors May 25th, 2020 by Saurabh. India's massive solar power park scheme holds immense investment potential, a recent study has found. According to the thinktank Institute for Energy Economics and Financial Analysis (IEEFA), India could attract investment ...
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15 MW Siemens Gamesa Turbines for US Offshore Wind Farm Siemens Gamesa Renewable Energy will conditionally supply SG 14-222 Direct Drive offshore wind turbines to the 2,640 MW Dominion Energy Coastal Virginia Offshore Wind (CVOW) commercial project. This project will be home to Siemens Gamesa's latest ...
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Please Enjoy This Tesla Model X Being Charged By Cycling If you ever wondered if there were alternative ways to charge a Tesla, you now have your answer. A Finnish TV show has conducted an experiment where cyclists were used to charge the battery of a Tesla Model X, and it worked. Swipe to close. Video Player ...
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More Countries Are Turning to Apple's Exposure Notification System in Their Fight Against COVID-19 Last week we took a look at some of the different contact tracing apps that are being put together by various countries, and while there have been some major powers that have chosen to go their own way, some of them are having second thoughts as it ...
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He experienced a severe reaction to Moderna's Covid-19 vaccine candidate. He's still a believer Patients in clinical trials are usually faceless. But as the experimental Covid-19 vaccine being developed by Moderna Therapeutics has begun advancing through studies, it has found a much more visible advocate: trial volunteer Ian Haydon, a 29-year-old in ...
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TikTok downloads fall in April-May; users continue to downrate app TikTok downloads have slowed down in the last two months as concerns around its content, which many have dubbed 'objectionable', continue to rise. TikTok crossed two billion downloads earlier this year, but it hasn't been smooth sailing since.
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