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Fed's $600 Billion Main Street Lending Program Sees Lukewarm Interest WASHINGTON—The government is offering to lend up to $600 billion to help small and midsize businesses weather the coronavirus-induced recession, but so far interest has been sparse. Under the Main Street Lending Program, commercial banks lend to ...
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What to watch today: Dow futures turn positive after best quarter in over three decades Dow futures cut their losses and turn higher Wednesday on positive results from a coronavirus vaccine trial as the third quarter on Wall Street begins with hopes of a repeat of the past three months. The Dow Jones Industrial Average shot up more than 200 ...
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The New, Socially Distanced Caribbean The Covid-19 pandemic struck the Caribbean at the height of high season, when snow birds, primarily from the United States, pack the beaches for winter and spring break, and provide the revenue to see resorts and sometimes entire countries through the lull ...
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Macy's Says Most Stores Have Reopened as US Coronavirus Infections Rise Macy's Inc. said nearly all its stores have reopened after a monthslong closure due to the Covid-19 pandemic, though it warned it could take other measures as states tally more coronavirus infections. "We do not anticipate another full shutdown, but we are ...
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US Treasury to Lend $700 Million to Trucking Firm YRC Worldwide WASHINGTON—The U.S. government plans to lend $700 million in coronavirus stimulus funds to trucking firm YRC Worldwide Inc., in exchange for a 29.6% equity stake in the company, the Treasury Department said Wednesday. The Treasury said publicly ...
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Andela, which builds engineering teams tapping African talent, goes fully-remote and opens to the wider continent In the wake of the COVID-19 pandemic, remote working has become the name of the game for knowledge workers in the tech industry. Today, a startup that was an early mover on the opportunity of that model is announcing some news to double down on the ...
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Oil prices just had their best quarter in 30 years — what's next? Brent crude futures skyrocketed more than 80% in the second quarter. It was the international benchmark's best quarterly performance since the third quarter of 1990, when it registered gains of 142% during the first Gulf War. U.S. West Texas Intermediate ...
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UK firms slash jobs to cope with outbreak's long term impact LONDON — Companies linked to hospitality and travel in Britain have announced thousands of more job cuts as the longer term consequences of the COVID-19 pandemic take hold, choosing to slim down for survival rather than await potential government ...
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Strong bookings boost Ryanair's hopes of return to normal DUBLIN (Reuters) - Ryanair reported "very strong" bookings from holidaymakers as it relaunched its network with 1,000 flights on Wednesday, the start of a summer that Group Chief Executive Michael O'Leary hopes will restore Europe's confidence in air ...
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Fauna raises an additional $27M to turn databases into a simple API call Databases have always been a complex part of the equation for developers requiring a delicate balance to manage inside the application, but Fauna wants to make adding a database a simple API call, and today it announced $27 million in new funding.
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Mnuchin sees support for crisis loans to hotels, restaurants WASHINGTON (Reuters) - Up to $140 billion in loans for small business could be refocused to support restaurants, hotels and other industries hit hardest by the coronavirus pandemic, U.S. Treasury Secretary Steven Mnuchin said on Tuesday. U.S. Treasury ...
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Microsoft launches digital skills initiative to help those hit by the COVID-19 economy Credit: Microsoft. ebook. Coronavirus and its impact on the enterprise. This TechRepublic Premium ebook compiles the latest on cancelled conferences, cybersecurity attacks, remote work tips, and the impact this pandemic is having on the tech industry.
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Denny's Corporation and its Franchisees Hiring 10000 Restaurant Employees Nationwide SPARTANBURG, S.C., July 1, 2020 /PRNewswire/ -- Today, Denny's announced its plans to hire 10,000 restaurant-level employees at both company and franchise operated restaurants across the United States by the end of 2020. The COVID-19 pandemic ...
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What Does AstraZeneca's COVID-19 Vaccine Push Mean for Moderna? Moderna (NASDAQ:MRNA) was the first to begin human trials of a coronavirus vaccine back in March. The clinical-stage biotech company delighted investors when it announced encouraging data from phase 1, quickly moved on to phase 2, and promised to ...
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BoE's Haskel Sees Worrying Signs of Rise in Unemployment LONDON — Bank of England interest rate-setter Jonathan Haskel said there was a risk that Britain's economy would be harder hit by the coronavirus crisis than the central bank has predicted and there were worrying signs of rising unemployment. "I believe ...
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A huge Wendy's and Pizza Hut franchisee just filed for bankruptcy New York (CNN Business) NPC International, the operator of 1,200 Pizza Hut and nearly 400 Wendy's restaurants in the United States, has filed for bankruptcy. The franchisee has been dealing with a perfect storm of problems that led to its Chapter 11 filing ...
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After grinding investigation, Luckin Coffee confirms $300 million revenue fraud Luckin Coffee's drips and drops of news the past few weeks — including a boardroom feud that is pitting the company's chairman against a special investigation committee looking into an alleged massive fraud — is now turning into a flood. Luckin Coffee will ...
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Purchase Apps Retreat Again as Inventory Dries Up Applications for both refinancing and purchase mortgages retreated last week, pulling the Mortgage Bankers Associations (MBA's) Market Composite Index lower for the second time in as many weeks. MBA said the index, a measure of application volume, ...
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TuSimple starts self-driving truck network with UPS, Berkshire Hathaway's McLane (Reuters) - U.S. technology company TuSimple on Wednesday launched a self-driving freight network with UPS and Berkshire Hathaway Inc supply chain unit McLane that it said should operate nationwide by 2024 and start running some driverless trucks ...
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Digital asset security firm Curv raises $23 million TEL AVIV (Reuters) - U.S.-Israeli startup Curv, which provides security infrastructure for digital assets, said on Wednesday it raised $23 million in an early-stage funding round. It received investments from CommerzVentures, Coinbase Ventures, Digital ...
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Airbus' 15000 Job Cuts Show Limits of Government Bailouts The first reaction of the French government on Tuesday night to the announcement that Airbus is planning to slash 15,000 jobs within the next year was to deem the plan "excessive." France has a long tradition of robust meddling into private companies' affairs ...
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ViacomCBS taps Amazon executive for CFO post ViacomCBS Inc. VIAC, +1.17% announced Wednesday that it has appointed Naveen Chopra to take on the position of chief financial officer beginning Aug. 10. He will succeed Christina Spade, who is moving to an advisory role within the company. Chopra ...
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Pediatric Medicines Market 2020-2024 | Formulatory Advancement to Boost Growth | Technavio LONDON--(BUSINESS WIRE)--Jul 1, 2020--. Technavio has been monitoring the pediatric medicines market and it is poised to grow by USD 27.71 billion during 2020-2024, progressing at a CAGR of about 5% during the forecast period. The report offers an ...
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Google reportedly pushes back plan to reopen offices Google may not be bringing its employees back to the office until September. Claudia Cruz/CNET. For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website. Google is apparently delaying the reopening of its US ...
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Capri Holdings Limited Announces Fourth Quarter and Full Year Fiscal 2020 Results LONDON--(BUSINESS WIRE)--Jul 1, 2020--. Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the fourth quarter and full year fiscal 2020 ended March 28, 2020. This press release features ...
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FDA Approves Bavencio as Frontline Maintenance Therapy in Advanced Bladder Cancer The Food and Drug Administration (FDA) approved Bavencio (avelumab) as first-line maintenance therapy for patients with locally advanced or metastatic urothelial carcinoma that has not progressed with first-line platinum-containing chemotherapy, ...
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Amazon Forms Unit for Space Companies' Cloud Services Amazon (AMZN) - Get Report Web Services unveiled Aerospace and Satellite Solutions, which will provide cloud-computing services to space-focused companies. The Aerospace and Satellite Solutions division will be led by Retired Air Force Maj. Gen.
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Fivetran raises $100 million in Series C financing Chennai: Fivetran, the automated data integration provider, announced that it had raised $100 million in Series C financing, led by Andreessen Horowitz (a16z) and General Catalyst, with participation from existing investors CEAS Investments and Matrix ...
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New VW Golf comes with a lot, including a reasonable price By Mike Hagerty. If you could only buy one new car to do everything you do in your life, what would it be? Volkswagen" width= Mike Hagerty/Special to the Town Crier. The new Volkswagen Golf seats five and has adequate cargo space. Equipped with a ...
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Air Canada drops 8 cities from route map amid coronavirus adjustments Edward Russell. 12h ago. 0. This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our ...
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HEB to require masks for customers in cities with no mandate TEXAS, USA — H-E-B has announced that stores that are not in an area with a mask ordinance will require masks for all customers in the midst of the COVID-19 pandemic. The grocery store chain says that while 80% of stores are operating under a ...
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Fears over looming coronavirus job losses in UK manufacturing sector The UK manufacturing sector could be facing a huge wave of job losses as government support for businesses hit by the coronavirus pandemic comes to an end, economists warned. Although factory activity in the UK grew by the slimmest of margins in June, ...
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Tesla increases Full Self-Driving price to $8000 as promised Tesla has increased the price of its Full Self-Driving package to $8,000 as promised, and it may have saved its quarter. The decision to pre-sell a "Full Self-Driving" package in its vehicles years before it planned on making the technology available through the ...
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2021 Toyota RAV4 Prime Offers Extended Range, Great Mileage – and Unexpected Performance by Paul A. Eisenstein | Jul 1, 2020. The 2021 Toyota RAV4 Prime will get up to 42 miles in all-electric mode, up from the 39 Toyota originally estimated. Say the word, hybrid, and there's a good chance an image of the Toyota Prius will pop into your head.
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CCPA Wants to Know Value of Consumer Data. So Do Businesses On July 1, the California Attorney General's Office can begin enforcing the California Consumer Privacy Act. But some companies may still be struggling with one requirement in particular. The CCPA mandates businesses publicly disclose the value that ...
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Elbit Systems gets $53 million contract to provide intelligent suites to Southeast Asian Navy Israel-based Elbit Systems Ltd. announced Wednesday that it was awarded a contract valued at approximately $53 million to supply and integrate its intelligent services to an unidentified Asian navy. Under the terms set out in the contract, the company will ...
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Harley-Davidson Announces Learn-To-Ride Training Programs Harley-Davidson has just announced a new initiative to encourage growth in the motorcycle community with its "Learn-To-Ride" programs, available at participating dealerships. The "Learn-To-Ride" programs offer 1-on-1, or small private group training in a ...
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Renewables surge in European power mix The coronavirus pandemic and the resulting lockdowns across Europe have resulted in an acceleration of renewable energy's growth in many countries, even as power consumption has fallen by more than 6pc. Data for the period from 1 January to 16 June ...
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David Beckham Helps Launch Tudor's Latest Black Bay Fifty-Eight Timepiece Many people wear nice watches just to stunt on people, but the best watch flexes are subtle ones; 'if you know, you know'. And Tudor's a Swiss watchmaker who embodies this more than anyone. Founded in 1926 by Hans Wildorf, the founder of Rolex, Tudor ...
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