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Google, Facebook, Amazon, Apple CEOs testify before House Judiciary antitrust subcommittee The CEOs of Amazon, Apple, Facebook and Google are taking a rare turn in the congressional spotlight on Wednesday, with lawmakers posing a critical — and potentially perilous — question for the technology titans: Are you guys too powerful?
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Alkermes PLC (ALKS) Q2 2020 Earnings Call Transcript Alkermes PLC (NASDAQ:ALKS) Q2 2020 Earnings Call Jul 29, 2020, 8:00 a.m. ET. Contents: Prepared Remarks; Questions and Answers; Call Participants. Prepared Remarks: Operator. Greetings, and welcome to the Alkermes Second Quarter 2020 ...
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Oil edges up after sharp US crude inventory drop NEW YORK (Reuters) - Oil prices rose on Wednesday after a steep drop in U.S. crude inventories, but another record day for coronavirus cases worldwide kept gains in check. FILE PHOTO: The sun sets behind a crude oil pump jack on a drill pad in the ...
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The Latest: Bezos Can't Guarantee Amazon Uses Seller Data WASHINGTON (AP) — The Latest on testimony in Congress by the CEOs of Facebook, Apple, Amazon and Google (all times local):. 3:50 p.m.. Amazon founder Jeff Bezos says he can't guarantee that the company isn't accessing seller data to make ...
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JC Penney liquidation 'not in the cards,' as retailer moves toward a sale this fall For bankrupted J.C. Penney, a liquidation is "not in the cards," according to the department store chain's attorney. Penney is moving forward with a sale that should be completed by this fall, attorney Joshua Sussberg of Kirkland & Ellis said during a court ...
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Smells like fast food: KFC, Burger King and McDonald's bet on their fragrance In a parallel world, your date slips on some KFC Crocs, lights a Quarter Pounder candle and sprays some Whopper perfume before greeting you at the door. You walk into the house and your nose is transported to a food court. KFC, Burger King and ...
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UPDATE 1-Most TD staff to work from home till end 2020 -memo (Adds context, details of Toronto reopening). TORONTO, July 29 (Reuters) - Toronto-Dominion Bank is allowing most of its employees to work from home at least until the end of this year and possibly into 2021, according to an internal memo seen by Reuters ...
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3 Reasons Starbucks Is Seizing Market Share Shares of Starbucks (NASDAQ:SBUX) jumped on Wednesday after the java giant turned in better-than-expected results in its second-quarter earnings. The numbers were ugly, as expected. Starbucks bore the brunt of the impact from the coronavirus ...
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PayPal beats estimates with 86% profit jump on pandemic spending shift (Reuters) - E-commerce payments processor PayPal Holdings Inc (PYPL.O) beat Wall Street estimates on Wednesday with an 86% increase in quarterly profit, driven by the shift to online spending amid the coronavirus pandemic. FILE PHOTO: The German ...
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Index Giant S&P Faces Potential SEC Lawsuit Over Volatility Gauges The Securities and Exchange Commission plans to bring an enforcement action against S&P Dow Jones Indices, one of the world's biggest index providers for exchange-traded funds, for failing to provide sufficient disclosures on certain volatility-linked ...
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Qualcomm stock spikes toward record high after Huawei settlement boosts earnings forecast Qualcomm Inc. shares rocketed toward record highs in the extended session Wednesday after the chip company projected a big jump in profit and revenue in the current quarter thanks to a settlement with Chinese tech giant Huawei Technologies Co.
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Takeaways From TripAdvisor's 2020 Travelers' Choice Awards TripAdvisor has announced the winners of its 18th annual Travelers' Choice Awards, highlighting the top airlines, attractions, beaches, destinations, hotels, restaurants and experiences around the world based on the quality and quantity of traveler reviews ...
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UW Medical Center Named Washington's Best Hospital SEATTLE, WA — U.S. News & World Report has released its latest rankings of the best hospitals in the United States for 2020-2021, naming the University of Washington Medical Center the number one hospital in both Seattle and Washington state at large.
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Why General Electric Stock Dropped After Earnings Report General Electric (NYSE:GE) reported earnings this morning. Then its stock dropped. Down more than 5% initially, GE shares have recovered only a little in afternoon trading -- a 4% loss as of 3 p.m. EDT -- but things certainly could have gone worse. Instead of ...
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General Electric to sell remaining stake in Baker Hughes General Electric plans to sell off its remaining ownership stake in Houston oil field service company Baker Hughes over the next three years, the Boston industrial conglomerate said Wednesday. GE, which lost $2.2 billion dollars in the second quarter, still ...
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Yum China says virus resurgence in China hit Q2 sales Shares of Yum China Holdings Inc. YUMC fell nearly 2% in the extended session Wednesday after the restaurant operator said a resurgence of COVID-19 cases in some areas of China hobbled its second-quarter results. Yum, which operates KFC, Pizza Hut ...
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Insurer Anthem's profit swells, helped by drop in claims Anthem's second-quarter profit doubled to nearly $2.3 billion, as a pandemic-induced drop in claims and a new business pushed the Blue Cross-Blue Shield insurer's earnings past expectations. The insurer's stock jumped nearly 6.2% Wednesday, rising ...
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COVID-19 test maker Hologic beats fiscal Q3 expectations, stock jumps 7% Hologic Inc. HOLX, +3.06% shares rose more than 7% in the extended session Wednesday after the medical technology company reported fiscal third-quarter earnings above Wall Street expectations and said there was "strong demand" for its COVID-19 tests.
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Nvidia sets 16 new performance records in latest MLPerf AI benchmarks Nvidia Corp. said today the latest MLPerf benchmark test results prove that its latest platforms deliver the world's fastest artificial intelligence training performance among all commercially available systems. Nvidia's new A100 graphics processing unit and its ...
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US Lawmakers, Bank of America Urge Small-Business Agency to Fix Erroneous PPP Loan Data WASHINGTON — Bank of America Inc (BAC.N), the second-largest U.S. lender, has asked the Trump administration to correct data meant to offer public accountability on the recipients of $520 billion in pandemic aid, and a group of U.S. Democratic ...
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Limited imperial stouts are selling out across the Bay Area in craft beer's 'Black is Beautiful' movement Imperial stouts aren't your typical summer beer. Dark and robust with a high alcohol content, they are more often enjoyed in front of the fireplace than the barbecue. Yet imperial stouts have been selling out at breweries all across the country this summer ...
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How the coronavirus pandemic can impact your personal finances, according to experts The coronavirus pandemic has impacted the way consumers spend, save, and invest their money, especially with record job losses amid a recession. The Federal Pandemic Unemployment Compensation program gave all unemployed workers an additional ...
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Pret A Manger has closed all of its Boston locations London-based café chain Pret A Manger has closed all of its Boston locations as it announced plans to restructure its business model as a result of COVID-19. In a statement shared with Boston.com on Wednesday, the company revealed that U.S. sales were ...
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Qorvo shares jump 10% as earnings, outlook top Street view Qorvo Inc. QRVO, +1.66% shares surged in the extended session Wednesday after the radio-frequency chip maker's earnings and outlook topped Wall Street estimates on strong 5G sales. Qorvo shares rallied 10% after hours, following a 1.7% rise in the ...
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Hallmark Cards plans 120 layoffs As Hallmark Cards Inc. looks to reposition itself, the Kansas City-based company plans to lay off approximately 120 people, including 90 at its headquarters. "Hallmark is transforming its business as people shop and engage with brands differently. This need ...
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Mustard Beer Officially Exists & You Can Order A Six-Pack Online Starting Today National Mustard Day, a real holiday that exists, falls on August 1 this year. Mark your calendars and prepare your mustards accordingly. As a follow up to last year's mustard ice cream — more on that in a second — French's is debuting a limited-edition ...
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JetBlue deploys ultraviolet cleaning robot for airplanes in fight against COVID-19 PHOENIX - On Wednesday, JetBlue became the first airline to use a new ultraviolet light technology in its aircraft cleaning services in an effort to combat the novel coronavirus. The airline is using Honeywell's new UV Cabin System that claims to "traverse an ...
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Who has the best wings in Cincinnati? It's National Chicken Wing Day! When planning to start a poll to celebrate National Chicken Wing Day (July 29), it's important to remember how passionate people are about things they are passionate about. How when someone falls in love with a chicken wing – whether it is love at first bite ...
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Boston Scientific sees improved July trends as elective surgery recovers (Reuters) - Medical device maker Boston Scientific Corp (BSX.N) on Wednesday posted a surprise adjusted quarterly profit and said demand for elective procedures picked up pace in July following an easing of coronavirus-driven restrictions. The company's ...
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Indiana Poultry Workers, Already At Risk From COVID-19, Sue USDA Over Dangerous Line Speeds (UNDATED) – Tuesday, the United Food and Commercial Workers International Union (UFCW) and five of its local unions represented by Public Citizen Litigation Group filed a new federal lawsuit to end the U.S. Department of Agriculture (USDA) waivers ...
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Security breach of Beaumont Health system compromises data on 6000 patients ROYAL OAK, MI -- Data on approximately 6,000 Beaumont Health System patients was compromised during a breach according to WXYZ Detroit. The health system was alerted about the breach Tuesday, which impacts an estimated .3 percent of Beaumont's ...
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Dollar dips to two-year low before Fed statement By Karen Brettell. NEW YORK (Reuters) - The U.S. dollar fell to a two-year low on Wednesday before the Federal Reserve is expected to affirm its commitment to holding rates near zero for years, with investors focused on whether the U.S. central bank will ...
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Starbucks Bringing Back Pumpkin Spice Latte (CNN) – It's coming back! We're talking about Starbuck's famous pumpkin spice latte. The coffee chain announced the drink will make a come back some time this year but didn't give a specific date. Last year, pumpkin spice lattes returned in late August.
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COVID-19 Increased LTCI Claimant Mortality 30%: Unum Unum Group says the COVID-19 pandemic increased the death rate for people collecting Unum long-term care insurance (LTCI) benefits by about 30% in the second quarter. The increase in the number of LTCI insureds who died during the quarter was ...
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American uni owner Strategic Education pounces on Torrens University American university owner Strategic Education Inc is set to spend $900 million to burst into Australia's tertiary education sector. Adelaide-based Torrens University is set to be sold to an American education company. Andrew Quilty. It is understood Strategic ...
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GM Prodded to Catch Electric-Car Zeitgeist With Name Change (Bloomberg) -- General Motors Co. has weathered depressions, wars and pandemics under its century-old name, but the coming shift to battery-powered vehicles may be an opportunity to rethink its generic-sounding corporate moniker in favor of something ...
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Recap: Boston Scientific Q2 Earnings Shares of Boston Scientific (NYSE:BSX) moved higher by 0.6% in pre-market trading after the company reported Q2 results. Quarterly Results. Earnings per share were down 79.49% year over year to $0.08, which beat the estimate of ($0.03). Revenue of ...
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Mike Ashley's Game sells esports network to US start-up in $50m deal Mike Ashley's Game Digital is selling its competitive gaming venues to a US start-up founded by two esports pioneers that is betting people will continue congregating to play despite the coronavirus pandemic. New York-based Vindex will buy Belong Gaming ...
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