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Fed Maintains Stimulus Commitment as Economic Outlook Dims The Federal Reserve said the U.S. economy faced major challenges from the coronavirus pandemic and reiterated its pledge to take aggressive action to support an eventual recovery. "The path of the economy will depend significantly on the course of the ...
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The Steps CIOs Must Take To Deal With Ransomware Attacks Like The One That Hit Garmin It's rare these days for a week to go by without hearing about another big ransomware event that has either disabled a company or cost an organization millions of dollars in mitigation costs. Garmin was reportedly hit by a ransomware attack on July 23 that ...
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JCPenney In Play? Sycamore, Hudson's Bay And More Reportedly Bidding On The Retailer A Penney for your thoughts is certainly an overused cliché these days. But a billion for your Penney? Now that's something to talk about. Apparently those are the conversations going on right now in bankruptcy court, lawyers' offices and all points in between ...
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PRECIOUS-Gold steady as investors await US Fed's statement ... * Holdings in SPDR Gold Trust at seven-year peak * Silver eases from last session's multi-year high * Interactive graphic tracking global spread of coronavirus: open tmsnrt.rs/3aIRuz7 in an external browser (Updates prices) By Nakul Iyer July 29 (Reuters) ...
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Anthem doubles second-quarter profit during pandemic Health insurer Anthem nearly doubled its profit to $2.3 billion in the second quarter of 2020 as it reaped the benefits of the widespread shutdown of elective procedures and deferrals of routine care during the height the COVID-19 pandemic.
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Here's how Snap's diversity stacks up against Silicon Valley For years, as major tech companies shared regular reports on the diversity of their workforces, Snap Inc. kept that data secret. Snap Chief Executive Evan Spiegel cited the regular drumbeat of unchanging diversity numbers as a reason to keep his own ...
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Nordstrom is having a huge sale on some of its top-rated brands ahead of the Anniversary Sale Recommendations are independently chosen by Reviewed's editors. Purchases you make through our links may earn us a commission. We can't be the only ones excited for the Nordstrom Anniversary Sale, which starts on August 4 for Icons cardholders ...
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Hackers may have accessed 6000 Beaumont patient records Beaumont Health has notified about 6,000 patients that their personal health information may have been stolen by an unauthorized person gaining access to employee email accounts. On July 28, Southfield, Mich.-based Beaumont informed the patients of the ...
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MacKenzie Scott, formerly Bezos, donates $1.7 billion to Black, LGBTQ and public health groups Amazon CEO Jeff Bezos and MacKenzie Scott at the 2018 Vanity Fair Oscar Party. Taylor Hill/FilmMagic via Getty Images. MacKenzie Scott, Amazon CEO Jeff Bezos' ex-wife and the world's 13th richest person, said Tuesday she's given away close to $1.7 ...
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GMC drops hints about electric Hummer pickup with help from LeBron James GMC will reveal details of its eagerly awaited Hummer electric sport truck later this year, when the 1,000 horsepower four-door pickup is officially unveiled, but the automaker dropped hints Wednesday about features like "crab mode" and "adrenaline mode.".
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Roche's Rheumatoid Arthritis Drug Fails to Help COVID-19 Patients (Again) The search for an effective treatment that can dampen the overactive immune systems in patients with COVID-19 continues unsuccessfully. The latest return victim: Roche's (OTC:RHHB.Y) Actemra, which failed a phase 3 study in hospitalized patients with ...
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GE's Earnings Were Weak, but Cash Management Was Great as the pandemic raged through the global industrial economy in the second quarter. But investors knew earnings would be terrible, and the company, made progress on debt, costs and cash flow. They should support the beaten-up stock Wednesday.
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Humana partners with Heal and invests $100 million in the company's doctor-on-demand service "The doctor's office is dead." That's the way Nick Desai, the co-founder and chief executive of the Los Angeles-based startup Heal, describes the future of traditional healthcare delivery. While Desai's bluster may be wishful thinking, the doctor's office is ...
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Pittsburgh small business owners need money, would a second PPP loan help? A fourth act for the Paycheck Protection Program could allow small businesses that already received a PPP loan to apply for a second one. designer491. By Patty Tascarella – Senior Reporter, Pittsburgh Business Times. Jul 29, 2020, 1:34pm EDT.
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Citi to Start Measuring How Much Carbon Emission Comes From Its Loans Citigroup Inc., one of the biggest lenders to energy companies, said it will measure and disclose emissions tied to its massive lending portfolio and is working to finance $250 billion of sustainable activities by 2025 after reaching an earlier goal four years ...
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SeaWorld Expects Revenue Losses, Attendance Declines in Second Quarter ORLANDO, Fla. – SeaWorld Entertainment on Wednesday released preliminary results for its second quarter, and the estimates are pretty dismal. What You Need To Know. Parks were closed for majority of second quarter; Company expects revenue to be ...
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Denbury Resources to File for Bankruptcy Denbury Resources (NYSE:DNR) has agreed to a restructuring support agreement with the majority of its creditors to eliminate $2.1 billion of the company's bond debt. As a result, Denbury plans to file for Chapter 11 bankruptcy later this week to implement ...
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Oskar Blues Brewery partners with French's to create Mustard Beer available in August Forget ketchup, mustard has a new partner in crime. Beer! Oskar Blue Brewing Company announced a unique brew created in partnership with French's on Wednesday, Mustard Beer. The 5.2% semi-tart tropical wheat beer is infused with an array of citrus ...
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Volkswagen CEO says Tesla's meteoric rise proves the most valuable company in the world will be in mobility Volkswagen's CEO is an outspoken fan of its competitor Tesla. Herbert Diess said Tesla's second-quarter results last week were proof that mobility will be one of the most important industries of the future. His comments come as Tesla's CEO Elon Musk once ...
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McDonald's to close 200 restaurants ROCKFORD, Ill. (WIFR) - McDonald's is permanently closing 200 of its 14,000 U.S. locations this year with "low-volume restaurants" in Walmart stores making up over half of the closures. During its quarterly earnings call Tuesday, the fast food giant said the ...
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Planet Fitness will require face masks inside gyms starting in August ORLANDO, Fla. - Planet Fitness announced Tuesday that anyone working out in its gyms will be required to wear a face mask at all times beginning Aug. 1. The mandate will go into effect at all of the company's 1,450 locations in North America and Australia ...
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Pizza Hut considers insolvency as Covid-19 crisis threatens jobs The restaurant chain Pizza Hut is considering restructuring its debts in an insolvency agreement that could involve job losses. The UK company has hired turnaround specialists Alvarez & Marsal to examine options for the business that could include a ...
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Former insurance agent who stole car and home premiums reaches plea deal in Genesee County FLINT, MI – A Genesee County insurance agent is due to be sentenced in October after reaching a plea deal in a case involving embezzlement and fake insurance certificates. Angella Kay Swain, 53, of Flint Township pleaded no contest on Monday, July 27, ...
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FOCUS discovers second data breach in Kentucky unemployment system LOUISVILLE, Ky. — For the second time in just three months, the Kentucky unemployment online system appears to have been compromised. FOCUS discovered the data breach and informed the state's Labor Cabinet. A Louisville filer says when he ...
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Wingstop's earnings soar on digital orders in coronavirus The pandemic has hit restaurants particularly hard, but Wingstop was able to offer some good news early Wednesday. Continue Reading Below. The shares rose nearly 5% after the chain reported upbeat fiscal second-quarter earnings, which showed an ...
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Gaming win rebounds from April, May, but still short of normal Gaming win picked up for the state in June, the month when casinos were allowed to reopen, but totals still fell well short of normal levels, the state Gaming Control Board said Wednesday. Statewide win was off 45.5 percent compared with June 2019 to ...
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Video shows white woman spewing racial slurs at Asian postal worker during meltdown A video is circulating on social media of a white woman spewing racist slurs toward an Asian employee at a Los Altos post office. The woman, seemingly having a meltdown and frustrated at the postal worker, was heard by customers saying the racist vitriol to ...
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Mackinac Bridge workers to motorists: Wear a mask when you pay your toll ST. IGNACE, MICH. -- Drivers crossing the Mackinac Bridge are being asked to wear face masks at the bridge's toll booths. The Mackinac Bridge's Twitter account, maintained by the Michigan Department of Transportation, shared a post Tuesday requesting ...
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IMF says containing spread of coronavirus pandemic policy priority for India to make recovery sustainable The International Monetary Fund on Wednesday said India has policy space-both on the fiscal and monetary policy side-- to raise resources in order to put the economy on the growth path but needs to urgently contain the spread of the coronavirus pandemic ...
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Why I hope every single airline follows Delta's latest mask move There's endless confusion when it comes to our coronavirus response in the United States, but one thing's clear — those masks with vents that help improve airflow aren't nearly as effective at protecting other people from your germs. And, fortunately, Delta ...
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Cameco to reopen Cigar Lake mine in September A major Saskatchewan uranium mine is expected to reopen at the beginning of September. On Wednesday, Cameco announced it would be reopening its Cigar Lake mine after temporarily closing it in March over COVID-19 concerns. "We are very pleased to ...
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Video Shows Carnival Fantasy Being Beached Ready for Scrapping Video footage has been captured of the moment the Carnival Fantasy is beached in preparation for scrapping at Aliaga, Turkey. Carnival Fantasy Beached. The Carnival Fantasy cruise ship which is the first in her class has officially reached the end as the ...
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HSBC has survived more than 150 years of turmoil but can it prevail this time as it is squeezed by the superpowers The Hong Kong & Shanghai Banking Corporation ( HSBC), the UK's biggest bank, dominates the Hong Kong skyline. Advertisement. The Norman Foster-designed headquarters of the £100billion colossus sits at the heart of the frenetic Central district, ...
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Boston Scientific swings to loss and sales fall, but remain ahead of estimates Boston Scientific Corp. shares BSX, +2.74% rose 2.7% in premarket trade Wednesday, after the maker of medical devices reported a loss and sales decline for its second quarter, but remained well ahead of estimates. The company said it had a net loss of ...
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Philippines Central Bank Considers Issuing Its Own Digital Currency (Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need. The Philippine central bank has created a committee to look at the feasibility and policy implications of issuing its own digital currency, Governor Benjamin ...
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