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IPG reports second quarter revenue declines, CEO Michael Roth warns of further cost cuts In the quarter, the holding company implemented a 1 percent global workforce cut and real estate reductions in 40 locations. By Lindsay Rittenhouse. Published on July 29, 2020. READ THIS NEXT. The 4A's praises defeat of D.C. Council's 3 percent tax on ...
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Treasury agrees to lend Postal Service $10 billion in trade for rivals' shipping contracts The Treasury Department agreed to loan the U.S. Postal Service $10 billion in emergency coronavirus relief funding on Wednesday in exchange for proprietary information about the mail service's most lucrative private-sector contracts. Support our journalism.
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Oil prices gain on sharp US crude inventory drop NEW YORK (Reuters) - Oil prices edged up on Wednesday after a steep drop in U.S. crude inventories, but another record day for COVID-19 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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Canada's Enbridge beats profit estimates, sees improving Mainline throughput (Reuters) - Canadian pipeline operator Enbridge Inc (ENB.TO) on Wednesday posted quarterly profit slightly higher than analysts' estimates and said it sees throughput improving across its Mainline system, the country's biggest network of export pipelines.
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Got $1500 to Invest? Buy These 3 Tech Stocks Poised for Explosive Growth Over the Next Decade While the S&P 500 is flat so far in 2020, the tech-heavy Nasdaq has trounced the returns of the broader market, gaining more than 17%. That isn't an anomaly, either. The Nasdaq has outperformed both the S&P 500 and the Dow Jones Industrial Average over ...
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Teacher Unions Join 55 Organizations Opposing Stimulus Bill That Excludes Student Loan Relief The American Federation of Teachers and the National Education Association — the nation's two largest teacher unions — joined the Student Borrower Protection Center, Americans for Financial Reform, and over 50 other organizations to oppose the Senate ...
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The Federal Reserve Works Best When It Sticks With Gold Soon, the Senate will vote on whether to approve the appointment of Judy Shelton to the Federal Reserve Board of Governors. Shelton is one of our better gold standard advocates, the author of Fixing the Dollar Now (2012), and a longtime fixture at monetary ...
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GM swings to an $800 million loss as coronavirus shuttered factories and devastated sales in the second quarter GM lost $806 million in the second quarter and burned through $7.8 billion in cash, a number that analysts and investors are closely tracking. GM expects to generate $7 billion to $9 billion in free cash flow during the second half of the year. watch now.
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Kodak to produce pharmaceutical ingredients with US government loan In a deal aimed at reducing U.S. reliance on China, the federal government announced Tuesday that it plans to give Eastman Kodak a $765 million loan to start producing the chemical ingredients needed to make pharmaceuticals. Support our journalism.
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Victoria's Secret parent recommits to Bath & Body Works separation, driving shares up 34% L Brands preliminary second-quarter earnings show Bath & Body Works revenue climbing 10% year-over-year. Victoria's Secret parent L Brands is moving forward with separation plans despite calling off a deal with Sycamore Partners and the coronavirus ...
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'Back from the brink' Deutsche Bank improves outlook FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) on Wednesday gave a slightly improved outlook for the year after a better performance in investment banking curbed a second-quarter loss and boosted shares on Wednesday. FILE PHOTO: The logo of ...
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Anthem profit tops expectations as people delay medical care during pandemic (Reuters) - Anthem Inc (ANTM.N) reported a quarterly profit that topped Wall Street expectations on Wednesday, aided by lower medical costs as people delayed non-essential procedures during the first surge of the U.S. coronavirus outbreak. FILE PHOTO: ...
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Pfizer lays out COVID-19 vaccine commercial strategy for pandemic and beyond Pfizer's COVID-19 vaccine strategy includes two phases, plus a broader mandate to develop more mRNA platform vaccines. (Getty Images). Share Facebook Twitter LinkedIn Email Print. With its trials and pricing set, Pfizer has pulled back the curtain on the ...
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LPL Financial Lands 170-Advisor, $20B Bank Partner LPL Financial serves as the brokerage backbone for more than 2,500 financial advisors at hundreds of U.S. banks and credit unions. But it just landed its biggest bank partner yet. Newsletter Sign-up. The Best of Barron's. Receive a regular newsletter ...
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Recon: Moderna eyes $50-60 price for COVID-19 vaccine; UK signs deal for Sanofi, GSK coronavirus vaccine Welcome to Regulatory Reconnaissance, your daily regulatory news and intelligence briefing. In Focus: US. Moderna pitches virus vaccine at about $50-$60 per course (Financial Times) (STAT); Moderna Vaccine Test in Monkeys Shows Promise (NYTimes) ...
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Small Greek Line Variety Cruises to Add Another Ship For Eastern Med Sailings (10:10 a.m. EDT) -- Variety Cruises is planning on adding a second small ship in the Eastern Med this season, due to increased demand. The Greek line of small ships plans on adding the 34-passenger. Callisto. for the remainder of the summer season, The ...
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SeaWorld Entertainment expects big financial losses in Q2 despite in-park spending increases SeaWorld Entertainment Inc. (NYSE: SEAS) was ready to see exponentially fewer people in its park this summer than last year due to the Covid-19 pandemic. Yet while that was expected, it still hurt. The Orlando-based theme park giant — which owns and ...
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Tesla Might Be World's Most Valuable Automaker But Japan Didn't Get Memo Earlier this month, Tesla surpassed Toyota in market capitalization making the electric car company the world's most financially valuable auto company. Clearing a market cap of $206 billion, this result means Tesla has greater value than GM, Ford and Fiat ...
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EU buys remdesivir to treat 30000 COVID patients, seeks more BRUSSELS (Reuters) - The European Union's executive said on Wednesday it had agreed to buy a limited supply of the COVID-19 medicine remdesivir from U.S. drugmaker Gilead (GILD.O) to address the short-term needs of European patients, and hoped to ...
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Shopify Revenue Soars Amid Rapid Shift to E-Commerce Shares of Shopify (NYSE:SHOP) jumped on Wednesday, rising to a new all-time high. The stock's big gain was fueled by second-quarter results that blew past analyst estimates. "The ongoing effect of the COVID-19 pandemic has been to accelerate the shift ...
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Why Cameco Stock Fell 13% at the Open on July 29 Shares of giant uranium miner Cameco (NYSE:CCJ) fell as much as 13% in the first half hour of trading on July 29. You don't need to be a nuclear physicist to figure out what caused the drop: The Canadian miner reported earnings today.
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Losses Deepen At Aston Martin But Shares Accelerate On Turnaround Hopes The troubled luxury-car maker Aston Martin said on Wednesday it had a "challenging" six months to June, reporting an operating loss of £159.3 million ($206 million), down from a loss of £38.9 million for the same period the previous year. In the three months ...
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T. Rowe Price profit beats estimates in second quarter due to stock market's 'powerful rebound' T. Rowe Price Group Inc. grew its profit 14% in the second quarter and exceeded Wall Street estimates as the stock market experienced a "powerful rebound" from its losses in the first quarter amid the coronavirus pandemic. The Baltimore-based money ...
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Pot producer Aphria posts bigger-than-expected loss, shares tumble (Reuters) - Canadian pot producer Aphria (APHA.TO) APHA.O on Wednesday posted a bigger-than-expected quarterly loss and took impairment charges on some foreign assets, sending shares plunging 17%. The COVID-19 pandemic has caused supply ...
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Average cost of healthcare data breach rises to $7.1M, according to IBM report The majority of organizations (76%) predict that remote work will make responding to a potential data breach a much more difficult ordeal. (ranjith ravindran/Shutterstock). Share Facebook Twitter LinkedIn Email Print. A healthcare data breach comes with a ...
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Why Boyd Gaming Is Jumping 9% Today Shares of Boyd Gaming (NYSE:BYD) were jumping 9% higher in morning trading on Wednesday after the regional casino operator reported earnings results that beat analyst expectations on the top and bottom lines, even though they were still down sharply ...
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Pilots union: FedEx must suspend Hong Kong operations due to "unacceptable conditions" FedEx Express pilots union leaders are calling on FedEx to suspend its operations in Hong Kong due to "unacceptable conditions" at hospitals spurred by government COVID-19 mandates. Three FedEx pilots who tested positive for COVID-19 but were ...
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Insurer Hastings receives takeover approach from top shareholder Hastings could be the latest insurer to leave the UK stock market after its biggest shareholder made a takeover approach. The company said on Wednesday that South Africa's Rand Merchant Holdings, which owns a 30 per cent stake, had made a ...
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Starbucks Sales Down 38% in the Third Quarter Coffee chain Starbucks (NASDAQ:SBUX) released its third-quarter earnings on Tuesday that were better than expected. Coming back to life. For the quarter ended June 28, sales decreased 38% year over year. U.S. comps declined 41%, and China comps ...
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New Dunkin' coffee cereals contain small amount of caffeine Post Cereals is brewing up two new products made with Dunkin' coffee. They are Caramel Macchiato and Mocha Latte. Post says the cereals contain very small amounts of caffeine - roughly a 10th of a cup of coffee. Here's how each cereal is described by the ...
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Smith+Nephew profit misses, but easing lockdowns boost operations (Reuters) - Medical products maker Smith+Nephew (SN.L) on Wednesday reported lower-than-expected first-half profit as patients and hospitals delayed hip and knee joint replacement operations during the coronavirus-driven lockdowns. Hospitals are under ...
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GMC HUMMER EV teased in photos ahead of fall reveal General Motors has released the most illustrative images yet of its upcoming GMC HUMMER EV. The all-electric model will launch in late 2021 as a pickup, which will be followed by an SUV. GM originally planned to debut the rebooted HUMMER in May, but ...
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MemorialCare Recognized Among US News & World Report's America's Best Hospitals 31 Times LOS ANGELES and ORANGE Counties, Calif., July 28, 2020 /PRNewswire/ -- In a rigorous assessment of more than 4,500 adult hospitals, U.S. News & World Report recognized MemorialCare's Long Beach Medical Center, Orange Coast Medical Center in ...
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The 2022 Benz S-Class boasts an unbelievable number of safety innovations To maintain its position as the company's flagship, the Mercedes-Benz S-Class is receiving a host of new innovations aimed at making it safer and easier to drive — it all falls under the "Innovation by Intelligence" umbrella. First is the fully-active E-Active Body ...
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JetBlue to use ultraviolet light machines to clean its airplanes JetBlue Airways Corp. said it will use machines that use ultraviolet light to clean some of its airplanes. The New York City-based airline (Nasdaq: JBLU) said it will use a UV cabin system made by Honeywell International Inc. (NYSE: HON) as part of a 90-day ...
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Where are Pennsylvania's 110218 coronavirus cases? July 29 map, county-by-county breakdown As of 12 p.m. July 29, 2020, the Pa. Department of Health reports that there are 110,218 confirmed and probable cases of COVID-19 in Pennsylvania. There are at least 7,162 reported deaths from the virus. According to Johns Hopkins University, 82,038 of ...
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2021 F-150 And Bronco Navigation Systems Stay Connected Even Outside Of Cellular Range Ford understands that many F-150 and Bronco buyers like to take their rides off the beaten path. This creates a bit of a problem, however, as it's easy to get lost in the wilderness when we've reached those remote points where there is no cellular service and ...
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Juniper Takes On Cisco, Aruba With AI, WAN Two Punch Juniper Mist extended its artificial intelligence-driven networking capabilities to the WAN today alongside the company's virtual assistant Marvis. The introduction of SD-WAN functionality now positions Mist to compete directly against Cisco's Meraki and ...
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Chinese stocks gain most in more than a week on bargain-buying, tech board soars China's benchmark index posted the biggest gain in more than a week on Wednesday as investors bought up shares after recent slumps, while the tech-focused STAR board soared on new listings. At the close, the Shanghai Composite index was up 2.06% ...
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Tops converts to sustainable packaging for produce WILLIAMSVILLE, NY – At Tops Friendly Markets, social responsibility and sustainability have always been at the core of the company's mission, upholding standards that ensure the reduction of environmental waste and energy consumption while providing its ...
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