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Dow looks to extend gains after best quarter in three decades amid hopes for vaccine U.S. stocks rose Wednesday, building on the best quarter in about 20 years, as investors took hope in positive developments from a clinical trial for a coronavirus vaccine candidate, easing worries around the rising COVID-19 tally which has threatened to stall ...
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With its new super fast SUV, Bentley completes a major makeover (CNN) Bentley unveiled a sleeker, more muscular version of its Bentayga SUV Tuesday. The changes to the Bentayga are mainly cosmetic but, along with more major changes to Bentley's product line-up, they mark the completion of a makeover for the brand ...
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US private payrolls miss expectations; layoffs persist as demand weakens WASHINGTON (Reuters) - U.S. private payrolls increased less than expected in June and employers announced more than 170,000 layoffs, strengthening views that the labor market and broader economic recovery from the COVID-19 pandemic would be a ...
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Pfizer stock jumps after it reports positive data in early-stage coronavirus vaccine trial Pfizer shares jumped after it released positive results from its closely watched early-stage human trial on a coronavirus vaccine. The trial evaluated 45 people. Each participant received 10, 30 or 100 microgram doses of the vaccine or a placebo. Pfizer said ...
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High US Coronavirus Cases Threaten Path Of Airline Recovery IATA's update on airline performance for May, and forecast of the recovery through the end of this year, show moderate improvements in some regions. But the path of recovery for the industry could be threatened by the high number of coronavirus cases in the ...
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Macy's Sales Drop 45% In Q1, Gross Profit Down 21 Percentage Points Macy' M s reported in the Q1 earnings call today that sales were down 45% for the 13-week period ending May 2. COVID-19 had a significant impact on the business with most stores closed from March 18th through May 4th. Most stores have reopened in ...
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Chinese Oil Futures Draw More International Interest Foreign companies and investors are warming to Chinese oil futures, a boost to a project that Beijing hopes will boost the yuan's appeal and loosen the dollar's hold on global commodity pricing. China, the world's largest importer of crude oil, launched ...
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Crypto Custody Firm Curv Raises $23 Million In Series A Curv, a startup that provides crypto custody services to institutions, recently brought in $23 million during a Series A funding round, drawing investment from industry players such as Digital Currency Group, Coinbase Ventures and CommerzVentures.
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Manufacturers come back strong in June, ISM finds, but 'it's a slow recovery at this point' The numbers: American manufacturers fired up their production lines in June and expanded for the first time since the start of the coronavirus pandemic almost four months ago, but growth hasn't returned to precrisis levels and is unlikely to do so anytime soon ...
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United plans to add 25000 flights in August as customers 'are slowly returning' United's 25,000 additional flights still bring its August 2020 schedule to just 40% of flights in 2019. United and other carriers are grappling with how to cater to an uptick in demand with the impact of Covid-19. The airline is also increasing international flights, ...
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UK Firms Slash Jobs to Cope With Outbreak's Long Term Impact By DANICA KIRKA, Associated Press. LONDON (AP) — 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 ...
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Luckin Coffee winds up internal probe ahead of vote on chairman removal (Reuters) - Luckin Coffee Inc (LK.O) said on Wednesday it was winding up an internal probe on fake annual sales of about $300 million as it prepares to vote on a proposal to remove Founder-Chairman Charles Zhengyao Lu on July 2. FILE PHOTO: A cup of ...
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Capri estimates 70% plunge in first-quarter revenue, plans Michael Kors store closures (Reuters) - Michael Kors owner Capri Holdings Ltd (CPRI.N) on Wednesday estimated a stunning 70% drop in first-quarter revenue as the COVID-19 pandemic hammered demand for its luxury handbags and dresses. FILE PHOTO: Michael Kors logo is seen ...
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YouTube TV Hikes Price By $15, Adds Viacom Channels The new price is effective immediately for new subscribers, and will kick in for existing subscribers starting with their next billing cycles, on or after July 30. At the same time, as was announced in May as part of an expanded agreement, the SVOD is adding ...
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Airbus warns 15000 job cuts 'not the worst case' scenario Airbus SE Chief Executive Officer Guillaume Faury warned that a plan for 15,000 job cuts is "not the worst case" scenario facing the company in the battle to steer through the ongoing Covid-19 aviation crisis. The move to eliminate 11% of global headcount is ...
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Move Over, Toyota. Tesla Is Now the Most Valuable Car Company on Earth. Tesla is now the most valuable car company on earth. Tesla stock (ticker: TSLA) rose more than 3% in Wednesday trading, giving the electric vehicle pioneer a market value of about $207 billion. That eclipses the Toyota Motor (TM) market value of roughly ...
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GoBe Robots Launches New Telepresence Robot to Reduce CO2 Emissions by Thousands of Tons ODENSE, Denmark--(BUSINESS WIRE)--Jul 1, 2020--. headGet the experience of being there without actually going there with Blue Ocean Robotics ' new GoBe Robots that replace travel with Remote Presence. Users remotely control the new telepresence ...
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Thinking of Claiming Social Security During COVID-19? 4 Things You Need to Know The COVID-19 crisis has upended so many Americans' lives from a financial standpoint, and that includes older workers who are grappling with unemployment and income loss. If the pandemic has caused you to contemplate claiming Social Security, you're ...
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Remember Google's plan to reopen in July? That's not happening anymore. Google's CEO said in May that the company would start reopening in July, "assuming external conditions allow." Well, it looks like external conditions won't allow that to happen. Subscribe to get the full story. Already a paid subscriber? Sign in. Subscribe to ...
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Fiat Chrysler Automobiles sees sales plummet as full COVID-19 impact hits Fiat Chrysler Automobiles released its second-quarter sales for 2020 on Wednesday and as expected, the results — down 39% compared to the same period last year — were dismal as the impact of the coronavirus pandemic took hold. The auto industry shut ...
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TuSimple Partners With Major Fleets to Launch Autonomous Freight Network [Stay on top of transportation news: Get TTNews in your inbox.] Self-driving truck developer TuSimple has partnered with four major transportation companies to launch a logistics network for its highly automated trucks, marking a new phase in its push to bring ...
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Peloton launches Roku app There's now a Peloton channel available on the Roku platform. Anyone with a Roku device can sign up to access Peloton's instructor-led workouts from their TV. "We are excited to roll out our best-in-class streaming fitness service onto the Roku platform," said ...
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German watchdog worked with ECB, Bundesbank on Wirecard decisions FRANKFURT (Reuters) - Germany's financial market regulator Bafin wasn't alone in deciding that Wirecard (WDIG.DE) not be categorized as a financial holding company, a spokeswoman for the authority said on Wednesday. All decisions were made along ...
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Virgin Atlantic favors US hedge fund for rescue cash Virgin Atlantic Airways is edging toward a 500 million-pound ($620 million) emergency financing package led by Davidson Kempner Capital Management as the U.K. airline firms up survival plans, people familiar with the matter said. The U.S. hedge fund has ...
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Too Late? Businesses Still Working on CCPA Compliance as Enforcement Starts Enforcement of the California Consumer Privacy Act (CCPA) officially went into effect this week. But for many of the covered entities spread across the United States and abroad, compliance may still be a work in progress. Not only did companies face the ...
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Ford says the Mustang Mach-E is more powerful than expected as ordering begins Ford has opened the order books for Mustang Mach-E, and there's a little surprise inside. The automaker has revealed that the final power outputs for the all-electric utility vehicle are slightly higher than originally advertised. (Ford). All-wheel-drive Mach-Es ...
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Coronavirus Cancels Plan for New Volkswagen Plant in Turkey BERLIN — German automaker Volkswagen said Wednesday it is halting plans for a new factory in Turkey, saying that the steep drop in demand for cars worldwide caused by the coronavirus pandemic means the manufacturing capacity is no longer needed.
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Denny's plans to hire 10000 restaurant employees by end of 2020 Denny's plans to hire 10,000 restaurant employees at both company and franchise locations by the end of 2020, the company announced Wednesday. Continue Reading Below. U.S. PRIVATE SECTOR ADDED 2.37M JOBS IN JUNE, ADP SAYS. "With more ...
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Volvo Cars recalls nearly 2.1 million cars worldwide NEW YORK — Volvo Cars said Wednesday that it is recalling nearly 2.1 million vehicles worldwide as a preventive measure after the company discovered that a steel wire connected to the front seat belts can be weakened. The front seat belts are anchored to ...
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Redemption of MF units not to attract stamp duty but switching in MF will: Sebi New Delhi: Capital markets regulator Sebi on Wednesday said stamp duty is not applicable on redemption of mutual fund units but switching in mutual fund would attract the stamp duty. Sebi released the FAQs on stamp duty collection on Wednesday, with the ...
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Tata Motors domestic sales tank 82% to 23845 units in Q1 FY21 New Forever product portfolio, including the newly launched Altroz, continues to receive a strong response in the market. New Delhi: The homegrown automaker Tata Motors on Wednesday registered a decline of 82 percent in the domestic sales at 23,845 ...
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These Are The Winners Of The Brewer's Association's 2020 Industry Awards The Brewer's Association announced the recipients of its 2020 Industry Awards today. This year's awards honor three different members of the brewing community for their dedication and service to the industry. Recipients were first nominated for their ...
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Managing the post-COVID return to the office While no-one could have foreseen how life and work would play out at the start of the year, many businesses are using this time as an opportunity to create new ways of working to better support staff – whether they are working at home, back in the office, ...
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Fitch Chart Snap: Sectors, Regions Dominate Coronavirus Impact on Corporates Related Fitch Ratings Content: Coronavirus Rating Impact: Global Corporates Fitch Ratings-London-01 July 2020: Negative actions accounted for almost 60% of all Fitch corporate actions in March-June 2020, but were heavily concentrated in the leisure, ...
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British Land: 64% of stores open by end June British Land Co. said Wednesday that it has reopened 64% of its stores in England as of Tuesday, adding that sales from open stores for the week beginning June 14 were 91% of a year earlier. The real-estate company said that as of Wednesday all of its ...
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Luxury department store Harrods to cut nearly 700 jobs LONDON (Reuters) - Luxury British department store Harrods said on Wednesday it plans to cut up to 672 jobs because of the coronavirus crisis, which kept its flagship branch in central London closed for nearly three months. Harrods, which is owned by the ...
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Deutsche Boerse Resolves Its Second Major Trading Outage of 2020 (Bloomberg) -- Deutsche Boerse AG's electronic trading system was unavailable due to a technical glitch throughout Wednesday morning, the stock exchange's second major outage this year, disrupting derivatives and stock markets in several central and ...
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What Does the Future of Offshore Wind Energy Look Like? Wind power is a leading concept in the renewable energy industry. Alongside solar, wind energy is a sustainable resource that can generate enough electricity to power cities and states. With mass implementation, wind power can make entire countries ...
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Carlyle Group to acquire 25% stake in Airtel's data centre biz for $235 mn US-based Carlyle Group on Wednesday said it will invest $235 million (approximately Rs 1770 crore) for approximately 25 per cent stake in Nxtra Data Ltd, an arm of Bharti Airtel engaged in the data centre business. The post-money enterprise valuation (or ...
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Haldia Petro and Rhone Capital acquire US-based Lummus Technology for $2.72 bn Mumbai: Haldia Petrochemicals Ltd (HPL), flagship company of The Chatterjee Group (TCG), and Rhone Capital, a global private equity firm, have jointly acquired the US-based Lummus Technology from McDermott International. The deal is valued at $2.725 ...
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US stocks surge to notch best quarter since 1998 U.S. stocks climbed on the final day of the best quarter since 1998 as investors assessed better-than-estimated economic data amid concern over new coronavirus cases and trade relations with China. The S&P 500 extended its second-quarter rally to 20% as ...
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Advert for new e-bike banned in France because it 'discredits the entire car sector' An advert for a Dutch bike has been banned in France because it "discredits the entire car industry." The 45-second-long ad for Dutch e-bike builder VanMoof has been pulled from screens for highlighting the congestion and pollution caused by cars.
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Former Indivior CEO pleads guilty in US in opioid addiction treatment probe By Nate Raymond. (Reuters) - Shaun Thaxter, the former chief executive of drugmaker Indivior Plc <INDV.L>, pleaded guilty on Tuesday to a criminal charge arising out of a U.S. Justice Department investigation into the marketing of its opioid addiction ...
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