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A $6 Million PPP Loan and Bankruptcy Keep Two Chains Afloat More than $6 million of federal loans wasn't enough to keep HopCat's beer pubs or TooJay's sandwich delis out of bankruptcy. They're the two biggest recipients of Paycheck Protection Program aid, designed to prevent U.S. small businesses from collapsing ...
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These are the big brands that haven't pulled ads from Facebook yet New York (CNN Business) Hundreds of companies have promised to halt advertising on Facebook and its sibling platform Instagram as part of month-long boycott officially set to begin on Wednesday, according to the civil rights groups behind the protest.
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Manufacturing slump eases as world emerges from pandemic LONDON/TOKYO/WASHINGTON (Reuters) - A slump in global manufacturing showed signs of easing in June as a rebound in Chinese and U.S. activity offered some hope the world's two largest economies may have passed the worst of the devastation ...
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TREASURIES-Yields climb on strong manufacturing data (Recasts, updates yields, adds ISM data, add fed official's comments) By Karen Pierog CHICAGO, July 1 (Reuters) - U.S. Treasury yields on the long end of the curve shot higher on Wednesday after data showed manufacturing activity rebounded in June.
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California Begins Enforcing Broad Data Privacy Law — Here's What You Should Know California will begin enforcing its privacy law, one of the most sweeping data privacy regulations in the US, starting Wednesday, despite calls for a delay by tech companies due to the coronavirus pandemic. California Gov. Newsom And CA Attorney Gen.
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German authorities search Continental, VW as part of diesel probe BERLIN (Reuters) - German prosecutors have extended their diesel emissions probe to include auto supplier Continental (CONG.DE) for its role in supplying engine components, searching the company's offices and those of automaker Volkswagen, the ...
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Stocks rise on positive coronavirus vaccine news, Pfizer gains Stocks traded higher on Wednesday to kick off the second half of 2020 with market sentiment getting a lift from positive coronavirus vaccine news and strong U.S. economic data. The S&P 500 climbed 0.7% and the Nasdaq Composite advanced nearly 1%.
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Avoiding Crowds Is Tough At Hubs And Mask Enforcement Is Tough Everywhere, But Charlotte Airport Tries The U.S. airline industry's hub system doesn't just live with crowded airports. It thrives on them. At Charlotte Douglas International Airport, bigger crowds indicate that more passengers are coming and going during the seven banks of arriving and departing ...
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Luckin Coffee says independent probe into sales fraud is 'substantially' complete Luckin Coffee said that it has "substantially" completed its internal probe into a sales fraud scandal that implicated its top executives. The independent investigation found that the Chinese coffee chain's 2019 sales were inflated by 2.12 billion yuan ($300 ...
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Which of These 2 Ultra-Growth Stocks Is Best? The best defense during a market downturn is usually a good offense. Here are two high-growing cannabis companies that are likely to continue their momentum. Zhiyuan Sun. (TMFZhiyuanSun). Jul 1, 2020 at 11:06AM. Over the past few months, the spread ...
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Google and Facebook too powerful, says watchdog The UK needs tougher rules to curb the dominance of Google and Facebook, including powers to break them up, the Competition and Markets Authority has said. It is concerned that the firms' dominance in digital advertising raises barriers for new competitors ...
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Pfizer reports encouraging early covid-19 vaccine data An experimental coronavirus vaccine being developed by pharmaceutical giant Pfizer and the German firm BioNTech triggered stronger immune responses in recipients than those seen in people recovering from a natural infection in a small study published ...
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GM, Fiat Chrysler US auto sales tank in second quarter as coronavirus saps demand Auto research firms forecast sales to fall by about 34% in the second quarter due to the coronavirus pandemic. Most of the U.S., European and Asian automakers report their second-quarter auto sales Wednesday. Fiat Chrysler, one of the first automakers to ...
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Insurer Centene Plans 3200 Jobs at New NC Regional Hub RALEIGH, N.C. (AP) — Government health insurance provider Centene Corp. said on Wednesday it will build an East Coast campus in Charlotte, North Carolina, developing a $1 billion construction project that's expected to create more than 3,200 new jobs ...
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Tesla Is Now The World's Most Valuable Car Company With A $208 Billion Valuation Tesla's stock jumped to a new record high on Wednesday, giving the electric vehicle maker a valuation of more than $208 billion, which means that it is now the most valuable car company on the planet. Tesla Pickup. Tesla CEO Elon Musk. Ringo H.W. ...
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The robots are coming, and this is how they will change the future of work Live. Robots are after your job and you'll need to improve your skills. Watch Now. If you go to the Makr Shakr bar in Milan, a top-notch rooftop venue overlooking the city's famous cathedral, you won't be greeted by any bartenders -- that is, of the human kind.
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India to simplify gas pipeline tariff to boost demand NEW DELHI, July 1 (Reuters) - India is simplifying its gas pipeline tariff structure to make the fuel more affordable and to attract investment for building gas infrastructure in the country, oil minister Dharmendra Pradhan said on Wednesday. Prime Minister ...
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Tesla Is About to Report Q2 Deliveries -- Here's What to Look For With the electric-car maker's shares up more than 400% over the past 12 months, expectations are high going into its vehicle production and deliveries update. Daniel Sparks. (TMFDanielSparks). Jul 1, 2020 at 12:09PM. Author Bio. Daniel Sparks is a senior ...
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How FedEx and Constellation Brands Lifted the Whole Stock Market Wednesday Wednesday morning began another good day for Wall Street, as major market benchmarks managed to claw upward by modest amounts. Investors have seemed complacent even in the face of rising COVID-19 case counts, and they've instead focused ...
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Macy's rethinks Black Friday bonanza in era of pandemic NEW YORK — Macy's is refashioning what the Black Friday sales bonanza events will look like in a pandemic. Macy's CEO Jeff Gennette told analysts Wednesday said that the department store will be pivoting its Black Friday business more toward online and ...
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Google confirms US offices will remain closed until at least September, as COVID-19 spikes A few months back, Google announced plans to reopen some U.S. offices after the July 4th holiday. But the best-laid plans, and all of that. Things have obviously not been going great in terms of the United States' battle with COVID-19, and Google once again ...
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Dun & Bradstreet jumps 14% in US market debut (Reuters) - Shares of U.S. business analytics firm Dun & Bradstreet Holdings Inc DNB.N jumped about 14% in their market debut on Wednesday, riding on the back of a recent recovery in investor appetite for new stocks. Shares opened at $25 on the New ...
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UPDATE 1-John Paulson to turn hedge fund firm into family office - source (Adds confirmation from source, background on Paulson). By Svea Herbst-Bayliss. July 1 (Reuters) - Billionaire John Paulson is turning his hedge fund firm into a family office after setting the stage for the conversion last year, according to a source familiar with ...
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Wirecard Exposes Big 4 Accounting Lapses Endure Post-Enron Two decades of financial disasters from Enron Inc.'s collapse in 2001 to Wirecard AG's meltdown have left the Big Four accounting firms facing a major cultural problem that regulators may struggle to resolve. The 1.9 billion euros ($2.1 billion) missing from ...
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Sasol to sell Escravos gas-to-liquids plant to Chevron (Reuters) - South African petrochemicals giant Sasol said on Wednesday it would sell its indirect interest in the Escravos gas-to-liquids (EGTL) plant in Nigeria to Chevron for an undisclosed sum. The world's top manufacturer of motor fuel from coal said it ...
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Digital asset security firm Curv raises $23 million TEL AVIV, July 1 (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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Dish now owns Boost Mobile, following sale from T-Mobile Dish now owns Boost Mobile, bringing Dish — after years of speculation — into the consumer wireless market where it can start to compete with Verizon, AT&T, and T-Mobile. Boost was previously part of Sprint, which is now owned by T-Mobile. T-Mobile was ...
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TuSimple launches first autonomous freight network TuSimple has launched the first Autonomous Freight Network (AFN), an ecosystem consisting of autonomous trucks, digital mapped routes, strategically placed terminals, along with TuSimple Connect, the company's autonomous operations monitoring ...
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Lloyd's Calls For State-Backed 'Black Swan' Reinsurance LONDON — "Black Swan" reinsurance schemes backed by governments could help businesses get insurance pay-outs after huge shocks such as the coronavirus pandemic, Lloyd's of London said. Commercial insurance market Lloyd's has said insurers ...
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Match Group completes separation from IAC, new board includes Wendi Murdoch and Ryan Reynolds IAC and Match Group announced that they have completed a "full separation." Previously, Match Group (which owns Tinder, Hinge, OkCupid, PlentyOfFish and Match itself) was a publicly-traded company, with digital holding company IAC as its majority ...
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FDA grants Kroger Health Emergency Use Authorization for COVID-19 home collection test ALBUQUERQUE, N.M. (KRQE) – Kroger Health announced on Wednesday, July 1 that the U.S. Food and Drug Administration granted Emergency Use Authorization for its COVID-19 Test Home Collection Kit. The kit will be available to frontline associates ...
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Uber Eats Temporarily Suspends Some NYC Restaurant Fees Uber Eats is temporarily cutting some of the fees it charges to restaurants, the New York Post reports. Beginning this week, the food delivery company is waiving all non-delivery fees for restaurants — including order processing and marketing fees — through ...
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Mexican airline industry unions back Aeromexico's Chapter 11 process MEXICO CITY, July 1 (Reuters) - Unions representing the Mexican airline industry on Wednesday expressed their support for Aeromexico's Chapter 11 restructuring process. In a statement, the unions said they backed "Grupo Aeromexico's decision to ...
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Commodity Freighters Are Shrugging Off Covid-19. For Now The cost of moving commodities like coal and iron ore across the world's oceans is surging as China lifts cargo purchases. Whether the rally will withstand the economic aftershocks of the coronavirus is a thornier question. Rates for giant capesize ships ...
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Chick-fil-A named top restaurant in customer satisfaction for 6th year in a row Americans are apparently happy to "eat mor chikin," as Chick-fil-A was ranked first for customer satisfaction across limited-service restaurants for the sixth year in a row by the American Customer Satisfaction Index (ACSI). Continue Reading Below.
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Rural operator consortium 'stunned' by FCC move on Huawei, ZTE It's been a long time coming but, despite the protracted journey, reaching the destination still stings for the small and rural domestic mobile network operators that use network infrastructure provided by Chinese firms Huawei and ZTE. The U.S. Federal ...
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ViacomCBS Taps Amazon Executive to Replace CFO Spade (Reuters) - ViacomCBS Inc said on Wednesday Amazon finance executive Naveen Chopra would replace Christina Spade as its chief financial officer, effective Aug. 10. Spade, who held the position since December, will transition into an advisory role after ...
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Peloton app comes to Roku devices, stock gains Peloton Interactive Inc. PTON, +3.82% said Wednesday that its app is now available on Roku devices in the U.S. and Canada and will soon come to the U.K. A Peloton spokesman said in an email to MarketWatch that the Roku announcement means Peloton's ...
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Denny's Stock Breaks Down After Equity Offering Denny's Corporation (DENN) shares fell more than 7% during Wednesday's session after the company priced an offering of 8 million common shares at $9.15 per share with an underwriter over-allotment option of an additional 1.2 million shares.
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Delta Air Lines to reintroduce some beer and wine choices on flights over 500 miles NEW YORK — Certain Delta flyers will be able to enjoy select alcohol choices aboard flights amid the ongoing COVID-19 pandemic, the airline announced on Tuesday. The service had previously been suspended due to coronavirus health and safety ...
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FedEx Jumps Most Since '98 on Profit Surprise, E-Commerce Revamp FedEx Corp. wasn't planning for a pandemic when it began overhauling its Ground unit last year to prepare for the growth of e-commerce. But the revamp is now spurring the courier's biggest share gains since 1998. Before Covid-19 began to spread across ...
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ECB promises banks it will do more in urge to merge Europe's top banking supervisor has sought to persuade more of the region's lenders to merge by clarifying its approach to takeovers in an effort to reassure executives that such transactions will be encouraged. European banks have ...
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Canadian CMBS Ratings Not Affected by Sovereign Downgrade Fitch Ratings-New York-01 July 2020: Fitch Ratings' recent downgrade of Canada's issuer default rating (IDR) to 'AA+'/Stable from 'AAA'/Stable will not result in any downgrades to Canadian CMBS. Fitch's ratings are supported by strong loan performance ...
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First cruise in Asia since pandemic offers glimpse into future 'big ship' experiences Cruise returns to Asia this month after the coronavirus pandemic halted voyages across the globe, giving an early glimpse into the post-lockdown experience on board larger vessels. Dream Cruises will be the first cruise line in Asia to return when it welcomes ...
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Faster than Rajdhani Express: Indian Railways invites private companies to run new trains Indian Railways today said it has invited proposals from private companies to run 151 modern passenger trains. The railways will shortlist bidders to run train operations on 109 pairs of routes across the country. The project would entail private sector ...
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111 possible violations of COVID-19 gaming rules under investigation LAS VEGAS (KSNV) — Nevada gaming regulators have opened 111 cases into possible non-compliance with health and safety requirements related to COVID-19. The state's Gaming Control Board said in a statement Wednesday there have been nearly ...
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Ahead of Market: 12 things that will decide stock action on Thursday NEW DELHI: Nifty ended above the 10,400 level on Wednesday and formed a bullish candle on the daily chart. Analysts said the short-term trend of the index remains positive. Deepak Jasani of HDFC Securities said technically Nifty broke out of the ...
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Volvo Cars Recalls Nearly 2.1 Million Cars Worldwide COPENHAGEN, Denmark (AP) — 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 ...
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Saint Luke's Health System to close Kansas hospital The health system cited the financial strain from the COVID-19 pandemic as the reason for closing Saint Luke's Cushing Hospital. "Like health care organizations everywhere, we stocked up on resources and staffed up on people to prepare for a surge in ...
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No more Whopper. Burger King closes Atlantic Highlands restaurant ATLANTIC HIGHLANDS - Sorry Whopper fans. Burger King has permanently closed its restaurant on Route 36 at West Avenue. A sign announcing the closure has gone up on the restaurant's door. It asks customers to visit nearly Burger King restaurants on ...
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