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US oil refiner Marathon Petroleum cuts 12% of staff because of pandemic HOUSTON (Reuters) - Marathon Petroleum Corp MPC.N, the top U.S. oil refiner, is cutting 12% of its workforce amid continued declines in fuel consumption due to the COVID-19 pandemic, it said on Wednesday. FILE PHOTO: A Marathon Petroleum banner ...
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Palantir Cofounder Joe Lonsdale Defends The Newly Public Data Mining Company Amid Ongoing Criticism Palantir Technologies, the once-secretive data mining company, went public through a direct listing on Wednesday, hitting a market capitalization just north of $20 billion on its first day of trading Wednesday. The journey to IPO has been bumpy and at times ...
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AOC asked SEC to investigate Palantir disclosures, governance ahead of direct listing Sept. 17 letter from two House members seeks inquiry into 'certain corporate governance oversights by Palantir' and 'undisclosed contracting with foreign governments known to engage in corrupt practices and human rights violations'. Email icon; Facebook ...
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Five Ralphs Across LA Cited For Coronavirus Safety Violations LOS ANGELES, CA — Several Ralphs and a Food 4 Less store were cited today for health and safety violations during the coronavirus pandemic. The California Division of Occupational Safety and Health issued the citations, which total $104,500 across five ...
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JPMorgan Finds More Than 500 Workers Got US Virus Relief Funds More than 500 JPMorgan Chase & Co. employees got assistance from taxpayers aimed at helping businesses through the pandemic -- and dozens of them shouldn't have, according to people with knowledge of the firm's internal investigation. Support our ...
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VMware amps up security for network, SASE, SD-WAN products At its virtual VMworld 2020 conclave this week, VMware took the wraps off a number of security enhancements aimed at the growing COVID-driven remote workforce. For starters, the company boosted security for remote and mobile workers by extending its ...
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Disneyland layoffs include thousands of restaurant and hotel workers plus hundreds of Imagineers The Disney Parks, Experiences and Products division announced this week that 28,000 employees would be laid off at Disneyland, Disney World, Imagineering and in the company's cruise line, travel planning, retail, gaming and publishing divisions.
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Hard seltzer market is big enough for multiple brands, says Molson Coors CEO Molson Coors CEO Gavin Hattersley told CNBC the company's distribution deal with Coca-Cola's new U.S. hard seltzer strengthens its portfolio. "We don't see them competing with each other at all. In fact, we see it as complementary," he said. Molson Coors ...
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Obituary honors Charlie, the golden retriever that loved everything except stairs. He really hated stairs. (CNN) Charlie the golden retriever was "the best boy" and a huge part of Sallie Gregory Hammett's family since he was an 8-week-old puppy. Hammett was devastated when Charlie died earlier this month after a five-month battle with lymphoma cancer.
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Allstate to lay off employees, close offices in restructuring plan Allstate Corp. ALL, +0.74% will lay off employees and close offices in a restructuring plan expected to cost the company nearly $300 million, mostly incurred in the third quarter. The goal is to increase Allstate's share in the personal property and liability market ...
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Alaska Airlines will soon offer Covid-19 tests to Hawaii-bound flyers Alaska Airlines said Wednesday it will partner with Carbon Health to offer passengers flying to Hawaii rapid Covid-19 testing inside pop-up clinics across the West Coast, starting next month in Seattle. The SeaTac-based airline is joining other carriers like ...
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US economy plunges 31.4% in the second quarter but a big rebound is expected U.S. gross domestic product, the economy's total output of goods and services, fell at a rate of 31.4% in the April-June quarter, only slightly changed from the 31.7% drop estimated one month ago.
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Feds sue Sacramento packaging operation over alleged racial slurs on the job The federal Equal Employment Opportunity Commission has filed suit against a package manufacturing plant in Sacramento for allegedly tolerating racial harassment of two African American workers while they were at work. The suit was filed Wednesday in ...
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Caesars Entertainment buys bookmaker William Hill for $3.7B ATLANTIC CITY, N.J. — Caesars Entertainment said Wednesday it is buying the British bookmaker William Hill for $3.7 billion in a deal aimed at binding its casinos ever closer to the fast-growing legal sports betting industry in the U.S.. Support our journalism.
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New poll raises question: Who are the 1% of Texans who haven't heard of Whataburger? A new poll of likely Texas voters found a tight race in the presidential election — and two San Antonio-based brands blowing away the competition. Donald Trump leads Joe Biden 49 percent to 46 percent, according to the UMass Lowell poll. In the U.S. ...
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2 popular Valley coffee shops are opening new locations in Gilbert. Here's what we know Gilbert coffee fans will soon have new options for grabbing a latte or cold brew as two popular Valley coffee shops are moving into town. Press Coffee, an Arizona-based chain with locations around metro Phoenix, is set to open its newest coffee shop in ...
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Shake Shack is planning for an October opening in Madison The popular burger chain Shake Shack plans to open its Madison location next month at Hilldale, said a spokeswoman for the shopping center, adding that the company isn't giving her an exact date. The burger, hot dog, custard and shake chain will be in a ...
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Fed Approves Morgan Stanley Acquisition of E*Trade Morgan Stanley has received Federal Reserve approval for its acquisition of discount brokerage E*Trade Financial Corp., the U.S. central bank said in a statement on Wednesday. The Fed's order allows the companies' banking operations to merge.
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Permit in Hand, Alaska-Alberta Railway Set to Start Construction The team behind the proposed Alaska to Alberta railway aims to start prep work for construction in December, with a goal of getting the $17 billion cross-border railroad running by 2025. Sean McCoshen, founder and chairman of the company behind the ...
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Medtronic agrees to acquire California-based med-tech company Medtronic announced Wednesday that it plans to acquire Avenu Medical Inc., a San Juan Capistrano, Calif.-based med-tech company. The deal is expected to close next month. Terms of the deal were not disclosed. Founded in 2010, Avenu has raised over ...
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Invesco Closed-End Fund Pays Dividends ATLANTA, Sept. 30, 2020 /PRNewswire/ -- The Board of Trustees (the "Board") of Invesco High Income Trust II (the "Trust") (NYSE: VLT) today paid the following dividend: EX-DATE. 9/14/20. RECORD DATE 9/15/20. REINVEST DATE 9/30/20. PAYABLE ...
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Bloomscape Announces New Offerings Following a $15 Million Round of Funding Bloomscape's Tough Stuff Collection — a $65 offering that includes a Sansevieria, ZZ Plant, and Hoya variety — is among the company's direct-to-consumer offerings. // Photograph courtesy of Bloomscape. In its two short years of existence, the Detroit-based ...
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Oasis Petroleum Files for Chapter 11 Bankruptcy The company is the latest in a wave of filings following this year's oil price crash. Matthew DiLallo. (TMFmd19). Sep 30, 2020 at 10:37AM. Author Bio. Matthew is a senior energy and materials specialist with The Motley Fool. He graduated from Liberty University ...
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Repositioning massive MillerCoors site a long time coming To fully appreciate Nestle Purina's plans to build a $450 million pet food plant in Eden requires a look back at the blow the community experienced when MillerCoors in 2016 shut down what was then North Carolina's largest brewery. The brewery, launched in ...
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Places Where Home Equity Loans are Most Popular Due to economic impact of COVID-19, more Americans are taking out home-equity and other types of loans, according to a new study by WalletHub. "Americans who are having trouble with their finances during the COVID-19 pandemic are searching for all ...
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2021 Audi RS5 Arrives In The US With An Updated Face And Two New Limited Edition Models Audi is introducing the updated RS5 lineup in North America for the 2021 model year, which includes not only a number of design revisions but two new limited-edition variants as well. For 2021, the Audi RS5 is getting a wider and flatter version of the ...
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USDA reports large declines in US grains stocks, lifting prices for soybeans, corn and wheat The U.S. Department of Agriculture on Wednesday reported big declines in U.S. stocks of soybeans, corn and wheat from year-ago levels. The Grain Stocks report showed U.S. soybean stocks at 523 million bushels, down 42% from Sept. 1, 2019. Corn stocks ...
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How major US stock indexes fared Wednesday U.S. stocks rallied Wednesday, but only after zooming up, down and back up again in a fitting end to a wild month and quarter for Wall Street. Prospects for additional support from Congress for the economy helped drive the day's trading, as they have for ...
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Fifth Third's Melissa Stevens named to 'Most Powerful Women to Watch' by American Banker The chief digital officer for Cincinnati's largest homegrown bank is once again among the "Women to Watch" in the nation's banking industry. Melissa Stevens, of downtown-based Fifth Third Bancorp (Nasdaq: FITB), is among the 25 female executives to ...
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Joe Biden said the economic recovery is 'K-shaped.' Here's what that means The American economy is recovering. That's not up for debate. But the manner in which the economy is bouncing back is very much disputed by economists and politicians. Joe Biden says it's a "K-shaped" recovery. Donald Trump said the bounce-back is ...
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FCC to release 3.45-3.55GHz band for 5G WASHINGTON – The Federal Communications Commission today proposed to make 100 megahertz of mid-band spectrum in the 3.45-3.55 GHz band available for 5G deployment across the contiguous United States. The Commission also adopted rules for, ...
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Round 2: Air Force makes new awards for Skyborg unmanned effort The Air Force has made a second round of awards on a $400 million program to develop technologies for future unmanned aerial vehicles that use artificial intelligence in manned-unmanned teaming. With nine new awards announced Tuesday, the number ...
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CPI: 1Q Earnings Snapshot EDGEWOOD, N.Y. (AP) _ CPI Aerostructures Inc. (CVU) on Wednesday reported a loss of $2.8 million in its first quarter. The Edgewood, New York-based company said it had a loss of 24 cents per share. The maker of aircraft parts for the armed forces and ...
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Salesforce Pitches New Tools to Help Distribute Covid Vaccines Salesforce.com Inc. unveiled software aimed at helping health care companies and governments manage the largest vaccination push in human history, the company's latest attempt to become a one-stop shop for technology to navigate the coronavirus ...
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2021 Lexus IS barely changes the price, which makes sense The IS' new front end is pretty great, with or without the optional LED headlights. Lexus. The more things change, the more they stay the same. Even though it might look pretty different, the 2021 Lexus IS still packs many of the same underpinnings, which ...
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Bell and Xwing complete drone flight tests using detect-and-avoid system Autonomous aircraft company Xwing and helicopter maker Bell have completed test flights of a four-prop drone outfitted with "detect-and-avoid" (DAA) technology, demonstrating systems the companies say can enable future commercial unmanned flight.
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project44, SAP expand shipping visibility partnership SAP and project44 have extended a partnership that began in 2019 with new integrations for logistics operations. The companies on Wednesday announced enhancements to the SAP Logistics Business Network that includes additional global ocean visibility ...
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Emissions crunch drives VW to overhaul its supercar strategy The review could result in technology partnerships for the high-performance sports car and superbike brands, restructuring, or other options up to and including a listing or sale, two executives, who declined to be named, said. WOLFSBURG: Volkswagen is ...
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Rave Restaurant Group: Fiscal 4Q Earnings Snapshot THE COLONY, Texas (AP) _ Rave Restaurant Group Inc. (RAVE) on Wednesday reported fiscal fourth-quarter net income of $31,000, after reporting a loss in the same period a year earlier. On a per-share basis, the The Colony, Texas-based company said it ...
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