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US consumer spending beats forecasts; worries over decreasing government money WASHINGTON (Reuters) - U.S. consumer spending rose more than expected in September, but decreasing benefits for millions of unemployed Americans, cooling temperatures and a resurgence in COVID-19 cases across the nation could crimp spending in ...
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Will Hippo Be The Next Fintech Unicorn To Exit Via The SPAC Door? As an increasingly popular way to take a company public, SPACs, or Special Purpose Acquisition Companies, are weighing heavily on startup CEOs' minds. They're faster to set up than traditional IPOs, and hundreds of investors are trying to convince ...
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Amazon and Google's True Advantage This article is part of the On Tech newsletter. You can sign up here to receive it weekdays. My colleagues wrote about the eye-popping sales numbers coming from America's technology superstars, including Google, Facebook and Amazon. Their sales and ...
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AbbVie pegs growth to booming Skyrizi, Rinvoq in post-merger future. But neurology could be a 'sleeper' With its $63 billion merger with Allergan in the rearview, the new AbbVie is facing a major challenge as U.S. biosimilars for Humira cast a pall over the near-term future. But AbbVie figures its homegrown prospects will keep driving growth—and a couple of ...
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UHS' profit up 150% despite more COVID-19 patients, grant reversal Despite swelling numbers of COVID-19 patients and a reversal of millions of dollars in federal grants, Universal Health Services managed to grow its profit 150% in the third quarter of 2020. Net income attributable to UHS' shareholders was $241.3 million in ...
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Daimler invests in lidar company Luminar in push to bring autonomous trucks to highways Lidar, the light detection and ranging radar that measures distance using laser light to generate a highly accurate 3D map of the world around the car, is considered a critical piece of hardware to deploy automated vehicle technology safely and at scale.
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Bellicum shares nose-dive on poor CAR-T data, program pause—company axes 79% of staffers Bellicum Pharmaceuticals' shares are being routed after it announced a full house of horrors: poor data, a paused program and slashing the vast majority of its staff as it looks to save cash. First up, the data: Its drug BPX-601, part of its so-called GoCAR-T tech, ...
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Why Teladoc Health Stock Was Falling Today Shares of the telehealth specialist slipped after it completed its merger with Livongo and as tech stocks fell broadly. Jeremy Bowman. (TMFHobo). Oct 30, 2020 at 12:21PM. Author Bio. Fool since 2011. I write about consumer goods, the big picture, and ...
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Eurozone Growth Soars Record 12.7% but Fears Grow for Winter FRANKFURT, Germany (AP) — The European economy grew by an unexpectedly large 12.7% in the third quarter as companies reopened after severe coronavirus lockdowns, but the rebound is being overshadowed by worries that growing numbers of ...
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The Airbus A320 Has Become Aviation's Last Refuge When it started flying in 1987, Airbus' A320 seemed like a moonshot project from an upstart plane maker, with little chance of challenging the supremacy of the Boeing BA -3.47% 737 on short-haul flights. Skip to 2020, and it is one of the few products keeping ...
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GDIT again wins DOD back-office cloud contract, now worth $4.4B More than a year after it first won the deal, General Dynamics Corp. (NYSE: GD) has again secured the Defense Enterprise Office Solutions (DEOS) cloud contract. The General Services Administration, which handled acquisition duties on what is now a $4.4 ...
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Netflix Price Increases Get Thumbs Up From Wall Street Bulls One of the biggest bargains in consumer entertainment just got a little more expensive. Netflix (ticker: NFLX) on Thursday announced a price increase for U.S. subscribers. The price of a standard Netflix plan climbs by $1 a month to $13.99, from $12.99.
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Foxconn challenging WEDC on tax credits decision; company and agency have 30 days to resolve issue Foxconn Technology Group will challenge the decision by the Wisconsin Economic Development Corp. not to issue the company tax credits, Foxconn said Friday. Robert Berry, attorney with Foxconn, sent a letter to Jennifer Campbell, chief legal officer for ...
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UPS employing 50000 people in 1-day 'Brown Friday' hiring blitz UPS plans to hire at least 50,000 people on Oct. 30 in a one-day hiring blitz called "Brown Friday." In Seattle alone, UPS plans to hire more than 1,800 people. The hiring spree is part of the company's efforts to hire more than 100,000 seasonal workers this ...
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Carvana easily beats Wall Street Q3 earnings forecast; revenue up 41% Carvana Co., the Tempe-based online used vehicle retailer, had promised some strong third quarter results in a note to investors last month, and for the most part, the company delivered across several metrics when its financials were released Oct. 29 after ...
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Lowe's to hire 20000 employees for busy holiday season Lowe's plans to hire 20,000 employees for its U.S. stores and regional distribution centers to support customer demand during the busy holiday season. In addition to seasonal help for the holidays, Lowe's is filling permanent full-time and part-time roles at ...
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Billionaire building supplier buys Boca Raton mansion for $16M Billionaire building supplies businesswoman Maggie Hardy-Knox bought a newly-built Royal Palm Yacht & Country Club mansion for $15.85 million. Records show Hardy-Knox bought the house at 444 East Coconut Palm Road in Boca Raton from Bernard ...
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Shake Shack's Growth Refuses to Take a Back Seat to COVID Shake Shack CEO Randy Garutti made one thing clear—the brand's strategy is to win market by market with a focus on top-tier real estate, and the COVID pandemic hasn't changed that. The proof is epitomized by the recent 300th store opening in Madison, ...
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Ford announces Active Drive Assist pricing, package options, and more On Friday, Ford Motor Company announced the pricing for its driver-assistance technology. Ford's Active Drive Assist system leverages a suite of technologies including camera and radar to enable hands-free driving. Ford also announced vehicle package ...
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'Tunnel of Terror' haunted car wash bringing frights to Dyer this weekend The coronavirus pandemic has closed some of the Region's most popular haunted houses this year, including Reaper's Realm in Hammond. But it's still possible to get your share of fright with monsters, zombies, scary clowns and werewolves jumping out at ...
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McDonald's corporate headquarters building sells for $412 million The nine-story building housing the McDonald's corporate headquarters in Chicago's West Loop has sold for $412 million. The seller of 110 N. Carpenter, a 575,000-square-foot office tower, was Sterling Bay. Normandy Properties, a family office based in ...
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HEB cancels annual Feast of Sharing dinner due to coronavirus pandemic H-E-B has canceled its annual Feast of Sharing dinner that serves thousands during the holiday season due to COVID-19 concerns, the grocery store giant announced in a news release earlier this month. The store's Feast of Sharing event started in 1989 and ...
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North Tonawanda restaurant temporarily closed due to COVID-19 case A popular waterfront restaurant in North Tonawanda has closed its doors temporarily after one of its employees tested positive for COVID-19. The Dockside Bar & Grill on Sweeney St. posted the following message on its Facebook page: We at The Dockside ...
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Puget Sound Energy's Colstrip coal plant sale falls through SEATTLE (AP) — A deal to sell Puget Sound Energy's stake in one of the four generating units in Montana's Colstrip coal plan has fallen through. In announcing the deal in December, PSE said the sale of generating capacity in Colstrip Unit 4 to NorthWestern ...
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Twin Disc: Fiscal 1Q Earnings Snapshot RACINE, Wis. (AP) _ Twin Disc Inc. (TWIN) on Friday reported a loss of $4 million in its fiscal first quarter. On a per-share basis, the Racine, Wisconsin-based company said it had a loss of 30 cents. The power transmission equipment maker posted revenue of ...
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China's top airline returns to profit as domestic routes bloom HONG KONG -- China Southern Airlines returned to profit in the third quarter, the largest mainland carrier said Friday evening. While major aviation players globally suffer from a sharp drop in air travel demand as the coronavirus pandemic prompts border ...
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What Hospitals Should Know About the Ryuk Ransomware Threat U.S. government agencies have warned hospitals to brace for an "increased and imminent" wave of ransomware cyberattacks that could compromise patient care and expose personal information. A joint warning issued Wednesday by the FBI, the ...
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Fargo Amazon Fulfillment Center to bring 500 full-time jobs FARGO, N.D. (Valley News Live) - The City of Fargo and Amazon Inc. have announced their plans to open its first fulfillment center in North Dakota. In a news conference Friday morning, Amazon announced the center will open in north Fargo in 2021, and will ...
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Stocks slump again as Wall Street's miserable week continues NEW YORK (AP) — Stocks are tumbling again Friday as Wall Street closes out a punishing week and its first back-to-back monthly loss since worries about the pandemic first peaked in March. The S&P 500 was 1.7% lower in morning trading, putting it on ...
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Central Pa. man uploaded child porn to online chat site, prosecutors say A video uploaded to Omegle last winter led to the discovery of more than 4,000 images of child pornography at a Berks County man's home, investigators said. County prosecutors said Steven D. Rothermel, 38, uploaded a child pornography video to the ...
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WynnBet and NASCAR strike multi-year sports betting partnership NASCAR and WynnBET, the digital gaming division of Wynn Resorts that is responsible for the firm's mobile sportsbook and casino app, have struck a multi-year national sports betting partnership. As an Authorized Gaming Operator of NASCAR, WynnBET ...
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PURA orders utilities to maintain payment plans to delinquent consumers State regulators ordered utilities Friday to continue offering payment plans to all consumers, regardless of hardship, through early February. But the Public Utilities Regulatory Authority declined to extend the blanket moratorium on all shut-offs that Eversource ...
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Longtime DC radio host Chad Dukes fired from 106.7 The Fan for alleged racist, inappropriate comments Washington D.C. sports radio host Chad Dukes has been fired from 106.7 The Fan, parent company Entercom announced Thursday. Entercom said it learned of "racist and other inappropriate comments" Dukes made in past episodes on his personal podcast.
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BIG STORY: Utilities replace coal with gas, but new solar may be cheaper By Lindsay Street, Statehouse correspondent | As utilities continue to shutter coal-fire plants, more investment is expected in natural gas — potentially locking consumers into higher energy prices than if the utilities invested in more solar power, clean-energy ...
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Coronavirus Response | More mitigations expected for East Central Illinois CHAMPAIGN — Local health officials asked residents to gear up for more COVID-19 mitigations and not grow weary of public-health guidelines, especially as the holidays and colder weather push people indoors. At a virtual news conference Thursday, ...
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