Boeing Co. returned to the borrowing trough on Thursday with a four-part bond deal, a day after reporting third-quarter results that weren't as bad as Wall Street feared though they highlighted the embattled aircraft maker's significant cash burn. Bankers and ...
Netflix is introducing price hikes for its US subscribers today, increasing its standard plan to $14 a month and its premium tier to $18 a month. The new pricing for the standard plan is a $1 price increase (from $13 a month), while the new premium tier cost is a ...
The pandemic giveth and it taketh away for Comcast CMCSA -0.1% , which saw its broadband offerings and newly launched streaming service thrive in the third quarter, even as some of its legacy businesses - theme parks, movies –were hit hard. The net ...
French President Emmanuel Macron announced new lockdown measures on Wednesday. AFP via Getty Images. A stock rally picked up steam on Thursday afternoon, following modest gains in the morning. The ...
San Francisco (CNN Business) Despite a global pandemic, the biggest tech antitrust lawsuit in more than two decades and an escalating battle against accusations of censorship, Google is doing just fine. The tech giant's parent company, Alphabet, reported ...
Amazon's cloud business increased revenue by 29% in the third quarter as demand for products that rely on it, such as Slack, remained high during the coronavirus pandemic. Amazon Web Services continues to rule the market for cloud infrastructure, with ...
IHOP may close up to 100 locations in the U.S. as the pandemic continues to affect indoor dining operations across the country. The pancake house's parent company, Dine Brands Global, made the announcement in its third-quarter earnings report on ...
Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM), which employs thousands of people in the Houston area, has announced its previously anticipated U.S. layoff plans. The energy giant expects about 1,900 U.S. employees "will be affected through ...
The 1968 Ford Mustang that Steve McQueen drove in the movie "Bullitt," seen here at the Paris auto show in 2016. (Miguel Medina/Agence France-Presse/Getty Images).
As the coronavirus pandemic continues to wreak havoc on an already struggling newspaper industry and talks about further economic stimulus continue to stall, nearly 2,800 newspaper companies received Paycheck Protection Program (PPP) loans from the ...
SEATTLE — Several fair housing organizations accused Redfin of systematic racial discrimination in a lawsuit Thursday, saying the online real estate broker offers fewer services to homebuyers and sellers in minority communities — a type of digital redlining ...
Shares of Nio Inc. NIO, +15.35% soared 15.2% to a record high in very active afternoon trading Thursday, to pace a broad rally in the shares of electric vehicle makers, particularly those based in China. Trading volume ballooned to 177.3 million shares, ...
CBRE Group, the country's largest commercial real estate services company, said Thursday that it has moved its headquarters from Los Angeles to Dallas. The international business has more than 100,000 employees and is a Fortune 500 firm. It has a long ...
Detroit — Construction crews worked at a site along Jefferson Avenue on Thursday as developers and city leaders celebrated the groundbreaking of a long-awaited Meijer development on Detroit's east side. The 42,000-square-foot store, a small-format ...
Virginia, Maryland and North Carolina are teaming up on an effort to kickstart wind energy and economic development off their shores. The new initiative provides a framework for the three states to "cooperatively promote, develop, and expand offshore wind ...
The new nonprofit formed by a merger of five local private-sector business groups has chosen a name and leader. Greater St. Louis Inc. will be led by Jason Hall, the current CEO of one of the merging organizations, Arch to Park, with Andy Taylor, executive ...
By the numbers. Moderna reported revenue in the third quarter of $157.9 million, up a whopping 829% year over year. This result blew past the average analyst estimate of $77.5 million. The biotech ...
Blue Apron Holdings stock has lost more than a quarter of their value on Thursday after the meal-kit provider announced the end of a strategic review launched earlier this year, and that it is not pursuing a sale or other strategic transaction. On Feb. 18, Blue ...
Medtronic has agreed to pay a total of more than $9 million dollars to settle allegations that it paid kickbacks to a South Dakota neurosurgeon, federal prosecutors announced today. The Minnesota-based medical devicemaker is accused of violating the False ...
For the third time in three quarters, Royal Caribbean (NYSE:RCL) posted losses exceeding $1 billion Thursday, and also said it is burning through cash at a rate of $250 million to $290 million a month. However, despite the seemingly dire results for a ...
Billionaire Dan Gilbert's Detroit real estate firm Bedrock LLC is adding three c-suite leaders from developers in Chicago and San Francisco. The three leaders will be in roles overseeing the day-to-day operations of the nine-year-old business, streamlining its ...
There was little in wide-moat T. Rowe Price's (TROW) third-quarter results that would alter our long-term view of the firm. We are leaving our $125 per share fair value estimate in place. The company closed out the September quarter with a near-record $1.310 ...
Officials with handgun accessory and parts manufacturer GS Performance announced Thursday the company will soon relocate its headquarters to Nashville from San Diego. Originally announced in October 2018, the effort will represent an investment of ...
The European Central Bank is getting ready to unleash even more stimulus, warning on Thursday of clear risks as the region's two biggest economies once again impose sweeping restrictions in an effort to curb the resurgent coronavirus. The ECB said in a ...
Many seniors struggle to pay for healthcare costs. Will a coronavirus vaccine end up being a huge financial burden for them? Maurie Backman. (TMFBookNerd). Oct 29, 2020 at 7:18AM. Author Bio. Maurie Backman is a personal finance writer who's ...
Spice maker McCormick & Co., headquartered in Hunt Valley, Maryland, will open its largest distribution center in the world in Baltimore County. The 1.8-million-square-foot facility will be at the Tradepoint Atlantic Industrial Park in Sparrows Point, joining other ...
WINONA, Minn. (WKBT) — ALDIwill open its first Winona store at 9 a.m. Wednesday, Nov. 11, the grocer announced Thursday. The store, located at 1443 Service Drive, will offer curbside grocery pickup beginning in Nov. 25. The store will be open daily from 9 ...
MARCY — Cree/Wolfspeed's $1 billion power-chip fabrication plant at the SUNY Polytechnic Institute campus in Oneida County has been "topped off," Gov. Andrew Cuomo announced Thursday, and is on track to begin production in 2022.
Wyndham snapped quickly back to profitability from pandemic losses, but there is still plenty of work ahead to get back to 2019 performance levels. — Cameron Sperance. Share. Tweet. Share. Post. Send. At least one comeback kid has emerged for the hotel ...
Third-quarter funds from operations for Welltower Inc. totaled $352.6 million, or 84 cents a share, the Toledo-based real estate investment trust reported on Wednesday. That was down 17 percent from the same period last year when the funds totaled $426.7 ...
JetBlue says it plans to increase the number of seats it will fill on planes starting in December. That makes JetBlue the latest airline to retreat from blocking middle seats to give passengers more space because of the pandemic. A JetBlue spokesman said ...
by Paul A. Eisenstein | Oct 29, 2020. The Genesis GV70 makes its first formal appearance. It's barely gotten its first SUV into showrooms but Genesis is already showing off its second, the Korean luxury brand offering up a first look at the GV70 set to come to ...
When a company tops consensus revenues by an astounding US$115 million, as Shopify did in its third quarter, you would normally expect its shares to benefit. Instead, Shopify shares tumbled three per cent in early morning trading in New York and Toronto.
REGN-COV2 is a combination of two monoclonal antibodies (REGN10933 and REGN10987) and was designed specifically to block the infectivity of SARS-CoV-2, the coronavirus that causes COVID-19. Regeneron's core technologies allow for the rapid and ...
(Reuters) - Tesla Inc plans to add at least one new service center every week in 2021, Electrek reported on Thursday, citing a source familiar with the matter. The electric carmaker has been expanding its network of service centers and Superchargers to keep ...
The corporate headquarters of McDonald's has been sold for $412.5 million, the highest price paid for a Chicago office building this year. The nine-story building at 110 N. Carpenter St., where McDonald's is the marquee tenant, was sold to Normandy ...
King County has halted its water taxi service to and from West Seattle because of a damaged metal pin at the westside Seacrest dock. Service was suspended Wednesday night and Thursday morning. There's no word yet about Thursday evening and Friday ...
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