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Online car seller gives an inside look at the pandemic's most popular path to going public As blank-check companies explode on public markets, here is how one California company navigated the process of going public through a SPAC merger. Email icon; Facebook icon; Twitter icon; Linkedin icon; Flipboard icon. Print icon; Resize icon ...
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The US unemployment system was already broken. Then the coronavirus pandemic hit Welcome to the Covid Economy, CNBC Make It's deep dive into how the coronavirus pandemic is impacting all areas of our lives, from food to housing, health care to small business. We're focusing on North Carolina, a swing state that has seen rapid ...
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Amazon's Prime Day is shaping up to be its most challenging one yet Amazon postponed its annual Prime Day shopping event to Oct. 13 and Oct. 14 as a result of the pandemic. Online shopping remains strong heading into the holidays and analysts expect Prime Day sales will top last year's event. But a mid-October Prime Day ...
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Desperate Manhattan landlords are offering an average of two months free rent As rental prices in Manhattan continue to drop, landlords are offering free months of rent to fill a record-high number of empty apartments. The borough's vacancy rate continued to climb above the 5% barrier it broke in August, rising to 5.75% in September, ...
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Strike could cut a quarter of Norway's oil and gas output next week OSLO (Reuters) - An oil workers strike in Norway could cut output by almost a quarter next week, operators said on Thursday, though the union behind the industrial action in western Europe's biggest crude and gas producer said a resolution was possible.
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Kroger brings ClusterTruck 'ghost kitchens' on-premise for meal delivery Following a successful pilot, The Kroger Co. is launching two "ghost kitchens" with partner ClusterTruck inside stores in metropolitan Indianapolis and outside Columbus, Ohio, for on-demand delivery of fresh-made meals. Unlike off-premise "dark kitchens" or ...
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California has a renewables curtailment problem; Can your Google and Facebook activity help? As renewable energy continues to grow, producers, distributors and customers alike keep grappling with the growing pains of increasing variability in the nation's power supply. A key challenge is curtailment, the deliberate reduction in renewable output below ...
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FuelCell Energy stock powers higher after bullish call from JP Morgan Shares of FuelCell Energy Inc. charged higher on heavy volume Thursday, after a bullish call from J.P. Morgan analyst Paul Coster said the company seems "poised to pivot into profitability" after years of investment. Coster initiated coverage of the fuel cell ...
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Killer Mike, former Atlanta mayor Andrew Young, and Bounce TV founder Ryan Glover launch a digital bank A group of Black Atlanta businessmen, politicians and entertainers — including former Atlanta Mayor Andrew Young, the entertainer Michael Render (better known as Killer Mike) and Bounce TV founder Ryan Glover — have launched a new digital bank ...
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Waymo to launch fully driverless service to the public — a first just in time for the pandemic SAN FRANCISCO — Waymo is launching fully driverless vehicles to the public, a milestone achievement for Silicon Valley's self-driving car industry that comes during a global pandemic where efforts to limit person-to-person contact have found a welcoming ...
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Private equity giant Blackstone set to open tech office in Miami Miami is moving one step closer to its goal of becoming a tech hub. Private equity giant Blackstone is coming to Miami, bringing as many as 215 tech-focused jobs. In an interview, Blackstone chief technology officer John Stecher said the Magic City was ...
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Ford to keep office workers at home through at least next June Ford Motor Co.'s tens of thousand of white-collar workers in North America will continue working from home through at least next June. The announcement Thursday is an extension of a remote-work policy the Dearborn automaker put in place near the ...
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Bradley International Airport Adding Nonstop Flights to Nashville WINDSOR LOCKS, CT — Connecticut travelers headed for Music City U.S.A. will soon be able to fly there nonstop, as Bradley International Airport announced a new direct flight to Nashville will be available in March on Southwest Airlines. A Boeing 737 will ...
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Best Buy 'Black Friday' Deals Start on Prime Day Best Buy will hold an early 'Black Friday' sales event on Oct. 13-14, which just so happens to coincide with Amazon Prime Day. Here are some of the deals Best Buy has on tap. Sherin Shibu. By Sherin Shibu. October 8, 2020. facebook · twitter · flipboard.
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Eaton Vance inks deal to be bought by Morgan Stanley for $7 billion Eaton Vance, the Boston-based investment firm whose roots go back to the earliest days of mutual funds, said Thursday it would be acquired by Morgan Stanley for $7 billion, capping its search for a partner with much broader customer reach. The deal, a mix ...
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About $4.1B in forgivable loans came into Nevada. Businesses are cashing in. For Henry Valentino, federal small-business COVID-19 relief funds have helped retain employees and pivot his Las Vegas tech company in a new direction. "We were one of those businesses that fit very nicely into the original objectives of the PPP," said ...
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Google must negotiate to pay for French news, appeals court confirms Google's appeal against an order by France's competition watchdog to negotiate with publishers for reuse of snippets of their content has failed. As we reported in April, the French authority was acting on a new 'neighbouring right' for news which was ...
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Where to Find Korean Fried Chicken in Portland and Beyond While Portland isn't known for a rich Korean food scene, the thirst for Korean Fried Chicken is serious. When Bonchon finally opened an Oregon location this year, the international chain had to shut down the location's online ordering, due to the massive ...
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Ant Group's $35 billion IPO unlikely to be hurt by possible US curbs HONG KONG (Reuters) - Ant Group's $35 billion initial public offering (IPO) is unlikely to suffer from any U.S. restrictions on the Chinese financial technology giant due to its very limited overseas presence, potential investors and analysts said. Slideshow ( 2 ...
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On-demand recreational marijuana delivery comes to metro Detroit Metro Detroiters can now order recreational marijuana for delivery like they would food through a system such as Grubhub or DoorDash. The online ordering site Lantern, which partners with the Michigan cannabis group 3Fifteen to process and deliver the ...
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Southwest Airlines to Begin Service to Palm Springs Beginning Nov. 15 Southwest Airlines announced Thursday it will begin year-round service to Palm Springs International Airport beginning next month. In addition to Palm Springs, the airline will begin flying to Oakland, Phoenix and Denver, all starting on Nov. 15, according to a ...
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Boeing in talks with Alaska Air for potential 737 Max order after jet's return to service SEATTLE/CHICAGO — Boeing Co. is in discussions to sell 737 Max jets to Alaska Air Group Inc. once the plane returns to service following a lengthy grounding, three people familiar with the matter said. The talks are part of a series of negotiations between ...
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Why It Could Get Harder to Have Sustainable Investments in Your 401(k) By Liz Weston. Interest in sustainable investing is soaring, as more people become convinced that making a positive impact can be profitable as well as good for the planet and society. Unfortunately, the Labor Department doesn't think these investments ...
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Core Technology founder Geoff Foster one of Enrst & Young's Entrepreneurs of the Year Geoff Foster, president and CEO of Core Technology Molding Corp. of Greensboro, was named an Entrepreneur of the Year 2020 Southeast Award winner by Ernst & Young. Foster is among 12 entrepreneurs and leaders of high-growth companies ...
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US long-term mortgage rates change little; 30-year at 2.87% WASHINGTON — U.S. long-term mortgage rates changed little this week, flattening in recent weeks following a year-long decline amid economic anxiety in the recession set off by the coronavirus pandemic. Home loan rates have remained at historically low ...
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AT&T's WarnerMedia to layoff thousands of employees at Warner Bros. as part of restructuring AT&T Inc.'s WarnerMedia subsidiary is preparing a restructuring aimed at cutting costs by as much as 20%, resulting thousands of employees losing their jobs, according to a report in The Wall Street Journal. Citing people familiar with the matter, the report ...
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State approves 3.8% rate hike for UGI, cutting company's request by two-thirds The state Public Utility Commission on Thursday approved a settlement that slashes almost two-thirds off a proposed rate hike by UGI Utilities. UGI announced in January it would seek a 10.6% rate hike to fund improvements to its distribution system. But by a ...
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Louie's Bar & Grille in Akron to close after 28 years, citing coronavirus pandemic AKRON, Ohio – Louie's Bar & Grille in Akron's North Hill neighborhood has announced plans to close on Oct. 18 after 28 years in business due to difficulties related to the coronavirus pandemic, including the reduced seating capacity. "Should this change, we ...
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GameStop surges after forming strategic accord with Microsoft GameStop Corp. jumped as much as 27% after a strategic partnership with Microsoft Corp. gave investors fresh optimism that the video-game retailer can turn around its business. Under a multiyear agreement, GameStop will use Microsoft's cloud services to ...
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2021 Chevy Silverado 3500 HD claims towing crown, but there's a hitch Chevy has claimed a best-in-class tow rating for its updated 2021 Silverado 3500 HD, but it's hauling some controversy along with it. (Chevrolet). The automaker has announced that the top rating for the updated truck will be 36,000 pounds when equipped ...
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Wisconsin Center's $420 million expansion gets financing green light The planned expansion of the Wisconsin Center convention center in downtown Milwaukee received a key financing approval Thursday allowing the $420 million project to move into the planning phase and the Wisconsin Center District to issue bonds to ...
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Downtown Elephant Car Wash to close, neon sign to be donated to MOHAI South Lake Union's iconic neon pink Elephant Car Wash sign will soon be coming down and moved to its new home at the Museum of History and Industry. Rumors of possible demolition began swirling after the Daily Journal of Commerce reported that Clise ...
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USPS Releases 2020 Holiday Shipping Deadlines The US Postal Service released its holiday-shipping deadlines for 2020, a year that has seen unprecedented online orders due to the demand created by the COVID-19 pandemic. In fact, the organization used humor in its headline announcing the ...
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Consumer Portfolio Jumps 39% on Buyout Offer Shares of Consumer Portfolio Services Inc. (Nasdaq: CPSS) jumped as much as 54% after receiving an all-cash buyout offer for $135 million. Dallas-based Auto Experience Inc., created in 2018 to pursue strategic business opportunities in the automobile ...
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OneDigital Receives Majority Investment from Onex ATLANTA--(BUSINESS WIRE)--Oct 8, 2020--. OneDigital, the nation's leading strategic advisory firm focused on delivering health, retirement/wealth and HR solutions for employers of all sizes, announced today that it has signed a definitive agreement to ...
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Businesses evacuated after major gas leak shuts down part of Route 1 in Danvers DANVERS — Route 1 northbound, north of Lowell Street, has been shut down Thursday morning after officials said a utility work crew doing improvements near Route 114 struck a natural gas main, causing a major gas leak. Traffic on the northbound side, ...
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As Moderna doubles down on vaccines, Merck pulls out of a long-running collaboration In the wake of their Covid-19 effort, Moderna is doubling down on vaccines for infectious disease, but they announced today they'll be doing so without one of their longtime partners. In one of a flurry of announcements Thursday morning, the Cambridge ...
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High cheese prices and the pandemic hurt Domino's profits The company's U.S. sales hit a record levels in the third quarter, but margins declined because of higher commodity prices and pandemic costs. By Jonathan Maze on Oct. 08, 2020. Facebook · Twitter · LinkedIn · SMS. Domino's Pizza Q3. Photo courtesy of ...
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Ohio fall foliage 2020 status It feels like fall and looks like fall across Ohio, especially as we watch the leaves change color. Peak leaf color will be here shortly in mid-to-late October. Here is your weekly fall foliage status report: Credit: WKYC. October 8, 2020. Data is provided by the Ohio ...
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Better Buy: Aphria vs. Tilray These stocks have chosen to weather the ups and downs of the marijuana industry with different growth strategies. But which has worked best? David Jagielski. (TMFdjagielski). Oct 8, 2020 at 6:45AM. The Canadian cannabis industry achieved a major ...
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Acuity Brands: Fiscal 4Q Earnings Snapshot ATLANTA (AP) _ Acuity Brands Inc. (AYI) on Thursday reported fiscal fourth-quarter net income of $73.7 million. The Atlanta-based company said it had profit of $1.87 per share. Earnings, adjusted for one-time gains and costs, were $2.35 per share.
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Planet Hollywood reopens Thursday after 7-month COVID-19 closure LAS VEGAS (KLAS) — One of the last mega-resorts on the Las Vegas Strip reopens Thursday after being closed since mid-March due to the COVID-19 pandemic. Planet Hollywood will reopen in phases as tourism slowly returns. The hotel rooms will only be ...
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Morning Market Review for Oct. 8, 2020 Soybeans, wheat continue upward on dry global conditions. (Comments are updated by 7:30 a.m. Central Time.) Jacqueline Holland | Oct 08, 2020. Corn follows higher. Corn up 3-4 cents; Soybeans up 6-12 cents, soyoil down $0.03/lb, soybean meal up $8.3/ ...
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Check out the Oregon Haunted History Tour and scavenger hunt this Halloween season OREGON, Ohio — Even though we're in the middle of a pandemic, there are still things to do and enjoy this Halloween season. The Oregon Haunted History Tour is one of them! The Oregon Rec and the Oregon Jerusalem Historical Society has partnered up ...
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This Ford Bronco Overland really wants to go off-grid And who are we to argue. New Bronco gets an adventurous makeover. Stephen Dobie. 8 Oct 2020. Facebook · Twitter · Google+ · WhatsApp · Mailto · Copy link. Show/hide. 0. Magazine subscription – 5 issues for £5. PrevNext. Full screen. PrevNext. 1/8 ...
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Taxes And The Economy If Joe Biden Is Elected President Raising taxes will not be good for the economy, but there is less reason for worry than many conservatives believe. This article explores—from a forecaster's viewpoint, not a campaigner's viewpoint—what taxes will do to the economy if Joe Biden is elected ...
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Forsyth adds 84 new cases of COVID-19 The number of COVID-19 related deaths in North Carolina has surpassed 3,700 with an additional 29 reported Thursday by the state Department of Health and Human Services. The statewide death toll is at 3,722, including 143 already for October. Forsyth ...
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Committee unanimously OKs $420M for Wisconsin Center expansion MILWAUKEE - The Wisconsin Center District (WCD) Governance Committee has unanimously approved a resolution to finance the $420 million convention center expansion project. This is the final approval needed in order to begin the planning phase of the ...
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Allegheny County posts 127 coronavirus cases, no deaths 42 minutes ago. Allegheny County on Thursday reported 127 new coronavirus cases with no new deaths. The daily total is the highest in more than two months, when 132 cases were reported on Aug. 4. The county's total number of cases stands at 13,024.
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Surly workers union fails by razor-thin margin, abstained votes Wednesday afternoon, workers in the front of house and kitchen at Surly Brewing Company participated in an election conducted by a third party that would determine the future of their union. 0. At stake were the right to healthcare during the pandemic, the ...
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