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Omnicom Sees Q3 Organic Revenue Decline John Wren, CEO of Omnicom, said the holding company faces a number of 'challenges and uncertainties' as it looks ahead to the fourth quarter. Omnicom Group. Headshot of Minda Smiley. By Minda Smiley. 2 mins ago. Omnicom, which owns agencies such ...
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Eli Lilly Earnings, Halted Covid-19 Drug Trial Disappoint Investors Eli Lilly LLY -6.92% & Co. reported lower-than-expected quarterly earnings due to pricing pressure on top products, while the drugmaker said it would proceed with plans to introduce a new Covid-19 antibody treatment despite a setback in one of several ...
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Microsoft gets a pandemic boost thanks to Surface, Xbox, and cloud services Microsoft posted the first quarter of its 2021 financial results today, reporting revenue of $37.2 billion and a net income of $13.9 billion. Revenue is up 12 percent, and net income has increased by 30 percent. While the ongoing pandemic continues to force ...
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An 'enormous' stock-market bubble has already popped, says David Einhorn 'Our working hypothesis, which might be disproven, is that September 2, 2020 was the top and the bubble has already popped.' " — David Einhorn, Greenlight Capital. The top is in for the U.S. stock market after an "enormous" bubble in technology stocks ...
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IRS Posts Updated Penalty Amounts For 2021 The penalty is 5% of the unpaid taxes for each month or part of a month that a tax return is late (unpaid tax is the total tax shown on your return reduced by amounts paid through withholding, estimated tax payments, and allowed refundable credits).
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Chipmakers AMD and Nvidia are using skyrocketing stock prices to make industry's biggest acquisitions Just over six weeks after Nvidia announced its $40 billion acquisition of Arm, AMD said on Tuesday that it's agreed to buy Xilinx for $35 billion. If completed, they would be two of the three biggest semiconductor deals ever. AMD and Nvidia are taking ...
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YouTube kid influencers are marketing junk food from McDonald's, Coke and others to children Kid influencers are marketing junk food and sugary drinks to billions of viewers through product placement, a new study published in the journal Pediatrics found. Researchers analyzed 418 YouTube videos from the five most-watched kid influencers on the ...
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How Jack Dorsey will defend Twitter in tomorrow's Senate hearing on Section 230 Three of tech's most prominent CEOs tomorrow will face the Senate Commerce Committee during a virtual hearing tomorrow and their opening statements are beginning to trickle out. The hearing, scheduled for 10 AM ET Wednesday, will see Twitter's Jack ...
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Why Exact Sciences' $2.15 Billion Deal Has Investors Excited About Cancer-Screening Technology A surge in Exact Sciences ' stock price after it agreed to buy a medical diagnostic company demonstrates investor enthusiasm about the prospect of early cancer detection using a simple blood test. Shares of Exact Sciences (ticker: EXAS) were up $27.76, ...
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Novavax Will Launch US Phase 3 Trials Of Coronavirus Vaccine By End Of November Novavax, one of the biotech firms that received funding from the Trump administration's Operation Warp Speed to produce a coronavirus vaccine, announced Tuesday it plans to begin phase 3 clinical trials in the United States and Mexico by the end of ...
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Nielsen hit with discrimination lawsuit from Black executive in Chicago A longtime Nielsen Holdings executive tasked with improving the company's outreach to Black consumers has filed a civil rights lawsuit alleging the market research firm discriminated against her. Cheryl Grace, a Black executive in Nielsen's Chicago office, ...
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Krispy Kreme is offering free doughnuts and 'I Voted' stickers on Election Day (CNN) Krispy Kreme wants to get people celebrating "doughmocracy." The doughnut chain announced on Tuesday that it will give visitors the iconic "I Voted" sticker, as well as a free doughnut, in honor of Election Day on November 3. There is no proof of ...
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HopCat restaurants to remain open, exit bankruptcy in $17.5M deal In a coronavirus-era miracle, HopCat restaurants will remain open after a new deal was announced Tuesday. Grand Rapids-based BarFly Ventures sold its assets — including seven HopCat gastropubs in the state, one in Nebraska and another in Indiana ...
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Airbnb sets stage for blockbuster market debut, looks at Nasdaq listing (Reuters) - Home-rental startup Airbnb Inc plans to list its shares on the Nasdaq, setting the stage for one of 2020's most high-profile stock market debuts. Earlier this month, Reuters reported the company was aiming to raise $3 billion in its IPO, which could ...
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Without PPP, banks face a riskier 2021, St. Louis banker warns The Bank of Franklin County is enjoying an unusually strong 2020, thanks in large part to loans from the federal Paycheck Protection Program (PPP). But 2021 doesn't look as rosy, its top executive said. "We're entering a year of a whole lot of uncertainty," ...
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After a decade, Toyota brings the Sienna up to date With the redesign onto the TNGA-K platform, the 2021 Sienna gets a standard hybrid powertrain and a jump to 36 mpg combined in fwd and 35 mpg combined with awd — up to a 75 percent improvement.
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Half of Burnsville Center property on auction block this week Half of the Burnsville Center shopping mall property has gone up for auction as part of foreclosure proceedings after its owners fell months behind on the mortgage. More than 500,000 square feet of rentable retail space is up for grabs at the 1.1 ...
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US Home-Price Growth Accelerated in August The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 5.7% in the year that ended in August, up from a 4.8% annual rate the prior month. Sales of previously ...
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White Castle closing on morning of Election Day to encourage employees to vote This fast-food chain is prioritizing its employees' right to vote over profits. White Castle announced Tuesday it will close all of its restaurants on Nov. 3 between the hours of 7 a.m. and 11 a.m. to give its workers time to vote in the presidential election, a move ...
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Another round of expense and job cuts sends Raytheon's third-quarter profit down sharply An acceleration of a major restructuring initiative during the third quarter led to Raytheon Technologies Corp. reporting Tuesday an 84.2% drop in net income to $151 million. United Technologies Corp. completed on April 3 its purchase of Raytheon, choosing ...
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Dunkin' sale poised to be second-largest restaurant deal ever By Richard Clough and Crystal Tse | Bloomberg. Inspire Brands hasn't been around for long, but it's already making its mark on the restaurant industry. Adding to a string of acquisitions, the private equity-backed company is poised to sign the sector's ...
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Despite Covid-19 Crisis, Independent Advisors Remain Optimistic: Schwab Study The Covid-19 pandemic has prompted some independent financial advisors to ratchet down their own growth expectations for this year, but a majority of these advisors remain optimistic about the industry's long-term prospects.
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The Salvation Army changes Christmas programs due to COVID concerns: Stuff a Stocking, Angel Tree & Red Kettles WINSTON-SALEM, N.C. — COVID has changed almost everything we do. The Salvation Army's Christmas programs are no exception. Yes, families and children will still be served but it will look a little different.
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MTA to launch voluntary coronavirus screening program for front-line workers STATEN ISLAND, N.Y. -- The MTA is making it even easier for its employees to get tested for the novel coronavirus (COVID-19). On Tuesday, Gov. Andrew Cuomo announced that the MTA is set to launch a new, voluntary coronavirus screening program for ...
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Burger King Owner to Modernize 10000 Drive Thrus In early September, Burger King unveiled restaurant designs for the future, including a fully contactless model with a suspended kitchen and dining room sitting above drive-thru lanes, configured to reduce the building's footprint. Drive-thru customers can even ...
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An Alibaba affiliate would become the largest public offering for sale in history, according to Jack Ma Ant Group , a fintech company, a subsidiary of Alibaba , plans to raise more than $ 34 billion jointly on its listing on the Shanghai and Hong Kong stock exchanges. This fact would make it the largest public offering for sale in history. "This is the first time that the ...
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Burger King's Halloween stunt in Sweden has Ronald McDonald-like clown creepily appearing in bathroom mirror In all fairness, ghost clowns are probably scarier than Bloody Mary. There is a variety of urban legends that involve standing in a dark bathroom, looking into a mirror and chanting a name multiple times. This will, according to legend, summon a ghost or spirit ...
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Restaurant Inspections – October 27 Restaurant Inspections Sept. 4-9. The Hancock County Health Department inspects restaurants four times annually and violations are determined as "C" for critical, "NC" for noncritical and "R" for repeated violations. The following inspections are based on ...
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MSC Industrial Supply sharpens its focus on digital commerce The distributor of metalworking and other industrial supplies and services is carrying out a multi-pronged approach to upgrade its ecommerce technology and operations as one of its major growth priorities, CEO Erik Gershwind said today. MSC Industrial ...
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Hundreds of storage units in New York heading to auction Executive orders in New York state prevent landlords from evicting tenants, but no similar protections exist for self-storage units. That may spell trouble for people currently unable to pay the fees on those units. The contents of hundreds of self-storage units will ...
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JetBlue Sees Rapid Covid Tests as Key to Near-Term Recovery Ahead of Vaccines JetBlue isn't pinning its hopes on a Covid-19 vaccine. Instead, it says a cheap and accurate rapid-response test could be what makes governments lift onerous quarantines and convinces people to fly again. — Madhu Unnikrishnan. Share. Tweet. Share. Post.
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Topgolf to merge with golf equipment maker Callaway The all-stock merger creates a multi-branded golf powerhouse and gives Topgolf a valuation of nearly $2.5 billion. By Jonathan Maze on Oct. 27, 2020. Facebook · Twitter · LinkedIn · SMS. TopGolf x Callaway. Photograph: Shutterstock. Topgolf, the ...
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Intermountain + Sanford: Our take on the $15B 'megapolitan' merger Intermountain Healthcare and Sanford Health on Monday announced they have signed a letter of intent to merge, a deal that stands to create a $15 billion health system. Merger details. According to Modern Healthcare, the boards of both health systems last ...
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Marriott Pitches Hotels to Remote Workers Fleeing Stress at Home Hotel companies are going to new lengths to get guests through the doors in a bid to salvage a historically bad year for the industry. More than 2,000 hotels in the Marriott International Inc. system will begin allowing guests to check in at 6 a.m. and stay as late ...
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Consumer confidence falls in US swing states ahead of presidential election Shoppers are seen wearing masks while shopping at a Walmart store in Bradford, Pennsylvania, on Jul 20, 2020. (Photo: REUTERS/Brendan McDermid). 28 Oct 2020 02:55AM (Updated: 28 Oct 2020 03:39AM ) ...
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SpaceX and LeoLabs partner up for tracking of Starlink satellite deployments SpaceX and orbital object tracking startup LeoLabs have announced a new commercial partnership that will see LeoLab track SpaceX's Starlink satellites during their initial deployment and orbital travel. The arrangement means that LeoLabs will immediately ...
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Toys R Us brings back 'Geoffrey's Hot Toy List' for 2020 and a chance to win toys Tru Kids Brands, the parent company of Toys R Us, today relaunched the annual "Geoffrey's Hot Toy List" for 2020. The list features the "top 20 hottest toys of the year" from brands that include Fisher-Price, Hasbro, Lego, Mattel, Spin Master and VTech.
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Knott's Berry Farm Celebrates the Holidays with the all-new Knott's Taste of Merry Farm Off the heels of Knott's successful new "Taste" experiences, Knott's Berry Farm has announced a new Holidays food and retail event with Knott's Taste of Merry Farm. Knott's will celebrate the Holidays with "enchanted décor, thousands of twinkling lights, miles ...
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Man dies at Kenduskeag industrial site A 59-year-old Veazie man died at an industrial site in Kenduskeag on Tuesday, state police said. The cause of Gary Mullen's death involved a forklift at a rented building on Ames Road, police said. The federal Occupational Safety and Health Administration is ...
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Pastor accused of urinating on Detroit plane passenger identified ROMULUS, Mich. (FOX 2) - A North Carolina pastor has been ticketed for a charge of simple assault after authorities said he relieved himself on a sleeping woman in the backseat of a Delta plane as she returned to Detroit from Las Vegas. Daniel Chalmers ...
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