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DealBook: A New Activist Playbook Good morning. (Was this email forwarded to you? Sign up here.) Dan Loeb wants Disney to bet big on streaming. It isn't often that an activist investor wants a company to spend more money on itself and less on shareholder payouts. But that's precisely what ...
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Unemployment Claims Expected to Remain High: Live Business Updates A report from the Labor Department on Thursday is expected to show that layoffs remained high last week — although data problems in California will make it hard to know exactly how high. Economists surveyed by FactSet estimate that first-time filings for ...
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The Baby Boomer Bond Dilemma Today's record low bond yields could not come at a worse time for many baby boomers. Owning U.S. Treasuries, the undisputed safest bond for retirees, means signing on for next to nothing in earnings for the next five to 10 years. That's because the current ...
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The pandemic killed 107000 oil and gas jobs. Most aren't coming back anytime soon New York (CNN Business) The oil and gas industry is laying off workers at an unprecedented pace to cope with a pandemic that crashed energy prices and raised doubts about the future of fossil fuels. A staggering 107,000 jobs vanished from the US oil, gas ...
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British Airways retires its final Boeing 747 airplane (CNN) — British Airway retired the last of its huge Boeing 747 airplanes on Thursday when the final two planes still in service departed from London Heathrow -- a poignant event brought upon by the coronavirus pandemic. BA said that the jumbo jets, one ...
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Australia casino boss Packer flags Crown selldown after "painful" claims SYDNEY (Reuters) - Australian casino magnate James Packer said on Thursday he may have to cut his stake in his company for it to keep its licence and declared he would never rejoin its board after the "terribly shocking experience" of being accused of ...
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UAE company nears end of Chinese Covid-19 vaccine trial ABU DHABI (Reuters) - A United Arab Emirates company is nearing the end of Phase III clinical trials of a Chinese COVID-19 vaccine and hopes to manufacture it next year, a representative said. Slideshow ( 5 images ). The trial, which began in mid-July, is a ...
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Thai Airways ensures grounded flying fans can still take off BANGKOK -- Have you imagined piloting a plane into world airports? Do you miss airline meals or want a taste of first-class food? Thai Airways has found a way to offer those experiences despite being grounded by the coronavirus and landing in bankruptcy ...
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Global Shares Mostly Higher on Hopes for US Stimulus TOKYO (AP) — Global shares were mostly higher on Thursday on optimism that U.S. stimulus may be coming after all, as President Donald Trump appeared to reverse his earlier decision to halt talks on another economic rescue effort. France's CAC 40 edged ...
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UPDATE 1-Europe buys Gilead's remdesivir for 500000 COVID-19 patients amid supply worries (Adds deal details). BRUSSELS, Oct 8 (Reuters) - Gilead Sciences said on Thursday it had agreed to sell Europe up to 500,0000 courses of its antiviral drug remdesivir, as the continent scrambles to shore up supplies of one of only two drugs approved to treat ...
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Don't take money out of your Roth IRA until five years after your first contribution A Roth IRA is a retirement account that comes with powerful tax breaks. Roths are a great option for seniors because while you invest with after-tax dollars, any money you withdraw as a retiree is tax-free. You won't pay taxes on investment gains, and ...
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EasyJet pleads for government help as it reports first loss in its 25-year history Shares in easyJet fell almost 3% on Thursday morning, after the budget carrier slashed flights to 25% of its normal level and urged the government to help airlines survive the COVID-19 pandemic, which has crippled the industry. In a trading update, easyJet ...
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Yelp launches alert that identifies businesses accused of racism Americans are increasingly using Yelp to sound the alarm after encountering racist practices at businesses across the country. In the months following George Floyd's death under the knee of a police officer, an increasing number of reviewers have warned ...
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Ask Amy: Spouse's spending creates a debt trap Dear Amy: My wife and I have been married for a long time. We grew up in working-class families, were the first in our families to graduate from college and had respectable careers in different industries. Support our journalism. Subscribe today. Now we're ...
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Google must talk to French publishers about paying for their content, court says Google must open talks with publishers in France about paying to use their content, a French appeals court confirmed. The court ruling may reverberate outside France, as it compels Google to sit down with publishers and news agencies to find a way to ...
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Donated venison needed now more than ever The medical crisis that spawned an economic crisis has caused a hunger crisis in Pennsylvania. Pandemic-related business closings have led to layoffs or pay reductions for more than 1 million Pennsylvanians since March. Food banks in the state report that ...
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Samsung Electronics profit likely at two-year high after Huawei orders, phone recovery SEOUL (Reuters) - Samsung Electronics Co Ltd said its third-quarter profit likely jumped 58% to the highest in two years, beating analysts' estimates as U.S. restrictions on China's Huawei boosted the South Korean tech giant's phone and chip sales.
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Helen of Troy profit, revenue rises above views Helen of Troy Ltd. on Thursday posted year-over-year profit and revenue growth in the latest quarter on strong online sales of its products across business segments. The company, which makes household products and personal-care products, recorded a ...
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IBM's stock surges after plan to spin off managed infrastructure services unit The separation is expected to be completed through a tax-free spinoff to IBM shareholders by the end of 2021. The move is part of IBM's plan to accelerate its hybrid cloud growth strategy. "Now is the right time to create two market-leading companies focused on ...
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Inside look: How an Amazon fulfillment center operates during COVID-19, ahead of Prime Day While Amazon's fulfillment center in South Memphis has changed its operations for COVID-19, it isn't expected to transform much more for "Prime Day" and the looming holiday shopping rush. Tyler Fagan, the facility's general manager, said Amazon is ready ...
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Postal Service Urges Customers to Plan Ahead to Deliver Holiday Cheer to Service Members (UNDATED) – The holiday season is nearly upon us and the U.S. Postal Service urges customers to plan ahead and ship early to their friends and loved ones stationed on military outposts in faraway lands and serving on the high seas. To send packages to ...
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MG Gloster vs Toyota Fortuner vs Ford Endeavour: Specs, variants, features, price compared MG Gloster vs Toyota Fortuner vs Ford Endeavour: MG Motor today rolled out the all-new Gloster SUV in a segment cominated by the Fortuner and Endeavour. But it offers a set of segment-first features and also has an inviting price tag. By:Abhilasha ...
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Forbes India Rich List 2020: Mukesh Ambani tops chart, Gautam Adani takes second place The rich in India got richer as the wealth of the top 100 on the list increased by about 14 percent or $517.5 billion compared to 2019, as per Forbes Magazine. FP Staff October 08, 2020 16:24:24 IST. Forbes India Rich List 2020: Mukesh Ambani tops chart, ...
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5 tips to get help for your small business now, as relief talks remain in limbo After calling off broader talks on an economic stimulus package, President Trump reversed course Tuesday night, urging Congress to approve smaller relief measures, including funding for small-business loans. Yet there is still a great deal of uncertainty ...
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Unite Group sees rental income falling Unite Group PLC Thursday said that the valuation of its property portfolio rose 0.7% during the third quarter due to the U.K. government's coronavirus stimulus measures, and that its rental income is set to fall. The FTSE 250 student-accommodation developer ...
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DTE executives' coal reliability incentive conflicts with clean energy goals, critics say The Michigan utility aims to achieve carbon neutrality by 2050, but its compensation packages still include rewards for "coal plant reliability." DTE Energy is facing criticism from environmental groups for a "coal plant reliability" incentive in the Michigan ...
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More than 63000 without power in Western Mass. after storm downs trees, powerlines: 211000 outages statewide A Strong storm blew through Western Massachusetts Wednesday evening leaving downed trees and power lines in its wake across the four counties of Western Massachusetts. The storm has left more than 63,000 homes and businesses without power in ...
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Southwest Airlines Expands Service To Three Warm Weather Destinations The flights will be available at the beginning of 2021. Shutterstock photo. (Erlanger, Ky.) - Southwest Airlines is expanding service between CVG and three warm weather destinations. Cincinnati/Northern Kentucky International Airport announced Wednesday ...
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Airport passenger numbers show travel during COVID-19 pandemic slow to take off At McGhee-Tyson airport, the flights may be leaving on time, but the number of passengers is way behind schedule. After 2.5 million people flew through Knoxville's airport in record-shattering 2019, the coronavirus pandemic has grounded expectations for ...
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Infosys to acquire Blue Acorn iCi for up to about Rs 915 crore The move further strengthens Infosys' end-to-end customer experience offerings and demonstrates its continued commitment to help clients navigate their digital transformation journey, Infosys said.
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Hargreaves benefits from NS&I rate cut Hargreaves Lansdown has benefitted from savings provider NS&I cutting its interest rates with the fund giant seeing increased interest in its own savings account. In a trading update published today (October 8) the company said flows into its active savings ...
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Amazon says Future Group violated contract by selling stake to Mukesh Ambani's RIL Amazon agreed to purchase 49% of one of Future's unlisted firms last year, with the right to buy into flagship Future Retail Ltd. after a period of between three and 10 years. The deal between Reliance and Future, announced late August, is awaiting regulatory ...
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Why landlords have no reason to fear 'generation buy' Boris Johnson has said that he wants to turn 'generation rent' into 'generation buy' – but landlords shouldn't be fearful of his intentions. Nine golden rules to help landlords with rent disputes · Government announces eviction bans for areas in local lockdowns.
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Majesco Limited announces ₹631 crore share buyback Majesco proposes to buyback up to 74,70,540 fully paid equity shares of ₹5/- each of the company, representing 25% of the total paid-up equity capital of the company as on September 30, 2020) at a price of Rs. 845.
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Thumbs-up for pumpkin-picking after tricky time with weather Essington Farm has had to make changes to their pick your own event this year to adhere to social distancing guidelines. Tickets to pick pumpkins will now have to be booked in advance, to ensure there is no overcrowding in the field. Richard Simkin, at ...
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HAPSMobile's Sunglider Succeeds in Stratospheric Test Flight HAPSMobile Inc. ("HAPSMobile"), a subsidiary of SoftBank Corp. (TOKYO: 9434) and minority-owned by AeroVironment, Inc. ("AeroVironment," NASDAQ: AVAV), today announced that an altitude of 62,500 feet (approximately 19 kilometers) was reached ...
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CLEAN AIR DAY: What's being done to tackle air pollution in Swindon? MOTORISTS are being urged to clean up their act and bring down air pollution levels in the town. The early months of lockdown demonstrated the adverse affect traffic on the roads has on air quality in Swindon – and on Clean Air Day people are being ...
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German energy company E.ON forms EUR250 million venture fund focused on smart grid tech The German energy company E.ON, which counts over 50 million commercial, residential, and industrial customers, has created a new EUR250 million ($265 million) investment fund called Future Energy Ventures to invest in "asset-light" tech startups.
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FactChecking the Vice Presidential Debate In the first and only vice presidential debate, Sen. Kamala Harris and Vice President Mike Pence parroted many of the false and misleading claims we have heard from the top of the tickets. Harris misleadingly said President Donald Trump's tax law benefited ...
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Amazon Fire TV Introduces Live TV Streaming in India Customers can access live channels including Sony SAB HD, Colors HD, SET HD, Nick HD+, Dangal, DD National, News18 India, MTV Beats HD, SONY BBC Earth HD, Mastii TV Music, and Discovery. Zee TV, Zee Cinema, and Zee News are expected to join ...
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