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Fed keeps policy steady as Biden inches closer to victory WASHINGTON (Reuters) - The Federal Reserve kept its loose monetary policy intact on Thursday and pledged again to do whatever it can in coming months to sustain a U.S. economic recovery losing speed amid a spreading coronavirus pandemic and ...
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Oil falls amid European lockdowns, US election uncertainty NEW YORK (Reuters) - Oil prices fell nearly 1% on Thursday, weighed down by the steady rise in coronavirus infections and as the outcome of the U.S. presidential election had still not been settled. FILE PHOTO: Rows of steam generators line a road at the ...
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Dow on track for best week since April as election rally gains steam Stocks rallied for a fourth day Thursday as Democrat Joe Biden edged closer to victory in the presidential race and Republicans appeared likely to hold the Senate, raising the odds of continued split government. "I think we're getting closer to clarity," says J.J. ...
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Hanesbrands earnings beat expectations but weak guidance sinks stock Hanesbrands' new chief executive, Stephen Bratspies, said the company is conducting an "in-depth review," which is looking at the global portfolio, supply chain and other business segments. Bratspies, ...
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Shell decides to shutter the Convent oil refinery; hundreds of jobs lost The Shell oil refinery in Convent, which sits midway between Baton Rouge and New Orleans, is shutting down after the company tried to sell it without success. The Convent refinery employs 700 Shell workers and 400 contract workers. It sits on 4,400 acres ...
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Roku delivers surprise profit and large revenue beat, but stock falls Roku Inc. reported a surprise profit as well as revenue that easily exceeded expectations, but shares dipped in late trading Thursday. Shares of Roku ROKU, +4.34% were off about 2% in after-hours trading. Advertisement. The company reported third-quarter ...
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Veterans Health Administration takes steps to 3D print medical devices The Veterans Health Administration is building up processes to 3D print its own medical devices, striking a new contract with a 3D printing company. Under the contract, the Veterans Health Administration will purchase 3D printers, software and other printing ...
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Uber earnings continue to recover, CEO signals intent to expand new driver model after election win After victory in California election, CEO says that Uber will now advocate for a similar system of treating drivers as contractors elsewhere. Email icon; Facebook icon; Twitter icon; Linkedin icon; Flipboard icon. Print icon; Resize icon ...
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Famed luxury carmaker Bentley to go fully electric by 2030 Bentley plans to exclusively offer plug-in hybrid and electric vehicles by 2026 and fully electric models by 2030. The Volkswagen-owned company will offer two unnamed plug-in hybrid models starting next year. The first full-electric vehicle is expected in 2025.
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Thanksgiving to-go? This might be the year for it. Here are some options. Call me a traditionalist, but I'm usually against ordering out for Thanksgiving. It's my favorite holiday, because I love puttering around the kitchen with my loved ones, creating a comforting meal that we all enjoy together. But this year, many of us won't have that ...
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Gene therapy for Duchenne muscular dystrophy: Nearing final tests Editor's note: BioPharma Dive, as part of its newly launched Gene Therapy Weekly (subscribe), is taking a closer look at inherited diseases for which researchers are developing genetic medicines. We aim to give a brief overview of the gene therapy pipeline ...
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Why Endeavour Silver Stock Rallied as Much as 15.5% in Early Trading Today The precious metals miner posted its third-quarter report, and investors were pleased with the results. Reuben Gregg Brewer. (TMFReubenGBrewer). Nov 5, 2020 at 11:26AM. Author Bio. Reuben Gregg Brewer believes dividends are a window into a ...
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Black Creek buys Davie apartments for $79M Real estate management firm Black Creek Group bought a 340-unit apartment complex in Davie for $79.1 million. Black Creek, based in Denver and led by CEO Raj Dhanda, bought the complex at 11000 Cameron Court for about $233,000 a unit, according ...
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Vimeo raises $150M, while IAC is 'contemplating' a spin-off Vimeo has raised $150 million in new equity funding, announced in conjunction with the third quarter earnings of its parent company IAC. In a letter to shareholders, IAC CEO Joey Levin said the company has "begun contemplating spinning Vimeo off to our ...
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Why Zynga Stock Is Getting Clobbered Today Shares of Zynga (NASDAQ:ZNGA) are getting clobbered today, down by 9% as of 12:45 p.m. EST, after the company reported third-quarter earnings. The COVID-19 pandemic has boosted demand for mobile games and helped drive revenue to record levels ...
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Cardinal Health adds $1B to settle opioid claims, projects strong pandemic recovery Cardinal Health Inc. is reporting a strong recovery from financial impacts of the coronavirus pandemic, but also has added $1 billion to its estimated share of settling opioid lawsuits, driving a first-quarter loss. The Dublin-based company reported $39.1 billion ...
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Volvo Trucks launches a complete range of electric trucks starting in Europe in 2021 GOTHENBURG, Sweden, Nov. 5, 2020 /PRNewswire/ -- Next year, hauliers in Europe will be able to order all-electric versions of Volvo's heavy-duty trucks. This means that Volvo Trucks will offer a complete heavy-duty range with electric drivelines starting in ...
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Atlanta-based SweetWater Brewing sold to Canadian cannabis company ATLANTA — Atlanta-born SweetWater Brewing announced on Wednesday they are in the process of being sold to a cannabis company. Aphria Inc, based in Leamington, Ontario announced they will purchase the brewery, located on Ottley Dr. in Northeast ...
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Nestle uses insect protein in Purina pet food LONDON/ZURICH (Reuters) - Nestle's Purina brand is launching a line of pet food using insects, as the world's biggest food group tests more environmentally sustainable protein sources. FILE PHOTO: The company's logo is seen at a Nestle 1lant in ...
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Terminix to pay $60M in restitution for unfair business practices A pest control company will have to pay $60 million to the state of Alabama in response to alleged unfair business practices that targeted Alabama consumers. The state reached the settlement with Terminix International following an investigation that revealed ...
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SWEPCO to retire Pirkey Power Plant in Hallsville in 2023 AEP Southwestern Electric Power Co. will retire the H.W. Pirkey Power Plant in Hallsville in 2023 and cease coal operations at a plant in Pittsburg, the utility announced today. The company's compliance plans for two recently revised environmental ...
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Charlton's Tree House Brewing getting a place on the Cape With business booming, Tree House Brewing Company is embracing the New England dream: a home on the Cape. "Tree House, on a deck, overlooking the bay, on Cape Cod - Does it get more awesome than that?" a page on the Tree House website ...
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San Francisco Voters Approve Higher Taxes for Big Businesses San Francisco voters approved several tax measures targeting big businesses and property owners in an effort to address economic disparity exacerbated by the coronavirus pandemic. More than 65% of voters approved placing a new additional tax on San ...
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Duke Energy beats analysts' Q3 expectations despite weaker sales during pandemic Duke Energy Corp. beat analysts' expectations for third quarter earnings despite lower energy sales due largely to the Covid-19 pandemic. Cost control measures and the impact of rate increases helped offset the lower sales. The company also saw income ...
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US Postal employee accused of hiding mail intended for delivery in his vehicle BUFFALO, N.Y. — A United States Postal Service employee is accused of hiding and destroying mail, including some absentee ballots. According to the criminal complaint, The USPS Office of Inspector General received a complaint from the National Law ...
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US Steel will restart Keetac U.S. Steel announced Thursday that it would be restarting the Keetac mine and pellet plant in Keewatin but did not immediately provide a timeline to resume operations. The facility has been indefinitely idled since May, leaving 375 employees out of work after ...
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Texas has more COVID hospitalizations than any other state, data shows SAN ANTONIO – Texas is seeing another spike in coronavirus-related hospitalizations, according to the COVID Tracking Project. The organization reports that Texas reportedly has the highest number of hospitalized patients out of all 50 states. Data shows ...
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14 Northeast Ohio Pet Valu stores will close Retail store chain Pet Valu has launched a 20% off sale as it begins winding down operations of its 358 stores in the U.S., including plans to shut its warehouses and its Wayne, Pa., headquarters. The small format retailer entered the Northeast Ohio market in ...
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Here's Why Coupa Software Stock Jumped Today Shares of Coupa Software (NASDAQ:COUP) skyrocketed this morning after the company announced that Walmart is expanding its use of Coupa's software. The tech stock was up by as much as 13% this morning and had gained 11.1% as of 11:04 a.m. EST.
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Dow's nearly 500-point rally led by gains in shares of Caterpillar, Dow Inc. Shares of Caterpillar and Dow Inc. are posting strong returns Thursday morning, leading the Dow Jones Industrial Average rally. The Dow DJIA, +2.13% is trading 498 points, or 1.8%, higher, as shares of Caterpillar CAT, +5.80% and Dow Inc. DOW, +5.81% ...
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Twin River OK'd to run Bally's and renovate it quickly ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators gave approval Thursday to a Rhode Island company to operate Bally's casino and quickly invest in renovations and repairs to Atlantic City's poorest-performing gambling hall. The New Jersey ...
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Cost of Living Adjustments Don't Pack the Same Punch if You Claim Social Security Early Cost of living adjustments (COLAs) are periodic raises Social Security beneficiaries receive. These COLAs are vital to the financial security of retirees, many of whom depend on Social Security as a major source of retirement income. Without the adjustments ...
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China buys US sorghum as corn prices rally CHICAGO, Nov 5 (Reuters) - The U.S. Agriculture Department on Thursday morning said that Chinese buyers booked deals to buy 106,000 tonnes of sorghum, part of the country's ramp-up of feed grain imports. It was the first so-called "flash sale" of sorghum ...
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Cinemark Follows AMC in Seeing Movie Theater Revenue Evaporate The fallout from the coronavirus pandemic continues to ravage the movie theater industry as Cinemark Holdings (NYSE:CNK) reported third-quarter financial results Thursday that showed its revenue has all but vanished. The theater operator said total ...
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Peace Coffee closing 2 downtown locations, will refocus on wholesale Peace Coffee has announced it will "shift away" from its retail coffee shops, closing its two locations in downtown Minneapolis as it focuses on its wholesale coffee bean business. One of its locations – Wonderland Park at 3262 Minnehaha Ave. – will be taken ...
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GM says pickup truck production will return to Oshawa plant with new Unifor deal TORONTO — General Motors Corp. plans to reopen its Oshawa, Ont. assembly plant, invest up to $1.3 billion in the facility and hire up to 1,700 workers, the union Unifor said Thursday. The tentative three-year deal with GM, which has not yet been approved ...
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Australia makes COVID-19 vaccine supply agreements with Novavax and Pfizer The Australian Government has inked an agreement with Novavax for 40 million COVID-19 vaccine doses; and with Pfizer/BioNTech for 10 million doses. The government expects the two vaccines will be available in Australia from early to mid-2021: subject to ...
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Strong Demand for Miniaturized Electronic Devices to Boost the Lithography Metrology Equipment Market | Technavio LONDON--(BUSINESS WIRE)--Nov 5, 2020--. The global lithography metrology equipment market size is poised to grow by USD 481.82 million during 2020-2024, progressing at a CAGR of about 7% throughout the forecast period, according to the latest ...
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Best Nursing Homes In Illinois: US News Releases 2020 List ILLINOIS — As health care facilities continue to face an ongoing battle against the coronavirus, several nursing homes in Illinois were recognized this week for providing outstanding care in the months leading up to the pandemic, according to a new ranking ...
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Weekly storage of natural gas in US down 0.9 pct: EIA HOUSTON, Nov. 5 (Xinhua) -- Working gas storage in the contiguous United States was 3,919 billion cubic feet (about 110.97 billion cubic meters) in the week ending Oct. 30, a net decrease of 36 billion cubic feet, or 0.9 percent, from the previous week, the ...
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