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Oil rises as hefty US crude draw outweighs COVID-19 demand concerns NEW YORK (Reuters) - Oil prices ticked up on Wednesday as a massive drawdown in U.S. crude inventories countered persistent concerns about the coronavirus pandemic continuing to hurt fuel demand. FILE PHOTO: Pump jacks operate in front of a drilling ...
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Triple Crown Of Earnings Season: Facebook, Apple, Tesla At The Starting Gate Later Fed meeting ends today with Powell press conference awaited. This afternoon investors can sit back and enjoy an earnings season triple crown. Tesla (TSLA), Apple (AAPL) ...
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EU and AstraZeneca fight over vaccine delays while death toll mounts London (CNN Business) A war of words between the European Union and AstraZeneca escalated on Wednesday as the two sides argued in public over coronavirus vaccine delays that threaten the bloc's fragile recovery from the pandemic. The dispute ...
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Plug Power stock sinks after upsized public offering prices at 11% discount Shares of Plug Power Inc. tumbled Wednesday, to pull back from a more than 15-year high, after the hydrogen-fuel company announced the sale of $1.8 billion worth of common stock to the public.
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Goldman Sachs CEO David Solomon gets $10 million pay cut over bank's role in 1MDB scandal Goldman Sachs, which saw its highest revenue in over a decade last year despite the coronavirus pandemic, admitted to wrongdoing during its time working for a now infamous Malaysian government development fund called 1Malaysia Development Berhad, ...
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Fed keeps rates near zero as economy struggles to recover from pandemic The Federal Reserve made no changes to interest rates Wednesday and downplayed any urgency to bring borrowing costs back up from their lowest levels in history, even with a light at the end of the coronavirus pandemic's long tunnel thanks to vaccines ...
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Accelerating Growth for Microsoft Azure Bodes Well for Cloud Software Sector Microsoft (ticker: MSFT) simply blew away Wall Street's expectations for the quarter, driven in part by the dramatic growth of its cloud business overall and by the Azure public cloud service in particular. Azure revenue was up 50% in the quarter, accelerating from ...
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Norfolk Southern 4Q profit up 1% even as railroad hauls less OMAHA, Neb. — Norfolk Southern's fourth-quarter profit improved slightly even though it hauled 1% less freight because the railroad controlled expenses tightly as the economy continued to slowly recover from last year's widespread shutdowns during the ...
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Analysts hope for post-Adelson details on Sands earnings call Gaming industry analysts from across the country will be listening intently for clues about the future operation of Las Vegas Sands Corp. during Wednesday's fourth-quarter earnings call, the first since the death of former Chairman and CEO Sheldon Adelson.
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In battle over GameStop stocks, two big players flinch (AP) - A David and Goliath saga is unfolding in financial markets over the stock price of struggling retail chain GameStop. On Wednesday, Goliath walked away from the battle. Two Goliaths, actually. A pair of professional investment firms that placed big bets ...
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Walmart to build more robot-filled warehouses at stores NEW YORK — Walmart is enlisting the help of robots to keep up with a surge in online orders. The company said Wednesday that it plans to build warehouses at its stores where self-driving robots will fetch groceries and have them ready for shoppers to pick ...
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AT&T Just Reported Earnings. Here Are the Numbers You Need to Know. AT&T saw a huge net gain in wireless subscribers for the fourth quarter, but it also offered guidance that calls for little to no growth in sales and earnings in 2021—likely much softer than investors had expected.
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Fiat Chrysler Agrees to Plead Guilty, Pay $30M in UAW Probe DETROIT (AP) — Fiat Chrysler Automobiles US has agreed to plead guilty and pay a $30 million fine for a corruption scandal at the union that represents its factory workers, authorities said Wednesday. Federal prosecutors in Detroit charged the company with ...
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Lime plans to add moped-sharing to scooter, bike services Wayne Ting, Lime's CEO, said the company chose Washington and Paris because it already operates fleets of bikes and scooters in those cities, whose local governments are amenable to new mobility options. "They're committed to showing there's something ...
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General Dynamics profit misses, but 2021 outlook boosts shares (Reuters) - Defense contractor General Dynamics Corp missed Wall Street estimates for quarterly profit and revenue on Wednesday, as its aerospace unit delivered fewer Gulfstream jets due to the COVID-19 pandemic, but 2021 revenue guidance sent shares ...
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Blackstone revenue jumps in Q4 During its Wednesday earnings call, officials at the publicly traded firm emphasized its holdings in logistics, suburban multifamily and life sciences — sectors which have performed well despite, or because of, the pandemic.
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Where to get Jeni's everything bagel ice cream — with cream cheese, garlic and onion — in Chicago Jeni's Splendid Ice Creams just released an everything bagel flavor Monday at its seven shops in Chicago and Oak Brook. Advertisement.
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Corning Reported a Strong Quarter and Outlook. The Stock Is Falling Anyway. For the quarter, Corning (ticker: GLW) posted "core" sales of $3.33 billion, up 17% from a year earlier and 11% from the third quarter, and ahead of the Wall Street analyst consensus at $3.19 billion. Non-GAAP earnings were 52 cents a share, up 13% from a ...
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Capital One Financial (COF) Q4 2020 Earnings Call Transcript As usual, we are webcasting live over the Internet. To access the call on the Internet, please log into the Capital One website at capitalone.com and follow the links from there. In addition to the press release and financials, we've included a presentation ...
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This car maker says it topped 300 mph once before. But it's not so easy to do it again On Wednesday, SSC announced it had gotten the car up to an average top speed of 283 miles an hour during two runs. But the attempt, completed on January 17, was made in much more difficult conditions than before. The car was driven by an amateur, rather ...
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This fucking Panera bread glove is proof that science has gone too far It's far worse. Panera's bread bowl-shaped glove, which was designed for ice coffee drinkers to hold their frosty beverages in comfort, is both a reality and a lie. The glove, touted as the Iced & Toasty Bread Bowl Glove, is more glove than bread as it contains zero ...
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COVID-19 Update: Pa. adds 5874 new cases, 222 more deaths In Allegheny County, the local health department reported 376 new cases of COVID-19 and eight additional virus-related deaths. Advertisement. The dates of the Allegheny death ...
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Canadian couple condemned for allegedly jumping vaccine line VANCOUVER, British Columbia — Public condemnation grew Wednesday over a wealthy Vancouver couple who allegedly flew to a remote Indigenous community in Yukon Territory to get vaccinated for the coronavirus. Marc Miller, Canada's federal ...
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Best beers of last year: Rochester, Finger Lakes brewers showcase resilience and talent This past year was odd, frustrating, sad, and weirdly uplifting. By spending so much time cooped up at home (I'm writing this column in my spare bedroom newsroom), I had little choice but to reevaluate what's important, what isn't and how fortunate I am.
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Stocks give up an early lead and end lower on Wall Street The S&P 500 slipped 0.1% after spending much of the day drifting between small gains and losses. Declines in banks, industrial companies and elsewhere pulled the market lower. Gains in some Big Tech companies, including Amazon and Facebook, helped ...
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IT contractor Perspecta strikes deal to be acquired for $7.1B Peraton, a Herndon government contractor owned by private equity firm Veritas Capital, will pay $29.35 per share to Perspecta shareholders in the all-cash, according to a press release. The price reflects a 49.7% ...
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Kraft launching candy-flavored Mac & Cheese for Valentine's Day Candy Kraft Mac & Cheese is made with "the same cheesy goodness" of the original but includes a candy-flavored packet to turn the macaroni and cheese pink and add a sweet candy taste, the company said.
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Philly Boston Market locations change to Nashville Market for new chicken sandwich PHILADELPHIA (WPVI) -- Boston Market is the latest restaurant to get in the fast-food "Chicken Sandwich Wars" and the chain is bringing some Tennessee heat. You may have noticed several Boston Markets in Philadelphia now have a sign calling ...
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Exclusive First Look at Richard Branson's Hyperloop Propulsion Pods With a never-before-seen passenger experience, Virgin Hyperloop promises speeds of up to 600 miles per hour, making a trip from L.A. to San Francisco in under 45 minutes. By Alyssa Giacobbe. January 27, 2021. people walking in train station.
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WATCH: Mount Pleasant mayor calls on Chick-fil-A for assistance with COVID-19 vaccine drive-thru The goal was to reach more residents who were eligible to receive the vaccine in a safe environment, much like has been seen with drive-thru COVID-19 testing sites. But when a glitch in ...
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Omega Included in 2021 Bloomberg Gender-Equality Index HUNT VALLEY, Md.--(BUSINESS WIRE)--Jan 27, 2021--. Omega Healthcare Investors, Inc. (NYSE: OHI) ("Omega") today announced that it is one of 380 companies across 11 sectors included in the 2021 Bloomberg Gender-Equality Index ("GEI"). "Omega is ...
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Knight-Swift: 4Q Earnings Snapshot PHOENIX (AP) _ Knight-Swift Transportation Holdings Inc. (KNX) on Wednesday reported fourth-quarter profit of $142.3 million. The Phoenix-based company said it had net income of 84 cents per share. Earnings, adjusted for one-time gains and costs, were ...
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Louis Vuitton, Dior Power LVMH's Sales Big fashion brands bolster results, while Champagne revenue falls amid pandemic. The results show how some of the marquee brands of luxury fashion have gained market share during the pandemic. Photo: Cyril Marcilhacy/Bloomberg News. By. Matthew ...
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Ex-Qualcomm executives launch Prospector Capital, raise $325M in SPAC stock sale Prospector Capital Corp. of San Diego sold 32.5 million shares at $10 each in upsized IPO earlier this month. The Special Purpose Acquisition Company is on the hunt for "companies with advanced and highly differentiated solutions for the technology sector," ...
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Median home prices on Long Island rose 8.4 percent in 2020 In more than 40 years of providing local real estate analysis to Long Islanders, last year was the first time that the median price for closed home sales exceeded $500,000. Nassau County reported an annual median home sale price of $575,000, a 7.5 percent ...
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FDA places all alcohol-based hand sanitizers from Mexico on 'import alert' Methanol, or wood alcohol can be toxic when absorbed through the skin and can be life-threatening if ingested. It is not an acceptable ingredient in hand sanitizer in the United States, according to the FDA.
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This coachbuilder turned a Ferrari into a polarizing homage to the 'Breadvan' The iconic Kammback design immediately became known as the "Breadvan" due to its resemblance to, well, a bread-van. Now Niels van Roij Design in the Netherlands has taken that theme and applied it to a 1990s-era 550 Maranello — one of the prettiest ...
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Activist investor launches proxy fight against Exxon Mobil Engine No. 1, a San Francisco-based investment firm founded by technology hedge fund veteran Chris James, on Wednesday nominated four candidates to join Exxon's board of directors. The four independent director nominees -- Gregory ...
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Wind River Debuts 5G vRAN Software Wind River today formally debuted its cloud-native 5G edge network middleware based on Kubernetes and containers. Wind River Studio, which provides operators with a platform to develop, deploy, operate, and manage 5G distributed edge clouds, is now ...
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Rollins: 4Q Earnings Snapshot Rollins Inc. (ROL) on Wednesday reported fourth-quarter net income of $62.6 million. On a per-share basis, the Atlanta-based company said it had net income of 13 cents. The results exceeded Wall Street expectations. The average estimate of three analysts ...
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You could stay overnight in the Lucy the Elephant Airbnb for Valentine's Day. Here's how. Lucy is a 139-year-old wooden elephant in Margate City, New Jersey. She is five miles from Atlantic City. Lucy is six stories high and is listed on the National Park Registry of Historical Landmarks.
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Ant Group plans revamp amid regulator pressure: Report BENGALURU : China's Ant Group Co Ltd is planning to refashion itself as a financial holding company under the supervision of China's central bank in the face of regulatory pressure, the Wall Street Journal reported on Wednesday. The fintech affiliate of ...
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Splashtop Pivots To Unicorn Status San Jose, California-based Splashtop took the scenic route to becoming a unicorn, but the remote work company hit the billion-dollar valuation mark with its closing of a $50 million funding round. Subscribe to the Crunchbase Daily. The round was led by ...
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Proposed tax changes for Louisiana oil and gas draw industry opposition Several lawmakers have said they would like to lower the severance tax rate but don't want to harm state finances by doing so. Upton on Tuesday told a legislative committee that state government could slash oil severance ...
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Could Jeffrey Epstein Have Played Leon Black So Easily? That might not have been the only challenge, of course. Epstein, who hanged himself in his Manhattan jail cell in 2019 after being charged with sex trafficking, had a sordid personal history that included prison time for soliciting prostitution from a minor.
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Red Cross blood drives set in Portage in February Make an appointment to give blood, platelets or plasma with the Red Cross by downloading the Red Cross Blood Donor App, visiting RedCrossBlood.org, calling 1-800-RED CROSS or enabling the Blood Donor Skill on any Alexa Echo device.
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