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US core capital goods orders rise strongly in boost to business investment WASHINGTON (Reuters) - New orders for key U.S.-made capital goods increased for an eighth straight month in December, pointing to solid growth in business spending on equipment in the fourth quarter and likely helping to underpin the economic recovery ...
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Fact check: The COVID-19 vaccine is not a placebo A social media post with a list of claims linked to a purported "game plan" behind the COVID-19 pandemic has been viewed thousands of time online. The list includes the false suggestion that the vaccines that have been developed to combat the disease are ...
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Trading frenzy in AMC stock may stave off bankruptcy but cinema operator still faces years of recovery The trading frenzy that has propelled the shares of AMC Entertainment Corp. up more than 600% in the year to date may have saved the cinema operator from bankruptcy but the company is still facing formidable challenges after being hammered by the ...
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EU Fails to Resolve Vaccine Dispute on AstraZeneca's UK Supply The European Union failed to resolve its row with AstraZeneca Plc over vaccine supplies, raising the risk of additional delays to the bloc's sluggish inoculation campaign and putting the drugmaker on a collision course with 27 governments. "We regret the ...
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Shoring Up Social Security According to projections that the Social Security Board of Trustees released last April, starting in 2021 the program's annual costs will exceed its income from employee and employer payroll taxes and interest earnings. Once the program turns that ...
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Gamestop: 'Failing' firm soars in value as amateurs buy stock But its share price soared another 120% in Wednesday trading in New York. Analysts blame tech-savvy young day traders, who they say are taking on hedge funds in a conflict ...
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Brewer's Jump to Walgreens Mean Women CEOs Rule US Pharmacies "That's something that always surprised me: That drug retail has been run by men when primarily their customer base is female," said Lisa Gill, a health-care analyst who covers Walgreens, CVS Health Corp. and Rite Aid Corp. at JPMorgan Chase & Co.
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Gold ends lower as US dollar strengthens; prices hold ground after Fed policy update Gold futures suffered a fifth consecutive session of declines, with strength in the U.S. dollar pressuring prices for the dollar-denominated metal. Prices then made modest moves in electronic trading shortly after a statement by the Federal Reserve on monetary ...
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Today's Mortgage Refinance Rates -- January 27, 2021: Rates Come Down The average 30-year refinance rate today is 2.912%, down 0.007% from yesterday. At today's rate, you'll pay principal and interest of $417.09 for every $100,000 you borrow. That doesn't include added expenses like property taxes and homeowners insurance ...
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General Dynamics CEO Says Electric Boat Ready To Meet 'Increased Demand' for Submarines With a multi-billion dollar contract for the Virginia Block V program, the company's Marine Systems business hit revenue records in Fiscal Year 2020. While the Trump administration forecasted more submarine work in the coming years, ...
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Health care inequities focus of Michigan State University, Henry Ford Health System partnership Both institutions are committed to aligning efforts across departments and programs to achieve critical health care and educational goals, while addressing social issues that impact health outcomes for patients, according to a Henry Ford Health System news ...
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Blackstone's earnings surge on strong asset sales NEW YORK (Reuters) - Blackstone Group Inc, the world's largest manager of alternative assets, said on Wednesday its fourth-quarter distributable earnings rose 60% year-on-year, driven by a surge in asset sales across its private equity and real estate ...
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Tesla set to report Q4 earnings after the bell Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. U.S. electric car company Tesla in 2019 built its first Gigafactory outside the United States in the new Lingang area, with a designed annual production capacity of 500,000 units.
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Schafer: Why 'blank check' companies are all the rage Back before Omar Ishrak retired last year as the chief executive of Medtronic PLC, run out of Fridley, it's unlikely the board ever gave him $150 million to buy whatever he wanted. Yet Medtronic seems ready to give that to him now that he's the co-founder and ...
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Pfizer's Xeljanz fails RA safety study, making a tough rivalry with AbbVie's Rinvoq even tougher Pfizer has had a tough couple of years marketing its rheumatoid arthritis drug Xeljanz, as regulatory agencies have slapped warnings on the JAK inhibitor about potential cardiovascular side effects and cancer risk. A ...
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AT&T holds onto wireless customers, adds 800K postpaid phone subs in Q4 AT&T's focus on customer retention and strong promotions seems to be paying off as the carrier reported near-record low churn in the fourth quarter, alongside 800,000 net phone postpaid additions. In ...
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Planes, trains and cars had low traffic in 2020 but the Port Authority had one money maker One word also sums up the reason —coronavirus. COVID-19 was blamed for precipitous declines at all Port Authority facilities except one – the Port. Officials are predicting a $3 billion revenue loss by March ...
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Jack Grundhofer, the banker who built US Bancorp in the 1990s, has died John "Jack" Grundhofer, who as the leader of First Bank System in the 1990s oversaw dozens of acquisitions that turned the Minneapolis company into U.S. Bancorp, one of the nation's largest banks, has died. Grundhofer, 82, died at his home in Indian Wells, ...
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Watch the Tesla Q4 Earnings Call Webcast After Closing Bell Tesla will report its fourth-quarter earnings on Wednesday, Jan. 27, after markets close. The earnings call could propel the stock even higher. Author: Vidhi Choudhary; Publish ...
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Alibaba in Spotlight as China Scrutiny Pushes Ant to Explore Sale of US Biometric Security Firm An employee works in the warehouse of Cainiao Smart Logistics Network, the logistics affiliate of Alibaba, in Wuxi, China's eastern Jiangsu province on Nov. 6, 2020. HECTOR RETAMAL/AFP/Getty ...
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NextEra to add up to 30 GW new renewables in next 4 years, target more C&I customers The company's power development and marketing arm, NextEra Energy Resources, commissioned approximately 5,750 MW of new wind, solar and battery storage projects in 2020 while adding a net of nearly 7,000 MW to its renewables backlog, increasing it ...
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SBA finds 'anomalies' in hundreds of thousands of small business relief loans Those reviewing the program's loan records, which were released in December after a court ordered they be made public, have also noted that they are rife with errors, like inaccurate loan amounts or loans that were canceled before being disbursed.
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For hotels, pandemic scars run deep despite 'reopening' JACKSONVILLE — With the start of vaccine distribution offering a glimmer of hope that life soon may return to something approaching normal, the hard-hit hotel and travel industry is hoping for a cure for its ailing occupancy and employment numbers.
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Prisma Health to create regional COVID-19 recovery units The recovery units would allow local hospitals to alleviate internal capacity by transferring patients to one of the regional recovery units. Current recovery sites include:.
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Minnesota's extension for expired driver's licenses is ending soon The state extended expiration dates due to the pandemic, but that ends next month. Credit: Minnesota DPS.
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Bay Area apartment rents rise for first time since coronavirus outbreak, report says Apartment rents rose across San Francisco, San Jose and Oakland in January, the first price growth since the coronavirus pandemic erupted last spring, according to a new report. San Francisco's one-bedroom median rent was up 0.8% to $2,680 per month ...
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UniCredit designates investment banker Orcel as new CEO MILAN (AP) — Italian bank UniCredit said Wednesday that Andrea Orcel, one of Europe's leading investment bankers, will replace outgoing CEO Jean Pierre Mustier, who offered his resignation last month over strategic differences with the board. Orcel ...
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Godiva is closing all its US stores. Farewell, fancy mall chocolate. Many of New Jersey's malls will soon be without their resident fancy chocolate shops. Luxury chocolatier Godiva announced this week it would be closing or selling all of its 128 brick-and-mortar shops in the United States and Canada by the end of March.
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Kraft Debuts Hot Pink Mac and Cheese for Valentine's Day — and It Tastes Like Candy Kraft announced the Candy Mac on their Instagram page, and like any controversial new food, fans had a lot to say in the comments. Many people were super intrigued commenting, "Omg! I need to know what this tastes like. ," and "WOW I need this in my life ...
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MidMichigan Health will ease visitor restrictions Jan. 27 With COVID-19 cases in hospitalizations and the community decreasing, MidMichigan Health is easing its visitor restrictions beginning Jan. 27. The medical center inpatient units visiting hours will be from 8 a.m. to 8 p.m. The behavioral health units hours ...
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2022 Hyundai Tucson N-Line First Look: Sportier Looking, Not Any Sportier Up front, the Tucson wears a more aggressive grille and slightly redesigned front bumper with a marginally larger lower central air intake and a bright silver skid plate. Out back there's a new roof spoiler and fresh exhaust outlets poking out from underneath the ...
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Fuccillo sells 5 auto dealerships in Syracuse, Rochester SYRACUSE (TNS) — Auto mega-dealer Billy Fuccillo has sold his three dealerships in the Syracuse area and two in the Rochester area to Vestal-based Matthews Auto Group. Matthews announced Wednesday it has acquired Fuccillo Kia and Fuccillo Nissan ...
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France's Sanofi to help rival Pfizer-BioNTech make vaccines PARIS – In an unusual and potentially groundbreaking decision, French drugmaker Sanofi said Wednesday it will help bottle and package 125 million doses of the coronavirus vaccine developed by its rivals Pfizer and BioNTech, while its own vaccine ...
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Chicago Man Sold COVID-19 Stimulus Checks Stolen From Mail, Feds Say A Chicago man is facing federal charges after allegedly conspiring with a postal service carrier to steal coronavirus relief checks and sell them to others. Akeem Kosoko, 26, is charged with one count of conspiracy to steal mail and government funds, three ...
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Ochsner Lafayette General names new president/CEO Patrick Gandy, OLG's current COO will take the reins of the organization on March 1 as current CEO David L. Callecod transitions to his new position as executive advisor for Ochsner Health. In his new role ...
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Dunkin' rolls out holiday items, announces wedding giveaway contest for Valentine's Day CANTON, MASS. (WHDH) - Dunkin' on Wednesday announced the return of some popular holiday menu items and a chance for couples to win a wedding ceremony in celebration of Valentine's Day. Today through the end of February, Dunkin' customers can ...
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Lisa Su: Shortages Constrained AMD's Record 2020 And Will Continue 'It's fair to say that the overall demand exceeded our planning, and as a result, we did have some supply constraints as we ended the year,' AMD's CEO says. Shortages for the company's processors are expected to continue through the first half of 2021 as ...
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Capital One's Q4 profit up on lower provisions Capital One Financial Corp. logged a big increase in profit from a year ago as the company recorded a much smaller provision for credit losses in its fourth quarter. Profit at Capital One more than doubled to $2.57 billion. The company's earnings were $5.35 a ...
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General Dynamics: 4Q Earnings Snapshot The defense contractor posted revenue of $10.48 billion in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $10.85 billion. For the year, the company reported profit ...
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Emerging Markets Bond ETFs Ripe for Active Management EMBD aims to provide investors with strategic exposure to the growing universe of emerging market debt. With a total market size of $26 trillion, emerging market debt represents more than 20% of the global bond market and is a common fixture in income- ...
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What is Mets owner Steve Cohen's involvement in GameStop stock drama? The GameStop stock drama has been the buzz all over the financial world in recent days and somehow, the New York Mets, have found a way to be involved. Without getting too much into the weeds, essentially a bunch of Redditors noticed the GameStop ...
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Starship Technologies raises $17m, bringing total funding to $102m "Goodyear Ventures is very excited to join Starship's journey as it revolutionises the autonomous delivery space," said Abhijit Ganguly, senior manager, Goodyear Ventures. "Goodyear's trusted services footprint combined with its ...
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South Dakota To See Covid-19 Vaccine Allotment Expand To Over 12000 Per Week PIERRE — South Dakota is continuing to see a downward trend in cases of Covid-19. However, State Epidemiologist Dr. Josh Clayton says there's a foot note to those falling numbers… Audio Player.
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Las Vegas Sands Appoints Robert Goldstein As Permanent CEO Patrick Dumont has been named President and Chief Operating Officer, and Randy Hyzak will now serve as Chief Financial Officer. Dumont previously served as EVP and CFO and Hyzak was Chief Accounting Officer.
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Evans Fruit receives $150000 fine for workplace COVID violations The state Department of Labor & Industries has issued a $150,000 fine to a Yakima Valley fruit grower and processor for violating COVID-19 workplace requirements, the agency said Wednesday in a news release. L&I said it issued two citations to ...
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SEE IT: Crook smashes window of Mac Shack in Brooklyn, swipes $245 in cash Surveillance video shows a burglar breaking into a Brooklyn mac and cheese joint and taking more than $200 in cash. The caught-on-camera break-in at the Mac Shack in Clinton Hill happened around 5:30 p.m. Monday, police said. Advertisement.
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Virgin Hyperloop: incredible video shows how people will ride 700 mph tube The futuristic pod transit system has taken a step forward, following its successful passenger test.
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