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Europe's Recession Contrasts Economic Fortunes of US Expansion Europe engaged in less aid and spent the first three months of the year caught in the second leg of a so-called double-dip recession, a reality confirmed on Friday by an official estimate showing that the eurozone economy contracted by 0.6 percent.
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Apple's App Store Draws EU Antitrust Charge Apple's App Store Draws E.U. Antitrust Charge. By forcing app developers to use its payment system and comply with other rules, regulators said Apple broke European Union competition laws.
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Dow down more than 200 points as hectic week of earnings comes to a close U.S. stocks fell Friday on the last trading day of the month, as one of the busiest weeks of the first quarter earnings reporting season comes to a close, with investors weighing blockbuster results from most large technology companies and good economic data, ...
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Intel seeks $10 bln in subsidies for European chip plant A spokesman for Intel confirmed the interview took place on Friday in Brussels, where Gelsinger met European Commissioner Thierry Breton for talks on semiconductor strategy. Gelsinger, ...
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Bristol Myers' Opdivo loses FDA panel's favor in liver cancer but squeezes out Merck's Keytruda in stomach cancer Merck & Co., Roche and Bristol Myers Squibb stepped up this week to defend six FDA approvals for their immuno-oncology drugs. They emerged from a three-day agency panel confab with backing for four of those nods—and rejections for the other two.
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AstraZeneca says on track to deliver on COVID shots as sales hit $275 million (Reuters) -AstraZeneca said its COVID-19 vaccine sales were $275 million in the first-quarter and it is on track to deliver 200 million doses a month from April, as better-than-expected results and a second half growth forecast boosted its shares.
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EasyJet and Virgin Atlantic call for re-opening of skies Most of Europe should be cleared for take-off under the government's planned easing of air travel restrictions, says EasyJet boss Johan Lundgren. His call not to delay the resumption of mass travel was echoed by Virgin Atlantic boss Shai Weiss. He said there ...
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The Googleplex of the Future Has Privacy Robots, Meeting Tents and Your Very Own Balloon Wall Now, the company that once redefined how an employer treats its workers is trying to redefine the office itself. Google is creating a post-pandemic workplace that will accommodate employees who got used to working from home over the past year and don't ...
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Credit Suisse's New Chairman Signals Possible Shakeup After Woes Credit Suisse Group AG Chairman Antonio Horta-Osorio said he plans a thorough assessment of the bank's "strategic options" after the twin hits from the collapse of Archegos Capital Management and Greensill Capital eroded confidence. While he backed ...
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Today's mortgage refinance rates increase | April 30, 2021 The average 30-year fixed-refinance rate is 3.17 percent, up 3 basis points from a week ago. A month ago, the average rate on a 30-year fixed refinance was higher, at 3.34 percent.
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YouTube TV Pulled From Roku as Dispute Escalates The two companies have been arguing over data, search and other issues. The dispute between Roku and YouTube has escalated. On Friday morning, Roku said that the YouTube TV app has been removed ...
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Exxon, Chevron Reap Biggest Cash Haul in a Year on Oil Rally Exxon Mobil Corp. and Chevron Corp. generated the most free cash flow in more than a year as economies around the world claw their way out of lockdowns, boosting energy demand. Rallying crude prices and demand for chemicals used in plastics more ...
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A Grudge Match in Japan: One Corner, Two 7-Elevens The unusual pairing is the latest manifestation of a grudge match between one of Japan's most powerful companies and, arguably, one of its most stubborn men. Mitoshi Matsumoto, a franchisee, ran one of the ...
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FDA panel votes to maintain four of six indications for checkpoint inhibitors under review The panel voted against maintaining a gastric cancer indication for pembrolizumab (Keytruda, Merck) and a hepatocellular carcinoma indication for nivolumab (Opdivo, Bristol Myers Squibb). The Oncologic Drugs Advisory Committee voted ...
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Hollywood Super-Agent Emanuel Cashes In With Endeavor Group IPO Ari Emanuel, the brash Hollywood power player immortalized by Jeremy Piven in the HBO series "Entourage," has finally secured his coveted role for his #1 client: himself. The part he landed: The ultra-wealthy head of a publicly traded company. Shares of ...
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US Consumer Sentiment Climbs in April to Fresh Pandemic High Discover what's driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here. U.S. consumer sentiment continued to strengthen in late April, adding to signs that household ...
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How AbbVie Beat Expectations Again in Q1 Humira is still the main star for now, but the company's newer drugs are gaining momentum. Keith ...
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US Steel Is Retreating From Greatest Rally in a Generation The American steelmaker is choosing to pay down debt instead of return money to shareholders and is also scrapping a $1.3 billion plan to revitalize its Mon Valley Works, one of its oldest steel mill operations near Pittsburgh, just as demand for the industrial ...
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3 Warren Buffett Stocks Worth Buying Now For some investors there's a certain thrill in finding your own stocks to buy. For other investors, punting this duty to a proven expert is not only smart, but a time-saver too. And if you're part of this latter group, Warren Buffett's Berkshire Hathaway (NYSE:BRK.
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A boulder-shaped house made from 3D-printed concrete is ready for its first tenants A Dutch couple have become the proud new tenants of the country's first ever 3D-printed house. Elize Lutz and Harrie Dekkers have been given the digital key to the gray, boulder-shaped building in the Bosrijk neighborhood of Eindhoven, in the southern ...
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US Builders Produced Record Share of Homes With Market on Fire Homebuyers frustrated with bidding wars are turning to new construction, which now comprises the biggest share of the property market in U.S. history. In the first quarter, homebuilders produced roughly 1 out of every 4 single-family home listings, the biggest ...
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US inflation picks up in March, with core prices rising 0.4%, headline rate up 2.3% for year Economists polled by the Wall Street Journal expected a 0.3% gain in the core rate. The strong March gains combined with "base effects" pushed heading inflation up 2.3% over the past year from 1.5 ...
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'It's highway robbery': Tesla's price increases on solar shingles irk customers. Tesla's solar ambitions date to 2015 when it announced that it would sell panels and home batteries alongside its electric cars. A year later, Elon Musk, the company's chief executive, promised that Tesla's new shingles would turbocharge installations by ...
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Charter spotlights growth opportunities around upselling, RDOF Charter Communications CEO Tom Rutledge highlighted the company's potential to upsell broadband customers as data usage grows but noted it didn't yet feel the need to pursue a rollout of symmetrical capabilities. During an earnings call, Rutledge said it ...
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TikTok Names ByteDance's Chew as New CEO; Pappas Named COO TikTok, the popular short-video app, has named ByteDance Ltd. Chief Financial Officer Shouzi Chew as chief executive officer, filling the top leadership position after the departure of Kevin Mayer last year. Vanessa Pappas, who has served as interim head, ...
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Best Undervalued Stocks To Buy? 4 EV Stocks To Know Should Investors Buy These Electric Vehicle Stocks Right Now? Electric vehicles are racing to capitalize on the shift towards battery-powered cars, and EV stocks have been keeping pace. After such a monstrous ...
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Skyworks Shares Fall Despite Earnings Beat. Investors Wanted More. Skyworks Solutions (ticker: SWKS) reported fourth quarter revenue of $1.17 billion, up 53% from a year ago, and slightly ahead of the Street consensus at $1.15 billion. Non-GAAP profits of $2.37 a share were two pennies ahead of the Street. On a GAAP basis, ...
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Why Cirrus Logic Shares Tumbled Today The designer of audio controllers and mixed-signal processing chips saw fourth-quarter sales fall 5% year over year to $293.5 million. Adjusted earnings slid from $0.68 to $0.66 per diluted share. Your average analyst had been looking for earnings near $0.71 ...
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Consumer spending soars in March after Americans get $1400 stimulus checks The numbers: Consumers splurged on new cars, recreational goods and takeout food in March after most Americans received $1,400 government stimulus checks, giving a big shot in the arm to an economy still recovering from the coronavirus pandemic.
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As Indian Point Goes Dark, New York Races to Swap Nuclear With Wind Shutting down the long-troubled nuclear plant will mean replacing zero-emission electricity with natural gas—for now. By. Eric Roston. and. Will Wade. April 30, 2021, 2:00 AM PDT. A view of Indian Point nuclear power plant in 2008 along New York's Hudson ...
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Sempra Energy Named One Of 'America's Best Employers For Diversity' By Forbes "Consistent with that commitment, we believe that advancing diversity and inclusion helps to shape an innovative workforce, where employees are encouraged and empowered to be their authentic selves. This is critical to elevating performance and allowing ...
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Universal: Fresh facts, photos for VelociCoaster Universal Orlando has released a few more facts and images regarding Jurassic World VelociCoaster, the roller coaster scheduled to debut at Islands of Adventure theme park on June 10. Once in the attraction's queue, visitors will be able to look into a raptor ...
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Shrimp and Beer Are the New Tequila and Tacos This Cinco de Mayo Editor's Note: As more people are working from home, Bloomberg Pursuits is running a weekly Lunch Break column that highlights a notable recipe from a favorite cookbook and the hack that makes it genius. This looks like a good year for fans of Cinco de ...
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Pfizer, BioNTech seek EU's OK to use COVID vaccine on kids LONDON — Pfizer Inc. and BioNTech have submitted a request to the European drug regulator for the approval of their coronavirus vaccine to be extended to include children 12 to 15 years old, in a move that could offer younger and less at-risk populations in ...
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Twitter Stock Is Falling Even Though Its Earnings Beat Expectations. Here's Why. The social media platform failed to assure investors after revenue expectations for the second quarter didn't match those estimated by analysts. Next. link.
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Earnings Lift Restaurant Brands; Its CEO Says It's a Post-Pandemic Growth Story Shares of Restaurant Brands (ticker: QSR) were up 0.8%, to $68.32 in midday trading. The stock has gained nearly 15% year to date and is up more than 45% in the past 12 months.
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Prospect withdraws application for change in ownership of Roger Williams, Fatima hospitals Prospect Medical Holdings, the California-based hospital chain that owns the two Rhode Island hospitals, was seeking state approval to let private equity firm Leonard Green sell its majority stake in the company to the other owners. Four other states have ...
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Chicago business activity index leaps in April to highest level since late 1983 Other regional manufacturing surveys have been strong in April. The Institute for Supply Management will release its closely watched ISM manufacturing report for April on Monday. Advertisement. In Chicago, new ...
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Biden's Labor Chief Walsh Weighs Employee Status for Many Gig Workers President Joe Biden's top labor official said most gig workers in the United States should be classified as "employees" deserving of related benefits, in what could be a policy shift that is likely to raise costs for companies that depend on contractors such as ...
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GM to install advanced diagnostic software in all Chevy Bolts as recall fix The fix is a little more complicated than simply ripping out battery packs en masse and bolting in new ones. Instead, GM technicians will use newly created diagnostic equipment to quickly detect battery modules that aren't behaving correctly so that only replaces ...
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US Silica Holdings, Inc. Announces First Quarter 2021 Results Bryan Shinn, Chief Executive Officer, commented, "I am pleased with our strong financial and operational performance during the first quarter. We delivered impressive results which exceeded both revenue and Adjusted EBITDA expectations. Our ...
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LLBean will add seven stores, return to 24/7 at Freeport flagship File Photo / Courtesy L.L.Bean L.L.Bean Inc., the Freeport-based outdoor gear and clothing retailer, will return to 24/7 operations at its flagship store starting Monday, May 3.
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Mother's Day in Rochester: Ideas for brunch, takeout, goodies and more Avvino will host a three-course plated brunch at The Wilder Room, 120 East Ave., which will include live jazz music. Among the entrée options will be chicken and waffles with black truffle honey; and a vegan cauliflower club sandwich. The cost is $69 for adults, ...
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Chile state miner Codelco sees profits soar on rising copper price SANTIAGO, April 30 (Reuters) - World top copper producer Codelco saw profits soar to $1.63 billion in the first quarter of 2021, the company said on Friday, boosted by a dramatic spike in the global price of the red metal. Codelco reported it had produced ...
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With delivery surging, Domino's aims to improve carryout Net income at Domino's Pizza, Inc. in the first quarter ended March 28 totaled $117.8 million, equal to $3 per share on the common stock, down 3% from $121.6 million, or $3.07 per share, in the same period a year ago. Net sales increased 11% to $983.7 ...
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Bill allowing matching retirement plan contributions for student loan payments floated Sen. Ron Wyden, D-Ore., is the chairman of the Senate Finance Committee. A bill allowing workers to make student loan payments while ...
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Volkswagen's gag falls flat as the SEC begins an inquiry. Volkswagen's American unit was only kidding when it put out the word late in March that it was changing its name to "Voltswagen" to show its commitment to electric vehicles. To say the April Fool's joke didn't land is an understatement. Now the misfired ...
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Ford Q1 Robust, But Chip Shortage Clouds Outlook With shortages of semiconductors worsening, Ford is bracing for a drop in production of up to 50% during the second quarter, CEO Jim Farley says. "The second quarter is going to be the trough of semiconductor shortage," Farley (pictured, below left) says ...
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Surging corn prices, high demand push wheat near $8 a bushel Wheat hovered near $8 per bushel on the Portland market this week, and experts say they aren't sure how high prices will go, or for how long. The increase is partly a reaction to higher corn prices and a tighter wheat supply, said Dan Steiner, grain ...
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Casey's antitrust ruling: Why the Ankeny chain must sell some gas stations as it buys even more Specifically, Federal Trade Commission regulators worried that the merger would cut down too much on competition in six areas it defines as "markets" — five in Nebraska and one in Council Bluffs.
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