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Colonial Pipeline's Computer Network Temporarily Goes Dark Colonial Pipeline, the crucial U.S. pipeline that's been trying to recover from a debilitating criminal hack, restored a vital communications system that failed and temporarily left customers in the dark about fuel shipments. The computer system that allows oil ...
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Shell in talks with Nigeria to divest onshore oil stakes Royal Dutch Shell (RDSa.L) is in talks with the Nigerian government to sell the Anglo-Dutch company's stake in onshore oilfields, CEO Ben van Beurden said on Tuesday. Shell, the operator of the West African country's onshore oil and gas joint venture SPDC ...
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Oil slides from 2-mth high on report of potential Iran nuclear deal NEW YORK (Reuters) - Oil slid nearly 2% on Tuesday, tumbling from a two-month high, after media reports said the United States and Iran have made progress on reviving a deal restricting Iran's nuclear weapons development, that could release more barrels ...
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Summers Says Central Banks Currying Favor With Climate Focus The world's central banks are yielding to political pressures by emphasizing the risks of climate change when the more obvious threat to financial stability comes from future pandemics, former U.S. Treasury Secretary Lawrence Summers said Tuesday.
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Biden's tax hike, spending plans to boost profits, Yellen tells US Chamber WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen tried to sell President Joe Biden's $2.2 trillion corporate tax hike and infrastructure plans to the U.S. Chamber of Commerce on Tuesday, saying that the proposals will improve the profitability and ...
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Starbucks, Trader Joe's, Target and other retailers drop mask requirements After the CDC issued guidance that vaccinated Americans can go (mostly) maskless, we made a list of a few major stores, and some states, that have followed suit. Jessica ...
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Deutsche Bank appoints US general counsel to head anti-financial crime unit Last month, the German financial regulator BaFin ordered Deutsche Bank to enact further safeguards to prevent money laundering, a blow to the bank's efforts to repair its reputation. Subject to regulatory approvals, Salama will succeed ...
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Best cheap car insurance in Cape Coral for 2021 Drivers in Cape Coral, Florida are some of the safest, based on an insurance study by Allstate. The carrier looked at crash reports and claims filed to list the 200 largest cities with the safest drivers. Cape Coral ranked as #10 for safest drivers. Although Cape ...
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Burry of 'Big Short' fame reveals large bearish bet against Tesla BERKELEY, Calif. (Reuters) -The family office run by "Big Short" investor Michael Burry has disclosed a large bearish bet via options on Tesla Inc. FILE PHOTO: The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021.
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The housing market is still red hot despite lumber shortage New York (CNN Business) Americans keep putting money into their homes. And that's great news for Home Depot. The retail giant reported sales and earnings for the first quarter Tuesday morning that topped forecasts. The rising price of lumber and other ...
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Air France uses cooking oil to fly to Canada as green fuel debate rages PARIS (Reuters) - Air France-KLM flew a biofuel-powered Airbus A350 from Paris to Montreal on Tuesday, demonstrating the airline's readiness to adopt low-emissions fuel despite deep industry divisions over the pace of its adoption. Slideshow ( 2 images ).
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Why Fidelity Wants to Be Your Kid's Stock Broker The new custodial accounts include a mobile app with streamlined features and content for teens. The app can be used to trade stocks, ETFs, or mutual funds. The accounts also come with a debit card and can be linked to Venmo and PayPal (ticker: PYPL) for ...
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India's Biological E. to produce J&J COVID-19 vaccine India's Biological E. will produce the Johnson & Johnson (JNJ.N) COVID-19 vaccine alongside its own candidate, its managing director told Reuters on Tuesday, which could boost the country's overall supplies amid a shortage. "The infrastructure and plants ...
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Canadian National Railway shareholder urges board to amend Kansas City deal Hohn's TCI Fund Management, which has a 2.93% stake in Canadian National (CN), said the company should not go ahead with its plan to create a voting trust structure for the takeover. " ...
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Explorium scores $75M Series C just 10 months after B round Insight Partners led today's investment with participation from existing investors Zeev Ventures, Emerge, F2 Venture Capital, 01 Advisors and Dynamic Loop Capital. The company reports it has now raised a total of $127 million. George ...
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Vodafone Is Making a Profit Again. Here's Why the Shares Fell 9%. Vodafone Group 's U.S.-listed shares were falling almost 9% on Wednesday. The mobile phone giant saw annual revenue tumble 2.6% because fewer customers, unable to travel abroad during the pandemic, paid roaming charges. The market also reacted ...
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IBM acquires Salesforce consulting partner Waeg IBM said on Tuesday it's acquiring Waeg, a consulting partner for Salesforce focused on enterprise customers in Europe. Big Blue said the deal will extend its Salesforce services and bolster its hybrid cloud and artificial intelligence strategy. Financial terms of ...
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CNN Dodges Risk of MSNBC Tie-Up as AT&T Opts for Discovery Discovery could help CNN with documentary library, CEO says · Zaslav: CNN's Zucker 'has to figure out what he wants to do' ...
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Is 'Rocky' Worth $9 Billion? Amazon-MGM Talks Highlight Value of Content. Neither Amazon (ticker: AMZN) nor MGM are commenting on the reports, the latest in a series stretching over months. The news highlights different media companies' approaches to catalog content—MGM's portfolio includes classics ...
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Biden to spotlight electric vehicle future he sees for US Biden is touring Ford's Electric Vehicle Center, a new factory being built on the grounds of the automaker's massive Rouge complex in Dearborn, Michigan. The president was visiting a day before Ford is expected ...
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Yamaha Unveils All-New 2022 YZF-R7 Supersport Motorcycle Built from the ground up with a sleek ultra-thin lightweight chassis powered by Yamaha's proven 700cc-class CP2 engine, and enhanced with track-focused supersport features, the R7 embodies the R-Series' rich history of aggressive performance and racing ...
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Skadden, Weil Rep $2.5B Convenience Store Supply Purchase Law360 (May 18, 2021, 1:30 PM EDT) -- Food distributor Performance Food Group said Tuesday it's buying convenience store supplier business Core-Mark in a cash-and-stock deal valuing it at $2.5 billion, led by Skadden and Weil. Richmond ...
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JP Morgan Switches Up Leadership of Consumer Unit It's a game of musical chairs in the leadership ranks of JPMorgan Chase. Gordon Smith, currently JPMorgan's (ticker: JPM) co-president, chief operating officer, and chief executive of Consumer & Community Banking (CCB), plans to retire at the end of the ...
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Better Buy: Beyond Meat vs. Walmart Challenging the meat industry. Beyond Meat continues to capitalize on the trend toward plant-based meat products. It makes food that looks and tastes like animal products, but the company's fare has nutritional and environmental benefits.
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The Laughable Phenomenon of "Ethical" Ransomware Operators No one ever got anywhere in cybersecurity by relying on the kindness of cybercriminals. So it was bewildering and not in the least bit reassuring to see DarkSide, the criminal group responsible for providing the necessary tools and infrastructure to launch the ...
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Gambling On Las Vegas, Gaming Seems Like A Good Bet Nearly everyone loves to bet. It's one of the reasons online brokerages like Robinhood took off during the depths of the pandemic. Stuck in their homes for months on end and having watched everything on Netflix, Americans turned these platforms, for better ...
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Macy's Boosts Forecast as Return of Travel Fuels Shopping Macy's Inc. posted first-quarter sales that outpaced Wall Street's expectations and raised its earnings forecast for the year as the reopening economy helped drive shoppers back to the mall. Comparable-store sales, a key retail metric, soared 62.5% for ...
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Here's Why Sarepta Stock Looks Attractive At $75 Levels [Updated: 4/21/2021] Buy Or Fear SRPT Stock? We believe that the stock price of Sarepta Therapeutics, a biotech company focused on the discovery and development of RNA-targeted therapeutics ...
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Fisker to supply up to 700 vehicles to UK-based Onto in 2023 Fisker had said in December that Canadian auto supplier Magna International Inc would initially manufacture its first vehicle, Ocean SUV, in Europe. Production is on track to start in the fourth quarter of next year, ...
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CVS Has a New CFO. Why That's Sending the Stock Higher. CVS Health announced on Tuesday that the former chief financial officer of the insurer Aetna, which CVS merged with in 2018, will now be the CFO of the combined company. Shares of the drugstore and health insurance giant jumped nearly 5% on the news.
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More than 900 jobs coming to metro Atlanta with new FanDuel technology campus, Gov. Kemp says The 68,000 square-foot facility will be located in the Midtown area, the release said. "I look forward to seeing the countless opportunities this project creates for the hardworking Georgians across metro Atlanta ...
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Oregon hiring stalls as recovery slows Oregon added just 2,200 jobs in April – one-tenth as many as in March. That's a worrying sign for the state's economic outlook and parallels a national hiring slowdown. Oregon's unemployment rate remained steady at 6.0%, according to data out Tuesday ...
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How AT&T-Discovery deal affects consumers, rivals Activate Consulting co-founder and CEO Michael Wolf provides insight into the WarnerMedia-Discovery merger and the ongoing streaming wars. AT&T said Monday it will combine its massive WarnerMedia media assets, ...
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UPDATE: Home Depot's 1Q revenue, profits get another pandemic boost Home Depot on Tuesday reported sales of $37.5 billion for its fiscal first quarter, up nearly one-third from a year earlier, as the giant retailer blew past analysts' expectations. Fueled by a pandemic surge in renovations and homebuilding, the Vinings-based ...
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MGM Resorts stock rallies after JP Morgan analyst turns bullish after recent pullback Shares of MGM Resorts International rallied 2.7% in afternoon trading Tuesday, after J.P. Morgan analyst Joseph Greff turned bullish on the casino operator, citing valuation and increasing momentum as its U.S. casinos. Greff raised his rating to overweight, ...
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Tesla driver 'asleep' in Kenosha County, cited for inattentive driving A Kenosha County sheriff's deputy pulled over the driver of a Tesla who appeared to be sleeping behind the wheel. KENOSHA, Wis. - A Palatine, Illinois man was cited ...
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Shares in Vancouver biotech firm CytoDyn plunge after FDA finds 'no clinical benefit' to its drug CytoDyn's shares fell 76 cents, or 27%, Monday after the FDA issued its findings. The stock was down another 9 cents Tuesday morning, to $1.95. Even so, the company still has a market value of $1.2 billion.
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Apple accused of giving Chinese government control over local data Operating in China requires foreign tech companies to submit to the government's strict censorship and cybersecurity laws. Just ask Apple. The iPhone maker has been reproached by civil rights activists over its compliance with the country's convoluted rules ...
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Medline bets on respiratory products amid buyout interest The Northfield-based medical supply company plans to acquire a portion of Teleflex's respiratory products unit and will take over an Arlington Heights manufacturing facility. · More · Crain's Health Pulse Chicago: Exclusive, actionable intel on the local health care ...
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You Can Now Dine Atop The Grove's Famous Green Trolley Bistro 1759, a new dining experience, gives guest the chance to enjoy a meal while traveling by trolley through the outdoor shopping center. By Alysia Gray Painter • Published 18 seconds ago • Updated 5 seconds ago. The Grove. What to Know. Bistro 1759 ...
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Portillo's brings the heat to chicken sandwich wars with new menu item To set its offering apart, the chain developed a Hot Giardiniera Sauce – a creamy sauce infused with the pickled relish well-known to Chicagoans.
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Kia recalls 440K vehicles over another possible fire hazard, again warns owners to park cars outside DETROIT -- Kia has announced a recall of 440,000 Optima sedans from 2013 through 2015 and Sorento SUVs from 2014 and 2015 due to a potential fire risk. According to the Associated Press, the recall marks the second time these specific models have ...
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Active COVID-19 cases fall in North Dakota North Dakota's active case count decreased by 25 on Tuesday. Cass County, which includes Fargo, leads the state with 121 active cases, while Burleigh County, which includes Bismarck, has 112 active cases. The two-week rolling average positivity rate is ...
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C2FO partners with Marcus by Goldman Sachs to provide unsecured small business loans Leawood-based C2FO formed a partnership to embed digital lending technology from Marcus by Goldman Sachs on its platform, allowing it to offer unsecured loans of $10,000 to $1 million to small and midsize businesses. The goal is to reduce barriers and ...
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Mega Millions jackpot grows to $475 million ahead of Tuesday drawing "If hit, the $475 million jackpot would be the ninth-largest in the history of the game," the Massachusetts State Lottery said in a statement. Explore ...
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6 Things to Know: Some Carnival Cruise Ships to Resume Sailings in Caribbean, Europe AIDA Cruises, Costa Cruises, Cunard, Holland America Line, Princess Cruises, Seabourn and P&O Cruises will begin resuming sailings from global ports over the next several months, the Miami-based company announced Monday.
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Twilio Snaps Up Zipwhip For $850M; Street Says Buy Cloud communications platform Twilio (TWLO) has agreed to acquire Zipwhip for a consideration of $850 million. The transaction, which consists of cash and stock in equal parts, is expected to close by the end of 2021. Zipwhip is a business-texting platform ...
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Austin-Travis County moves to Stage 2 COVID-19 risk-based guidelines Partially vaccinated people or unvaccinated people can participate in outdoor and indoor private gatherings and dine and shop with precautions. Everyone can travel with precautions regardless of their vaccination status ...
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Inflation Causing Investor Headache London – The recent jump in US inflation has given investors plenty to consider, however, the risk of tighter monetary policy from the Federal Reserve triggering another taper tantrum is of even bigger concern.
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Here's What the Stock Market Truly Valued on Monday The Dow Jones Industrial Average (DJINDICES:^DJI), S&P 500 (SNPINDEX:^GSPC), and Nasdaq Composite (NASDAQINDEX:^IXIC) all suffered losses, but the small-cap Russell 2000 managed to gain a bit of ground, and even among large-cap indexes, ...
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