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Showing posts from April, 2020

FOX BIZ NEWS: Shopping mall giant to reopen with safety restrictions

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Shopping mall giant to reopen with safety restrictions Simon plans to open the doors to properties in eight states on Friday

FOX BIZ NEWS: Boeing won't seek coronavirus-related government aid after raising $25B

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Boeing won't seek coronavirus-related government aid after raising $25B The Chicago-based jet maker credited the demand for its bond offering to long-term support for the aviation industry and confidence in the market created by the CARES Act.

FOX BIZ NEWS: Coronavirus cuts into Amazon profits despite sales gains

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Coronavirus cuts into Amazon profits despite sales gains Amazon’s sales surged amid the coronavirus, but costs related to the pandemic ate away at the online retailer’s profits, the company told investors Thursday.

FOX BIZ NEWS: Online coronavirus scams to avoid and the red flags that give them away

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Online coronavirus scams to avoid and the red flags that give them away Here’s what you need to know about smishing, vishing and phishing.

FOX BIZ NEWS: Trump: Nursing homes will be carefully inspected

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Trump: Nursing homes will be carefully inspected President Trump says FEMA will send supplemental personal protective equipment to all 15,400 Medicaid/Medicare certified nursing homes in the U.S. 

FOX BIZ NEWS: Wealthy New Yorkers caught hiding billions in offshore Israeli, Swiss accounts

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Wealthy New Yorkers caught hiding billions in offshore Israeli, Swiss accounts The Justice Department is celebrating its second-largest recovery as it files charges against a bank that helped set up offshore accounts.

FOX BIZ NEWS: It's a ‘good time to buy a car’ despite bleak sales volume: Transportation expert

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It's a ‘good time to buy a car’ despite bleak sales volume: Transportation expert National transportation expert and auto journalist Michael Caudill argues although the coronavirus is taking a toll on the auto industry, it’s a good time to buy a car for consumers.

FOX BIZ NEWS: AstraZeneca to mass produce potential coronavirus vaccine

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AstraZeneca to mass produce potential coronavirus vaccine Britain's AstraZeneca joined forces with the University of Oxford on Thursday.

FOX BIZ NEWS: Facebook allows users to transfer photos, videos to rival service in move that could ease antitrust concerns

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Facebook allows users to transfer photos, videos to rival service in move that could ease antitrust concerns Facebook will allow users in the US and Canada to transfer photos onto Google Photos to give users more control of their data.

FOX BIZ NEWS: Tesla CEO, Facebook CEO clash over reopening during coronavirus

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Tesla CEO, Facebook CEO clash over reopening during coronavirus Tesla CEO Elon Musk and Facebook CEO Mark Zuckerberg disagreed over stay-at-home orders during their earnings calls on Wednesday.

‘Until the Birds Return’ Review: Algerian Life, and Nothing More

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By Devika Girish Until the Birds Return () Opening April 28, 2020 from NYT Critics' Pick https://ift.tt/2Yi9KeH

FOX BIZ NEWS: Comcast first-quarter broadband growth tops views, coronavirus hurts advertising

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Comcast first-quarter broadband growth tops views, coronavirus hurts advertising Comcast gained 477,000 broadband subscribers in the first quarter, and revenue grew 9.3 percent.

FOX BIZ NEWS: American Airlines loses $2.2B as coronavirus grounds flights

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American Airlines loses $2.2B as coronavirus grounds flights The Fort Worth, Texas-based air carrier lost $2.2 billion, or $5.26 a share, as total operating revenue plunged 20 percent to $8.52 billion.

FOX BIZ NEWS: McDonald's profit sinks as coronavirus slams sales

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McDonald's profit sinks as coronavirus slams sales The Chicago-based fast-food chain reported first-quarter profit fell 16 percent to $1.1 billion, or $1.47 a share, on revenue of $4.71 billion.

FOX BIZ NEWS: Oil prices rally as producers tackle supply glut

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Oil prices rally as producers tackle supply glut Output cuts, if all sides live up to the agreement, will end the price war between Russia and Saudi Arabia and eliminate 20 million crude barrels a day from a market that has been overwhelmed with supply.

FOX BIZ NEWS: Twitter tops sales estimates, sees rebound from Asia's eased coronavirus rules

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Twitter tops sales estimates, sees rebound from Asia's eased coronavirus rules Twitter Inc on Thursday said that its ads sales had slightly rebounded in Asia after a plunge due to the coronavirus outbreak and that it had accelerated work on tools to attract key advertisers, becoming the latest tech company to report a lighter blow from the pandemic than forecast.

FOX BIZ NEWS: Coronavirus squashed Dunkin' first quarter US comparable-store sales

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Coronavirus squashed Dunkin' first quarter US comparable-store sales The doughnut and coffee chain withdrew its 2020 guidance and said it is suspending its quarterly dividend and share-buyback programs.

FOX BIZ NEWS: European economy suffers biggest hit on record amid pandemic

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European economy suffers biggest hit on record amid pandemic It was the biggest drop since statistics began in 1995

FOX BIZ NEWS: Shell cuts dividend for first time since World War II

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Shell cuts dividend for first time since World War II Shell said it would reduce its quarterly dividend by two-thirds to 16 cents per share

FOX BIZ NEWS: Traders brace for latest jobless claim numbers

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Traders brace for latest jobless claim numbers Amazon, Apple and McDonald's will report earnings

FOX BIZ NEWS: Remdesivir data showing ‘meaningful benefits’: Biotech analyst

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Remdesivir data showing ‘meaningful benefits’: Biotech analyst Piper Sandler senior biotech analyst Tyler Van Buren argues the FDA will be under a lot of pressure to approve remdesivir under an accelerated timeline based on the data.

FOX BIZ NEWS: Millions of Americans likely applied for jobless benefits last week though wave is stabilizing

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Millions of Americans likely applied for jobless benefits last week though wave is stabilizing Initial claims for state unemployment benefits likely totaled a seasonally adjusted 3.50 million

FOX BIZ NEWS: Tyson Foods temporarily pauses operations at beef facility in Dakota City

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Tyson Foods temporarily pauses operations at beef facility in Dakota City The facility employs 4,300 people

FOX BIZ NEWS: Tesla's Elon Musk rails against government coronavirus mandates

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Tesla's Elon Musk rails against government coronavirus mandates Musk blasts US coronavirus restrictions as "fascist" in an earnings call rant.

FOX BIZ NEWS: Investors looking to flip IHOP pancake house toasted by proxy firms

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Investors looking to flip IHOP pancake house toasted by proxy firms Two influential proxy advisory firms said Dine Brands Global Inc shareholders should reject a proposal to spin off its IHOP pancake house chain in a rebuke to activist investment firm JCP Investment Partnership which proposed the plan.

FOX BIZ NEWS: SoftBank sees $8B loss on WeWork writedown, company says

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SoftBank sees $8B loss on WeWork writedown, company says SoftBank is in a legal dispute with directors at WeWork after backing out of a $3 billion tender offer.

FOX BIZ NEWS: Hilton, Wynn have phased approach to reopening their hotel doors

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Hilton, Wynn have phased approach to reopening their hotel doors Hilton president and CEO Chris Nassetta and Wynn Resorts CEO Matt Maddox discuss the importance of reopening their businesses in a safe and responsible way.

FOX BIZ NEWS: Facebook CEO warns coronavirus outbreaks likley after reopenings

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Facebook CEO warns coronavirus outbreaks likley after reopenings The Facebook founder and CEO said returning life to normal in areas where the coronavirus is still too prevalent could “almost guarantee future outbreaks” and cause the economic downturn to last even longer.

FOX BIZ NEWS: Trump's efficiency is helping states reopen: Kayleigh McEnany

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Trump's efficiency is helping states reopen: Kayleigh McEnany White House press secretary Kayleigh McEnany discusses the positive Remdesivir results and says President Trump is taking the necessary steps to ensure Americans can safely get back to work.

FOX BIZ NEWS: Google launches Zoom competitor in coronavirus pandemic by making Meet video conferencing app free

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Google launches Zoom competitor in coronavirus pandemic by making Meet video conferencing app free Google is now offering its $6/month video conference app to anyone for free.

FOX BIZ NEWS: McConnell pans Trump’s coronavirus infrastructure funding hopes

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McConnell pans Trump’s coronavirus infrastructure funding hopes Trump and McConnell agree on the need for infrastructure work but not on how to pay for it.

FOX BIZ NEWS: AMC slams Universal for not releasing movies exclusively in theaters

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AMC slams Universal for not releasing movies exclusively in theaters AMC has threatened to stop showing Universal films in its theaters in the future, saying Universal is breaking the business model and dealings in the industry. FOX Business’ Maria Bartiromo and Dagen McDowell with more.

FOX BIZ NEWS: Zoom rival, Google Meet becomes free for all users

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Zoom rival, Google Meet becomes free for all users Google G Suite Vice President and General Manager Javier Soltero says he has seen ‘incredible’ growth in Google Meet use in last three months as more people work from home.

FOX BIZ NEWS: Blue Apron shares sink as quarterly loss widens to $20.1M

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Blue Apron shares sink as quarterly loss widens to $20.1M Blue Apron's prospects have brightened since the end of the quarter, with sales rising as people shelter at home during the COVID-19 pandemic.

FOX BIZ NEWS: Stocks surge as Gilead coronavirus drug eclipses GDP drop

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Stocks surge as Gilead coronavirus drug eclipses GDP drop A study showed positive results on using a Gilead Sciences drug as a COVID-19 treatment; the government will offer more details at an upcoming briefing.

FOX BIZ NEWS: Boeing whacked by coronavirus, 737 MAX grounding

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Boeing whacked by coronavirus, 737 MAX grounding Boeing lost $641 million as COVID-19 and the grounding of the 737 MAX aircraft significantly impacted business.

FOX BIZ NEWS: California scales up 1st in US electric truck sale proposal

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California scales up 1st in US electric truck sale proposal California regulators are considering a rule to require automakers to sell electric delivery vans to curb pollution.

FOX BIZ NEWS: Stock market shows weakness of coronavirus rally

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Stock market shows weakness of coronavirus rally The comparatively small number of companies driving the S&P 500's rally is a worrying sign for investors.

FOX BIZ NEWS: Coronavirus crisis and 5 examples of good business leadership during the pandemic: Lee Carter

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Coronavirus crisis and 5 examples of good business leadership during the pandemic: Lee Carter We are all moving fast to adapt and change in this time.

FOX BIZ NEWS: Spring homebuying recovering from coronavirus

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Spring homebuying recovering from coronavirus Interest in buying was the strongest in almost a month.

FOX BIZ NEWS: GE profit spikes, overcoming aviation drag

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GE profit spikes, overcoming aviation drag The Boston-based conglomerate earned $6.16 billion, or 72 cents a share, as total revenues fell 8 percent to $20.52 billion.

FOX BIZ NEWS: Hasbro stock slips as coronavirus clouds earnings outlook

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Hasbro stock slips as coronavirus clouds earnings outlook Adjusted earnings per share came to 57 cents, below the FactSet consensus of 66 cents.

FOX BIZ NEWS: GDP report to show a damaged economy sliding into recession

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GDP report to show a damaged economy sliding into recession The first contraction in six years is expected

FOX BIZ NEWS: Zuckerberg asserts power at Facebook

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Zuckerberg asserts power at Facebook Mark Zuckerberg is steadily becoming more active and in-charge at Facebook than he has been in recent years.

FOX BIZ NEWS: Elon Musk backs coronavirus reopening as Tesla stock rebounds: 'FREE AMERICA NOW'

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Elon Musk backs coronavirus reopening as Tesla stock rebounds: 'FREE AMERICA NOW' Tesla CEO Elon Musk said states should "reopen with care [and] appropriate protection, but don't put everyone under de facto house arrest."

FOX BIZ NEWS: Coronavirus put US hospitals in bad financial shape: Cleveland Clinic CEO

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Coronavirus put US hospitals in bad financial shape: Cleveland Clinic CEO Cleveland Clinic CEO and President Dr. Tom Mihaljevic argues the coronavirus has had a negative financial impact on hospitals, leading to health care workers getting laid off. He also said hospitals are a safe environment for care.

FOX BIZ NEWS: Amazon turns to Chinese firm on US blacklist to meet thermal camera needs

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Amazon turns to Chinese firm on US blacklist to meet thermal camera needs The United States blacklisted the Chinese firm over allegations it helped China detain and monitor the Uighurs and other Muslim minorities.

‘Murder to Mercy’ Review: Rethinking a Life Sentence

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By Bilal Qureshi Me Facing Life 2: Cyntoia's Fight for Freedom () Opening April 29, 2020 from NYT Critics' Pick https://ift.tt/2xh7Yzq

FOX BIZ NEWS: Ford delays autonomous vehicle service to 2022

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Ford delays autonomous vehicle service to 2022 The Dearborn, Michigan-based automaker said its “mobility” segment – which includes the autonomous vehicle program – operated at a $368 million loss for the quarter.

FOX BIZ NEWS: Uber loses top tech officer as company reportedly considers laying off 20 percent of workforce

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Uber loses top tech officer as company reportedly considers laying off 20 percent of workforce Uber announced in a regulatory filing on Tuesday that chief technology officer Thuan Pham will step down from the company, effective May 16.