Satellite bankruptcy — OneWeb says pandemic ended chance of getting enough funding for full launch. Jon Brodkin - Mar 30, 2020 4:32 pm UTC Enlarge / Illustration of a OneWeb satellite.OneWeb has filed for bankruptcy and intends to sell its business, bringing an abrupt end to the company's plan to offer high-speed satellite Internet service…
Jobseekers hold documents as they queue at service desks inside a Pole Emploi job center, the French national employment agency, in Montauban, FranceBalint Pornecz | Bloomberg | Getty ImagesMillions of Americans already have lost their jobs due to the coronavirus crisis and the worst of the damage is yet to come, according to a Federal…
GROVEPORT, Ohio - An employee at the Amazon fulfillment center in Groveport has tested positive for COVID-19, according to the company.Amazon said it let employees at the site know of the confirmed case.In a statement, the company said, "We are supporting the individual who is recovering. We are following guidelines from health officials and are…
HAVE DIRECT DEPOSITS INTO PEOPLE’S ACCOUNTS. KELLY: NO NUMBERS JUST COMING IN. THIS IS FROM THE DEPARTMENT OF HEALTH. THEY SAY IN THEIR DAILY UPDATE WE HAVE 4087 CONFIRMED CASES OF COVID-19 IN PENNSYLVANIA, WITH 6 93 ADDITIONAL CASES REPORTED THIS MORNING. THERE ARE NOW 49 DEATHS IN THE STATE. AND AS WE MENTIONED EARLIER,…
byLinnea AhlgrenMarch 30, 2020One comment3 minute readThe UK’s largest airport, Heathrow, is to readjust operations this week to prioritize incoming cargo flights carrying medical supplies. Almost half of Britain’s pharmaceutical goods, including medicines, vaccines, sanitizers, and syringes, will be arriving in the country via the West London airport. Heathrow airport will be making use of its…
Stockpile of medical supplies "very stressed" Twelve days ago, General Motors put hundreds of workers on an urgent project to build breathing machines as hospitals and governors pleaded for more in response to the coronavirus pandemic. But President Donald Trump, claiming the company wasn't moving fast enough, on Friday invoked the Defense Production Act, which…
Image copyright Getty Images You've only got to look up to see there's still a fair amount of activity in the air, despite all the airline cutbacks. Why is that?Surprisingly, a number of global airlines are still running passenger flights, including British Airways (BA).That's despite aviation largely grinding to a halt as the coronavirus crisis…
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.Keep the change – and the toilet paper.A TikTok user has gone viral for generously tipping a delivery driver with TP during the coronavirus pandemic. The must-have household essential has remained in high demand as people are holed up indoors…
The smallest of the three cruise chains could come out ahead in this brutal operating climate for the industry. It's hard to find a sector that's been harder hit than the cruise industry. Carnival Cruise Line (NYSE:CCL) (NYSE:CUK), Royal Caribbean International (NYSE:RCL), and Norwegian Cruise Line (NYSE:NCLH) have been slammed recently, bearing the brunt of the coronavirus outbreak that has largely ceased…
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You’re not supposed to say the quiet parts out loud, Mr. President! On Monday morning, President Donald Trump told the co-hosts of “Fox and Friends” that House Democrats had tried to include “crazy” proposals in the $2 trillion COVID-19 relief package that passed last week, including measures aimed at easing the voting process for Americans…
Spencer Platt/Getty Images Investors searching for a near-term play should take a page from the Federal Reserve's playbook and look to corporate debt, Bank of America says. Investment-grade debt already enjoyed a bump from the Fed's announcement of new corporate credit facilities, and the firm's strategists wrote Friday that the sector would rally further as…
FILE PHOTO: One of the 68 Macy's Inc stores the company plans to close is shown at the Mission Valley Center mall in San Diego, California, U.S. January 5, 2017. REUTERS/Mike Blake(Reuters) - Macy’s Inc (M.N) said on Monday it would furlough most of its 130,000-strong workforce starting this week as all of the company’s…
CEO Satya Nadella has been ahead of the curve focusing on the cloud. By STEPHEN GUILFOYLE Mar 30, 2020 | 11:30 AM EDT Stocks quotes in this article: MSFT, WORK, ZM, AMZN, ADBE, CRM, NOW Working remotely...775%. That was the number. Stopped me in my tracks. Microsoft (MSFT) announced that there has been a 775%…
Investors focused on the Medical space have likely heard of Aytu Bioscience (AYTU), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Medical sector should help us answer this question.Aytu Bioscience is a member…
Posted: Mar 30, 2020 / 05:27 AM HST / Updated: Mar 30, 2020 / 06:45 AM HST HONOLULU (KHON2) — Beginning Monday, March 30, U.S. Costco locations will temporarily implement new weekday closing hours. Costco warehouses will open at 9 a.m. until 6:30 p.m., Monday through Friday. Weekend hours will remain the same. It will…
BUSINESS 8:25 AM PDT 3/30/2020 by Ryan Parker CEO Bob Chapek will take a 50 percent pay cut. The Walt Disney Co. said on Monday that executive chairman Robert Iger will forgo his entire salary and recently named CEO Bob Chapek will take a 50 percent pay cut amid the coronavirus pandemic, according to an email…
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By Tsvetana Paraskova - Mar 30, 2020, 9:00 AM CDT Saudi Arabia is not backing down from the oil price war for market share, pledging another increase in its crude oil exports starting in May, despite a growing global glut amid crashing demand.“[T]he Kingdom intends to increase its crude oil exports, starting from May, by…
Courtesy of Abbott Laboratories Abbott Laboratories announced Friday that the US Food and Drug Administration granted emergency use of its ID NOW COVID-19 test. Shares surged as much as 13% on Monday. The test gives positive results in as little as five minutes and negative results in 13 minutes. Watch Abbott trade live on Markets…