July 2, 2020
“OPEC and allied nations agreed Saturday to extend a production cut of nearly 10 million barrels of oil a day through the end of July, hoping to boost energy prices… The decision came in a unanimous vote, Energy Minister Suhail… Continue Reading…
July 2, 2020
“Energy company BP said Monday that its global workforce will be trimmed by 10,000 jobs… Chief Executive Bernard Looney said that the roles will be office-based and come mostly this year. The company’s current global workforce is 70,000. The changes… Continue Reading…
June 26, 2020
“Office Depot (ODP) – Get Report said it would execute a 1-for-10 reverse stock split after the close of trading June 30. In an April 28 Securities and Exchange Commission filing, the Boca Raton, Fla., chain had said the increased price resulting from the split would… Continue Reading…
June 26, 2020
“Telecom giant Verizon said Thursday it is pulling its advertising from Facebook, in what may be the biggest brand yet to join the #StopHateForProfit boycott. “We’re pausing our advertising until Facebook can create an acceptable solution that makes us comfortable… Continue Reading…
June 25, 2020
“Darden Restaurants on Thursday reported that same-store sales were nearly cut in half during the fiscal fourth quarter as dining room closures from the coronavirus pandemic weighed on its revenue. But the Olive Garden parent expects its business to pick up in the… Continue Reading…
June 25, 2020
“Chuck E. Cheese’s parent company CEC Entertainment said Thursday it has filed for Chapter 11 bankruptcy protection after venue closures stemming from the coronavirus pandemic roiled its business. The company, which is owned by private equity firm Apollo Global Management, expects to… Continue Reading…
June 24, 2020
“Titan Pharmaceuticals, Inc. (NASDAQ: TTNP) today announced that it has entered into a co-promotion partnership with Indegene Inc. to establish multichannel digital marketing programs throughout the United States and expand the capabilities for the engagement of health care providers (“HCPs”) who… Continue Reading…
June 24, 2020
“Since January, 355 Retailers Have Filed for Bankruptcy Protection. The coronavirus pandemic has hit the already-struggling sector particularly hard. Some big names have gone bust recently, including Neiman Marcus, J.Crew, and J.C. Penney. Meanwhile, Amazon and other retailers with a large online presence are… Continue Reading…
June 22, 2020
“Americans are skipping payments on mortgages, auto loans and other bills. Normally, that could mean massive foreclosures, evictions, cars repossessions and people’s credit getting destroyed. But much of that has been put on pause. Help from Congress and leniency from… Continue Reading…
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