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Business

“Streaming Was Supposed to Rescue the Ailing TV Ad Business. It Hasn’t.”

“…The move marks an important inflection point. TV commercials have long stood as the cornerstone of modern advertising. This dominance was owed, in part, to TV’s capacity to reach vast and diverse audiences through ads that leverage sound, sight and… Continue Reading…

Banking

[Banking] “First Republic’s dramatic slide continues, stock falls 35% as bank looks for rescue deal”

“First Republic ’s stock sank again on Wednesday as investors kept an eye on a potential rescue deal for the troubled regional bank. Shares were down more than 35% in morning trading, extending losses of nearly 50% on Tuesday. The… Continue Reading…

Business

“Mall owners Simon, Brookfield set to rescue JC Penney from bankruptcy in $800 million deal”

“U.S. mall owners Simon Property Group and Brookfield Property Partners are close to finalizing an $800 million deal to rescue the embattled department store chain J.C. Penney from bankruptcy, avoiding a total liquidation and saving about 70,000 jobs and 650 stores, Joshua Sussberg of the… Continue Reading…

Economy

“White House, Congress agree on $2 trillion virus rescue bill”

“The White House and Senate leaders of both parties announced agreement early Wednesday on an unprecedented $2 trillion emergency bill to rush sweeping aid to businesses, workers and a health care system slammed by the coronavirus pandemic. The urgently needed measure… Continue Reading…