Deliveroo Seeks $12 Billion Valuation

Deliveroo, backed by Amazon.com Inc., set a price range for its planned London listing with an upward valuation of $12 billion, posing a test for continued investor appetite in online food-delivery services.

In December, U.S. peer […]

By |2021-03-23T11:17:44-04:00March 23, 2021|Articles|Comments Off on Deliveroo Seeks $12 Billion Valuation

WHO Approves AstraZeneca Vaccine

The World Health Organization on Monday authorized the use of the AstraZeneca-Oxford vaccine, clearing a path for the cheap and easy-to-store shots to be distributed in lower- and middle-income countries around the world.

A small clinical […]

By |2021-02-16T10:01:40-05:00February 16, 2021|Articles|Comments Off on WHO Approves AstraZeneca Vaccine

Pfizer Shows Positive Vaccine Data

The drug maker Pfizer announced on Monday that an early analysis of its coronavirus vaccine trial suggested the vaccine was robustly effective in preventing Covid-19, a promising development as the world has waited anxiously for […]

By |2020-11-10T12:14:31-05:00November 10, 2020|Articles|Comments Off on Pfizer Shows Positive Vaccine Data

ESPN to Cut 500 Jobs

Walt Disney Co.’s ESPN is reducing its workforce by about 10% through a combination of layoffs and attrition of employees, including remote workers, according to a person familiar with the matter. The cuts come as […]

By |2020-11-06T10:56:50-05:00November 6, 2020|Articles|Comments Off on ESPN to Cut 500 Jobs

AMC’s Cash Problem

AMC, the largest cinema chain in the U.S., warned investors on Tuesday is in danger of running out of cash by early 2021. Shares of the company tanked by 7.8% in early trading Tuesday. AMC’s […]

By |2020-10-14T09:35:25-04:00October 14, 2020|Articles|Comments Off on AMC’s Cash Problem

AMC Nears Financing Deal

AMC Entertainment shares jumped as much as 21% after the close of regular trading on Tuesday following a story in the WSJ that the movie theater company is nearing a deal to avoid near-term bankruptcy. […]

By |2020-07-08T11:10:00-04:00July 8, 2020|Articles|Comments Off on AMC Nears Financing Deal

Boeing’s Massive Layoff Plan

Boeing told employees Wednesday that almost 7,000 of them will receive layoff notices this week. With more than 5,500 voluntary buyouts added in, the company will slash almost 12,300 U.S. jobs in this first batch […]

By |2020-05-28T11:08:29-04:00May 28, 2020|Articles|Comments Off on Boeing’s Massive Layoff Plan