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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 14th, 2020|Articles|0 Comments

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 8th, 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 28th, 2020|Articles|Comments Off on Boeing’s Massive Layoff Plan

Facebook Making Shift Towards More Remote Workers

Mark Zuckerberg is shifting Facebook Inc. toward a substantially remote workforce over the next decade, permanently reconfiguring the tech giant’s operations around the dispersed structure that the coronavirus pandemic forced on it.

The plan, which the […]

By |2020-05-22T11:04:42-04:00May 22nd, 2020|Articles|Comments Off on Facebook Making Shift Towards More Remote Workers

Target Gains Strength During Coronavirus

Target Corp. said sales surged in the most recent quarter, driven initially by online shoppers who stockpiled food and other essentials to brace for coronavirus lockdowns and more recently by rising demand for items like […]

By |2020-05-21T10:49:10-04:00May 21st, 2020|Articles|Comments Off on Target Gains Strength During Coronavirus

Walmart Sales Surge

Walmart emerged as one of the few lifelines to millions of people as the coronavirus spread, leading to surging profit and sales for the world’s largest retailer. Online sales in the U.S. jumped 74% for […]

By |2020-05-20T10:43:17-04:00May 20th, 2020|Articles|Comments Off on Walmart Sales Surge

Hackers and Coronavirus Research

Chinese hackers are targeting American universities, pharmaceutical and other health-care firms in a bid to steal intellectual property related to coronavirus treatments and vaccines and the intrusions may be jeopardizing progress on medical research, U.S. […]

By |2020-05-14T10:50:58-04:00May 14th, 2020|Articles|Comments Off on Hackers and Coronavirus Research

Uber in Talks to Acquire Grubhub

Uber Technologies Inc. is seeking to acquire Grubhub Inc. in a deal that would unite two of the biggest players in the cutthroat meal-delivery business at a time when the coronavirus pandemic has sparked a […]

By |2020-05-13T10:12:45-04:00May 13th, 2020|Articles|Comments Off on Uber in Talks to Acquire Grubhub

Neiman Marcus Files for Bankruptcy

In March 2019, the luxury retailer Neiman Marcus opened its first outpost in Manhattan. Spread over three floors and 188,000 square feet, the store was an anchor tenant of the gleaming Hudson Yards development and, […]

By |2020-05-08T11:29:41-04:00May 8th, 2020|Articles|Comments Off on Neiman Marcus Files for Bankruptcy

MGM Resorts Warns of Layoffs

The furloughs of almost 63,000 MGM Resorts International employees soon could turn into layoffs. A legal notice sent to many employees Tuesday, obtained by the Review-Journal, is another indication that Las Vegas resort operators are […]

By |2020-05-07T10:01:18-04:00May 7th, 2020|Articles|Comments Off on MGM Resorts Warns of Layoffs