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Boeing Has Bleak View for Jet Demand

Boeing is cutting its expectations for new commercial aircraft demand over the next decade, citing what it estimates will be a years-long slump in travel demand because of the coronavirus pandemic. The manufacturer forecast on […]

By |2020-10-07T11:24:41-04:00October 7th, 2020|Articles|Comments Off on Boeing Has Bleak View for Jet Demand

Auto Sales on Recovery Path

The U.S. auto sector on Thursday continued to show signs of a recovery from the COVID-19 pandemic as improving demand in the third quarter for new vehicles has General Motors Co. and other major automakers […]

By |2020-10-02T12:32:58-04:00October 2nd, 2020|Articles|Comments Off on Auto Sales on Recovery Path

MGM Resorts Names CEO

MGM Resorts International announced Bill Hornbuckle as the company’s chief executive officer and president on Wednesday, effective immediately. Hornbuckle had been MGM’s acting CEO and president since March. Hornbuckle will also serve on MGM’s Board […]

By |2020-07-30T13:54:43-04:00July 30th, 2020|Articles|Comments Off on MGM Resorts Names CEO

Walgreens CEO Steps Down

Walgreens Boots Alliance Inc. said Stefano Pessina will step down as chief executive, kicking off a search for a new leader at the company as the coronavirus pandemic has dented profits and complicated a turnaround. Mr. […]

By |2020-07-28T11:08:06-04:00July 28th, 2020|Articles|Comments Off on Walgreens CEO Steps Down

Twitter Grows Users but Profit Falls

Twitter Inc. reported strong user growth but experienced lingering impacts from the coronavirus pandemic in its latest quarter, as the company navigates a rocky advertising climate and the fallout from a major security breach.

On Thursday, […]

By |2020-07-24T11:33:53-04:00July 24th, 2020|Articles|Comments Off on Twitter Grows Users but Profit Falls

Tesla Posts Another Profitable Quarter

Tesla Inc., for the first time in its 17-year history, reported a fourth-consecutive profitable quarter, a milestone that is sure to bolster Chief Executive Elon Musk’s pitch that he can usher in the age of […]

By |2020-07-23T11:45:17-04:00July 23rd, 2020|Articles|Comments Off on Tesla Posts Another Profitable Quarter

Walgreens to Cut Jobs, Suspend Buybacks

Walgreens Boots Alliance Inc. said it plans to cut about 4,000 jobs in the U.K. and suspend stock buybacks as demand fell off in its international business during the drugstore chain’s latest quarter. The pharmacy […]

By |2020-07-10T14:09:38-04:00July 10th, 2020|Articles|Comments Off on Walgreens to Cut Jobs, Suspend Buybacks

Treasury Reaches Agreement with Airlines

The U.S. Treasury Department has agreed to terms for loans to American Airlines Group Inc. and four smaller airlines as part of an aid program to help the industry weather the coronavirus pandemic. The Treasury […]

By |2020-07-06T11:31:39-04:00July 6th, 2020|Articles|Comments Off on Treasury Reaches Agreement with Airlines

‘It’s the Economy, Stupid!’

AIR DATE: June 26, 2020
Courtesy: RT

As the cultural war rages unabated, the billionaire class is only getting wealthier. Their wealth has […]

By |2020-06-26T11:21:52-04:00June 26th, 2020|Media|Comments Off on ‘It’s the Economy, Stupid!’

Macy’s to Cut 3,900 Jobs

Macy’s is eliminating about a quarter of its corporate workforce, slashing 3,900 white-collar jobs in a sweeping effort to cut costs during the coronavirus pandemic. The layoffs announced Thursday come just months after the beleaguered […]

By |2020-06-26T09:56:14-04:00June 26th, 2020|Articles|Comments Off on Macy’s to Cut 3,900 Jobs