Home/Tag: pandemic

DoorDash IPO

DoorDash, the food delivery provider that is seen a surge in demand during the coronavirus pandemic, sold shares in its IPO at $102 apiece, pricing above its range, according to people familiar with the matter. […]

By |2020-12-09T11:26:47-05:00December 9th, 2020|Articles|Comments Off on DoorDash IPO

U.K. Authorizes COVID-19 Vaccine

The U.K. became the first Western nation to grant emergency-use authorization for a Covid-19 vaccine, clearing a shot developed by Pfizer Inc. of the U.S. and BioNTech SE of Germany to be distributed in limited […]

By |2020-12-03T11:02:24-05:00December 3rd, 2020|Articles|Comments Off on U.K. Authorizes COVID-19 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 10th, 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 6th, 2020|Articles|Comments Off on ESPN to Cut 500 Jobs

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