Hershey Co pulled its 2020 forecast on Thursday and warned of weak sales in certain categories as households worried about their financial futures cut spending on snacks and chocolates.
Some workers in Georgia and other U.S. states prepared to go back to work for the first time in a month, as data released on Thursday showing soaring unemployment claims reaffirmed the grim economic toll of the coronavirus pandemic.
Small businesses across the nation are anxiously awaiting for the approval of the $484 billion dollar bill. Ami Kassar, Multifunding.com CEO, joins Yahoo Finance to discuss that and more.
The combined wealth of America’s billionaires, including Amazon.com Inc founder Jeff Bezos and Tesla Inc chief Elon Musk, increased nearly 10% during the ongoing COVID-19 pandemic, according to a report published by the Institute for Policy Studies (IPS).
Air France-KLM Chief Executive Ben Smith said on Thursday he had given up his 2020 bonus, after a Dutch minister urged executive pay restraint in return for the billions of euros in government aid sought by the airline group.
Sales of new U.S. single-family homes dropped by the most in more than 6-1/2 years in March and further declines are likely as the novel coronavirus outbreak batters the economy and throws millions of Americans out of work.
Target Corp said on Thursday rising costs from trying to meet the fast-changing needs of consumers during the coronavirus crisis were set to hurt its first-quarter profit and margins, even as it recorded robust online sales during March and April.
(Bloomberg) — John Malone’s Liberty Media Corp. moved to shore up its Formula One Group auto-racing unit, shifting some assets among Liberty’s wide variety of properties and injecting more cash into the division.The holding company reattributed $1.5 billion in net asset value to Formula One from Liberty SiriusXM Group, the satellite-radio operator, and reattributed another $1.5 billion in net asset value to Liberty SiriusXM from Formula One, according to a statement Thursday.Though the equal allocations make it look like an even deal for the two units, the mix favors Formula One. Liberty shifted Formula One’s entire stake in troubled Live …read more […]
The chair of the House Judiciary Committee’s antitrust panel on Thursday called for a moratorium on mergers in the next coronavirus stimulus package and a ban on deals that are not directly related to companies about to fail.
(Bloomberg) — Delta Air Lines Inc. is seeking to raise $3 billion from loans and bonds as it grapples with a global travel shutdown caused by the coronavirus pandemic.The company is offering five-year bonds to investors at a yield of about 7%, according to people familiar with the matter. Delta is also seeking a term loan under the plan, and the financing would be evenly split between the two, the company said late Wednesday.The debt will be secured by collateral including domestic slots at New York airports and those at Heathrow in London as well as other European and Latin …read more […]
Sales of new U.S. single-family homes dropped by the most in more than 6-1/2 years in March and further declines are likely as the novel coronavirus outbreak batters the economy and throws millions of Americans out of work.
Gap Inc warned on Thursday it may not survive the next 12 months intact and would need to borrow more funds in the face of widespread coronavirus shutdowns that have crippled the business of clothing retailers globally.
One thing we could say about the analysts on Callon Petroleum Company (NYSE:CPE) – they aren’t optimistic, having just… …read more […]
Domino’s posted a beat on earnings and revenue in its latest earnings report, but it but it withdrew its longterm guidance amid coronavirus uncertainty. Yahoo Finance’s Brian Sozzi breaks down the details. …read more […]
Wall Street pared gains slightly on Thursday as business activity plumbed new record lows in April with the novel coronavirus disrupting manufacturing and services industry production.
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