Harley-Davidson Inc said on Monday it settled a board fight with Impala Asset Management just days after the investor began pressing to replace two directors at America’s oldest and best-known motorcycle maker.
Walt Disney Inc Executive Chairman Bob Iger will forgo his salary and newly named Chief Executive Officer Bob Chapek will take a 50% pay cut amid the coronavirus crisis, according to an internal email from Chapek.
Macy’s Inc said on Monday it would furlough most of its employees starting this week as all stores of the department chain operator stay closed to curb the spread of the coronavirus.
Britain’s Aston Martin is furloughing some employees as it handles the fallout from the coronavirus outbreak which has closed its car factories as production of its first sport utility vehicle ramps up, the luxury carmaker said on Monday.
Staff working in a supermarket of French retailer Carrefour in the southern city of Vitrolles will receive protective masks after some employees walked out over health risks associated with the coronavirus, a union said on Monday.
The number of people using Microsoft’s Skype video calling system has surged by 70% in a month to 40 million people presently, as more individuals stay home due to the coronavirus outbreak, the company said on Monday.
Emergency room doctor Thomas Krajewski stopped at the hospital room door at 2 a.m. to glance at the chart. He knew instantly the long odds faced by the patient inside: A man in his 70s, with a fever, short of breath.
Sean Hernandez says he covers his mouth and nose with a t-shirt or towel when he leaves his cell, the only defense he can improvise against the coronavirus outbreak now sweeping through New York’s Rikers Island jail system.
Hollstadt Consulting CEO Molly Jungbauer has had to let go 30 of the 150 employees at her St. Paul, Minnesota firm to weather the drop in revenue from travel industry clients because of the coronavirus.
The global coronavirus case count surpassed 735,000 Monday, with more than 35,000 deaths reported, according to Johns Hopkins. The U.S. leads has the most number of affected, with more than 140,000 cases, while Italy continues to see a staggering death toll that accounts for nearly one-third of deaths, at 10,700. …read more […]
Microsoft is changing Office 365 to Microsoft 365 and bringing Teams to everyone. …read more […]
Although founded less than 10 years ago, Zoom Video (ZM) has been growing by leaps and bounds. Sales over the past three years are up more than 10 times, from $60.8 million in 2017 to $622.7 million last year. In that same period, Zoom has gone from earning no profit at all, to earning $25.3 million last year, and Zoom’s free cash flow is even better — $113.8 million.Nevertheless, 5-star Goldman Sachs analyst Heather Bellini assigns Zoom Video an $80 price target, and rates the stock a “sell.” (To watch Bellini’s track record, click here)As Bellini explains, “due to COVID-19, …read more […]
(Bloomberg) — Dividends from corporate America are poised to tumble this year, but there are pockets of promise for investors looking for safe income, according to strategists at Goldman Sachs Group Inc.While payouts among S&P 500 companies could drop 25% this year, paced by energy and consumer-related companies, banks like Wells Fargo & Co. and drugmakers including Merck & Co. are likely to buck the trend, strategists including Cole Hunter and David Kostin said. The team laid out 40 picks for “income-oriented” investors, with many of them having made payouts for more than two decades without ever lowering distributions.These stocks …read more […]
Billionaire investor Bill Ackman called on President Trump to unleash the biggest infrastructure program in hopes to bolster the U.S. economy amid the coronavirus pandemic. Yahoo Finance’s Julia La Roche joins the On The Move panel to share the details. …read more […]
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