Business News
Microsoft to adapt its cloud software for healthcare industry
Microsoft Corp said on Tuesday it plans to roll out a version of its cloud-based software that will be modified to suit the needs of healthcare organizations.
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Business News
Trump administration awards contract to make COVID-19 drugs in U.S.
U.S. President Donald Trump’s administration awarded a contract worth up to $812 million for a new U.S. company to manufacture drugs and drug ingredients to fight COVID-19 on American soil, aiming to end dependence on other countries.
Business News
Exclusive: Exxon revives sale of stake in giant Azeri oilfield
Exxon Mobil has relaunched the sale of its stake in Azerbaijan’s largest oilfield, the company said on Tuesday, as banking and industry sources said the move was drawing interest from large Asian oil and gas companies seeking to capitalize on the recent collapse in oil prices.
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Markets mixed ahead of Powell, Mnuchin testimony
Victoria Fernandez, Chief Market Strategist at Crossmark Global Investments, joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to break down the latest earnings report, weigh in on the state of carnival and airlines stocks and discuss overall markets around Tuesday’s opening bell. …read more […]
Business News
Walmart sales surge at stores and online on coronavirus-led demand
Walmart Inc exceeded Wall Street expectations with its quarterly revenue and earnings on Tuesday and reported record U.S. online sales after consumers rushed to stock up on necessities during the coronavirus pandemic.
Business News
As coronavirus crushes small restaurants, big chains see room to move in
Prime storefronts left empty by failed businesses. Cheaper or even flexible rents. Landlords willing to add drive-thru lanes.
Newsmakers
fubo (OTC: FUBO)Sports Network Launches on Pluto TV
FaceBank Group, Inc. (d/b/a fuboTV) (OTCQB: FUBO) announced today the launch of fubo Sports Network, the live, free-to-consumer linear sports network, on Pluto TV, the leading free streaming television service in America. This press release features multimedia. […]
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Kohl’s Posts Quarterly Loss, Sees April Online Sales Jumping 60%
Kohl’s (KSS) said it has seen a surge in online sales in the first quarter, while the department store chain posted larger losses than the market expected due to store closures during the coronavirus pandemic.Online sales in the first quarter ended May 2 increased 24% and accelerated to more than 60% in April. Net sales in the reported quarter plunged 44% to $2.16 billion. The department store chain reported adjusted loss per share of $3.20, missing market expectations of a $1.80 loss.“We entered the year in a strong financial position and our business was tracking to our expectations prior to …read more […]
Newsmakers
NexTech (OTC: NEXCF) Integrates CVENT Cloud Event Registration into its InfernoAR Virtual Events platform
Integration Accelerates with the Largest Event Registration Provider NEW YORK, May 19, May 19, 2020 — NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality for eCommerce, AR […]
Business News
S&P recovery will be far faster than 2008: Citigroup
U.S. stock markets will deliver among the steepest recoveries in their history over the next year, returning to levels from before March’s coronavirus lockdowns more than twice as fast as after the 2008 financial crisis, according to analysts from U.S. bank Citigroup.
Business News
Citigroup launches new ESG investment banking group
Citigroup Inc said on Tuesday that is launching a new business unit within its corporate and investment bank dedicated to environmental sustainability to strengthen its commitment to an area that has grown increasingly important to corporate clients and investors.
Newsmakers
ImagineAR (OTC: IPNFF) Announces The Appointment Of Troy Miller, Founder of Division ONE Sports, As Advisor For Augmented Reality Fan Engagement For Professional and College Sports Venues & Live Streaming
VANCOUVER, May 19, 2020 – ImagineAR (IP:CSE) (IPNFF:OTCQB) an Augmented Reality Company that enables businesses to create their own mobile phone AR campaigns is pleased to announce that Troy Miller has joined the Company as […]
Business News
North American airlines say ticket cancellations slowing, demand improving
Two top U.S. airlines and Air Canada said on Tuesday ticket cancellations were slowing and demand was showing signs of improvement since the coronavirus pandemic brought global travel to a virtual standstill last month.
Business News
Oil rises on signs of output cuts and demand hopes
Oil prices rose on Tuesday amid signs that producers are cutting output as promised and on signs of increasing demand as more countries ease out of curbs imposed to counter the coronavirus pandemic.
Business News
AT&T closes its payTV service in Venezuela amid U.S. sanctions
AT&T Inc said on Tuesday it has closed its DirecTV Latin America operations in Venezuela amid sanctions by the United States on the country.