Saturday January 29-th, 2022

AMC Entertainment’s Stock Soars on Amazon Acquisition Speculation AMC Entertainment’s Stock Soars on Amazon Acquisition Speculation

Like Netflix Inc., Amazon is eager to shore up its burgeoning position in Hollywood as new and old players scrap for content deals. Amazon, headed by billionaire Jeff Bezos, held prospective buyout talks with top brass at AMC, the nation's largest ...

Temasek eyes stake in Virgin Atlantic Airways Temasek eyes stake in Virgin Atlantic Airways

Shares in Richard Branson's Virgin Galactic slipped 5% in morning trading Monday after the company said it would sell up to 25 million shares to raise money for the Virgin Group's struggling leisure businesses, which have been hit hard by the coron...

Federal government offers bridge financing for big businesses hit by COVID-19 Federal government offers bridge financing for big businesses hit by COVID-19

Any support from Ottawa through the program can not be used to restructure firms. They also say that this support "will not be used to resolve insolvencies or restructure firms, nor will it provide financing to companies that otherwise have the cap...

Chidambaram welcomes Centre’s move to borrow additional Rs 4.2 lakh crore Chidambaram welcomes Centre’s move to borrow additional Rs 4.2 lakh crore

The Government's estimated gross market borrowing in the financial year 2020-21 will jump to ₹12 lakh crore against ₹7.80 lakh crore estimated in the budget on account of the COVID-19 pandemic, the Reserve Bank of India (RBI) said in a statement.

Major League Baseball employees have COVID-19 antibodies in study of 5754 participants Major League Baseball employees have COVID-19 antibodies in study of 5754 participants

The Red Sox confirmed to MassLive's Chris Cotillo that they were one of the 27 teams to participate in the study. After adjusting for potential testing error, the researchers reported a positive rate of 0.7%. Sixty people tested positive in the raw d...

Saudi Arabia triples Value-Added Tax to counteract oliechok Saudi Arabia triples Value-Added Tax to counteract oliechok

The measures budget is around 100 billion Saudi riyals; including cancelling, extending, or postponing some operational and capital expenditures for some government agencies, as well reducing provisions for the initiative of a number of Vision Realiz...

Devon recycling centres open today Devon recycling centres open today

Residents were urged to follow government guidance and only travel to recycling centres if the waste presents a hazard and "cannot be legally and responsibly disposed of in other ways". 'If however the waste is presenting a hazard and there is no oth...

Delta plans to temporarily suspend service from Long Beach, Burbank airports Delta plans to temporarily suspend service from Long Beach, Burbank airports

By consolidating operations into fewer airports, Delta Senior Vice President Sandy Gordon said the airline will be able to allow more workers to stay home amid pandemic-related social- distancing procedures. Delta had a total of 12 of the 53 flig...

Coronavirus: Stocks on 'firm footing' as Johnson sets out lockdown roadmap Coronavirus: Stocks on 'firm footing' as Johnson sets out lockdown roadmap

Johnson, who returned to work only two weeks ago following his hospitalization for COVID-19, has come under pressure to relieve the pressure on the economy. The five-tier alert system will inform the level of restrictions in the U.K., Johnson said....

RIL fixes May 14 as record date for rights issue RIL fixes May 14 as record date for rights issue

On April 30, RIL's board had approved a rights issue of ₹53,125 crore in the ratio of 1:15 priced at ₹1,257 per share. RIL's share price has since risen to Rs 1,561.80 (Friday's closing price), but rights issue price remains the same. The promote...

Top EU court says it alone can rule on EU bodies' acts Top EU court says it alone can rule on EU bodies' acts

The policy of buying up government bonds is meant to push private investors towards riskier investments. The German judges demanded in particular more details about the pros and cons of the ECB's 2.2 trillion euros ($2.4 trillion) of government bon...

Mazda Motor Seeks $2.8 Billion In Loans To Ride Out Pandemic Mazda Motor Seeks $2.8 Billion In Loans To Ride Out Pandemic

The virus outbreak has dragged down Mazda's sales in North America and Europe, the automaker's mainstay markets, and triggered suspensions of output at its plants in Japan and overseas. Other Japanese automakers have also sought additional funding ...

Elon Musk threatens to move Tesla out of California over restrictions Elon Musk threatens to move Tesla out of California over restrictions

If we even like the Fremont production business at all, it depends on how Tesla is treated in the future, "Musk raged on Twitter ". The billionaire, who is an outspoken opponent of the coronavirus-stalling rules in the USA, earlier described the ...

Saudi Arabia triples Value-Added Tax to support coronavirus-hit economy Saudi Arabia triples Value-Added Tax to support coronavirus-hit economy

Saudi Arabia will host a pledging event for the humanitarian crisis in Yemen on Tuesday, June 2, in partnership with the UN. Tredoblingen of the Value-Added Tax must be to counteract the negative effects of lower prices of crude oil, which is Saud...

Oil prices slip in Asia after big gains last week Oil prices slip in Asia after big gains last week

Meanwhile, adding that the Friday's (May 8th) gains would unlikely to sustain in a short- to medium-term outlook, President of Ritterbusch and Associates in Galena, Illinois, Jim Ritterbusch wrote in a client report on Friday (May 8th), "This advan...

JC Penney Permanently Closing 200 Stores

J.C. Penney is one of the country's oldest department store chains having been in business for 118 years, but it has always been in decline, according to Reuters , and is now $4 billion in debt. J.C. Penney is also considering alternatives that incl...

GSK sells $3.4 billion Hindustan Unilever stake in largest India block trade GSK sells $3.4 billion Hindustan Unilever stake in largest India block trade

A man passes by the office of Hindustan Unilever Limited. Mumbai: Global healthcare major GlaxoSmithKline (GSK) on Thursday said it has sold its 5.7% stake in FMCG major Hindustan Unilever (HUL) for almost Rs 25,500 crore. IFR earlier reported ...

New way to dine out: In greenhouses New way to dine out: In greenhouses

The restaurant hopes to reopen to the public on May 21. How and where we eat may look vastly different than it did a few months ago. With several countries across the world looking to lift coronavirus restrictions and attempting to make a ret...

Tesla secures $565 million loan for Shanghai factory Tesla secures $565 million loan for Shanghai factory

Factory workers were supposed to get back from a five-day Labor Day break on Wednesday, but were told to increase the holiday and return as soon as Saturday, Bloomberg reported, mentioning unnamed sources. Tesla insider said the Shanghai factory is...

Boris Johnson unveils plan for reopening United Kingdom after coronavirus lockdown Boris Johnson unveils plan for reopening United Kingdom after coronavirus lockdown

Johnson said that starting Wednesday, a restriction limiting outdoor exercise to once a day will be lifted and that people will be able to take "unlimited amounts". staying at home remains the best way that you can protect yourself and others". But...

Tesla's Musk Suing California County for Blocking Reopening Tesla's Musk Suing California County for Blocking Reopening

However, Alameda County, along with several other Bay Area counties and cities, last week extended the stay-at-home orders until the end of May and, during a video streamed town hall meeting Friday, said that Tesla did not have the "green light" t...

Meet Magnolia: Gerber’s first adopted ‘spokesbaby’ Meet Magnolia: Gerber’s first adopted ‘spokesbaby’

On the TODAY show on Friday, the announcement was made of the company's decision to Magnolia's parents, Courtney and Russell, and her big sisters, Whitney , 12 and Charlotte , 8, in their family home, according to NBC New York . The sheer deli...

Sweet Tomatoes to stay closed for good, report says Sweet Tomatoes to stay closed for good, report says

Garden Fresh Restaurant Group CEO John Haywood told the San Diego Union-Tribune that with FDA guidance against any kind of self-serve food and beverage, a salad bar can't operate. The first restaurant opened in 1978 in San Diego. Here in Central Fl...

Mnuchin warns of 'permanent economic damage' unless U.S. reopens Mnuchin warns of 'permanent economic damage' unless U.S. reopens

President Donald Trump declared on Friday he is in "no rush" for Congress to pass more stimulus measures to bolster the economy, just hours after the Labour Department reported that an unprecedented 20 million jobs were lost in April. "I don't want t...

Canada PM 'worried' about situation in Montreal

Early this week, the Chinese Embassy in Ottawa said one million faulty N95 masks that arrived in Canada from China last month were the result of a "contractual" issue that had since been resolved. He was asked if the government is focusing on the r...

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