August 27, 2020 11:28 am
Having reopened successfully over 100 of its theatres across the United States, AMC plans a second wave of reopenings. The company said that 170 more of its US locations would open on August 27th ahead of the release of “The New Mutants.” Once the second wave of reopenings is complete, AMC will have almost 300 […]
Read moreAugust 26, 2020 11:31 am
Having launched its news service in the United States in 2019, Facebook Inc (FB) revealed plans to introduce the feature in Germany, France, the United Kingdom, Brazil and India during the upcoming months. Facebook shares closed higher for a second consecutive trading session on NASDAQ on Tuesday. It has also been the sharpest single-session gain […]
Read moreAugust 25, 2020 11:27 am
Blackstone Group LP (BX) announced on Monday plans to sell 40% of its stake in Cheniere Energy Inc’s limited partnership to Brookfield Infrastructure. A SEC filing by Blackstone did not state what the value of the agreement was. On the other hand, a report by Bloomberg, citing sources with knowledge of the matter, said the […]
Read moreAugust 24, 2020 11:28 am
Delta Air Lines Inc (DAL) announced last Friday that it intended to resume 50 flights on international routes during the winter and in 2021, which it had suspended because of the coronavirus crisis. The air carrier said that it would resume daily flights from Seattle to Tokyo, Seoul, Beijing and Shanghai. Delta Air shares closed […]
Read moreAugust 21, 2020 11:31 am
American Airlines Group Inc (AAL) announced on Thursday that it intended to cancel flights to 15 airports across the United States in October amid weak demand for air travel. Starting on October 7th, the air carrier will suspend flights to: – Williamsport, Pennsylvania – Stillwater, Oklahoma – Springfield, Illinois – Sioux City, Iowa – Roswell, […]
Read moreAugust 20, 2020 11:22 am
General Electric Company (GE) said on Wednesday that two new power deals had been signed with Iraq’s Ministry of Electricity. GE Gas Power has inked a $500 million agreement aimed to “undertake critical upgrade, maintenance and service of several power plants that will improve efficiency and help maintain over 6,000 MW of electricity.” Meanwhile, GE […]
Read moreAugust 19, 2020 11:23 am
Home Depot Inc’s (HD) comparable sales, reported on Tuesday, rose at the sharpest rate in at least two decades during the second quarter, supported by strong demand for home improvement supplies as consumers remained at home because of the coronavirus pandemic. Home Depot shares closed lower for the third time in the past ten trading […]
Read moreAugust 18, 2020 11:18 am
According to an announcement by Boeing Co (BA) on Monday, company employees will be offered a voluntary layoff package with pay and benefits for the second time in 2020 amid reduced global demand for air travel due to the coronavirus pandemic. The package is to be offered to persons employed in Boeing’s commercial airplanes and […]
Read moreAugust 13, 2020 11:21 am
Chevron Corp (CVX) said on Wednesday that it intended to invest in Zap Energy Inc, a nuclear fusion start-up company. However, the oil giant did not disclose the size of its investment. This way Chevron followed the example of Italy’s ENI and Norway’s Equinor, which have also supported nuclear fusion start-ups in an attempt to […]
Read moreAugust 7, 2020 11:48 am
According to an announcement by a Facebook representative on Thursday, company employees will be allowed to work from their homes until July 2021 because of the COVID-19 pandemic. With this decision the social media giant followed an example by other large tech companies such as Google, which has allowed its staff to work remotely until […]
Read more