Sony predicts 40 percent profit drop in film and TV division
Sony said it expects to log a 40 percent decline in full-year profit at its film and TV studio unit due to the pandemic. That’s marks a revision from the … Read More
Category: Economy
Trumps weighs executive action to suspend evictions, payroll tax
White House officials, Democrats ‘very far apart’ on coronavirus stimulus: Rep. Steube Rep. Greg Steube, R-Fla., provides insight into the coronavirus stimulus stalemate. President Trump said on Monday he was … Read More
Disney Earnings: What to Look For
Key Takeaways Analysts estimate adjusted EPS of -$0.70 vs. $1.35 in Q3 2019 Parks, Experiences, and Products revenue is expected to plunge 84.6%. COVID-19 is expected to cause sharp decline … Read More
Best Buy $15 minimum wage kicks in for tens of thousands of hourly workers
Coronavirus pandemic created a ‘tale of two retail worlds’: Shopify COO Shopify COO Harley Finkelstein discusses how the coronavirus pandemic impacted e-commerce and its new series about entrepreneurs. Best Buy's … Read More
Complaints and refunds: how to get companies to listen
If it feels as if every company you have contacted in recent months has done everything it could not to talk to you, that may be right. Airlines, holiday firms, … Read More
ExxonMobil posts largest loss ever as COVID-19 pandemic hammers oil industry
ExxonMobil reported its biggest-ever quarterly loss on Friday as the coronavirus pandemic slammed demand and prices for oil. The Texas-based oil giant lost nearly $1.1 billion from April to June … Read More
U.S. Jobless Claims Rise For 2nd Straight Week, But Edge Up Less Than Expected
First-time claims for U.S. unemployment benefits increased for the second straight week in the week ended July 25th, according to a report released by the Labor Department on Thursday, although … Read More
Unemployment claims rise for second straight week as coronavirus spike curbs recovery
Coronavirus pandemic forcing another company to cut jobs Fox Business Briefs: L Brands is planning to lay off about 15 percent of its corporate employees, approximately 850 people. The number … Read More
Kodak’s top exec sees $200 million windfall on stock frenzy
The net worth of Kodak’s top executive has skyrocketed on the company’s transformation from an ailing camera maker to cutting-edge pharmaceutical start-up — thanks in part to some timely share … Read More
Canopy Growth Stock Nears 2-Month High After US Website Launch
Canopy Growth Corporation (CGC) stock surged 14.86% Tuesday after the Canadian marijuana producer launched its highly anticipated website to sell cannabis products in the United States. The company's e-commerce platform … Read More