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22 Jan, 2021
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As son of a surgeon, Charles Howell III offers perspective on golf’s resumption
Grooming In Quarantine
Best Buy to furlough 51,000 hourly U.S. store employees

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Category: Business

Best Buy to furlough 51,000 hourly U.S. store employees

April 22, 2020April 16, 2020 jfrealtyinc

Best Buy Co Inc said on Wednesday it would furlough about 51,000 hourly U.S. store employees and that its sales dropped about 5% in the first two months of the current quarter, as the electronics retailer kept its stores shut Read more

Business

J.C. Penney skips interest payment amid bankruptcy fears

April 21, 2020April 16, 2020 jfrealtyinc

J.C. Penney Co Inc said on Wednesday it will not make a $12 million interest payment on its long-term corporate bonds, a day after a report that the department store operator was considering filing for bankruptcy protection. In a regulatory Read more

Business

Tesla, Musk must face shareholder lawsuit over going-private tweet

April 20, 2020April 16, 2020 jfrealtyinc

A federal judge said Tesla Inc and Chief Executive Elon Musk must face a lawsuit claiming they misled shareholders when Musk tweeted that he had secured funding to take his electric car company private in a $72 billion transaction. U.S. Read more

Business

Wells Fargo, BofA and JPMorgan grant overdraft relief as stimulus checks roll in

April 19, 2020April 16, 2020 jfrealtyinc

The top U.S. retail banks said on Wednesday they would provide relief to customers who had overdrawn checking accounts, so that they could reap the full benefits of the federal government’s cash stimulus program. Americans stand to receive payments of Read more

Business

Man GLG hires Asia equities head from rival BlackRock

April 18, 2020April 16, 2020 jfrealtyinc

Man GLG, the discretionary investment arm of asset manager Man Group (EMG.L), has hired Andrew Swan from rival BlackRock (BLK.N) to lead its Asia ex-Japan equities business, it said on Thursday. He will join the firm in Sydney in the Read more

Business

Costco, P&G, J&J among few to hike dividend during crisis

April 17, 2020April 16, 2020 jfrealtyinc

Warehouse operator Costco Wholesale Corp (COST.O) on Wednesday raised its quarterly dividend by about 8%, joining a small but growing list of companies to do so at a time when most of corporate America is suspending shareholders returns in order Read more

Business

Oil bounces back as rising stockpiles seen pointing to lower output

April 16, 2020 jfrealtyinc

Oil rose on Thursday, with U.S. crude rebounding from near-20-year lows in the previous session on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages Read more

Business

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  • As son of a surgeon, Charles Howell III offers perspective on golf’s resumption
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  • Best Buy to furlough 51,000 hourly U.S. store employees
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