Markets
Treasury Dept.: Stimulus checks should be distributed starting in mid-April
No. It will not count toward your 2020 income. Individual taxpayers who have an AGI between $75,000 and $99,000, head of households making $112,500 and $136,500, and married couples filing jointly with an income between $150,000 and $198,000 are eligible for reduced payments , the IRS states. [Full Article...]
Disney World to furlough 43,000 workers during coronavirus closure
Since then, the company has been working with a variety of unions - such as the American Federation of Musicians Local 389 and the International Brotherhood of Electrical Workers Local 2088 - to come to agreements about their members. [Full Article...]
IU Health seeks COVID-19 survivors to donate plasma for potential cure
Blood plasma and other specimens for future research will be collected through the UCLA Blood and Platelet Center by appointment only and donors will have to meet all standard blood donor screening requirements. "They are anxious to begin the program". In addition to potentially saving lives, the clinical trial will help researchers better understand antibody response to COVID-19, test develop... [Full Article...]
3 more S.I. Amazon workers test positive for coronavirus
The company dismissed claims that more workers had been diagnosed with COVID-19, but Chris Smalls, a processing assistant who helped organize today's walkout, called that number statistically impossible. "This is unacceptable and we have terminated his employment as a result of these multiple safety issues.", said Amazon in a statement . Had Smalls been exposed that day, a 14-day mandatory quaran... [Full Article...]
Oil drop saps gains as Wall Street fades late
Wednesday's rally put the S&P 500 and Dow up more than 10% each for the week, while the NASDAQ was up 9.7%. That was also the early trend of Tuesday, before the gains vanished. "Positive momentum coming out of Monday's world market rally has continued overnight and into this morning", said Colin Cieszynski, chief market strategist at SIA Wealth Management in Toronto. [Full Article...]
Debenhams enters administration with thousands of jobs at risk
While it may be trying to save its stores in the U.K., Debenhams plans put its Irish business into liquidation. Its UK parent this week went into administration, a form of insolvency protection, although the British arm will continue to trade. [Full Article...]
Yelp Launches 1,000 Employees, Leaves 1,100 More Without Permission
Aside from the layoffs, Yelp has also furloughed 1,100 staff. Those employees are considered unpaid leave until further notice (with some exceptions): they will receive two weeks of additional pay and retain their benefits. Baird. Back in December, Yelp reported having 5,950 employees globally, so the staffing cuts will impact over a third of its workforce. In addition, Stoppelman mentioned he w... [Full Article...]
France rules Google must pay news firms for content
The competition authority said in a statement, that, quote "Google's practices caused a serious and immediate harm to the press sector". The authority decided to make the interim ruling following complaints by the Agence France-Presse (AFP) and several unions representing publishers. [Full Article...]