Additionally, it reported a net loss of $11.53 per share, compared with a profit of 44 cents a year ago. Revenue was reported at $3.03 billion, better than $3.01 billion expected from analysts. Macy's share price trades around 3% higher in NY, extending weekly gains to over 17%. "While we continue to see challenges ahead, we've taken the necessary actions to stabilize our business and give us ... [Full Article...]
Corps Commanders of the Indian and Chinese armies are scheduled to meet Tuesday morning at the Chushul border point as part of efforts to de-escalate the situation on the Line of Actual Control in Ladakh . On June 22, the talks took place for around 11 hours and the dialogue was held in a cordial, favourable and constructive ambiance and there was a "mutual consensus to disengage". [Full Article...]
Rick Osterloh, who is in charge of Google's hardware division, talked about ambient computing quite a bit as well. Before the official announcement, Canadian news publication The Globe and Mail reported that Google would pay $180 million for North, but neither involved vendor has confirmed a price. [Full Article...]
At the beginning of March 2020, before the first Covid-19 case was reported in South Africa on 5 March 2020, spirits were low as the country had slumped into a second recession in consecutive years. While load shedding played a significant role in the contraction of the economy in the fourth quarter of 2019, Covid-19 emerged as the likely culprit for extending the economy's contraction into th... [Full Article...]
On June 24, 2020, gold prices on the MCX hit a high of Rs. 48589 per 10gm. The rupee may strengthen to 75 per dollar by the end of December, an advance of about 1 per cent from Friday's close of 75.6475, according to a Bloomberg survey. [Full Article...]
Kirkland & Ellis LLP is serving as legal counsel, Alvarez & Marsal is serving as restructuring advisor, Rothschild & Co and Intrepid Financial Partners are serving as financial advisors, and Reevemark is serving as communications advisor to the Company. [Full Article...]
The Cirque du Soleil , whose aerobatic shows have been halted by COVID-19, has filed for creditor protection while it develops a plan to restart its business. Shareholders will put aside $20m for extra relief for employees and contractors affected by the move. The company's existing secured creditors will get $50 million of unsecured, takeback debt as well as a 45% equity stake in the restructu... [Full Article...]
The move is subject to talks with unions which have opposed compulsory redundancies. The overall tally includes another 900 job cuts planned before the crisis at its Premium AEROTEC unit in Germany. But Faury said Airbus would most probably make further minor adjustments, without giving details. The company had already in April said it was cutting production of its planes by around a third. [Full Article...]
Additionally, it reported a net loss of $11.53 per share, compared with a profit of 44 cents a year ago. Revenue was reported at $3.03 billion, better than $3.01 billion expected from analysts. Macy's share price trades around 3% higher in NY, extending weekly gains to over 17%. "While we continue to see challenges ahead, we've taken the necessary actions to stabilize our business and give us ... [Full Article...]
Corps Commanders of the Indian and Chinese armies are scheduled to meet Tuesday morning at the Chushul border point as part of efforts to de-escalate the situation on the Line of Actual Control in Ladakh . On June 22, the talks took place for around 11 hours and the dialogue was held in a cordial, favourable and constructive ambiance and there was a "mutual consensus to disengage". [Full Article...]
Rick Osterloh, who is in charge of Google's hardware division, talked about ambient computing quite a bit as well. Before the official announcement, Canadian news publication The Globe and Mail reported that Google would pay $180 million for North, but neither involved vendor has confirmed a price. [Full Article...]
At the beginning of March 2020, before the first Covid-19 case was reported in South Africa on 5 March 2020, spirits were low as the country had slumped into a second recession in consecutive years. While load shedding played a significant role in the contraction of the economy in the fourth quarter of 2019, Covid-19 emerged as the likely culprit for extending the economy's contraction into th... [Full Article...]
On June 24, 2020, gold prices on the MCX hit a high of Rs. 48589 per 10gm. The rupee may strengthen to 75 per dollar by the end of December, an advance of about 1 per cent from Friday's close of 75.6475, according to a Bloomberg survey. [Full Article...]
Kirkland & Ellis LLP is serving as legal counsel, Alvarez & Marsal is serving as restructuring advisor, Rothschild & Co and Intrepid Financial Partners are serving as financial advisors, and Reevemark is serving as communications advisor to the Company. [Full Article...]
The Cirque du Soleil , whose aerobatic shows have been halted by COVID-19, has filed for creditor protection while it develops a plan to restart its business. Shareholders will put aside $20m for extra relief for employees and contractors affected by the move. The company's existing secured creditors will get $50 million of unsecured, takeback debt as well as a 45% equity stake in the restructu... [Full Article...]
The move is subject to talks with unions which have opposed compulsory redundancies. The overall tally includes another 900 job cuts planned before the crisis at its Premium AEROTEC unit in Germany. But Faury said Airbus would most probably make further minor adjustments, without giving details. The company had already in April said it was cutting production of its planes by around a third. [Full Article...]