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Boeing said Sunday that it would extend the suspension of production operations at all Puget Sound area and Moses Lake sites until further notice, amid the COVID-19 outbreak. It is being taken in light of its continuing focus on the health and safety of employees. The company said on March 23 that...

America's biggest banks to defend their plans to continue paying dividends in submissions their annual capital plans to the Federal Reserve on Monday, the Financial Times reported on Sunday, citing people familiar with the situation. The report specified that the Europe's regulators want lenders...

Dean Foods Co. said that the U.S. Bankruptcy Court for the Southern District of Texas has approved the sale of a substantial portion of its business operations to Dairy Farmers of America for $433 million. It includes the sale of the assets, rights, interests and properties relating to 44 of the company's...

Delta Air Lines Inc. (DAL) expects its revenue for the second quarter to be down 90 percent. The second quarter will be even more difficult than the first as the Covid-19 pandemic continues to evolve. The airline continues to see its passenger volumes and revenues drop. Last Saturday it had about...

facebook april03 Facebook on Thursday shared an update on its $100 million small-business grants program announced in March, saying that it will provide $40 million in grants to 10,000 U.S. small businesses that were impacted by the coronavirus pandemic. In March, the social media giant said it is offering $100 million in cash grants and ad credits for up to 30,000 eligible small businesses.

Lockheed Martin said it is extending awards of up to $500 to its employees who are regularly required to work at, or travel to, a designated the company facility or customer site during the COVID-19 crisis. The company is committed to continue hiring during this crisis and have added close to 1,000...

Shares of Immunomedics Inc. (IMMU) are declining 11% in Friday's morning trade. Immunomedics' shares are currently trading at $9.48, down $1.17 or 10.99%, on the Nasdaq, on a higher-than average volume of 3.7 million shares. There have been rumors in the air of a delay in upgrading a facility at...

Shares of prepaid debit card payment solutions provider PaySign, Inc. (PAYS) are climbing more than 13% Friday morning after reporting full-year earnings results.

Shares of New Residential Investment Corp. (NRZ) are down more than 16 percent in Friday's morning trade at $3.54, after falling to a 52-week low of $3.26 earlier. The shares have traded in a range of $3.26 to $17.66 in the past 52 weeks. New Residential Investment is a New York-based real estate...

Shares of HUYA Inc. (HUYA), a game live streaming platform in China, are currently down more than 1%. Chinese tech giant Tencent Holding Limited exercised its options to increase its stake in HUYA. HUYA is currently trading at $16.77, down $0.22 or 1.29%, on the NYSE. HUYA said Tencent has exercised...

Shares of China Xiangtai Food Co., Ltd. (PLIN), primarily engaged in pork processing in China, are climbing more than 10% Friday morning.

Shares of EOG Resources Inc. (EOG) are rising almost 5 percent in Friday's trading at $40.21 despite the absence of any stock-specific news. The shares have traded in a range of $27.00 to $107.89 in the past 52 weeks. EOG Resources is a Houston, Texas-based oil and gas producer. Crude oil prices...

Under Armour Inc. (UA, UAA) said it has extended current store closures until further notice, and withdrawn its first quarter and full-year 2020 outlook, due to ongoing disruption and uncertainty related to the global COVID-19 pandemic. The company will temporarily lay off certain employees, reduce...

Herman Miller, Inc. (MLHR) said the company is implementing a range of actions to temporarily reduce costs and preserve liquidity, including a 10% reduction in cash compensation for the majority of the company's salaried workforce. The company is suspending certain employer-paid retirement contributions...

useconomy april03 The National Retail Federation Chief Economist Jack Kleinhenz stated that while the coronavirus pandemic "has triggered shocks", the underlying U.S. economy is sound unlike during the Great Recession of 2007-2009. However, Kleinhenz noted that bringing the virus under control was crucial or else the fallout would be worse. Kleinhenz also said that retail foot traffic is "nearly nonexistent".

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