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Hartford Financial rejects Chubb"s hostile buyout bid, stock falls

Shares of Hartford Financial Services Group Inc. dropped 1.1% in premarket trading Tuesday, after the property and casualty insurer said it has rejected Chubb Ltd.'s unsolicited buyout bid......»»

Category: topSource: marketwatchMar 23rd, 2021

Carnival"s stock falls after layoffs, furloughs and salary cuts deemed necessary

Shares of Carnival Corp. dropped 4.3% in .....»»

Category: topSource: marketwatchMay 14th, 2020

Oil falls on fears of second coronavirus wave

Oil prices fell on Monday as investors worried about a second wave of coronavirus infections, but new output cuts from Saudi Arabia tempered worries about oversupply and limited price losses......»»

Category: topSource: reutersMay 11th, 2020

Oil falls on fears of coronavirus second wave

Oil prices fell on Monday as a new wave of coronavirus infections in some countries and concern over a persistent glut cancelled out support from supply cuts by the world's biggest producers......»»

Category: topSource: reutersMay 11th, 2020

Oil up 3% as countries ease lockdowns, production falls

Oil was up 3% on Monday as more countries announced they would begin easing coronavirus lockdowns and as crude supply cuts by the world's top producing nations and companies take hold......»»

Category: topSource: reutersMay 4th, 2020

Oil falls as crude in U.S. storage nears all-time high

Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to catch up with the collapse in demand from the coronavirus pandemic......»»

Category: topSource: reutersApr 26th, 2020

Travelers"s stock falls after profit, revenue fall below expectations; dividend increased

Shares of Travelers Companies Inc. dropped 2.3% in premarket trading Tuesday, after the insurer reported first-quar.....»»

Category: topSource: marketwatchApr 21st, 2020

Disney stock falls after Citi cuts target

Disney stock falls after Citi cuts target.....»»

Category: topSource: marketwatchApr 21st, 2020

WeWork to make further staff cuts by end of May

Despite eliminating thousands of positions in the last six months, WeWork plans to keep cutting. The company will make further headcount reductions by the end of next month, Sandeep Mathrani, the... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 15th, 2020

RealReal cuts 25 percent of staff, warns of 1Q loss

The RealReal, the San Francisco luxury consignment brand, is laying off or furloughing about one quarter of its employees and anticipates a first quarter loss, the company disclosed Tuesday. The company permanently reduced employee headcount by a.....»»

Category: topSource: bizjournalsApr 15th, 2020

Experience Columbus lays off staff, cuts programs as Covid-19 ravages tourism industry

Columbus' tourism organization, Experience Columbus, has had to lay off staff and cut programs as tourism revenue falls due to the coronavirus pandemic. The organization is expecting revenues will drop by $6.4 million in 2020, or about 40% of its $1.....»»

Category: topSource: bizjournalsApr 8th, 2020

Size of OPEC+ oil cuts will depend on how much others cut: source

Any final.....»»

Category: topSource: reutersApr 7th, 2020

Allstate to return $600 million in auto premiums as pandemic cuts driving

U.S. insurer Allstate Corp said on Monday it would return more than $600 million in auto insurance premiums to customers as many Americans drive less due to "shelter-in-place" orders to curb the coronavirus outbreak......»»

Category: topSource: reutersApr 6th, 2020

IntelGenx initially cuts 10% of employee headcount

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallApr 6th, 2020

Allstate to return $600 million in auto premiums to customers as pandemic cuts driving

U.S. insurer Allstate Corp said on Monday that it would return more than $600 million in auto insurance premiums to customers as many Americans stay home and drive less due to "shelter-in-place" orders to curb the coronavirus outbreak......»»

Category: topSource: reutersApr 6th, 2020

Oil falls after Saudi Arabia, Russia delay meeting

Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help reduce global oversupply as the coronavirus pandemic pummels demand......»»

Category: topSource: reutersApr 6th, 2020

Wall Street falls as coronavirus cuts into U.S. payrolls

Wall Street's main indexes fell on Friday as the coronavirus abruptly ended a record U.S. job growth streak of 113 months, leaving little doubt that the economy is in a recession......»»

Category: topSource: reutersApr 3rd, 2020

Driller cuts board in half to weather oil market collapse

Six of the 10 board members of San Antonio-based Abraxas Petroleum Corp. have resigned and will not be replaced as the company looks to cut costs. Abraxas (NASDAQ: AXAS) told investors on March 16 that it was reducing its board size as part of a bro.....»»

Category: topSource: bizjournalsApr 1st, 2020

State budget cuts are "ugly and painful truth" during virus outbreak, Cuomo says

As New York navigates the coronavirus<…; crisis, Gov. Andrew Cuomo and lawmakers are trying to find their way forward on a despite uncertainty about the size of the financial toll the outbreak... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 1st, 2020

GE’s stock falls to 28-year low after aviation unit cuts jobs as coronavirus weighs

Shares of General Electric Co. fell Mon.....»»

Category: topSource: marketwatchMar 23rd, 2020