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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......»»
Carnival"s stock falls after layoffs, furloughs and salary cuts deemed necessary
Shares of Carnival Corp. dropped 4.3% in .....»»
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......»»
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......»»
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......»»
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......»»
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.....»»
Disney stock falls after Citi cuts target
Disney stock falls after Citi cuts target.....»»
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......»»
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.....»»
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.....»»
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......»»
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.....»»
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......»»
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......»»
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......»»
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.....»»
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......»»
GE’s stock falls to 28-year low after aviation unit cuts jobs as coronavirus weighs
Shares of General Electric Co. fell Mon.....»»