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Goldman Sachs profit halves on mounting loan loss provisions
Goldman Sachs Group Inc reported a 49% fall in quarterly profit on Wednesday, as the bank put aside nearly $1 billion to meet future loan defaults and booked heavy losses on its debt and equity investments......»»
Mayo Clinic lets go of contract employees, reduces pay and halts most construction
All Mayo Clinic sites, including Jacksonville, are significantly reducing expenses — including pausing construction — due to a $3 billion system wide deficit. The clinic said in a statement to the Business Journal that Mayo is facing unprecedent.....»»
Badgers preparing for possible COVID-19 impact on big revenue generating football program, deputy AD says
The closure of the campus has not stopped renovations to sports facilities. Construction is currently being done to the Wisconsin Field House, a multipurpose arena on campus......»»
Construction freeze is adding to industry’s debt risk
New York City’s construction shutdown has derailed a $66 billion industry, increasing the risk on billions in loans issued to fund projects across the city. Before the virus outbreak, more than 450... To view the full story, click the title link......»»
TSMC plans NT$21.6 billion bond sale
TSMC's board of directors on April 6 approved the issuance of NT$21.6 billion (US$715.8 million) in unsecured corporate bonds to fund the construction of new facilities and equipment, according to a company filing with the Taiwan Stock Exchange (TWSE)......»»
COVID-19: Principia report tracks impact on lumber and building materials
Principia, a provider of business insights to the building materials and business construction industry, tracks $72 billion of residential revenue sold in selected building product categories (roofing, siding, e.....»»
Even as COVID-19 spreads, some sports stadium construction is "essential" and the work goes
As the construction of some sports facilities continues, it's putting a spotlight on the tension between economic pressures .....»»
New construction projects in Austin being delayed because of coronavirus
As the virus' economic fallout grows, and with a likely recession looming, what will happen to Central Texas' booming real estate market? Projects already underway are probably OK but the picture is bleaker for new builds, experts say......»»
Coronavirus slows down high-profile downtown highway construction project
Highway projects, including the very prominent rebuild of the I-71/I-70 interchange in downtown, could be delayed because of the ongoing coronavirus pandemic......»»
U.S. pension funds may pour $400 billion into stocks, lifting virus-hit markets: JP Morgan
U.S. pension funds that delayed rebalancing their portfolios are likely to pump about $400 billion into stocks over the next two quarters, analysts at JP Morgan said, providing a potential boost to equity markets battered by the coronavirus pandemic......»»
Mexico"s President says will comply with public vote to halt brewery project
Mexico's President Andres Manuel Lopez Obrador on Saturday said his government will comply with a public consultation to halt the construction of U.S. brewer Constellation Brands Inc's more than $1 billion brewery project in the border city of Mexicali......»»
Construction begins on delayed Triad apartment community
Apartments were scheduled for completion two years ago. Now the developer has a new general contractor and a new management team......»»
Crew stadium still on schedule as construction presses on amid coronavirus pandemic
Columbus’ soccer fans may not have to worry about the coronavirus pandemic disrupting the mid-2021 opening of Columbus Crew SC’s new Arena District stadium. Construction is still ongoing on the stadium in the midst of Gov. Mike DeWine’s stay-a.....»»
Mexican referendum rejects U.S. Modelo brewer in new investment blow
The Mexican government said on Monday that local residents voted by about 76% to reject the completion of a more than $1 billion brewery under construction by Constellation Brands Inc , a development likely to further shake investor confidence......»»
Exclusive: Goldman injects $1 billion into own money-market funds after heavy withdrawals
Goldman Sachs Group Inc poured more than $1 billion into two of its prime money-market portfolios this week due to heavy investor withdrawals, according to a filing with the U.S. securities regulator......»»
Developer: Coronavirus hasn"t disrupted $1.5B KCI project
While the effects of COVID-19, the disease caused by a strain of coronavirus, are being felt across the city, the outbreak has yet to cause disruptions to the area's biggest construction project: the $1.5 billion single-terminal modernization of Kan.....»»
Motech reports heavy loss for 2019
Solar cell maker Motech Industries has reported net loss of NT$1.318 billion (US$43.38 million) for 2019, and decided to reduce capital......»»
3 Leveraged ETFs For The Fed"s Move To Near Zero
In an effort to rescue the U.S. economy from the effects of the COVID-19 pandemic, the Federal Reserve expended its heavy artillery on Sunday, slashing interest rates to near-zero while revealing a massive $700 billion bond-buying operation. read more.....»»
The Tell: The superrich aren’t sweating this ‘black swan’ market drop — this is why
Must be nice to be cash-heavy right now. The wealthy investors who comprise Tiger 21, a coalition of 750 members worth in excess of $75 billion, raised their cash positions last year to 12% of their portfolio, a level not seen since 2013......»»
IRS May Delay April 15th Tax Deadline; Mnuchin Eyes $200 Billion In Liquidity Through Delayed Payments
IRS May Delay April 15th Tax Deadline; Mnuchin Eyes $200 Billion In Liquidity Through Delayed Payments The IRS is considering a delay of the normal April 15th headline for filing taxes and making payments, according to CBS News'.....»»