Dayton"s Huffy Corp. rolls out new bike line
The Dayton region's iconic bike maker is rolling out a new product. Miami Township-based Huffy Corp. will soon launch a new line of bicycles as part of an ongoing strategy to partner with independent bike dealers. Batch Bicycles is an original product.....»»
Norwegian Cruise stock tumbles after "going concern" language used, prior to proposed debt offering
Norwegian Cruise Line Holdings Ltd. said Tuesday its NCL Corp. subsidiary (NCLC) is proposing to sell $650 million in exchangeable senior notes due 2024 in a private offering. The notes .....»»
Cruise line Cunard extends suspension of voyages
Luxury cruise line Cunard is extending its suspension of sailings as the coronavirus pandemic continues to batter the travel industry. The Valencia, California-based company, which is owned by Miami-based Carnival Corp. (NYSE: CCL), said it is cancell.....»»
Fox Corp. downgraded to In Line from Outperform at Evercore ISI
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.....»»
MicroBT Rolls Out 3 New Bitcoin Miners to Compete With Bitmain Ahead of the Halving
The Shenzhen-based firm is rolling out three new top-of-the-line bitcoin miners hoping to eat further into Bitmain's market dominance......»»
Coronavirus prompts Dayton company to shutter second plant
One of the Dayton region’s few public companies continues to adjust to the coronavirus pandemic. REX American Resources Corp. — an alternative energy investment company with major ethanol holdings — has idled a second ethanol facility. This ti.....»»
FedEx hoards cash, slashes CEO pay amid coronavirus threat
FedEx Corp said on Friday it would pull $1.5 billion from a credit line and slash CEO pay as stay-at-home orders aimed at stemming the spread of the coronavirus in the United States and Europe hammer demand for its lucrative express services......»»
FedEx slashes CEO"s salary, draws $1.5 billion from credit line
FedEx Corp said on Friday it would slash its chief executive officer's pay and draw down $1.5 billion from a credit facility as parcel delivery services take a hit from coronavirus-led lockdowns across the globe......»»
Microsoft makes communications app for Swedish workers on the front line
Swedish Health Services has collaborated with Microsoft Corp. on an app that helps the health care organization monitor and track its resources and patients who have the COVID-19 disease. The app, known as COVID-19 Emergency Response App, has been in .....»»
Dayton one of 10 cities to receive assistance from $100M COVID-19 resilience program
A major U.S. corporation has announced that Dayton is one of 10 cities to receive front-line COVID-19 assistance and enhanced employee benefits as part of a $100 million program. Booz Allen Hamilton, a management and IT consulting firm based in Virgi.....»»
Cruise lines extend trip cancellations into May
Four Carnival Corp. brands and all Norwegian Cruise Line Holdings brands have suspended voyages for another month to avoid more onboard outbreaks of the coronavirus. Doral-based Carnival Corp. (NYSE: CCL) subsidiaries Carnival Cruise Line, Holland A.....»»
Toyota seeks $9.2-billion credit line from Sumitomo Mitsui, MUFG Bank: Kyodo
Toyota Motor Corp has sought a credit line totaling 1 trillion yen ($9.23 billion) from Sumitomo Mitsui Banking Corp and MUFG Bank as a coronavirus pandemic drives up fund-raising costs, Kyodo News said on Friday......»»
Toyota seeks $9.2 billion credit line from Sumitomo Mitsui, MUFG Bank: Kyodo
Toyota Motor Corp has sought a credit line totaling 1 trillion yen ($9.23 billion) from Sumitomo Mitsui Banking Corp and MUFG Bank as fund-raising costs rise on the back of the coronavirus pandemic, Kyodo News reported on Friday......»»
FedEx Posts Lower But In-Line EPS In Fiscal Third Quarter; Net, Operating Income, Margins Sharply Down
FedEx Corp. (NYSE: FDX) reported after the markets closed on March 17 $1.41 in diluted and adjusted earnings per share for its fiscal 2020 third quarter, down from $3.03 per s.....»»
FedEx Posts Lower But In-Line EPS In Fiscal Third Quarter; Net, Operating Income, Margins Sharply Down
FedEx Corp. (NYSE: FDX) reported after the markets closed on March 17 $1.41 in diluted and adjusted earnings per share for its fiscal 2020 third quarter, down from $3.03 per share reported in the same period a year ago. read more.....»»
Cruise company stocks take nosedive amid coronavirus travel warning
Shares of South Florida's three major cruise companies sank by at least 20% Monday after the U.S. Department of State's travel warning. Doral-Based Carnival Corp., Miami-based Royal Caribbean Cruises and Miami-based Norwegian Cruise Line Holdings hav.....»»
Cruise company Street estimates could drop by half after State Department warning: Instinet
Instinet analysts warn that Street estimates for cruise companies, including Carnival Corp. , Norwegian Cruise Line Holdin.....»»
Joint Corp. secures $7.5M line of credit with JPMorgan Chase Bank
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.....»»
Target beats profit and same-store sales expectations, comes up shy on revenue; stock falls
Target Corp. reported Tuesday fiscal fourth-quarter profit and same-store sales that topped expectations, while revenue came up a bit shy, and provided an in-line outlook. The stock fell 3.3% in premarket trading. Net incom.....»»
Royal Caribbean, Norwegian downgraded at Deutsche Bank, citing "too many unknowns"
Deutsche Bank analyst Chris Woronka downgraded Royal Caribbean Cruises Ltd. and Norwegian Cruise Line Holdings to hold from buy, and also slashed his price target on Carnival Corp. , citing to.....»»
Carnival, Royal Caribbean, and Norwegian Cruise Line are taking a financial beating from the coronavirus — here"s how much the companies predict it will hurt earnings this year (CCL, RCL, NCLH)
J Pat Carter/Associated Press The Wuhan coronavirus has had a significant impact on the cruise industry this year. Dozens of cruises have been canceled or changed. Carnival Corp., Royal Caribbean Cruises, and Norwegian.....»»