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Lazard axes 200 jobs as profit falls amid dealmaking slowdown

Lazard Ltd said on Thursday it had axed about 200 employees after a review of its business, as the investment bank reported a 21% drop in third-quarter adjusted net income amid a slowdown in worldwide deal activity......»»

Category: topSource: reutersOct 31st, 2019

Houston-based chemical co. Prince International to acquire Ferro Corp. in $2.1B deal

After the Ferro deal closes, Prince will combine with Chromaflo Technologies. Once the three companies combine, they are expected to create a global diversified business with sales of approximately $2 billion......»»

Category: topSource: bizjournalsMay 11th, 2021

Sysco sales miss expectations but says "a robust business recovery" is ahead

Foodservice distributor Sysco Corp. reported fiscal third-quarter net income of $88.9 million, or 17 cents .....»»

Category: topSource: marketwatchMay 4th, 2021

GE posts lower sales, loss on restructuring moves

General Electric’s revenue fell 12% to $17.1 billion, reflecting a 28% decline in its aviation unit and a 9% drop in its healthcare unit after selling off part of the business......»»

Category: topSource: foxnewsApr 27th, 2021

How fear and shootings drive business for the gun industry

Ruger chief executive Chris Killoy called the company's recent sales boom “historic” and “ferocious” in an earnings call with investors on Feb. 18. One month later, the alleged Boulder shooter purchased a Ruger assault pistol......»»

Category: worldSource: nytMar 25th, 2021

Economic Report: U.S. retail sales drop 3% in February before new round of stimulus checks

Sales at U.S. retailers fell 3% in February due to a lapse in government aid and a bout of unusually bad weather, but business is expected to pick up again soon after Washington sent $1,400 stimulus checks to most Americans......»»

Category: topSource: marketwatchMar 16th, 2021

CityWatch: House stimulus bill could send $34 billion to New York state

Closure of entire segments of New York City’s economy have dried up revenue from sales, business and personal income taxes......»»

Category: topSource: marketwatchMay 13th, 2020

When his income dried up overnight, he launched a Zoom trivia business from scratch. Now, this former restaurant sales director is making more than ever and has diehard fans from Alaska to Nepal.

Walsh Trivia Stephen Walsh was working in events in the Baltimore restaurant and bar scene when the coronavirus outbreak hit the US.  When Walsh realized his entire income was going to dry up overnight, he scrambled to launch a virtual .....»»

Category: topSource: businessinsiderMay 4th, 2020

Senseonics receives millions from PPP, increases borrowing amid strategic review of business

The Maryland life sciences company halted domestic commercial sales and announced a possible sale of the business at the end of March......»»

Category: topSource: bizjournalsApr 27th, 2020

Unilever food sales drop as coronavirus closes ice cream parlors, other eateries

Unilever owns popular ice cream brands including Ben & Jerry's, Breyers, Klondike and Magnum......»»

Category: topSource: foxnewsApr 23rd, 2020

Coronavirus delivers a record blow to US retail sales

U.S. retail sales suffered a record drop in March as mandatory business closures to control the spread of the novel coronavirus outbreak depressed demand for a range of goods......»»

Category: topSource: moneycentralApr 15th, 2020

U.S. retail sales collapse as coronavirus keeps consumers at home

U.S. retail sales suffered a record drop in March as mandatory business closures to control the spread of the novel coronavirus outbreak depressed demand for a range of goods, setting up consumer spending for its worst decline in decades......»»

Category: topSource: reutersApr 15th, 2020

Coronavirus delivers record blow to U.S. retail sales in March

U.S. retail sales suffered a record drop in March as mandatory business closures to control the spread of the novel coronavirus outbreak depressed demand for a range of goods......»»

Category: topSource: moneycentralApr 15th, 2020

Coronavirus delivers record blow to U.S. retail sales in March

U.S. retail sales suffered a record drop in March as mandatory business closures to control the spread of the novel coronavirus outbreak depressed demand for a range of goods......»»

Category: topSource: moneycentralApr 15th, 2020

Coronavirus delivers record blow to U.S. retail sales in March

U.S. retail sales suffered a record drop in March as mandatory business closures to control the spread of the novel coronavirus outbreak depressed demand for a range of goods, setting up consumer spending for its worst decline in decades......»»

Category: topSource: reutersApr 15th, 2020

Coronavirus seen knocking U.S. retail sales in March

U.S. retail sales likely suffered a record drop in March as mandatory business closures to control the spread of the novel coronavirus outbreak depressed demand for a range of goods, setting up consumer spending for its worst decline in decades......»»

Category: topSource: reutersApr 15th, 2020

Sales surge for fitness influencers, the coronavirus changes YouTube viewing habits, and Rihanna"s TikTok house closes

Hanna Coleman Welcome to this week's Influencer Dashboard newsletter! This is Amanda Perelli, writing to you from my desk at home, and here's an update on what's new in the business of influencers and creators.See the .....»»

Category: topSource: businessinsiderMar 26th, 2020

The effects of coronavirus on Colorado businesses may be underestimated, study says

A 50% drop in sales in just four sectors could reduce personal income by more than $9 billion in Colorado......»»

Category: topSource: bizjournalsMar 25th, 2020

The Galaxy S20 Ultra is too fragile for a $1,400 smartphone

Antonio Villas-Boas/Business Insider I accidentally dropped Business Insider's Galaxy S20 Ultra review unit from knee height without a case, and the drop damaged the screen, back, and camera module.  The surface was concrete, which I'm sur.....»»

Category: topSource: businessinsiderMar 10th, 2020

Revolve shares sink 17% after inventory troubles pressure sales

Revolve Group Inc. shares sank 17.7% in Wednesday premarket trading after the e-commerce apparel business reported a sales miss and gave weak guidance. Net income totaled $8.4 million, or 12 cents per share, up from $7.7.....»»

Category: topSource: marketwatchFeb 26th, 2020