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Ecotrust to pay $4.4M to Oregon to settle tax credit case

Ecotrust and a for-profit arm of the organization have agreed to pay $4.4 million to Oregon to settle claims they inflated project costs on two tax credit deals, Attorney General Ellen Rosenblum said Wednesday. The case involved a state program i.....»»

Category: topSource: bizjournalsApr 29th, 2020

Ohio State cutting costs amid Covid-19 as expenses top $35M

Expenses from Covid-19 have already topped $35 million at Ohio State University, and officials there are bracing for more financial impacts in the months ahead. To cut costs, the university has instituted a hiring freeze paused some construction proje.....»»

Category: topSource: bizjournalsApr 27th, 2020

City of Atlanta receives $88 million in federal CARES Act funding

The city of Atlanta has received $88 million in federal funding to help cover the additional costs of running a local government during the coronavirus pandemic. Mayor Keisha Lance Bottoms told the City Council during an April 23 conference call th.....»»

Category: topSource: bizjournalsApr 23rd, 2020

Pernod Ricard sales hit by coronavirus, share buyback halted

French spirits maker Pernod Ricard said on Thursday it was suspending a share buyback of up to 500 million euros ($541 million) and keeping a tight grip on costs in response to the coronavirus epidemic that cut third-quarter sales by 14.5%......»»

Category: topSource: reutersApr 23rd, 2020

Johns Hopkins University expects $475M in losses, pauses capital projects

Johns Hopkins University was in a strong financial position before the pandemic. Now, it is projecting a revenue loss of $100 million in the current fiscal year and trimming costs that could affect its plans for a new building in D.C. Halfway through fi.....»»

Category: topSource: bizjournalsApr 22nd, 2020

Oil slump could cost Texas 1 million jobs this year alone

Historic plunge in crude prices is forcing refineries, drilling companies and other industry players to slash costs......»»

Category: topSource: moneycentralApr 22nd, 2020

Oil slump could cost Texas 1 million jobs this year alone

Historic plunge in crude prices is forcing refineries, drilling companies and other industry players to slash costs......»»

Category: topSource: moneycentralApr 22nd, 2020

Delta Airlines loses $500 million in first quarter

Christiane Cordero reports, though the year started strong for Delta and its employees, the airline is trying to cut costs with voluntary unpaid leaves, and parking 650 planes in its fleet (2:43). WCCO 4 News At Noon — April 22, 2020.....»»

Category: topSource: moneycentralApr 22nd, 2020

Hampton Inn development in New Berlin could receive $1.57 million from city

New Berlin could repay a developer $1.57 million for infrastructure and site prep costs to build a 109-room Hampton Inn & Suites near Interstate 43......»»

Category: topSource: bizjournalsApr 13th, 2020

Airbnb"s losses swelled to $674 million last year, even before the coronavirus crisis crushed its business

Richard Drew/AP Airbnb lost $674 million last year, which was hundreds of millions of dollars more than it lost in 2018, The Wall Street Journal reported. The online travel company's revenue jumped 32% year-over-year, but its costs rose even faster, clim.....»»

Category: topSource: businessinsiderApr 9th, 2020

Waterloo Brewing achieves Record Full-year EBITDA ex one-time costs of $12.0M, up 19% from the Prior Year

Fourth Quarter Highlights: Net Revenue for the quarter grew 18.7% to $14.7 million .....»»

Category: earningsSource: benzingaApr 9th, 2020

Coronavirus update: 1.46 million cases worldwide, 85,397 deaths; Wuhan lifts travel ban, while U.S. case tally tops 400,000

The number of U.S. cases of the coronavirus that causes COVID-19 rose above 400,000 on Wednesday, as companies continued to cut costs and furlough workers as they close offices and idle plants to prevent the spread of the deadly illness......»»

Category: topSource: marketwatchApr 8th, 2020

Coronavirus update: 1.45 million cases worldwide, 83,471 deaths; Wuhan lifts travel ban and U.S. case tally nears 400,000

The number of U.S. cases of the coronavirus that causes COVID-19 headed closer to 400,000 on Wednesday, as companies continued to cut costs and furlough workers as they close offices and idle plants to prevent the spread of the deadly illness......»»

Category: topSource: marketwatchApr 8th, 2020

Tesco warns coronavirus costs could top $1 billion

Britain's biggest retailer Tesco has estimated that the lockdown will cost the firm up to 925 million pounds, the equivalent of 1.1 billion U.S. dollars. Joe Davies reports......»»

Category: videoSource: reutersApr 8th, 2020

Tesco defends dividend payout as warns coronavirus costs could top $1 billion

Tesco has defended its decision to pay investors a 635 million pound ($782 million) dividend while accepting business tax relief from the British government aimed at helping distressed retailers through the coronavirus crisis......»»

Category: topSource: reutersApr 8th, 2020

Britain"s Tesco warns coronavirus costs could top $1 billion

Britain's biggest retailer Tesco estimated a hit of up to 925 million pounds ($1.1 billion) from the costs of dealing with the coronavirus pandemic and warned it couldn't give profit guidance for the current financial year......»»

Category: topSource: reutersApr 8th, 2020

Britain"s Tesco says coronavirus costs could reach $1.1 billion

Britain's biggest retailer Tesco expects to take a hit of up to 925 million pounds ($1.1 billion) from the costs of dealing with the coronavirus pandemic and warned it was unable to give a profit forecast for this financial year......»»

Category: topSource: reutersApr 8th, 2020

Luckin Coffee stock plummets on news of $310 million in fabricated sales

Employees involved in the misconduct inflated certain costs and expenses in falsified transactions, Luckin said in a Thursday regulatory filing......»»

Category: topSource: moneycentralApr 2nd, 2020

Blue Cross and Blue Shield of North Carolina to waive all costs for COVID-19 treatment

The state's largest health insurer says it will cover all costs for COVID-19 treatment for most of its 3.8 million members — a big, and potentially costly, step in the fight against the pandemic.  Durham-based Blue Cross and Blue Shield of North .....»»

Category: topSource: bizjournalsApr 2nd, 2020

Atlanta payments company EVO sees transactions fall due to COVID-19, cuts costs, raises $150M

Atlanta payments company EVO said March 29 its business has been hurt by the COVID-19 pandemic, and as a result it is cutting costs and has raised $150 million in a stock sale. Founded in 1989, EVO Payments Inc. is a payment processor servicing more tha.....»»

Category: topSource: bizjournalsMar 30th, 2020