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Even with the rollout of a vaccine — a literal and figurative shot in the arm for an overworked front-line staff — hospitals could spend months or years digging out of the financial hole that months of reduced volume and extra costs have wrought......»»

While many might be deterred by the hefty costs of starting a semiconductor company, there are still many other entrepreneurs with a silicon dream knocking on the door of Silicon Catalyst (SC), an incubator and accelerator for semiconductor startups......»»

The Sacramento-based health system has incurred heavy costs with its response to the Covid-19 pandemic......»»

Nissan Motor Co plans to cut $2.8 billion in annual fixed costs as part of its restructuring plan, Bloomberg News reported on Wednesday, as it braces for a drop in sales that could complicate its recovery from years of poor profitability......»»

Chicago-based Gogo said it had a loss of $1.04. Losses, adjusted for asset impairment costs, came to 43 cents per share. Last month Gogo said it would furlough more than 600 employees — roughly 60% of its workforce — as the pandemic cuts flight deman.....»»

Uber Technologies Inc. announced a quarterly loss of nearly $3 billion Thursday afternoon, including a write-down of more than $2 billion related to its investments in Asian partners, as the ride-hailing industry suffers from the COVID-19 pandemic......»»

Uber Technologies Inc.’s quarterly loss of nearly $3 billion didn’t do much to dent analysts’ enthusiasm for the ride-hailing stock as Uber’s management outlined plans to cut costs due to pressures from COVID-19......»»

Lyft is playing a defensive game, cutting costs and restructuring, but will be enough to keep the company afloat in these trying economic times?.....»»

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.....»»

Uber Technologies Inc. announced a quarterly loss of nearly $3 billion Thursday afternoon, including a write-down of more than $2 billion related to its investments in Asian partners, as the ride-hailing industry suffers from the COVID-19 pandemic......»»

SoftBank Group forecast a for the fiscal year ended in March, adding $1.4 billion to its prediction from just two weeks ago because of deeper difficulties at the office-sharing startup The Japanese... To view the full story, click the title link......»»

Amazon.com Inc on Thursda.....»»

Amazon.com Inc on Thursday warned that it could post a loss in the second quarter as it tacked on about $4 billion in costs related to the COVID-19 pandemic, sending its shares down 5% in extended trade......»»

Mike Blake/Reuters Twitter reported first-quarter earnings on Thursday that showed a record 24% year-on-year increase in daily a.....»»

SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) for the year ended March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets......»»

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.....»»

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.....»»

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.....»»

Marathon Petroleum Corp , the largest U.S. oil refiner, warned on Wednesday of a first-quarter loss on a roughly $7.8 billion write-down from a sharp fall in fuel demand......»»

Online lender LendingClub Corp said on Tuesday it would lay off 460 employees, including President Steven Allocca, as part of a restructuring plan to slash costs amid the economic fallout of the COVID-19 pandemic......»»