Coca-Cola said Friday that the COVID-19 outbreak could drag down its first-quarter earnings by as much as 2 cents. The global beverage giant is forecasting that the virus will hit its quarterly earnings by 1 cent to 2 cents, unit case volume by 2% to 3% and organic revenue by 1% to 2%. Despite the […]
Tag: Breaking News: Business
Sycamore Partners to acquire control of Victoria’s Secret
Victoria’s Secret, which once dominated the lingerie category with its sexy image, will go private in a deal that shows how far the brand as fallen out of favor. Private equity firm Sycamore Partners will acquire a 55% share in Victoria’s Secret from its owner L Brands for $525 million, the companies announced Thursday. Upon the […]
Virgin Galactic is Wall Street’s new favorite speculative stock: SPCE
Virgin Galactic’s First Spaceflight on Dec. 13, 2018 Source: Virgin Galactic Virgin Galactic’s rally began two months ago but trading in the speculative space company has recently accelerated in a way that tops even the momentum behind Tesla. Shares of Virgin Galactic rose as much as 12% in premarket trading Wednesday from its previous close […]
More than 1,000 Justice Department alumni call for Barr’s resignation
US President Donald Trump (L) shakes hands with US Attorney General William Barr (R) during the Public Safety Officer Medal of Valor presentation ceremony at the White House in Washington, DC on May 22, 2019. Jim Watson | AFP | Getty Images More than 1,000 alumni of the Justice Department on Sunday released a letter […]
Trump administration may stop exporting GE’s engines to China: WSJ
A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017. General Electric Co. is scheduled to release earnings figures on January 20. Sharrett / Bloomberg / Getty Images The Trump administration may stop exporting jet engines manufactured partly […]
Bloomberg is considering Hillary Clinton as his running mate, says Matt Drudge
Hillary Clinton speaks onstage at ‘Hillary Clinton and Chelsea Clinton discuss their new book ‘The Book of Gutsy Women’ at The Wilshire Ebell Theatre on November 05, 2019 in Los Angeles, Emma McIntyre | Getty Images Presidential candidate Mike Bloomberg is considering Hillary Clinton as a vice presidential running mate after positive internal polling about […]
The coronavirus appears to be sparing one group of people: Kids
Bangladeshi students wear masks for protection against Coronavirus on January 29, 2020. Mehedi Hasan | NurPhoto | Getty Images The new coronavirus that has already killed more people than the 2003 SARS epidemic appears to be sparing one population group: kids. Of the more than 43,100 people it’s infected since Dec. 31, World Health Organization […]
China becomes increasingly isolated as airlines pull out
Chinese citizens wear face masks to protect against the spread of the Coronavirus as they check in to their Air China flight to Beijing, at Los Angeles International Airport, on February 2, 2020. Mark Ralston | AFP | Getty Images Dai Xin planned to fly to the northeastern Chinese city of Shenyang this month to […]
70% chance of recession in next six months, study from MIT and State Street finds
There’s a 70% chance that a recession will hit in the next six months, according to new research from the MIT Sloan School of Management and State Street Associates. The researchers created an index comprised of four factors and then used the Mahalanobis distance — a measure initially used to analyze human skulls — to […]
Gatorade and Powerade try to adapt as sports drinks sales decline
The first National Football League team to drink Gatorade was the Kansas City Chiefs, who went on to win a Super Bowl that year. For the first time since winning the title in 1970, the Missouri football team is back in the big game this year. In the 50 years since the Chiefs’ victory, Gatorade […]
