Yahoo Finance's Oscar Williams-Grut has the latest from London.
Yahoo Finance's Oscar Williams-Grut has the latest from London.
The Chocolate Packaging Market will grow by $ 3.76 bn during 2020-2024
TiO2 market research report from SpendEdge indicates an incremental growth by USD 7 billion during the period 2020-2024.
Here are the steps for landing the perfect loan, so you can buy your dream home.
The singer said he had set out to make an R&B record.
A cresting wave of COVID-19 infections mean the near-term outlook for jobless workers is grim.
John Wall, senior vice president and chief financial officer of Cadence, will participate in a fireside chat at the Nasdaq 43rd Investor Conference.
Allianz Global Investors U.S. LLC ("AllianzGI U.S."), investment manager to each of the Funds listed above, announced today that (i) the shareholders of 5 of its Closed-End Funds (each, an "Approving Fund") voted to approve a new investment advisory agreement with Virtus Investment Partners, Inc. ("Virtus") at its Special Meeting of Shareholders (the "Meeting") as well as the relevant subadvisory agreements, and (ii) the Meeting has been adjourned with respect to the remaining funds (each, an "Adjourning Fund") to a later date and time as described in this press release in order to permit the solicitation of additional shareholder votes.
The Government's easing of coronavirus restrictions over Christmas will "almost certainly" lead to a rise in the infection rate, experts have warned. The British Medical Association (BMA) said the virus "does not discriminate", adding that the priority now should be to drive down the infection rate as much as possible by Christmas. The UK Government and devolved administrations have agreed a temporary easing of measures which will allow three households to mix in a bubble from December 23 to 27.
Hoping to prove that he played an instrumental role in Michael Jordan’s rise from coveted prospect to cultural phenomenon, Sonny Vaccaro is putting a one-of-a-kind piece of memorabilia up for auction.
‘America first – shouldn’t go away from that,’ outgoing president says, offering some advice to his replacement
Rules covering meeting inside hospitality settings will depend on what tier of restrictions in England a venue is in.
BTS, Lady Gaga and The Weeknd were left out of selection
(Bloomberg) -- Dell Technologies Inc. and HP Inc. reported quarterly revenue that topped Wall Street estimates, lifted by customer upgrades of personal computers for remote work and school during the pandemic.Dell’s sales climbed 2.8% to $23.5 billion in the period that ended Oct. 30, the Round Rock, Texas-based company said Tuesday in a statement. Rival HP reported it shipped a record 19 million PCs in its recent quarter, as well as more home printers than it has sold in years. HP also gave a profit forecast for the current period that beat analysts’ projections and said it would raise its quarterly dividend 10%.Michael Dell and HP Chief Executive Officer Enrique Lores are trying to revamp their PC makers into more profitable businesses. Both companies have taken steps to cut operating expenses during the pandemic, and they produced better-than-projected profits in the October quarter. Billionaire Dell is trying to spur more predictable, recurring revenue by letting corporate clients pay for products over time rather than upfront. Lores, meanwhile, is overseeing a corporate restructuring that will result in lower expenses and a smaller workforce.“We are very optimistic about where the company is going to be going during the next quarters and years,” Lores said in an interview.HP shares gained about 6% in extended trading, helped by the company’s announcement that it would boost the quarterly dividend to 19.38 cents a share. Dell’s stock, which has jumped 37% this year, was little changed after closing at $70.33 in New York.HP’s revenue fell about 1% to $15.3 billion in the period that ended Oct. 31, the Palo Alto, California-based company said in a statement. Analysts, on average, expected $14.7 billion, according to data compiled by Bloomberg. Profit, excluding some items, was 62 cents a share in the fourth fiscal quarter, while analysts projected 52 cents.Adjusted profit in the current quarter will be 64 cents to 70 cents a share, HP said. Analysts, on average, estimated 54 cents.Dell’s sales from consumer PCs jumped 14% to $3.5 billion in the fiscal third quarter, the company said. PC sales to business and government clients increased 5.4% to $8.78 billion. Server and networking sales fell 1.8% to $4.16 billion, the seventh consecutive quarter of year-over-year declines for the unit. Executives said they expect continued “soft” data-center spending in the current period. Storage hardware revenue declined 7% to $3.86 billion.Sales of HP’s Personal Systems, mostly computers, was little changed from a year earlier at $10.4 billion. Revenue from consumers jumped 24% while business sales decreased 12%. Printing revenue declined 3% to $4.8 billion. The company reported a 21% rise in consumer hardware sales and a 22% drop in hardware revenue from businesses.While corporate customers aren’t buying printers with their offices closed or at reduced capacity, Lores said demand from consumers working at home was so strong that HP shipped 12 million printers in the quarter -- the highest number since the corporate split from Hewlett Packard Enterprise Co. in 2015.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Syria's military said suspected Israeli warplanes struck locations south of the capital Damascus late Tuesday, causing only material damage, state-run media reported. The report, which quotes an unidentified military official, said the warplanes struck shortly before midnight south of Damascus, from the Israeli-occupied Golan Heights. Earlier, the state Syrian Arab News Agency SANA said Syria's air defenses responded to incoming missiles.
BAE Systems has received a $197.4 million contract from the U.S. Navy to drydock and perform maintenance and modernization work aboard the USS Wasp.
(Bloomberg) -- Treasury Secretary Steven Mnuchin will put $455 billion in unspent Cares Act funding into an account that his presumed successor, former Federal Reserve Chair Janet Yellen, will soon need authorization from Congress to use.The money will be placed in the agency’s General Fund, a Treasury Department spokesperson said Tuesday. Most of it had gone to support Federal Reserve emergency-lending facilities, and Mnuchin’s clawback would make it impossible for Yellen as Treasury secretary to restore for that purpose without lawmakers’ blessing.Democrats swiftly criticized the move, with Bharat Ramamurti, a member of the congressionally appointed watchdog panel overseeing Fed and Treasury Covid-19 relief funds, saying “the good news is that it’s illegal and can be reversed next year.”A Treasury spokesperson rejected that analysis, saying Mnuchin’s move was legal under the Cares Act stimulus law that originally provided the funding. Republicans and Democrats similarly clashed on Friday over whether the outgoing Treasury chief’s reading of the law required the phasing out of a welter of Fed facilities at year’s end.President-elect Joe Biden has selected Yellen as his nominee for Treasury secretary. His transition team last week called Mnuchin’s demand for the return of funds from the Fed “deeply irresponsible,” but Mnuchin has denied that he was attempting to limit Biden’s options for reviving the economy.Read More: Congress Splits Along Party Lines Over Fed-Facilities MoveThe Treasury’s general fund can only be tapped with “authority based on congressionally issued legislation,” according to the department’s website.The move leaves just under $80 billion available in the Treasury’s Exchange Stabilization Fund, a pot of money that can be used with some discretion by the Treasury chief. By contrast, the Cares Act funds had specific uses, and weren’t available for general government spending purposes.Any move by Yellen to take the money back out of the general account and into the stabilization fund would likely trigger a wave of Republican protests -- a battle she may prefer to avoid early in her tenure.The money in question includes $429 billion that Mnuchin is clawing back from the Fed -- which backed some of the central bank’s emergency lending facilities -- and $26 billion that Treasury received for direct loans to companies. Both initiatives were created under the Cares Act that was passed in March as the coronavirus pandemic inflicted economic pain on the U.S.The Cares Act spelled out some limitations for the deployment of unused funds beyond Jan. 1, 2021, without specifically mentioning whether that money could be parked in the Treasury’s general account. The law does specify that unused money on Jan. 1, 2026, needed to be put in the general account and used for “deficit reduction.”Mnuchin sent a letter to Powell last week asking for the return of money provided to the Fed as a backstop that allowed the central bank to lend to certain markets in times of stress. The Fed publicly objected to the move, but agreed to return the funds to the Treasury.Mnuchin insists that he is following the letter of the law in sunsetting the Fed’s Cares-related lending programs.He said that many markets are no longer in danger of seizing up and don’t need aid beyond next month, when the programs are scheduled to expire.The Treasury chief said that the funds can be better applied to specific areas of the economy with the greatest need, through congressionally approved grants.“For companies that are impacted by Covid -- such as travel, entertainment and restaurants -- they don’t need more debt, they need more PPP money, they need more grants,” Mnuchin said in an interview last week.Mnuchin isn’t required to move the money into the General Fund -- the Cares Act indicates that the Treasury Department can maintain access to the money by keeping it in its Exchange Stabilization Fund until 2026.“Secretary Mnuchin is engaged in economic sabotage, and trying to tie the Biden administration’s hands,” Democratic Senator Ron Wyden said in a statement after Bloomberg reported on the Treasury’s plans.Earlier Tuesday, Republican Senator Pat Toomey -- a GOP member of the congressionally appointed watchdog panel -- by contrast signaled a warning against any move by Yellen to restart the funding of Fed facilities.“I look forward to discussing with her a variety of issues, especially the legal requirement for Cares Act temporary emergency lending facilities to shut down by year-end and remain shut down, absent further congressional action,” Toomey said.(Updates with legality question starting in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bontis, elected Soccer Canada president on Friday, takes over from the outgoing Steven Reed, who had served the remaining three years of Victor Montagliani’s four-year term after the latter became top man at regional governing body CONCACAF. "The elephant in the room is the recovery from COVID, the lockdown, the pandemic this is critically important," he told reporters during an introductory news conference on Tuesday. "We still have scarce resources but our men's and women's national teams are the priority."
Toilet paper will no longer be the only essential hygiene item available free of cost in Scottish facilities.
Build those structures. Keep them from harm. Collect that loot. Repeat.From Popular Mechanics
Everything you need this season.