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Airbnb gets $1 billion investment for post-virus recovery

Airbnb on Monday announced it was taking a billion dollars in new investment to endure and, it hopes, thrive in a travel world transformed by the coronavirus pandemic. .....»»

Category: topSource: MONEYCENTRAL12 min. ago Related News

China"s Ucar, in which Luckin chairman is top shareholder, halts shares

China's Ucar Inc, in which Luckin Coffee Chairman Charles Zhengyao Lu is the biggest shareholder, suspended trading of its shares on Tuesday after regulators questioned the car service provider about how the alleged fraud at Luckin would impact it......»»

Category: topSource: REUTERS12 min. ago Related News

Oil rises 3% on hopes for output cut as coronavirus ravages demand

Oil prices gained on Tuesday as hopes rose that the world's biggest producers of crude will agree to cut output as the coronavirus pandemic crushes demand, even as analysts warn a global recession may be deeper than expected......»»

Category: topSource: REUTERS12 min. ago Related News

France"s Thales withdraws final dividend, suspends outlook

France's Thales on Tuesday became the latest major company to slash its dividend, suspend profit guidance and top up liquidity in response to the coronavirus crisis......»»

Category: topSource: REUTERS12 min. ago Related News

SMIC sees revenues drop in 2019

China-based foundry house SMIC has reported revenues for 2019 reached US$3,115.7 million in 2019, down from US$3,360.0 million in 2018, with gross margin also sliding from 22.2% to 20.6% during the two-year period......»»

Category: topSource: DIGITIMES27 min. ago Related News

Samsung cutting SSD inventory

Samsung Electronics is striving to lower its SSD inventory levels, a move which has raised concerns about the NAND flash market outlook for the second half of 2020, according to industry sources......»»

Category: topSource: DIGITIMES27 min. ago Related News

Samsung expects on-year operating profit growth in 1Q20

Samsung Electronics has announced its earnings guidance for the first quarter of 2020, expecting consolidated sales to reach approximately KRW55 trillion (US$45 billion) and operating profit to come to KRW6.4 trillion......»»

Category: topSource: DIGITIMES27 min. ago Related News

Largan sees March revenues rise

Smartphone-use lens module maker Largan Precision has reported consolidated revenues of NT$5.444 billion (US$180 million) for March, increasing 48.23% sequentially and 38.67% on year......»»

Category: topSource: DIGITIMES27 min. ago Related News

Lumileds reportedly hikes prices

Netherlands-based Lumileds will hike quotes for its LED products, including devices and modules for automotive lighting, by 4% beginning April 15, 2020, but Taiwan-based competitors will not follow suit for the time being, according to industry sources......»»

Category: topSource: DIGITIMES27 min. ago Related News

Nintendo ramping up orders for Switch

Nintendo is ramping up orders for its Switch devices as demand for the gaming consoles have been rising amid increasing stay-at-home activities in the wake of coronavirus pandemic, according to industry sources......»»

Category: topSource: DIGITIMES27 min. ago Related News

Trump"s economic advisor warned of "millions of lives lost and trillions in economic loss" from the coronavirus in two memos in January and February

Andr.....»»

Category: topSource: BUSINESSINSIDER27 min. ago Related News

Trump dismissed a government report — based on surveys from more than 300 hospitals — detailing "severe" shortages in COVID-19 tests and protective equipment

Reuters A new report, from the inspector general at the Department of Health and Human Services, is based on a survey of more than 300 hospitals. It details a "severe" shortage of COV.....»»

Category: topSource: BUSINESSINSIDER27 min. ago Related News

NYSE in talks with SEC to ease listing rules during coronavirus volatility

The NYSE said it wants to temporarily suspend the requirement to maintain a share price of more than $1.....»»

Category: topSource: FOXNEWS27 min. ago Related News

#WFH Chronicles: What are you wearing?

Early on in this #WFH adventure, a friend posted a photo of himself, cropped to show only his torso, desk, computer and coffee cup, with this caption: "Day 1 of working from home. My coffee may or may not be Irished, and I may or may not be wearing.....»»

Category: topSource: BIZJOURNALS27 min. ago Related News

Philly health tech company sees increased demand, plans to grow staff by 60% this year

HealthVerity has big plans to grow its staff in 2020, despite COVID-19’s devastating impact on local business.  The Philadelphia-based health tech company plans to increase its staff by 60% this year, as inquiries from potential clients for HealthV.....»»

Category: topSource: BIZJOURNALS27 min. ago Related News

Energy-efficiency charges up bottom lines for Western New York companies

Protect the environment while saving money? One utility is showing the way to doing just that......»»

Category: topSource: BIZJOURNALS27 min. ago Related News

Small biz owners need to be included in recovery efforts

As we watch the pandemic’s effect on public health, we pray first and foremost for scientists and physicians to find medications to treat the sick and prevent the healthy from falling ill. From UAB to the University of South Alabama Medical Center, A.....»»

Category: topSource: BIZJOURNALS27 min. ago Related News

Retailer plans to hire 200 at metro Birmingham distribution center

Home Depot (NYSE: HD) plans to hire 200 employees for its McCalla Distribution Center. According to AL.com, the positions are for both part-time work and full-time seasonal. Workers will replenish store inventory and fill online orders. Due to t.....»»

Category: topSource: BIZJOURNALS27 min. ago Related News

Airbus pausing production in Mobile

Production is being paused at one of the state's most prominent manufacturing plants. Airbus is halting production at its A220/A320 manufacturing plant due to the COVID-19 pandemic. According to a company release, high inventory levels at the .....»»

Category: topSource: BIZJOURNALS27 min. ago Related News

National chain to close six restaurants in metro Birmingham – and they may not reopen after COVID-19

The Nashville-based parent company of restaurant brands like Logan’s Roadhouse and Old Chicago has fired almost all of its 18,000 employees as COVID-19 has kept its doors closed. According to the New York Post, CraftWorks Holdings, which filed for ba.....»»

Category: topSource: BIZJOURNALS27 min. ago Related News