It took just three days to sell shares in JDE Peet's <JDEP.AS> as investors facing a dearth of opportunities because of the coronavirus-induced slow-down rushed to secure a dose of the world's No. 2 maker of packaged coffee. JDE Peet's <JDEP.AS>, whose brands include Douwe Egberts, Peet's Coffee and Jacobs, is Europe's biggest initial public offering (IPO) this year. A total of 20 banks are expected to pocket an overall $59.8 million in fees, with global coordinators BNP Paribas, JPMorgan and Goldman Sachs earning about $6.2 million each, Refinitiv estimates show.
The COVID-19 crisis and Federal Reserve interest rate cuts have resulted in bank savings accounts paying near-zero APY rates, forcing savers to accept low returns or put their money into riskier investments. But now there is a new way for people earn a higher yield on their savings without the higher risks. Save Advisers, LLC, a fintech startup dedicated to helping people maximize their savings, is announcing the pre-launch of Save®, its new "save tech" platform.
SBA Announces First Online Veteran-Owned Small Business Entrepreneurial Training ProgramPR NewswireWASHINGTON, May 29, 2020WASHINGTON, May 29, 2020 /PRNewswire/ -- The U. Small Business Administration today announced the first online Veteran Entrepreneurial Training and Resource Network Streetwise MBA program to provide virtual training for veteran small business owners and their immediate families beginning in August 2020.
Federal Reserve Chair Jerome Powell on Friday said central bank officials are open to expanding the Main Street Lending Program, which is days away from issuing its first loans, to businesses that may not currently qualify but need assistance to avoid shedding workers. Fed staffers also reminded businesses interested in applying for the upcoming Main Street lending facility that they can seek financing even if they have already received some other types of loan assistance. The Main Street Lending Program is targeting medium-sized and small-sized businesses facing financial strain because of the coronavirus pandemic.
Shares of Marvell Technology (NASDAQ: MRVL) have jumped today, up by 6% as of 12:50 p.m. EDT, after the company reported fiscal first-quarter earnings. Marvell generated $176 million in operating cash flow and finished the quarter with $668 million in cash on the balance sheet. "In a challenging environment, solid execution by the Marvell team drove strong first quarter financial results with disciplined operating expense management, healthy operating cash flow, and revenue above the mid-point of guidance, enabled by stronger demand for our networking products from the datacenter and 5G infrastructure end markets," CEO Matt Murphy said in a statement.
Thank you for standing by, and welcome to EHang's First Quarter 2020 Earnings Conference Call. Now, I will turn the call over to Julia Qian, Managing Director of the Blueshirt Group Asia. Hello everyone, thank you all for joining us on today's conference call to discuss the Company's financial results for the first quarter of 2020.
The former police officer who kept his knee on an unarmed black man's neck until he was dead in an incident captured on camera on Monday has been taken into police custody, the Minnesota Public Safety Commissioner John Harrington said on Friday. Harrington said Derek Chauvin, whose actions were videoed by bystanders, was arrested in Minneapolis. The police officer was fired along with three others who were involved in handcuffing George Floyd and pushing him to the ground. Chauvin kept his knee on the unarmed Floyd's neck for more than five minutes as Floyd repeatedly said, "I can't breathe." He was pronounced dead shortly after that. The authorities have not yet decided on possible charges, the Wall Street Journal reported. The incident has sparked days of protests and demands that all four police officers be charged with murder. Minnesota Gov. Tim Walz, a Democrat, said earlier that the unrest that has destabilized Minneapolis and St. Paul this week is the result of "generations of pain, of anguish" over racism in policing. The governor promised "swift" justice, while pleading for an end to protests that have led to violence, looting and arson.
The Dow Jones fell on Friday. Though U.S. indexes are mixed, stocks are holding weekly gains as investors remain bullish on the current economic recovery.
Italian magistrates have placed an Italian unit of Uber Technologies under special administration as part of an investigation into alleged exploitation of food delivery riders, three people familiar with the case said on Friday. Uber Italia said it had made its Uber Eats platform available to restaurants and couriers in full respect of the law and it condemned any form of illegal intermediation. "We participate actively in the debate around regulation which we believe will give the food delivery sector the necessary legal security to prosper in Italy," Uber Italia said in an emailed statement.
TORONTO , May 29, 2020 /CNW/ - The Ontario Securities Commission (OSC) continues to temporarily waive late fees for market participants impacted by the COVID-19 pandemic. Late fees will be waived for investment funds, registrants, and firms that rely on certain registration exemptions in Ontario , that accumulate between June 2, 2020 and September 30, 2020 . The Canadian Securities Administrators (CSA) has granted relief to extend certain payment, filing and document delivery dates to a variety of market participants impacted by the COVID-19 pandemic.
SAN ANTONIO, TX , May 29, 2020 /CNW/ - Nerium Biotechnology, Inc. (the "Company") is providing an update on the status of its interim condensed consolidated financial statements, accompanying management's discussion and analysis and related certifications (collectively, the "Q1 2020 Filings") for the three-months ended March 31, 2020 . On March 23, 2020 , the Canadian Securities Administrators published temporary blanket relief for market participants, which provides a 45-day filing extension for certain filings normally required to be made on or before June 1, 2020 as a result of the COVID-19 pandemic. The Company is relying on the temporary exemption granted pursuant to section 7 of Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements with respect to the requirement to file its Q1 2020 Filings as per sections 4.4 and 5.1(2) of National Instrument 51-102 Continuous Disclosure Obligations and section 5.1 of National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings.
Researchers Use Nano-Particles to Increase Power, Improve Eye Safety of Fiber LasersPR NewswireWASHINGTON, May 29, 2020WASHINGTON, May 29, 2020 /PRNewswire/ -- Scientists at the U. Naval Research Laboratory have devised a new process for using nano-particles to build powerful lasers that are more efficient and safer for your eyes.
Home interior and furnishing retailer Williams-Sonoma (WSM) is gaining market share as people shop online to spruce up their homes during the pandemic.
Welcome to Variety Music’s third-ever Fri 5, our collection of the best, most noteworthy or simply most remarkable new songs from the past week. It is not complete or definitive or a fight-to-the-death “best of,” but rather a bunch of songs that we find interesting — because a world without five interesting new songs every week […]
Dallas, Texas--(Newsfile Corp. - May 29, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today highlighted the Volkswagen announcement featuring a $2.3 billion investment in the electric vehicle market in China as a parallel strategy affirming ALYI's efforts in Africa. In a recently published ALYI update (republished below), management confirmed its $300 million African electric mobility project remains on track and to date, has not been impacted by the Covid-19 pandemic. The ...
The Global Stent Grafts Market will grow by $838.38 mn during 2020-2024
Stocks inched lower on Friday as investors worried about increased tensions between Washington and Beijing, guessing what President Donald Trump might say in a news conference on China planned for Friday. On the economic front, the Commerce Department said consumer spending slid a record 13.6% in April after dropping 6.9% in March. The Dow Jones Industrial Average fell 257 points, or 1%, the S&P 500 was down 0.6%, and the Nasdaq Composite was little changed.
On Monday evening, over 200 invited media, sports, brands and agency insiders, along with a cross-section of sports fans, were treated to a first look at React LLC's new "Classics" version of its Super Squares® live mobile Game Show. As the results and data generated began to be analyzed, a central theme emerged: Attention level, not gender, age, or even football knowledge, determined the likelihood of winning.
Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Black Knight, Inc. (NYSE: BKI) resulting from allegations that Black Knight may have issued materially misleading business information to the investing public.
Moody's Investors Service, ("Moody's") has today assigned a Baa2 instrument rating to Ferguson Finance plc's new $600 million guaranteed senior unsecured notes due 2030. The Baa2 ratings reflect Ferguson plc's (Ferguson or the company)'s relatively moderate impact from COVID-19, as well as the company's strong balance sheet position and good liquidity coming into the current downturn, which will buffer the impact of the disruption from the pandemic on its overall credit profile. Moody's expects that revenue may decline by up to 20% at the lowest 12-month trough of the pandemic, but that the company will be able to manage performance through cost control and cash allocation to keep its credit metrics within the parameters commensurate for a Baa2 rating.