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M&A spikes in record third quarter as boards go on pandemic deal spree

M&A spikes in record third quarter as boards go on pandemic deal spree

By: Pamela Barbaglia, Joshua Franklin
Source: Reuters
Date of Publication: September 30th, 2020
Mergers and acquisitions came back with a bang in the third quarter as executives rushed to revisit deals left on hold at the height of the coronavirus pandemic and boardrooms regained confidence after a roller-coaster year.
Zoom shares soar; Wall Street warns of risks when pandemic eases

Zoom shares soar; Wall Street warns of risks when pandemic eases

Source: Reuters
Date of Publication: September 1st, 2020
Wall Street analysts raised price targets for Zoom Video Communications (ZM.O) on Tuesday as its shares were set to hit record highs, while warning that a return to office work could hamper its success in luring small corporate customers.
Marathon Petroleum sells Speedway to 7-Eleven owner for $21 billion

Marathon Petroleum sells Speedway to 7-Eleven owner for $21 billion

Source: Reuters
Date of Publication: August 2nd, 2020
Marathon Petroleum (MPC.N) has agreed to sell its Speedway gas stations in the United States to Japanese retail group Seven & i Holdings (3382.T) for $21 billion, the companies said, five months after the deal was put on hold amid the coronavirus outbreak.
JetBlue Airways swings to quarterly loss and expects revenue to drop 80% in third quarterv

JetBlue Airways swings to quarterly loss and expects revenue to drop 80% in third quarter

By: Leslie Josephs
Source: CNBC
Date of Publication: July 28th, 2020
JetBlue Airways is the latest carrier to post a quarterly loss and warn investors of a choppy recovery in demand. The New York-based airline forecast third-quarter revenue will likely fall around 80% on the year.
U.S. bank deposits not worth what they were before COVID-19

U.S. bank deposits not worth what they were before COVID-19

By: David Henry
Source: Reuters
Date of Publication: July 20th, 2020
Big banks are making a lot less money from their deposits than they did before the coronavirus pandemic.
Wall Street headed lower after five-day run on fears over virus surge

Wall Street headed lower after five-day run on fears over virus surge

By: C Nivedita
Source: Reuters
Date of Publication: July 7th, 2020
Wall Street’s main indexes looked set to open lower on Tuesday following the benchmark S&P 500’s longest streak of gains this year as investors weighed the risks to the economy from tens of thousands of new coronavirus cases nationwide.
S&P 500 closes nominally higher amid COVID-19 spikes, muted data

S&P 500 closes nominally higher amid COVID-19 spikes, muted data

By: Stephen Culp
Source: Reuters
Date of Publication: June 18th, 2020
The S&P 500 closed nominally higher on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns as well as data that suggested the U.S. economy might not bounce back with quick, V-shaped recovery.
Why Liberty Media CEO Isn't Concerned About Coronavirus' Impact on Live Concerts

Why Liberty Media CEO Isn't Concerned About Coronavirus' Impact on Live Concerts

By: Etan Vlessing
Source: Billboard
Date of Publication: March 4th, 2020
Greg Maffei, who has a controlling stake in Live Nation Entertainment, told an investors conference he thinks the COVID-19 outbreak will be 'shorter rather than longer.'