Business Archives - Page 2 of 4 - The Billings Weekly

EnCap Withdraws Stakes in U.S. Shale as Market Situation Worsens

March 16, 2020

Energy investor EnCap Investments withdrew a stake in the U.S. shale business this month. The $2.5 billion sale of oil producer Felix Energy to competitor WPX Energy, reaching a contract at a time when energy mergers have all but dried up. EnCap’s big payday, 153 million WPX shares worth $1.6 billion-plus $900 million in cash, proved short-lived as tanking oil and stock markets shed about two-thirds off the worth of…

TikTok Owner Zhang Yiming Set to Share Global Stage with U.S Tech Giants

March 13, 2020

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The founder of China’s ByteDance, CEO of the wildly successful TikTok application, has for years aspired to make ByteDance the first Chinese agency to contest U.S. internet titans on the global stage. On Thursday, Zhang Yiming made a crucial move to achieve that. Generating new leadership positions for ByteDance’s China business, Zhang stated in a letter to employees he would now concentrate on global growth and fresh initiatives such as…

U.S. Regulator Does Not Support Boing’s Proposal to Avoid MAX Wiring Move

March 9, 2020

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Boeing’s bid to leave wiring bundles in place on the grounded 737 MAX has not won the support of U.S. aviation regulators, a person briefed on the matter said. In February, Boeing told the Federal Aviation Administration (FAA) it does not believe it must separate or shift wiring bundles on its grounded 737 MAX jet that governors have warned could short circuit with catastrophic consequences. The source stated the…

U.S. Congress Assigns $8.3 Billion Emergency Funds for Coronavirus Care

March 5, 2020

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Congress Wednesday approved $8.3 billion in emergency funding to respond to the spreading novel coronavirus, which has already infected 80 people across 13 states and killed nine in the U.S. alone. Over $3 billion of that investment will go to the R&D of vaccines, therapeutics and diagnostics — and some will likely go into the corporations working on technologies to fight the disease. Additional $2.2 billion will fund the Centers for…

British Domestic Carrier Flybe Enters into Administration as it Fails to Bear Plunging Demand

March 5, 2020

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British regional airline Flybe stated early Thursday it entered into administration, as the already struggling carrier didn’t face up to the fall in travel demand caused by the coronavirus. The airline’s failure puts 2,000 jobs in danger and causes trouble for PM Boris Johnson and his plan to lift local transport links. A UK government spokesperson stated the federal government was working closely with the airline sector to reduce any disruption…

Stocks Financial Advisors Are More Interested Into

January 9, 2020

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The US inventory market had a powerful finish of 2019 and was on observe for an important begin of the year till an escalation of stress between the US and Iran ship most shares decrease. Nonetheless, fundamental inventory market indexes gained floor final week, with the S&P 500 advancing by 0.42%, the Dow Jones Industrial Common rising by 0.61%, and the NASDAQ Composite appreciating by 0.84%. Furthermore, final week the…

Project Nightingale Being Inspected To Ensure It Is HIPAA Complaint

November 13, 2019

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Effectively, that did not take long. Soon after The Wall Street Journal blew the lid off Project Nightingale, regulators have introduced that they will begin looking into Google’s partnership with Ascension, the second-largest well-being system within the US. Based on WSJ, the Office for Civil Rights within the Department of Health and Human Services “will search to study extra details about this mass assortment of individuals’ medical data to make…

A Series Of National Strikes Has Put Unions Back In The Spotlight

November 11, 2019

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After many years of declining membership and seemingly side-lined authority, a series of national strikes have put unions back within the spotlight. And as financial inequality has developed into a hot-button situation for workers and candidates on the 2020 campaign path, some consultants have stated a surge of emboldened organized labor actions could be on the horizon. Once considered by many to be important, union membership is a fraction of…

JPMorgan Looking Buyers for FreshDirect

October 15, 2019

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JPMorgan is reportedly see buyers for FreshDirect, indicating they want out of their investment into the online food retailer recently affected by delivery issues, based on a new report. While the grocery store’s largest investor appears for potential buyers, Amazon and Walmart, both invested within the grocery business, recently vetted FreshDirect’s financial and performance information for the third time, based on the newspaper citing sources aware of the matter. In…

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