J.C. Penney (OTCMKTS: JCPNQ) CEO, Jill Soltau, revealed Tuesday that the company hopes to withdraw from Chapter 11 bankruptcy before the holiday season. In a news release, the retailer...
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Johnson & Johnson Pauses Coronavirus Vaccine Trial
Johnson & Johnson (NYSE: JNJ), one of the pharmaceutical company’s striving to develop a COVID-19 vaccine, has paused it’s late-stage trial following an “adverse event” in one of its...
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AMC Warns its Cash Will be “Largely Depleted” by Years End
AMC (NYSE: AMC), United States largest movie theater chain, announced Tuesday that its cash will most likely be depleted by the end of the year. Shares have declined 7.8%...
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“The Buzz” Show: AMC Entertainment’s (NYSE: AMC) Stock plummets 10%
FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “AMC Entertainment’s Stock plummets 10%” AMC entertainment (NYSE: AMC) was down nearly 10% under yesterday’s close in early...
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WHO Reveals ‘Worrying’ Increase in COVID19 Cases Within Europe
Several European countries such as the U.K and France have reported a rise in COVID-19 hospitalizations, a troubling inclination as the flu season nears, says a top official from...
IndiGo, an Indian low cost airline, anticipates it won’t be profitable until 2022 according to Rono Dutta, CEO of InterGlobe Aviation (NSE: INDIGO), which runs the airline. Capacity is...
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Mulan to Premiere on Disney+, a Blow to Movie Theaters Worldwide
Amid the coronavirus pandemic, Hollywood has struggled to surge and bring movies to the big screen. Movie Theaters all over the world have continuously been forced to push back...
Neiman Marcus, which filed for bankruptcy weeks ago, has decided to relinquish its location within the Hudson Yards shopping mall in Manhattan. A company spokesman made it clear that...
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AMC Postpones Reopening Following Delay in Movie Releases
AMC Entertainment Holdings (NYSE:AMC) announced Thursday it now plans to reopen its theaters in August. A further delay in operations as blockbusters simultaneously push back their release dates. The...
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United CEO Foresees Reduced Airfare and Revenue
On Wednesday, United Airlines (NASDAQ: UAL) CEO Scott Kirby revealed he foresees airfares falling as the global pandemic surges and impacts the air travel industry. “My guess is that...