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Tag Archives: company

Amazon workers are suing the company

As the worldwide death of Covid-19 approaches 400,000, U.S. health officials are closely monitoring case numbers and hospitalization rates as states continue to loosen blocking measures and reopen various types of businesses. US cases have risen since Memorial Day, but New York City reached an optimistic milestone this week: on Friday, the city, the epicenter of the US outbreak, reported …

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Exclusive: buyout company Sycamore Partners in talks to buy J.C. Penney Sources

NEW YORK (Reuters) – Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc (JCP.N) from bankruptcy, should negotiations between the US department store chain and its creditors fail, three people familiar with the matter said on Friday. FILE PHOTO: Buyers enter and exit J.C. Penney in North Riverside, Illinois, USA, November 17, 2017. REUTERS …

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Hertz: Car rental company applies for US bankruptcy protection

Image rights Reuters Car rental Hertz has filed for bankruptcy protection in the United States after the pandemic brought its business to a standstill. The company, which generates much of its revenue from rental cars at airports, said it was affected by the sharp drop in global travel. It will continue to operate while restructuring its debts. Hertz’s international activities …

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Victoria’s secret parent company L Brands (LB) reports first quarter results

A pedestrian walks past a Victoria’s Secret shop front that was closed and boarded up on Robson Street during the COVID-19 crisis on April 17, 2020 in Vancouver, Canada. Andrew Chin | Getty Images Victoria’s secret parent company, L Brands, reported its third consecutive quarterly loss and fourth consecutive sales decline on Wednesday as its businesses were closed for most …

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Pelosi asks San Francisco’s largest corporate rental company to return PPP loan

SAN FRANCISCO, Calif. (KRON) – House Speaker, Nancy Pelosi, released a statement on Saturday asking Veritas Investments, a property management company in San Francisco, to grant her $ 3.6 million loan for the paycheck Protection Program (PPP) to repay. Pelosi said the loan is being given to help small businesses struggling during the coronavirus crisis. Companies that really need support, …

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The California-based biopharmaceutical company claims the breakthrough in coronavirus antibodies

Receive the latest news about coronavirus and more in your inbox every day. Login here. EXCLUSIVE – A California-based biopharmaceutical company claims to have discovered an antibody that could protect the human body from the coronavirus and wash it out of someone’s system in four days, Fox News has learned exclusively. Later on Friday, Sorrento Therapeutics will announce the discovery …

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Venezuelan oil company sued ex-Miami congressman over $ 50 million

MIAMI – Venezuela’s state-owned oil company was on the verge of financial ruin in 2017 when it decided to need expert advice to improve its reputation and work with American policymakers who could be vital to its survival. For help, the company Petróleos de Venezuela, S.A. or PDVSA, to a well-connected former Florida congressman and agreed to pay his company …

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Smart Home Company Wink offers users an additional week before surprise subscription fees are required

Wink, a company that makes a smart home hub that connects smart home devices, angered customers last week with the announcement of a new surprise subscription service that will be required for the future use of the Wink product. Wink, who was not a subscription service when the product was purchased, announced at the time that customers would be given …

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The Israeli company is uncovering Iran’s attempt to hack US virus drug maker Gilead

An Israeli cyber security firm uncovered an attempt by Iranian hackers last week to violate the US drug company Gilead Sciences, which plans to introduce treatment for COVID-19. It was unclear whether the hacking attempt was successful, according to the Reuters news agency, which first reported the incident on Friday. The web domains and servers used by the hacking group …

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