by Troy S. Mason | Jun 18, 2020 | Business News
Hertz halted its plan to sell $500 million in common stock Wednesday pending a review from the Securities and Exchange Commission after the rental car company said the shares “could ultimately be worthless.” The company’s stock stopped trading late in the morning after SEC Chairman Jay Clayton voiced his concerns. “In this particular situation, we […]
by Troy S. Mason | Jun 11, 2020 | Business News
More than 1.5 million people filed for unemployment for the first time last week, according to data released Thursday by the Department of Labor. The jobless claims add to a devastating run of economic data that has shown the number of Americans continuing to apply...
by Troy S. Mason | Jun 11, 2020 | Business News
AYR, United Kingdom — Scottish golf courses owned by President Donald Trump’s businesses stand to benefit from more than a million dollars of taxpayer money, as part of a coronavirus relief program run by the Scottish government, according to local government...
by Troy S. Mason | Jun 9, 2020 | Business News
Media giant Comcast announced Monday that it is donating $100 million to battle the “complex issue” of systemic racism, sexism and homophobia in America. Brian L. Roberts, chairman and CEO of Comcast Corp., didn’t specifically cite ongoing protests sparked by the...
by Troy S. Mason | Jun 5, 2020 | Business News
The U.S. economy gained 2.5 million jobs in May and the unemployment rate dropped to 13.3 percent. That’s down from 14.7 percent in April, according to the monthly employment report released Friday by the Bureau of Labor Statistics. The surprising data comes amid the...
