A JC Penney store in Laguna Hills, California Scott Mlyn | CNBC For JC Penney in bankruptcy, a settlement “is not in the cards,” according to the department store chain attorney. Penney is moving forward with a sale that should be completed this fall, attorney Joshua Sussberg of Kirkland & …
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The Robinhood crowd has a new favorite speculative stock: Eastman Kodak. In the last 24 hours, more than 20,000 users have added the shares to their portfolio, making them the most popular action in the commercial application favored by the millennium according to Robintrack data, which tracks user activity but …
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Dave Calhoun, President of Boeing. Adam Jeffery | CNBC Boeing CEO Dave Calhoun said Wednesday he was “hopeful” that demand for new planes, devastated by the coronavirus pandemic, would begin to pick up in the second half of next year. Cancellations of Boeing planes are outpacing new orders this year …
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Boeing said on Wednesday it plans to cut production from planes and warned of further reductions in its workforce as the impact of the coronavirus pandemic affects demand for air travel. The pandemic has caused financial losses for Boeing airline customers and has affected demand for new aircraft. Boeing was …
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General Motors President and CEO, Mary Barra, on April 1, 2020 tours one of the company’s facilities in Warren, Michigan, which will produce Level 1 face masks. GM General Motors lost about $ 800 million and burned billions of dollars in cash in the second quarter in what is expected …
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