American Airlines Group Inc. AAL, -0.95% recorded a large loss for the second quarter, as the trips were decimated by the coronavirus pandemic. The operator said it had a net loss of $ 2,067 billion, or $ 4.82 per share, in the quarter, after revenue of $ 662 million, or …
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Ascena Retail Group Inc. ASNA, -6.47%, parent of retail chains Ann Taylor and Loft, filed for Chapter 11 bankruptcy Thursday, with a restructuring deal backed by more than 68% of its guaranteed term lenders, crushed by the effects of the coronavirus pandemic on its already troublesome business. The Mahwah, NJ-based …
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Right now, there is a tug-of-war between cyclical stocks and what has become the defensive game, the tech sector, apparently on a daily basis. “Washington and the Fed continue to push money into the system. And if the economy remains weak, then bonds and defense will do quite well, ”says …
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Ascena Retail Group Inc. ASNA, -6.47%, parent of retail chains Ann Taylor and Loft, filed for Chapter 11 bankruptcy Thursday, with a restructuring deal backed by more than 68% of its guaranteed term lenders, crushed by the effects of the coronavirus pandemic on its already troublesome business. The Mahwah, NJ-based …
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The counts: Previously owned home sales increased 20.7% in June when states reopened their economies following coronavirus-related blockades. Existing home sales occurred at a seasonally adjusted annual rate of 4.72 million, the National Association of Real Estate Agents reported Wednesday. It was a big rebound from May, when sales fell …
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