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Business News

Location American Business News for 20 April 2020
Zoom's Security Woes Were No Secret to Business Partners Like Dropbox Dropbox privately paid top hackers to find bugs in Zoom's software and then pressed the videoconferencing company to fix them.
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Shake Shack Returns $10 Million PPP Loan Amid Criticism Of Restaurant Chains Receiving Stimulus Funds "Until every restaurant that needs it has had the same opportunity to receive assistance, we're returning ours."
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Disney Parks May Not See A Full Recovery Until Coronavirus Vaccine, Shares Drop 3% On Wall Street Downgrades The parks could stay closed until the beginning of 2021, said UBS analyst John Hodulik.
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Popdog is unveiling the beta launch of its online destination to aggregate game livestreams and other gaming content from around the globe.
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Uncharted Valuation Territory: What Is A Barrel Or An Acre Worth Today? Even with Saudi estimations of a 20-million-barrel supply cut, times are tumultuous for the oil and gas industry.
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Box Office: 'Green Hornet And Kato' Is Another Risky Reboot Seth Rogen's 'The Green Hornet' stumbled way back in 2011, when a star-driven superhero movie opening in January was a much bigger deal than it would be today.
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United said it lost $2.1 billion in the first quarter, some of the first detail of damage from coronavirus on the airline business.
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The U.S. Tried to Teach China a Lesson About the Media. It Backfired. American journalists were showing the world the devastating effects of China's botched response to the coronavirus. Now, many have been kicked out.
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U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil.
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Voters In Key Swing States Back Biden Over Trump, New Poll Shows While the former vice president has led in national polls, state-by-state polls have shown the race is neck-and-neck.
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Behind a Saudi-Russian truce to stabilise oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows in the physical market.
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Shake Shack, with 189 U.S. restaurants, will return $10 million small-business PPP coronavirus loan Burger chain Shake Shack, which qualified for federal small-business coronavirus loans because its outlets employ fewer than 500 workers each, says it has obtained new funding and will return the stimulus aid.
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Halliburton Co on Monday joined its bigger rival Schlumberger in taking impairment hits in the first quarter and issued a bleak outlook for North America as oilfield providers grapple with an unprecedented decline in oil...
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U.S. stock-index futures Sunday evening headed firmly lower, in thinly traded weekend action, as investors assessed the staggered plans for the reopening of economies all over the world in the wake of the deadly pandemic...
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Trump says he holds a grudge against Mitt Romney and doesn't want his advice on restarting the US economy Getty/Getty Sen. Mitt Romney is the only Republican senator who's not included on President Donald Trump's advisory committee on restarting the US economy amid the coronavirus pandemic. "I have 52 Republican senators," T...
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The May futures contract for U.S. crude oil extend losses Sunday evening in electronic trade, touching the lowest level since 2001, as fears about a shock to demand due to the coronavirus and worries about a lack of stor...
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Banks' digital upgrade plans unshaken by pandemic

American Banker - 20 Apr 2020 03:00
Citizens, Regions and others say business investments initiated before the coronavirus crisis, including technology improvements and new consumer offerings, are on track.
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Now Is the Time to Connect With Consumers on a More Human Level Amid the massive uncertainty that surrounds most every part of our lives we can be certain of two things at least: We have more questions than answers, and anyone who suggests otherwise is a shill. And the past provides ...
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Oil prices drop below zero for first time ever as COVID-19 kills demand Crude oil prices plunged below zero for the first time in history on Monday, with traders actually paying to get barrels of the stuff off their hands as the coronavirus kills demand.
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Puerto Rico Reassures Travelers That 'Soon Enough, It'll Be Time for Paradise' The roll of a rising surf; a waterfall crashing on wet stone; a symphony of tropical bird calls. What was once the soundtrack to a tropical vacation is now a welcome relief in your social media feeds to the sounds inside...
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Once Global Norwegian Shrinks Home Amid Coronavirus Crisis Once a threat to traditional airlines, with its alternative long-haul, low-cost model, the shrinking of Norwegian is nearly complete.
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Why NYC's largest emergency hospital is pretty much empty

Business Insider - 20 Apr 2020 19:15
Why NYC's largest emergency hospital is pretty much empty The coronavirus has led to jam-packed hospitals across New York City. When Gov. Andrew Cuomo announced the opening of an emergency field hospital at Javits Convention Center, healthcare workers expected it to take pressu...
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