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GM to leave Australia, New Zealand and Thailand

1 month ago   |   By Finance Commerce

The company said in a statement Sunday that it plans to wind down sales, engineering and design operations for its historic Holden brand in Australia and New Zealand in 2021.
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General Motors to exit Australia, New Zealand and Thailand in cost-cutting move

General Motors to exit Australia, New Zealand and Thailand in cost-cutting move

1 month ago   |   By Stl Today

General Motors is exiting Australia, New Zealand and Thailand to save costs in the underperforming markets and better hone its focus on growth markets as well as on its electric vehicle and self-driving car strategies. As a result, GM said...
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Weekly Initial Unemployment Claims decrease to 6,606,000

Weekly Initial Unemployment Claims decrease to 6,606,000

The DOL reported : In the week ending April 4, the advance figure for seasonally adjusted initial claims was 6,606,000, a decrease of 261,000 from the previous week's revised... Read more ...

Dow climbs 350 points as new Fed stimulus offsets historic unemployment filings

Dow climbs 350 points as new Fed stimulus offsets historic unemployment filings

US stocks climbed on Thursday, continuing gains from Wednesday, as t he Federal Reserve announced an additional $2.3 trillion in aid to businesses and governments. Data... Read more ...

Fed Offers $2.3 Trillion In Loans To Businesses, Local Governments

Fed Offers $2.3 Trillion In Loans To Businesses, Local Governments

The Federal Reserve announced several new lending programs Thursday in an effort to keep businesses and local governments afloat during the coronavirus pandemic. (Image credit... Read more ...

UnitedHealth is expediting $2 billion in payments as providers await their...

UnitedHealth is expediting $2 billion in payments as providers await their share of the stimulus bill

This story was delivered to Business Insider Intelligence Digital Health Briefing subscribers earlier this morning. To get this story plus others to your inbox each day, hours... Read more ...

Hotels: Occupancy Rate Declined 68.5% Year-over-year to All Time Record Low

Hotels: Occupancy Rate Declined 68.5% Year-over-year to All Time Record Low

From HotelNewsNow.com: STR: US hotel results for week ending 4 April Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant... Read more ...

Morgan Stanley CEO reveals in video to employees that he had the coronavirus...

Morgan Stanley CEO reveals in video to employees that he had the coronavirus and has recovered

Morgan Stanley CEO James Gorman tested positive for the coronavirus, he told employees in a video on Thursday. Gorman got a test after experiencing symptoms in mid-March, and... Read more ...

Oil prices surge after Russia, OPEC & allied producers agree to historic...

Oil prices surge after Russia, OPEC & allied producers agree to historic output cuts

Global crude prices jumped seven percent on Thursday after the Organization of the Petroleum Exporting Countries and major producers led by Russia agreed to cut output in an... Read more ...

Jeff Bezos visited an Amazon warehouse and a Whole Foods to thank employees...

Jeff Bezos visited an Amazon warehouse and a Whole Foods to thank employees who are working during the coronavirus crisis

Amazon CEO Jeff Bezos on Wednesday visited one of the company's warehouses and a Whole Foods, thanking employees who are working during the coronavirus pandemic. In a video... Read more ...

California to buy 200 million masks a month amid outbreak

California to buy 200 million masks a month amid outbreak

SACRAMENTO, Calif. - California plans to spend nearly $1 billion to buy up to 200 million masks each month to boost its stockpile of protective gear during the coronavirus... Read more ...

Disney Plus already has 50 million subscribers around the world, even though...

Disney Plus already has 50 million subscribers around the world, even though it only launched 5 months ago

Disney Plus already has 50 million subscribers, the company announced on Wednesday. The milestone comes as the company has expanded into new markets in Europe and India, and... Read more ...