Shell assets may take up to $22B hit due to coronavirus

Royal Dutch Shell expects to slash the value of its assets by as much as $22 billion as the coronavirus crisis roils energy markets. The oil and gas giant announced the massive write-down Tuesday as it cut its energy price forecasts to account for the pandemic, which has led to worldwide lockdowns that have restricted […]

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Chicago native Jabari Parker reveals he has tested positive for coronavirus

Jabari Parker | AP Photos Former Simeon star expects to be ready for NBA season in July INDIANAPOLIS — Sacramento Kings forward Jabari Parker revealed Wednesday that he have tested positive for the coronavirus. The announcement came in the form of statement released by the Kings. But the former Simeon standout believes he will be […]

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Grocery giant Albertsons expects to raise $1.3B in IPO

Grocery conglomerate Albertsons expects to raise up to $1.3 billion when it goes public amid a coronavirus-related sales boom. Some of the Idaho-based company’s stockholders will sell 65.8 million shares at $18 to $20 apiece in the upcoming initial public offering, Albertsons said Thursday. The high end of that price range would value Albertsons at […]

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U.S. expects to start next phase trade talks with Japan in few months

WASHINGTON (Reuters) – The United States expects to begin negotiations with Japan about a second phase trade agreement in a few months, U.S. Trade Representative Robert Lighthizer said on Wednesday. Lighthizer told a hearing of the House Ways and Means Committee that those negotiations had been delayed due to the novel coronavirus pandemic, but remained […]

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BP slashes assets by up to $17.5 billion as coronavirus slams oil industry

BP expects to slash the value of its assets by up to $17.5 billion after predicting the coronavirus pandemic will depress energy prices for years to come. The British energy giant on Monday said it will take billions of dollars in impairment charges and write-offs thanks to the lasting effects of the COVID-19 crisis, which […]

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Zella Day Cranks Up The Heat With Some Cold War Espionage In Her Disco Thriller ‘My Game’

Does Zella Day expect you to talk? No, she expects you … to dance! She lives out her double-O disco spy fantasy in her retro-inspired and visually stunning video for ‘My Game.’ Who needs No Time To Die when we have Zella Day. In “My Game,” the new video from the songstress puts James Bond, […]

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Regal movie theater owner Cineworld expects to reopen in July

Cineworld, the owner of Regal cinemas in the US, expects to reopen its doors for business in July. The movie-theater giant said late Wednesday it anticipates that government restrictions related to cinemas will be lifted in each of its territories in the coming months and “anticipates the reopening of all of its cinemas in July.” […]

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Delta to have 7,000 more pilots than it needs this fall

Delta Air Lines, with more than 14,000 pilots on its roster, expects to have 7,000 more than it needs in the fall as the coronavirus pandemic weighs on its operations, according to a memo to flight operations employees seen by Reuters. The memo follows Delta’s announcement earlier on Thursday that it would no longer fly […]

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City planners slate zoning vote on Amazon project

Amazon expects to occupy a warehouse under construction in Chicago’s Pullman neighborhood by October. | Getty Alderman says Pullman site could produce several hundred jobs. The city’s planning agency is scheduled to vote next week on a warehouse development in Pullman that is backed by Amazon, which wants the site for its “last mile” system […]

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General Mills outlook sunny as consumers stockpile packaged foods

General Mills said on Monday it expects to surpass its own expectations for fiscal 2020 organic sales, as people stock their pantries with breakfast cereals and other long-lasting packaged food amid lockdowns. The company, which makes such products as Cheerios cereal and Blue Buffalo pet foods, also said it expects fourth-quarter organic net sales to […]

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Ferrari cuts 2020 forecast — but drives off with $1 billion profit

Luxury sports-car maker Ferrari still expects to make more than $1 billion in core profit this year, providing a relative beacon of stability in an auto industry ravaged by the coronavirus crisis. The company, known for its red Formula One racing cars and its prancing horse logo, cut its 2020 core earnings forecast on Monday, […]

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Hasbro’s Play-Doh and Monopoly bright spots in challenging quarter

Hasbro expects to ramp up production in China to meet demand for its Nerf blasters, Transformers figures and other toys in the vital end-of-year holiday season, even as it warned of a hit to overall sales from coronavirus lockdowns. The toymaker said on Wednesday sales of Monopoly and Play-Doh soared in March as Americans and […]

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Verizon’s TV, wireless and media divisions crushed by coronavirus

Verizon said it expects profits to shrink this year as the coronavirus crisis squeezes its wireless, pay TV and media divisions. The telecom giant said Friday it lost 68,000 phone subscribers during the first quarter, due mostly to the fact that the wireless provider had to close 70 percent of its stores during the pandemic, […]

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United Airlines takes $2.1B hit as coronavirus clips Latin American growth

United Airlines said on Monday it expects to report a pre-tax loss of about $2.1 billion for the first quarter, after the coronavirus pandemic smothered its growth aspirations in Latin America and led the company to seek another $4.5 billion in government aid. Chicago-based United said first quarter revenues are seen at $8 billion, down […]

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Coronavirus Live Updates: Online Concert Raises Millions for Virus Fight

Britain expects shipment of protective gear from Turkey. As medical workers in Britain worry about a shortage of personal protective gear, a flight from Turkey with 84 tons of equipment, including 400,000 protective gowns, was expected to land on Sunday. Officials had previously said that medical workers should wear waterproof surgical gowns during high-risk procedures […]

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United cuts May flights by 90 percent, tells employees to brace for job cuts

United Airlines Holdings Inc said on Wednesday that it has cut its flight schedule by 90% in May and expects similar cuts for June as a result of the coronavirus pandemic, and warned that travel demand that is now “essentially at zero shows no sign of improving in the near term,” making job cuts likely. […]

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SoftBank warns of $12.5B loss as coronavirus pummels WeWork

SoftBank warned investors that it expects to report a massive loss this year, thanks in part to the coronavirus wreaking havoc on already-struggling investments like WeWork. The Japanese conglomerate said in a statement that its famed $100 billion Vision Fund will see an operating loss of $12.5 billion for the fiscal year, its third consecutive […]

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Gymnast Verona van de Leur: My descent into blackmail, porn after parents ripped me off

“When you’re the best in your country, everyone expects something from you.” What the Netherlands didn’t expect was for former Sportswoman of the Year Verona van de Leur to sue her parents, live on the streets, spend time behind bars and sign up for a career in porn. De Leur, 34, was the golden girl […]

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NFL owners will likely vote in favor of a 14-team playoff field – Dan Graziano | Get Up

Dan Graziano says he expects owners to vote in favor of the NFL playoffs expanding to a 14-team field, then Marcus Spears and Dan Orlovsky debate how adding a playoff team in each conference will impact the season. #GetUp #NFL ✔️Subscribe to ESPN+ https://plus.espn.com/ ✔️ Get the ESPN App: http://www.espn.com/espn/apps/espn ✔️Subscribe to ESPN on YouTube: […]

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Tom Brady and the Bucs could win the AFC South over the Saints – Stephen A. | First Take

Stephen A. expects Brady to compete for NFL MVP: https://www.youtube.com/watch?v=xGmUJaWMgl4&t Stephen A. Smith, Max Kellerman and Ryan Clark react to Tom Brady officially signing a contract with the Tampa Bay Buccaneers. #FirstTake #NFL ✔️Subscribe to ESPN+ https://plus.espn.com/ ✔️ Get the ESPN App: http://www.espn.com/espn/apps/espn ✔️Subscribe to ESPN on YouTube: http://es.pn/SUBSCRIBEtoYOUTUBE ✔️ Subscribe to NBA on ESPN […]

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Pat McAfee reacts to Tom Brady’s decision to join the Buccaneers | Get Up

Pat McAfee says Tom Brady will be a good a good fit with the Buccaneers and expects Tampa Bay to be must-see television. McAfee also gives Brady a chance to lead the Bucs to a Super Bowl and weighs in on the New England Patriots’ future under Bill Belichick. #GetUp #NFL ✔️Subscribe to ESPN+ https://plus.espn.com/ […]

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Pence to Meet Airline CEOs; N.Y. Expects New Cases: Virus Update

(Bloomberg) — New York Governor Andrew Cuomo said he expects more cases after the state identified its first coronavirus patient, while Iran and South Korea reported another surge in infections. The OECD warned that global economic growth will sink to levels not seen in more than a decade. The European Union set up a special […]

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Fury says ‘Let’s go A.J.’ though Wilder first has rematch option

(Reuters) – Tyson Fury says he expects Deontay Wilder to take up the option of a rematch of their heavyweight championship bout but is ready for fellow Briton Anthony Joshua if the American declines. Speaking after his seventh-round TKO victory over Wilder in Las Vegas on Saturday, Fury sounded happy to take on either man. […]

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