Although restrictions related to the coronavirus pandemic are being gradually lifted, rise in number of cases seems to be affecting operations of companies across several industries. One such company falling prey to the crisis is Flowers Foods, Inc. FLO.
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Muji USA Ltd. has filed for bankruptcy in Delaware, yet another retailer attributing financial difficulties to the continuing coronavirus pandemic. The U.S. unit of the Japanese lifestyle and apparel brand indicated on Friday that it plans to use the bankruptcy …
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NEW YORK (Reuters) – Oil prices climbed more than 1% on Friday after the International Energy Agency (IEA) bumped up its 2020 demand forecast but record-breaking new coronavirus cases in the United States tempered expectations for a fast recovery in …
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NEW YORK (Bloomberg) –To understand why the cancellation of the $8 billion Atlantic Coast Pipeline at the start of this week was such big news, consider America’s most important natural gas-producing region. Appalachia is home to the Marcellus shale, …
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Netflix (NASDAQ:NFLX) may be playing it conservative by estimating it will add only 7.5 million new subscribers in the second quarter, less than half the number that signed up in the first, but Wall Street isn’t buying it. Goldman Sachs (NYSE:GS) analyst Heath …
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