General Motors GM 2.45% Co. posted a $758 million second-quarter net loss mostly due to factory shutdowns in its home U.S. market, although resilient sales of pricey pickup trucks propelled results beyond analysts’ forecasts. The company said its U.S. …
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Venture capitalist Alan Patricof announced a $30 million investment firm, which will back start-ups that cater to aging Americans. Patricof is teaming up with Abby Miller Levy, former president of Thrive Global, to invest in the “silver tsunami” they say has been …
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TAMPA (AP) — Business did improve for McDonald’s throughout the second quarter as restrictions lifted across the globe, but the fast-food giant faces a bumpy — and expensive — recovery. McDonald’s President and CEO Chris Kempczinski said the …
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By JOHN ANTCZAK | The Associated Press. LOS ANGELES — Passengers flying Virgin Galactic on suborbital trips into space will be able to see themselves floating weightless against the backdrop of the Earth below while 16 cameras document the …
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(Reuters) – Boeing Co (BA.N) slashed production on its widebody programs, delayed the arrival of its newest jet, and confirmed the demise of its iconic 747, as it reported a bigger-than-expected quarterly loss on Wednesday amid fallout from the COVID-19 …
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