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Xerox drops $ 34 USD for HP takeover among COVID-19 uncertainty – TechCrunch

Xerox announced today that it would release its hostile takeover bid on HP. Drama began last fall with an influx of increasingly angry letters between the two companies, and confrontational measures from Xerox, including an attempt to take over the HP board that had rejected its takeover bid. Everything that came crashing to the ground today when Xerox officially announced …

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Spirits of purchase swings; senators run the airlines for cash refunds

The outbreak of the coronavirus has led to a shock to the global economy at unprecedented speed. The following is the development on Tuesday related to the global economy, the workplace and the spread of the virus. ________ INDUSTRY: Less than a week after saying it planned to open five North American assembly plants, Ford has decided that those facilities …

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Xerox ends its hostile takeover offer for HP

Xerox has dropped its bid to merge with HP, citing the current global health crisis related to the COVID-19 coronavirus, Xerox said. The news was previously reported by the Wall Street Journal. “The current global health crisis and the resulting macroeconomic and market turmoil caused by COVID-19 have created an environment that does not help Xerox continue to acquire HP …

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March was Wall Street’s worst month since 2008: Live updates

Wall Street’s stomach-churning month ends with a drop. March was a month of fluctuations in the financial markets: the S&P 500 suffered its worst one-off decline since 1987 before later recording its best three-day period since 1933, oil prices crashed, interest rates dropped and Wall Street’s more esoteric markets intervened. The roller coaster came when investors found themselves overwhelmed by …

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Walmart will distribute temperature controls, masks and gloves to all employees across the country

As coronavirus continues to shut down businesses across the United States, Walmart have decided to keep their stores open. But the nation’s largest private employer is now taking further steps to prevent nearly 1.5 million employees from getting sick – and telling them to stay home if they are. Walmart on Tuesday announced updated health and safety guidelines for all …

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Hobby Lobby opened stores in states with coronavirus locks

Hobby Lobby defies state mandates by silently opening stores, including almost all of its stores in Wisconsin and Ohio. A March 28 memo obtained by Business Insider equipped executives with talking points for “how to respond and communicate if they are visited by a local authority who asks why we are open.” “I used to love working for this company, …

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Airlines that are supported can consolidate routes to fewer airports

Jet jets are parked on runway 28 at Pittsburgh International Airport on March 27, 2020 in Pittsburgh, Pennsylvania. Jeff Swensen | Getty Images The US Department of Transportation said Tuesday that it will allow airlines receiving corona virus support to consolidate certain routes to fewer airports, giving carriers a breathing room when they meet the requirements for relief. Last week, …

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