News That Matters

Tag: more

Stocks making the biggest moves after hours: Salesforce, Slack, Box and more

Finance
People wear protective face masks outside Salesforce Tower as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 22, 2020 in New York City.Noam Galai | Getty ImagesCheck out the companies making headlines after the bell:Salesforce — Shares of the software company dropped more than 3% in after hours trading on Tuesday after Salesforce announced it will acquire messaging platform Slack for $ 27.7 billion. Elsewhere, Salesforce beat on the top and bottom lines of its quarterly results. The company reported earnings of $ 1.74 per share on revenue of $ 5.42 billion. Analysts forecast earnings of 75 cents per share on revenue of $ 5.25 billion, according to Refinitiv.Slack — Shares of Slack rose slightly in extended trading
UK secures two million more Moderna jabs as new vaccine minister appointed

UK secures two million more Moderna jabs as new vaccine minister appointed

Technology
The government has secured an additional two million doses of the Moderna COVID-19 vaccine, which trials suggest has a 95% effectiveness.The announcement came as the government appointed a minister, Nadhim Zahawi, responsible for the national deployment of the jabs. Live updates on coronavirus from UK and around world Please use Chrome browser for a more accessible video player Moderna vaccine: 'No evidence of waning immunity' The total number of Moderna vaccine doses on order from the US pharmaceutical company is now seven million - enough...
U.S. forces in South Korea, Japan confirm more than 50 new COVID-19 cases

U.S. forces in South Korea, Japan confirm more than 50 new COVID-19 cases

Business
Nov. 23 (UPI) -- U.S. Forces Korea reported 22 positive COVID-19 tests among people arriving at South Korean bases between Nov. 5 and Nov. 20 in a statement on Monday. Contractors, service members and their dependents were quarantined after they arrived at Osan Air Base and at Inchon International Airport. Advertisement Despite the increase in cases, U.S. Forces Korea said that it remains "at a high level of readiness with less than one percent of its active duty service members currently confirmed positive." The positive tests are among 54 new COVID-19 cases identified among U.S. forces in Asia, including 21 over the weekend at Yokota Air Base, near Tokyo. The base currently has 43 active cases, the base reported, during a weekend in which the city of Tokyo reported a record 500 or more...

Stocks making the biggest moves midday: Zoom, Nikola, FireEye, Intuit & more

Finance
Check out the companies making headlines in midday trading. Zoom Video — Shares of the video-conferencing company jumped 6.1% amid a rise in Covid-19 cases. Zoom has been one of the key "stay-at-home" trades, and shares are up 550% this year.Nikola — The electric vehicle maker gained 0.6% after Loop Capital initiated coverage on the stock with a buy rating. "Nikola possesses intellectual property that is attractive to a number of partners, and ... its vehicles will begin to hit the road with these partners over the next two years," the firm said. Loop Capital's $ 35 target represents a 33% upside from Thursday's closing price.Workday — Shares of Workday dropped 9.3% after the software company sounded the alarm on continued pressure from the pandemic. "While we have seen some recent s
Greggs to cut more than 800 jobs as coronavirus lockdown hits business

Greggs to cut more than 800 jobs as coronavirus lockdown hits business

Business
Greggs has announced plans to cut more than 800 jobs as a result of the ongoing coronavirus pandemic.The boss warned that the bakery chain "will not be profitable as a business" if sales continue at the rates they have been in lockdown. In a statement posted on its employee information website earlier this week, chief executive Roger Whiteside said: "COVID trading conditions have forced this action onto our business and we are all very saddened by the need to part company with around 820 friends and colleagues, many of whom have worked with us for many years."He went on to say that "the battle with COVID hasn't gone away and is intensifying further" as lockdown measures continue to be in place across the UK. Mr Whiteside added: "At lockdown levels of sales, even after all of the mitigating...