Qualcomm says China demand has returned

This post was originally published on this site During an appearance on CNBC earlier today, Qualcomm (QCOM +7.9%) CEO Steve Mollenkopf said that demand in China has already returned to normal. The exec says the dividend is something the company “can handle in the current environment” and that QCOM would be “opportunistic” about buybacks. Qualcomm shares are up 7.4% […]

Estonian financial watchdog head says Swedbank accepts decision

This post was originally published on this site © Reuters. TALLINN (Reuters) – Swedbank (ST:) has accepted the decision the Estonian financial watchdog made on Thursday, the head of the watchdog said after an investigation found serious deficiencies in the bank’s management of money laundering risks in its Baltic operations. “The bank has let us […]

Pembina's proposed Jordan Cove LNG export plant wins FERC approval

This post was originally published on this site The Federal Energy Regulatory Commission approves Pembina Pipeline’s (PBA +16.2%) Jordan Cove LNG project in Oregon and the 230-mile Pacific Connector pipeline. Jordan Cove, designed to produce ~1B cf/day of natural gas, would include five liquefaction trains, two LNG storage tanks and the pipeline capable of transporting […]

Domino's ramps up hiring as demand picks up

This post was originally published on this site Domino’s (DPZ +12.4%) says its franchise-owned locations are looking to hire about 1K new team members across more than 100 stores throughout Greater Chicago. The positions include delivery drivers, customer service representatives, assistant managers and managers. The pizza chain says increased demand for deliveries has boosted its […]

Tenaris to lay off more than 900 employees at U.S. facilities

This post was originally published on this site Tenaris (TS +9.3%) says it is cutting more than 900 employees from its U.S. workforce, citing the sharp decline in the price of oil and subsequent decrease in market activity. Operations at the company’s Koppel and Ambridge facilities in Pennsylvania will be suspended effective March 31, and […]

American Airlines says bookings still falling, working on more flight cuts

This post was originally published on this site © Reuters. CHICAGO (Reuters) – American Airlines Group Inc (O:) is working on more network reductions “in real-time” as it sees booking continuing to decline, President Robert Isom told employees in a letter on Thursday. American has already slashed its international flying by 75% and domestic flying […]

Senate Working at ‘Warp Speed’ To Draft Stimulus by Thursday

This post was originally published on this site (Bloomberg) — Congressional leaders raced to draft legislation by Thursday for the next virus-related economic rescue plan that could exceed the size and scope of the emergency measures taken during the 2008 financial crisis. Soaring layoffs, plunging markets and shuttered schools, shops and factories caused by the […]

Duke Energy draws down $2B from credit pacts

This post was originally published on this site Duke Energy (DUK -4.5%) borrows the remaining $500M under its existing $1.0B revolving credit line and borrows $1.5B from a new 364-day term loan credit agreement. Will use proceeds to reduce outstanding commercial paper and to fund general corporate purposes. Term loan pact includes a provision to […]