Companies

Two large movie theater owners issued warnings on Wednesday about their ability to recover from the coronavirus. AMC, the country’s largest cinema chain, said in a regulatory document that there is “substantial doubt” about its ability to “continue as a going concern for a reasonable period of time.” Companies issue “going concern” warnings when they are running out of cash …

SoftBank Group is launching a $ 100 million fund to invest in “companies led by founders and entrepreneurs of color,” in the latest corporate action as the protests stir up the United States. Described as SoftBank’s bid to improve diversity, “We have to put money behind this, set plans and hold ourselves accountable,” wrote SoftBank chief operating officer Marcelo Claure, …

The coronavirus turned out to be chicken soup for Campbell’s profit, but hungry investors were still scraping the bottom of the can. The canned soup giant reported a 15 percent increase in quarterly net sales on Wednesday thanks to consumers storing stable food amid the pandemic. But customers bought Campbell’s items so fast last quarter that the company struggled to …

Warner Music Group He set the price of his initial public offering at $ 25 a share, valuing the record label, which represents people like Ed Sheeran, Bruno Mars and Cardi B., at a staggering $ 12.75 billion. Music giant led by CEO Lucian Grainge, who is the father of labels such as Atlantic Records, Warner Records and Elektra Records, …

As American companies reopen after weeks of pandemic blockades, many have been posting coronavirus waivers or requiring employees and customers to sign waivers before entering. From hair salons and recreation centers to stock exchanges and wedding photographers, announcements have sprung up across the country, asking guests to acknowledge that they could get a disease That so far has killed more …

The coronavirus will cut box office revenue in half this year, and the pandemic is now poised to weaken the status of theaters as destinations for premiere movies, according to an influential media analyst. Ticket sales revenue will fall to $ 5.5 billion this year, more than 50 percent from $ 11.4 billion in 2019, MoffettNathanson analyst Michael Nathanson predicted …

A technical problem in the US government system. USA It caused many small businesses to receive loans twice or more under a federal aid program to help businesses affected by the COVID-19 pandemic, nearly a dozen people with knowledge of the matter said. The money given in error could amount to hundreds of millions of dollars that the government and …

Twitter’s dispute with President Trump may end up costing the social media company, Wall Street analysts say. By moving on to the president’s flag tweets and fact checks, the company led by Jack Dorsey is opening up to intense scrutiny of its practices in ways that could compel it to expand the 1,500-member content moderation team that controls its platform. …

US stocks fell on Monday as Wall Street faced mounting riots over police brutality and continuing tensions with China. The Dow Jones industrial average fell as low as 140.82 points, or 0.5 percent, to 25,242.29 at the open, while the S&P 500 fell as much as 0.4 percent and the tech-heavy Nasdaq lost as much as 0.3 percent. The fall …

A federal judge has dismissed a lawsuit in which two former University of Maryland men’s basketball players accused the makers of the “Fortnite” video game of misappropriating a dance move that former teammates popularized. The US District Judge. USA Paul Grimm in Maryland ruled Friday that the Copyright Law pre-empts claims that Jared Nickens and Jaylen Brantley filed in February …