Saturday, 20 Apr 2024

MEDIA-Bank of America CEO sees economy bouncing back after health crisis – Bloomberg News

Police in Princeton, B.C., issue warning following report of person impersonating health official

Police in Princeton, B.C., are warning the public to be wary following a report of someone impersonating a public health official.

The reported incident, according to police, involved an elderly woman who had had a prior medical incident and a man who allegedly posed as an employee from Interior Health.

Sprint and T-Mobile officially complete merger

T-Mobile US said on Wednesday it officially completed the merger with Sprint, solidifying its position as the No.3 wireless providers in the US.

T-Mobile’s longtime Chief Executive John Legere is stepping down from his position effective immediately as part of the deal.

Legere was originally set to leave at the end of April, with Mike Sievert, T-Mobile’s president, as his successor. Legere will serve on T-Mobile’s board of directors.

The combined company will now operate under the T-Mobile name and will trade on the NASDAQ as “TMUS.”

Sprint acknowledged risks in an SEC filing, saying that its internal controls over financial reporting could negatively affect the combined company.

A US federal judge approved the deal in February, rejecting a claim by a group of states that the proposed transaction would violate antitrust laws and raise prices.

As part of an agreement with the Department of Justice, the combined wireless company will sell off assets to Dish Network, making the latter the fourth-largest provider in the US wireless space.

Saskatchewan Premier Scott Moe donating his pay increase to charities amid COVID-19 pandemic

Saskatchewan Premier Scott Moe is joining other leaders across Canada by donating his annual wage increase to charity during the COVID-19 pandemic.

On Wednesday, salaries for all MLAs and cabinet ministers increased by 1.7 per cent. This brings their base salary to $100,068 for the year.

Saskatchewan Roughriders’ QB Cody Fajardo hopeful for football in 2020

Cody Fajardo has been trying to treat this off-season like any other.

Testing of frontline staff to reach 100,000s in coming weeks- English medical boss

LONDON (Reuters) – Testing of frontline staff will go from the thousands to hundreds of thousands within the coming weeks, Public Health England’s Medical Director Yvonne Doyle said on Wednesday.

“We are very committed to our NHS (National Health Service) frontline staff,” she told a news conference, declining to give more precise information on testing numbers or timescales.

European Economics Preview: Bank Of England Rate Decision Due

The interest rate announcement from the Bank of England is due on Thursday, headlining a busy day for the European economic news.

At 3.00 am ET, the Office for National Statistics releases UK retail sales data for February. Economists forecast sales to grow 0.2 percent on month, following a 0.9 percent increase in January.

Also, Germany Gfk consumer confidence survey data is due. The forward-looking consumer sentiment index is seen at 7.1 in April versus 9.8 in March.

At 4.00 am ET, the Swedish National Institute of Economic Research is set to issue economic tendency survey data.

Half an hour later, Sweden foreign trade data is due from Statistics Sweden.

At 5.00 am ET, the European Central Bank is set to issue economic bulletin and money supply data. Economists forecast euro area M3 growth to remain unchanged at 5.2 percent in February.

At 8.00 am ET, the Bank of England publishes the outcome of the monetary policy meeting. Economists expect the bank to retain its record low interest rate and to expand asset purchase programme to GBP 635 billion from GBP 435 billion.

In the meantime, the Czech National bank announces its monetary policy decision. The two-week repo rate is likely to be lowered to 1.25 percent from 1.75 percent.

Capital One Moves Summer Internships Online In Virus Response

Capital One Financial Corp. has moved its summer internship program online as the majority of its associates continue to work remotely in response to the coronavirus outbreak.

Interns were notified of the change on March 30, and will still receive the pay and housing funds outlined in their original offer letters, according to a Capital One spokesperson. There are about 1,000 interns in the incoming class.

“This change allows us to continue to provide a rewarding and impactful learning experience for our interns while prioritizing the health and safety of the entire Capital One community,” the company said in an emailed statement.

Many of Capital One’s 52,000 employees have been working from home since March 12, and its cafes and some of its bank branches have closed to mitigate the spread of the coronavirus. Capital One is the first major U.S. bank to publicly announce changes to its summer internship program.

PVH Corp. Q4 adjusted earnings Beat Estimates

Below are the earnings highlights for PVH Corp. (PVH):

-Earnings: -$67.4 million in Q4 vs. $158.7 million in the same period last year.
-EPS: -$0.93 in Q4 vs. $2.09 in the same period last year.
-Excluding items, PVH Corp. reported adjusted earnings of $137.8 million or $1.88 per share for the period.
-Analysts projected $1.81 per share
-Revenue: $2.60 billion in Q4 vs. $2.48 billion in the same period last year.

MEDIA-Bank of America CEO sees economy bouncing back after health crisis – Bloomberg News

— Source link: bloom.bg/2QZb01W

— Note: Reuters has not verified this story and does not vouch for its accuracy

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