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Business

Chesapeake Energy Shares Sharply Reduce to 20-Year Bottom

Shares in Chesapeake Energy Corp. CHK, -9.29% headed for a sharp loss in a very active morning trading on Tuesday, putting them on the path for a 20-year close at the bottom due to the oil and gas company wider than -expected loss for the second quarter The stock collapsed 9.9%, wiping out 6.4% profit shortly after opening to trade …

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Snape says he is raising convertible debt for $ 1 billion

Snap co-founder and CEO Evan Spiegel speaking at the 2018 Codes Conference on May 29, 2018 Asa Mathhat | Vox Media Snap said it would accumulate $ 1 billion in debt on Tuesday. Snap shares rose slightly in early trading. The Snapchat manufacturer said it was offering $ 1 billion in convertible senior notes due on August 1, 2026. Snap …

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Apple Card is rolling out today

Apple CEO Tim Cook says Apple Card will arrive in August at the company's last earnings call, and here it is: Apple's new credit card, issued in partnership with Goldman Sachs, will begin "preview preview" today, and then become widely available to all iPhone owners in the US later this month. Apple says that a random selection of people who …

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Barneys Bankruptcy File – CNN

A New York-based retailer filed for Chapter 11 bankruptcy protection early Tuesday morning. The statement said it also provided $ 75 million from affiliates of Hilco Global and Gordon Brothers Group to help meet its financial commitments. “Like many in our industry, Barneys New York's financial position is dramatically impacted. challenging retail environment and rental structures that are excessively high …

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rePlanet closes all recycling centers, leaving hundreds jobless – Victor Valley News Group

Victor Valley, California (VVNG.com) – Locals were among 750 layoffs after RePlanet, California's largest recycling center, registered bankruptcy. This makes the second company to close this weekend a sharp layoff of employees; While Marie Calender closes 19 locations, including the Victorville Restaurant on Amargosa Road, rePlanet closed all 284 California recycling centers. "We learned Saturday afternoon that the company had …

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California's largest recycling business closes, 750 fired

SAN JOSE, CA (AP) – California's largest recycling center operator shut down Monday and laid off 750 employees. RePlanet closed all 284 of its centers, and company president David Lawrence said the decision was driven by rising business costs and falling aluminum and PET plastics prices, San Jose Mercury News reported. This move occurred three years after RePlanet closed 191 …

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The Chinese PBOC sets the yuan average at more than 7 per dollar

An ICBC bank employee counts Chinese 100 yuan at its Beijing branch. Kim Kyung-Hung | Reuters After the Chinese currency weakened from a carefully monitored level on Monday, the country's central bank has set the official yuan benchmark stronger than Tuesday's. This important line is at seven yuan per dollar. In Asian afternoons, the forex currency traded at 7.0304 against …

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