(Bloomberg) -- With its 175-acre campus in Cupertino, California, and several dozen more offices across the rest of the world, Apple Inc. wasn’t designed as a work-at-home company. That all changed about three weeks ago in the coronavirus pandemic. Earlier in March, Apple shuttered many facets of its Apple Park and older Infinite Loop campuses as San Francisco Bay Area officials put in place stay-at-home orders. Later, the company told employees that specific approval is needed to gain access to an office, but identification badges remain functional. The shift from office culture to remote work has been challenging for the hardware-focused company with a passion for secrecy. In the past, Apple has gone to great lengths to keep its new products shielded from the public until the company is ready to unveil them. Employees work behind secure doors with blacked-out windows, lock products in cabinets and are barred from discussing their assignments even with spouses. Now, working from home, some are finding it...
Tesla's stock rally continued today as analysts debate the company's long-term prospects. Several analysts have cut their price targets for the company as deliveries are expected to be lower than expected before the coronavirus pandemic hit. However, some have upgraded their position on Tesla Inc. (NASDAQ:TSLA) stock. Q4 2019 hedge fund letters, conferences and more […]...
When you ask any 90s kid which parts of their childhood they are most fond of, you may be surprised at one common factor they all share: watching cartoons on the weekends. ViacomCBS Inc (NASDAQ:VIAC), which owns Nickelodeon, a popular pay television channel which broadcasts many nostalgic children’s cartoons, is a high dividend yielding, low […]...
Carnival Corp (NYSE: CCL) shares were capsizing Monday after the cruise line said it won't sail the seas until at least May 12 -- a full month later than previously expected.Carnival Guests Given Refund Options Carnival said in a series of press releases that its brands will pause operations. In one release, the Holland America Line brand said all departures scheduled through March 14 are now canceled. Guests who booked a cruise will be given the option of a full cash refund or a gift card worth 125% of their booking value on top of an additional $250 shipboard credit.Similar deals were offered by Seabourn, Cunard and other Carnival brands.Holland President Says 'Temporary Standstill' Necessary "As the world addresses global health concerns, travel has come to a temporary standstill as communities take necessary precautions to protect themselves," Orlando Ashford, the president of Holland America Line, said in a statement."All of us...
Former IRS Commissioner & alliantgroup Vice Chairman Mark Everson joins Yahoo Finance's On The Move panel to discuss how the coronavirus relief checks will be sent out to Americans....
Whatever the final impact of the pandemic on fleet management, one legacy will be the creation of an expanded base of new customers comfortable with e-commerce transactions to be serviced by a growing number of final-mile delivery fleets. ...
U.S. mall owner Taubman Centers, Inc. (NYSE: TCO) is warning tenants against skipping rent payments, CNBC reported Sunday.Taubman Says Rent 'Essential'The real estate investment trust wrote in a March 25 memo obtained by CNBC that the rental income it receives from tenants is "essential" for it to meet its own financial obligations, like paying lenders on mortgages and utility expenses.The Taubman memo reportedly said "all tenants will be expected" to stay true to their original lease obligations, despite financial difficulties related to the coronavirus.So far, restaurant chain Cheesecake Factory Inc (NASDAQ: CAKE) is the most notable national mall tenant to confirm it won't pay rent in April, although the company said it is in various stages of discussions with its landlords.RBC Capital Markets and Costar Realty found just one Cheesecake Factory located within a Taubman property.Taubman Sale Underway Taubman ultimately bears the financial responsibility of managing its malls, even if they...
