Finance news

• U.S. activist investors Land & Buildings, Engaged raise new capital: sources

  24-03-2020 23:57
  
  Several investors who push management to perform better are trying to raise hundreds of millions of dollars in new cash to buy stakes in companies beaten down by a historic market selloff, four...
  
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• China censored people who spoke out about the coronavirus, but there's reason to believe the country's numbers are still trustworthy

  24-03-2020 23:56 via news.yahoo.com
  
  Because China was secretive about SARS and has censored whistleblowers, some still think its coronavirus numbers aren't trustworthy.
  
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• Factbox: U.S. lawmakers who tested positive for the coronavirus

  24-03-2020 23:46 via news.yahoo.com
  
  Three members of the U.S. Congress have tested positive for the new coronavirus, and more than two dozen others have said they are self-quarantining, even as lawmakers scramble to pass more legislation to help cope with the pandemic.The Kentucky Republican said on Sunday that he had tested positive and was in quarantine.The Florida Republican said on March 18 that he tested positive after developing symptoms on March 14.
  
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• Boko Haram attack kills nearly 100 Chadian troops

  24-03-2020 23:44 via news.yahoo.com
  
  N'Djamena (AFP) - Boko Haram jihadists have killed nearly 100 Chadian soldiers in a seven-hour attack on an island army base, in their deadliest assault yet on the country's armed forces.President Idriss Deby told Chad television he travelled to the scene of the attack on Tuesday to pay tribute to the 92 dead soldiers, saying it was the first time so many troops had been lost.The attack early Monday morning in Boma, Lac province, is part of an expanding jihadist campaign in the vast, marshy Lake
  
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• LA sheriff clashes with county lawyer over closing gun shops

  24-03-2020 23:39 via news.yahoo.com
  
  The Los Angeles County sheriff said Tuesday gun shops are not essential businesses and ordered deputies to make sure they were closed during the coronavirus crisis — a move that was contradicted hours later when the county's top lawyer said the shops could be open.Los Angeles, the nation’s largest county with 10 million residents, enacted a stay-at-home order last week that required all nonessential businesses to close to slow the spread of the virus.The county order — and an e
  
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• Senate Bill Best Option for GOP, Scalise Says: Congress Update

  24-03-2020 23:34 via news.yahoo.com
  
  (Bloomberg) -- Senators are negotiating the final sticking points in a roughly $2 trillion stimulus bill to help the U.S. economy get through the coronavirus pandemic. Majority Leader Mitch McConnell criticized Democrats for blocking two procedural votes that pushed back the timeline for passing the relief package.Treasury Secretary Steven Mnuchin has been meeting with Senate Minority Leader Chuck Schumer to resolve Democrats’ complaints about the Republican legislation. Speaker Nancy Pelo
  
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• Fitness enthusiasts think outside the gym during coronavirus

  24-03-2020 23:31 via news.yahoo.com
  
  Steve LaTart in Minnesota is thinking of installing a space heater in his basement to recreate the atmosphere of his hot yoga classes now that his gym has closed due to coronavirus fears.Gyms, yoga studios and CrossFit centers around the country are fueling the drive to stay active by offering online classes, some free of charge, or extending trial periods for at-home workouts.Studio owners and fitness instructors are having to adjust too as they make the shift to teaching online.
  
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• Pompeo will not self-isolate after Afghanistan, Qatar trip

  24-03-2020 23:23 via news.yahoo.com
  
  U.S. Secretary of State Mike Pompeo will not self-isolate after returning from Afghanistan and Qatar on Tuesday because neither country was on a U.S. government list calling for such precautions when he visited, a State Department medical official said.The official, who spoke on condition of anonymity, also said Pompeo's choreographed movements in both places and the prior screening of people who came in contact with him meant it was a low or no-risk environment for him to catch the disease.Aske
  
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• Here is where airlines are parking all those grounded planes as travel dries up

  24-03-2020 23:19 via news.yahoo.com
  
  As the coronavirus outbreak squelchs travel demand, flights are being cancelled, airports are empty and grounded planes are turning remote airports into big parking lots.
  
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• First known US youth coronavirus death: Minor dies after testing positive in LA County

  24-03-2020 23:18 via news.yahoo.com
  
  Los Angeles County health officials said a youth under the age of 18 has died as a result of the COVID-19 pandemic, marking the first in the nation.
  
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• Arizona appeals court upholds Jodi Arias' murder conviction

  24-03-2020 23:15 via news.yahoo.com
  
  The Arizona Court of Appeals on Tuesday upheld Jodi Arias’ first-degree murder conviction and life prison sentence in the 2008 killing of her former boyfriend."We conclude that Arias was convicted based upon the overwhelming evidence of her guilt, not as a result of prosecutorial misconduct,” the ruling said.The panel condemned Martinez's “argumentative phrasing of questions" to defense witnesses, adding that his “aggressive tone and combative, bullying behavior" were rec
  
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• Chloroquine treats malaria: Will it work against coronavirus? The side effects are risky, experts say

  24-03-2020 23:13 via news.yahoo.com
  
  Two malaria drugs, chloroquine and hydroxychloroquine, are being studied as a possible treatment for COVID-19. Scientists warn the drugs are untested
  
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• New Oxford study suggests millions of people may have already built up coronavirus immunity

  24-03-2020 23:11 via news.yahoo.com
  
  A model predicting the progression of the novel coronavirus pandemic produced by researchers at Imperial College London set off alarms across the world and was a major factor in several governments' decisions to lock things down. But a new model from Oxford University is challenging its accuracy, the Financial Times reports.The Oxford research suggests the pandemic is in a later stage than previously thought and estimates the virus has already infected at least millions of people worldwide. In t
  
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• A new CDC report said the coronavirus was found on surfaces in cabins aboard the Diamond Princess 17 days after passengers disembarked, but that doesn't necessarily mean it could have infected people

  24-03-2020 23:11 via news.yahoo.com
  
  The scientists said they couldn't tell whether disease transmission actually occurred from the contaminated surfaces and that more research is needed.
  
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• A new CDC report found the coronavirus on surfaces aboard the Diamond Princess 17 days after passengers disembarked, but that doesn't necessarily mean it could have infected people

  24-03-2020 23:11 via news.yahoo.com
  
  The scientists said they couldn't tell whether disease transmission actually occurred from the contaminated surfaces and that more research is needed.
  
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• What to do if you are (or know) an alcoholic in quarantine

  24-03-2020 23:02 via news.yahoo.com
  
  Experts and recovering alcoholics offer advice on how people who are fighting addiction can still get help in the midst of the coronavirus pandemic.
  
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• Where's Fauci? Doctor's absence is noticed at White House coronavirus briefing

  24-03-2020 22:57 via news.yahoo.com
  
  Dr. Fauci did not appear at Monday's briefing after a candid interview with Science magazine, in which he admitted some disagreements with Trump.
  
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• Ventilators and respirators are not the same thing — but there's still a dire shortage of both

  24-03-2020 22:47 via news.yahoo.com
  
  There is a shortage on a variety of medical gear. Respirators assist breathing by purifying the air. Ventilators breathe for the patient.
  
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• 'Cacophony of coughing': Inside NYC's virus-besieged ERs

  24-03-2020 22:43 via news.yahoo.com
  
  Overworked, sleep-deprived doctors and nurses rationed to one face mask a day and wracked by worry about a dwindling number of available ventilators.Such is the reality inside New York City’s hospitals, which have become the war-zone-like epicenter of the nation’s coronavirus crisis.Faced with an infection rate that is five times that of the rest of the country, health workers are putting themselves at risk to fight a tide of sickness that’s getting worse by the day amid a shor
  
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• As New York faces coronavirus 'bullet train,' experts warn of challenges ahead

  24-03-2020 22:39 via news.yahoo.com
  
  Gov. Andrew Cuomo painted a dire forecast of the outbreak Tuesday morning, saying spread of the disease was accelerating and the state was in "desperate" need of ventilators.
  
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• Former White House aide who wrote report on Ebola outbreak says U.S. 'didn't follow through' on pandemic preparation investments

  24-03-2020 22:37 via news.yahoo.com
  
  Christopher Kirchhoff, a former Obama administration aide who wrote a report in 2016 on the lessons learned from the 2014 Ebola outbreak, told Stat News that the United States was on the path to preparedness for a pandemic like the current novel coronavirus situation after Ebola, but never finished the job.In his report, Kirchhoff wrote that it wasn't acceptable for the U.S. to "merely" maintain "the current scale of response activities." He told Stat that Congress, during the Ebola outbreak, pa
  
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• North Macedonia expected to join NATO within days

  24-03-2020 22:24 via news.yahoo.com
  
  The NATO alliance is about to grow.
  
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• Puerto Ricans are vigilant as coronavirus response, hurricane recovery coincide

  24-03-2020 22:23 via news.yahoo.com
  
  "This is the third, and newest, threat or crisis that Puerto Rico faces. So, in my opinion, all options have to be on the table," Erica González of Power 4 Puerto Rico said.
  
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• AP FACT CHECK: Trump claims rising suicides if US stays shut

  24-03-2020 22:23 via news.yahoo.com
  
  President Donald Trump is making a baseless claim of surging suicides if the U.S. economy remains mostly shut due to the spread of the coronavirus.There's no evidence that suicides will rise dramatically, let alone surpass potential coronavirus deaths.The new coronavirus is not the same as the annual flu, because it’s a disease that hadn’t been seen before in humans.
  
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• New Orleans is an epicenter of coronavirus. Mardi Gras could be to blame, doctors say.

  24-03-2020 22:11 via news.yahoo.com
  
  As of Tuesday afternoon, New Orleans had 567 of Louisiana's 1,388 cases of coronavirus and 20 of the state's 46 deaths.
  
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• New Orleans is a center of coronavirus. Mardi Gras could be to blame, doctors say.

  24-03-2020 22:11 via news.yahoo.com
  
  As of Tuesday afternoon, New Orleans had 567 of Louisiana's 1,388 cases of the coronavirus and 20 of the state's 46 deaths.
  
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• 'Imaginary clock': Governors reject Trump's virus timeline

  24-03-2020 22:04 via news.yahoo.com
  
  Governors across the nation on Tuesday rejected President Donald Trump's new accelerated timeline for reopening the U.S. economy, as they continued to impose more restrictions on travel and public life in an attempt to curb the spread of the coronavirus.The dismissal of Trump's mid-April timeframe for a national reopening came from Republicans and Democrats, from leaders struggling to manage hot spots of the outbreak and those still bracing for the worst.Maryland Gov. Larry Hogan, the head of th
  
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• Coronavirus: Nobel Prize winner predicts US will get through crisis sooner than expected

  24-03-2020 22:02 via news.yahoo.com
  
  A Nobel Prize winning biology professor has provided a bit of good news amidst the coronavirus gloom; the US may see a downturn in new cases sooner than some models have predicted.Michael Levitt, a Stanford University biology professor and a 2013 Nobel Prize winner in chemistry, said his models predict the virus is not likely to dwindle on for months or years and – most importantly – is not likely to cause millions of deaths.
  
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• Cuomo calls on Trump to invoke Defense Production Act in fight against coronavirus

  24-03-2020 21:56 via news.yahoo.com
  
  President Trump has been reluctant to use the Cold War-era Defense Production Act, which allows the president to pressure or even force private industries to produce products deemed necessary for the nation’s defense.
  
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• Trump wants to reopen the US economy on Easter because he'd like 'packed churches all over our country' despite massive public health risk

  24-03-2020 21:49 via news.yahoo.com
  
  New York Gov. Andrew Cuomo announced that experts believe New York's coronavirus outbreak will reach an apex in 14 to 21 days. Easter is in 19 days.
  
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• Scientology Chief David Miscavige Is a Coronavirus Denier, Says Top Critic

  24-03-2020 21:48 via news.yahoo.com
  
  As the novel coronavirus continues to spread around the planet—with the global toll on Tuesday surpassing 400,000 cases and 18,000 deaths—the Church of Scientology is officially scoffing at the pandemic and encouraging followers to continue normal religious activities while treating traditional science and governmental authority with skepticism.In a March 13 eyes-only memo to his estimated 25,000 to 55,000 members in the United States, Scientology leader David Miscavige called the in
  
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• McDonald’s gives its famous logo a makeover to promote social distancing

  24-03-2020 21:48 via news.yahoo.com
  
  The golden arches look a little different in some parts of the world these days.
  
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• Bill Gates warns of slow economic recovery from coronavirus and says the US can't 'ignore that pile of bodies over in the corner'

  24-03-2020 21:39 via news.yahoo.com
  
  "It's very irresponsible for somebody to suggest that we can have the best of both worlds," the philanthropist said.
  
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• Coronavirus-related crimes capitalize on global fear, panic

  24-03-2020 21:35 via news.yahoo.com
  
  Hate groups encourage sick members to infect law enforcement officers.As the coronavirus pandemicspreads, so too do the crimes related to it — transgressions that capitalize on fear, panic and the urge to lay blame, and add to the burden on law enforcement agencies trying to protect vulnerable citizens.U.S. President Donald Trump and others have taken to calling the virus the “Chinese coronavirus,” even as scientists say the disease has nothing to do with Asian ethnicity.
  
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• Bill Gates said the US missed its chance to avoid a coronavirus shutdown and recommended businesses stay closed for 6 to 10 weeks

  24-03-2020 21:25 via news.yahoo.com
  
  Gates admitted a mandated shutdown could be "disastrous" for the economy, but said the US didn't act fast enough to avoid it.
  
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• Dozens of TSA workers nationwide have tested positive for coronavirus in the past 2 weeks

  24-03-2020 21:20 via news.yahoo.com
  
  More than two dozen TSA airport workers have tested positive for coronavirus, according to the Department of Homeland Security.
  
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• California governor says hospitals in the state need 50,000 more beds and are on the brink of a medical-gear shortage

  24-03-2020 21:20 via news.yahoo.com
  
  California is scouring the globe to find more medical equipment to avoid a shortage of supplies that would jeopardize health care workers' safety.
  
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• Falwell Misled Me on Reopening Liberty University, City Manager Says

  24-03-2020 21:16 via news.yahoo.com
  
  When Liberty University president Jerry Falwell Jr. announced on Monday that he was reopening the school’s residence halls to students amid the coronavirus pandemic, he implied that he had received the blessing of officials in Lynchburg, Virginia, to do so. “They thanked us for making that decision,” Falwell told the Liberty University News Service, describing a call to move classes online but also, in his words, to get his students “back as soon as we can—the
  
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• Why do you lock down 1.3bn people?

  24-03-2020 21:15 via news.yahoo.com
  
  India's intensely crowded public and private spaces make it very vulnerable to the spread of coronavirus.
  
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• Iran rejects help from 'foreign forces' as virus deaths near 2,000

  24-03-2020 21:10 via news.yahoo.com
  
  A senior Iranian official Tuesday ruled out help from "foreign forces" to deal with the coronavirus epidemic after an offer from a France-based medical charity, as the country's death toll from the illness neared 2,000."Due to Iran's national mobilisation against the virus and the full use of the medical capacity of the armed forces, it is not necessary for now for hospital beds to be set up by foreign forces, and their presence is ruled out," Alireza Vahabzadeh, advisor to Iran's health ministe
  
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• FDA will allow doctors to treat critically ill coronavirus patients with blood from survivors

  24-03-2020 21:06 via news.yahoo.com
  
  Experts say the treatment might be the best hope for some patients until more sophisticated drugs are developed.
  
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• Trump's own generals believe they should prepare for a 'long haul' coronavirus response. He wants to relax the restrictions by Easter.

  24-03-2020 21:01 via news.yahoo.com
  
  President Donald Trump says the lockdown could end in less than three weeks, but the US military is preparing "for the long haul."
  
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• Census mails out more notices, judge tosses lawsuit by group

  24-03-2020 21:00 via news.yahoo.com
  
  The U.S. Census Bureau has mailed out a second round of notices reminding people to participate in the 2020 census, officials said Tuesday.Bureau officials said last week they may hire even more to make up for lost time due to the spread of the novel coronavirus.The Census Bureau last week suspended field operations until the start of April, and pushed back the deadline for finishing the count by two weeks to mid-August.
  
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• Potential coronavirus treatment granted rare disease status

  24-03-2020 20:59 via news.yahoo.com
  
  The pharmaceutical giant that makes a promising coronavirus drug has registered it as a rare disease treatment with U.S. regulators, a status that can potentially be worth millions in tax breaks and competition-free sales.Experts who have studied the so-called “orphan drug” program say the company's request — and the Food and Drug Administration's decision to grant it — seem inappropriate given the rapidly expanding threat of the viral outbreak.The FDA granted the status
  
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• Judge rejects ex-Trump lawyer Cohen's bid for freedom, even with COVID-19 risk

  24-03-2020 20:58 via news.yahoo.com
  
  A federal judge on Tuesday denied Michael Cohen's request to be released early from prison, saying U.S. President Donald Trump's former personal lawyer and fixer should accept the consequences of his crimes rather than invoke the coronavirus pandemic to justify his freedom.U.S. District Judge William Pauley in Manhattan said the government acted within its discretion in deciding that Cohen's false statements and refusal to accept responsibility justified that he serve his three-year sentence."Te
  
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• Key medical glove factories cutting staff 50% amid virus

  24-03-2020 20:55 via news.yahoo.com
  
  Malaysia's medical glove factories, which make most of the world's critical hand protection, are operating at half capacity just when they're most needed, The Associated Press has learned.Malaysia is by far the world’s largest medical glove supplier, producing as many as three out of four gloves on market.The industry has a history of mistreating migrant workers who toil over hand-sized molds as they're dipped in melted latex or rubber, hot and exhausting work.
  
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• How to date, have sex, and fall in love during the coronavirus pandemic

  24-03-2020 20:47 via news.yahoo.com
  
  With cities on lockdown to stop the spread of COVID-19, dating may seem impossible. Insider compiled a guide on how to date during the pandemic.
  
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• Trump says governors 'have to treat us well' if they want assistance during coronavirus pandemic

  24-03-2020 20:45 via news.yahoo.com
  
  President Trump said Tuesday he's working well with governors across the country as both the federal government and the states battle the coronavirus pandemic.Trump singled out his working relationship with California Gov. Gavin Newsom (D), with whom he's clashed in the past over issues like homelessness. And everyone else, it seems, remains in communication with each other and the White House as the country develops some semblance of a coordinated plan. But, there's a catch.The president said g
  
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• One chart shows 10 countries' current coronavirus death rates, based on known cases and deaths. Italy's is highest: nearly 10%.

  24-03-2020 20:44 via news.yahoo.com
  
  Italy has the greatest number of deaths related to COVID-19 — more than China — and also the highest death rate: 9.5%.
  
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• Trump's desire to restart the economy alarms officials in states hit hard by coronavirus

  24-03-2020 20:40 via news.yahoo.com
  
  For the past three days, President Trump has publicly embraced the view that the measures taken to slow the spread of the coronavirus outbreak should not come at the expense of the U.S. economy.
  
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