Month: June 2020

Private equity firm KKR’s co-chief executive officer and co-founder, Henry Kravis, said 80% of companies that it controls now have at least two board directors with diverse backgrounds. The firm set out to reach that threshold a few years ago and accomplished that in the first quarter of 2020, Kravis told CNBC’s Seema Mody on “The Exchange.”
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At Chris Purcell’s Firehouse Subs location in Elizabeth City, North Carolina, things aren’t quite business as usual. After suffering sales drops of as much as 60% during the height of the coronavirus pandemic, customers are starting to return. Now it’s all about making them comfortable and keeping employees and patrons alike safe in his store,
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As the coronavirus pandemic shut down the economy and put millions out of work this spring, national hunger relief organization Feeding America was squeezed from all sides: demand for food shot up while donations dwindled and delivery channels were choked off virtually overnight.  But its CEO, Claire Babineaux-Fontenot, knew the organization would find a way
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Starbucks said Friday that the chain would allow workers to wear attire and accessories highlighting the Black Lives Matter movement, reversing its prior stance after social media users called for boycotts of the company. Buzzfeed first reported on Wednesday that the coffee chain would not allow its employees to wear Black Lives Matter clothing or accessories,
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People visit Clearwater Beach after Governor Ron DeSantis opened the beaches at 7am on May 04, 2020 in Clearwater, Florida. Mike Ehrmann | Getty Images The rise in coronavirus cases seen in about half a dozen states across the U.S. isn’t the feared “second wave” — it’s still the first, scientists and infectious disease specialists
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A deliveryman is seen passing by a closed Taco Bell restaurant during the 45th day of state of alarm on April 28, 2020 in Barcelona, Spain. David Zorrakino | Europa Press News | Getty Images As the coronavirus pandemic upends consumers’ normal routines, Taco Bell is losing critical breakfast and late-night sales.   Parent company Yum Brands said Tuesday
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Take a look at some of the biggest movers in the premarket: Lululemon (LULU) – Lululemon reported quarterly earnings of 22 cents per share, 1 cent a share below estimates. The athletic apparel maker’s revenue also came in below forecasts amid virus-related store closures. It was Lululemon’s first earnings miss in three years, although it
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The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C., U.S., on Friday, Dec. 14, 2018. Andrew Harrer | Bloomberg | Getty Images Retail investors speculating in stocks are not responsible for the market’s comeback and their top picks tend to underperform, according
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