Clinical trials of vaccines are being developed by several companies. Here’s who they’re looking for, and what’s involved.
Meanwhile, ‘individuals working in brick-and-mortar establishments have fewer rights; fewer opportunities to express concerns around privacy.’
Facebook Inc. undefined plans to lease the Farley Building, a centerpiece of a large New York City project in the works from Vornado Realty Trust undefined, the companies announced Monday afternoon, sending Vornado shares higher in after-hours trading. Facebook is taking all of the available office space, about 730,000 square feet, in the Farley Building, which stretches between 31st and 33rd streets and 8th and 9th avenues in Manhattan. Vornado described Farley as the "cornerstone" of its Penn District project, for which it has 10 million square feet of space and allocated $2 billion to develop the area near Penn Station and Madison Square Garden. "The Farley Building will further anchor our New York footprint and create a dedicated hub for our tech and engineering teams," Robert Cookson, a Facebook vice president for real estate and facilities, said in the news release. "We look forward to being a part of this iconic New York City landmark's future for years to come." Vornado shares jumped more than 7% in after-hours trading after the announcement was made. The stock has suffered amid doubts about commercial real estate in the era of COVID-19, falling 48.8% so far this year.
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Shares of Eastman Kodak Co. undefined tumbled 24% in afternoon trading Monday, putting them on track for a third-straight double-digit percentage decline, after the digital printing and film company, which is getting into the pharmaceuticals ingredients business, disclosed that holders of convertible notes were exercising their right to convert notes into common stock. The stock has now dropped 50% since skyrocketing 16-fold in three days to $33.20 on July 29, after the Trump administration announced on July 28 that Kodak received a $765 million loan, as part of a Defense Production Act directive to loosen the reliance on foreign sources for pharmaceutical ingredients. In an 8-K filing with the Securities and Exchange Commission on Monday, Kodak said the holders of the 5.00% convertible notes due 2021, which were issued in May 2019, are converted a total of $95 million of the notes into 29.9 million shares of Kodak common stock, on July 29. That would imply a value of $3.175 per converted share, while the stock was currently trading at $16.58. On July 27, Kodak granted Chief Executive James Continenza options to buy Kodak stock at various strike prices, which are now all in the money, to "protect" him from dilution of his share holdings, in case the convertible debt issued in May 2019 were converted into stock. Kodak's stock has now rallied nearly fourfold (up 256.6%) year to date, while the S&P 500 undefined has gained 2.0%.
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Avnet Inc. rallied in the extended session Monday after the electronic components distributor forecast strong results for the quarter while announ...
Harmonic Inc. shares surged in the extended session Monday after the video-services company topped Wall Street estimates for the quarter and issue...
Mosaic Co. shares rallied in the extended session Monday after the fertilizer maker's results topped Wall Street expectations. Mosaic shares surge...
Take-Two Interactive Software Inc. shares are up 5% after the company reported=] on Monday fiscal first-quarter results that exceeded Wall Street'...
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People in or close to retirement have specific needs and concerns
A new survey looks into a disconnect among human resource professionals, who are often the first hear reports of discrimination.
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Outlays for construction projects fell 0.7% in June at a seasonally adjusted annual rate of $1.36 trillion, the Commerce Department reported Monday. This is the fourth straight monthly decline. Economists polled by Econoda...
Mack-Cali Realty Corp. reported Monday adjusted funds from operations that missed expectations has revenue surprisingly fell, as the real estate i...