With Delta’s help, Martin Luther King Jr. park in Atlanta to reopen

With Delta’s help, Martin Luther King Jr. park in Atlanta to reopen

Thanks to an $83,500 grant from Delta Air Lines, the Martin Luther King Jr. National Historical Park in Atlanta will reopen open this weekend during the holiday honoring its namesake, despite a partial government shutdown. Continue Reading Below Delta CEO Ed Bastian announced the news on Friday via his LinkedIn page, saying he was “honored” to support King’s legacy by funding the historical park through Feb. 3. Delta is headquartered in Atlanta. MORE FROM FOXBUSINESS.COM……

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With Delta’s help, Martin Luther King Jr. park in Atlanta to remain open

With Delta’s help, Martin Luther King Jr. park in Atlanta to remain open

Thanks to an $83,500 grant from Delta Air Lines, the Martin Luther King Jr. National Historical Park in Atlanta will remain open this weekend during the holiday honoring its namesake, despite a partial government shutdown. Continue Reading Below Delta CEO Ed Bastian announced the news on Friday via his LinkedIn page, saying he was “honored” to support King’s legacy by funding the historical park through Feb. 3. Delta is headquartered in Atlanta. MORE FROM FOXBUSINESS.COM……

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Why companies are turning to private equity

Why companies are turning to private equity

Companies looking to prosper are having more success in the private equity market, according to Castle Harlan CEO John Castle. Continue Reading Below “If you go back to the late 1960s it was an industry that was measured in tens of millions of dollars,” Castle said to FOX Business’ Maria Bartiromo on Friday. “Today it’s measured in $3 trillion, and as a result many speculate as to why has there been a reduction of the…

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Netflix: Fortnite is a bigger competitor than HBO

Netflix: Fortnite is a bigger competitor than HBO

Netflix executives identified an unlikely competitor in its fight to lure new viewers to its streaming platform when it reported fourth-quarter earnings on Thursday. Continue Reading Below The streaming giant said it earns an estimated 10 percent of all television screen time among U.S. consumers, or about 100 million hours per day out of a possible 1 billion hours. Based on that metric, Fortnite, the immensely popular video game created by Epic Games, is a…

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Stocks rise on optimism about China-US trade negotiations

Stocks rise on optimism about China-US trade negotiations

U.S. stocks on Friday are continuing a rally that started Thursday afternoon on word that the U.S. may ease tariffs on China. Continue Reading Below There is also a report that China’s vice premier will come to the U.S. later in the month to participate in trade talks. A Bloomberg report said China had offered to go on a six-year buying spree to ramp up U.S. imports in order to reconfigure the relation between the…

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Oil jumps 3 pct on OPEC plan details, US-China trade hopes

Oil jumps 3 pct on OPEC plan details, US-China trade hopes

Oil prices rallied about 3 percent on Friday, boosted after OPEC detailed specifics on its production-cut activity to reduce world supply, and on signals of progress in resolving the U.S.-China trade war. Continue Reading Below Futures were on track for a third straight week of gains, with Brent crude up $1.64 to $62.82 a barrel, or 2.7 percent, at 11:06 a.m. EST (1606) GMT. U.S. West Texas Intermediate (WTI) crude futures were up $1.70 to…

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Tiffany holiday sales fall as Chinese tourists spend less

Tiffany holiday sales fall as Chinese tourists spend less

Tiffany shares soar to all-time high Capital Wave Forecast Editor Shah Gilani, Ladenburg Thalmann Asset Management President Phil Blancato and FoxNews.com columnist Liz Peek discuss what caused Tiffany’s booming sales. Tiffany & Co tempered its yearly profit forecast on Friday after its holiday sales fell unexpectedly as Chinese tourists spent less globally and the U.S. luxury jeweler faced softer demand in Europe and at home. Continue Reading Below Like other firms which sell luxury products, Tiffany relies on…

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CVS, Walmart reach new agreement for pharmacy network

CVS, Walmart reach new agreement for pharmacy network

Walmart reports 3Q revenue miss WSJ Assistant Editorial Page Editor James Freeman and FBN’s Maria Bartiromo and Deirdre Bolton break down Walmart’s third-quarter results. CVS Health and Walmart said on Friday the world’s largest retailer would remain part ofCVS’s network for commercial and Medicaid pharmacy customers, breaking a contract impasse CVS disclosed earlier this week. Continue Reading Below Financial terms of the new contract were not disclosed. MORE FROM FOXBUSINESS.COM On Tuesday, CVS said the companies had failed to agree…

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Tesla to cut workforce by 7 percent

Tesla to cut workforce by 7 percent

Tesla is swinging the job axe in an attempt to trim costs. Continue Reading Below The electric automaker is cutting several thousand  jobs, while it ramps up the production of its crucial Model 3 sedan. MORE FROM FOXBUSINESS.COM Tesla shares fell 5 percent in premarket trading “Tesla will need to make these cuts while increasing the Model 3 production rate and making many manufacturing engineering improvements in the coming months,” Chief Executive Officer Elon Musk…

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Netflix shares fall on mixed quarterly results

Netflix shares fall on mixed quarterly results

Netflix shares fell in after-hours trading on Thursday after the streaming giant reported mixed quarterly results, missing on quarterly revenue but topping expectations for subscriber additions and earnings. Continue Reading Below The company posted fourth quarter revenue of $4.19 billion, slightly below Wall Street’s expectation of $4.21 billion. Quarterly earnings per share of 30 cents outpaced the Street’s projection of 24 cents, according to Refinitiv data. Wall Street also eyed a drop in the fourth…

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