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  • Disney Plans More Layoffs as Covid-19 Pandemic Hits Businesses -- 4th Update

    Walt Disney Co. (DIS) plans to lay off a total of 32,000 employees by March, the company said, a further reduction in its workforce that comes as the pandemic hits the entertainment company's theme-park businesses especially hard. The number of layoffs is about 4,000 more employees than the previously reported 28,000 job cuts announced in September. Most of the job losses will come in the company's theme-park ranks, where thousands of workers have already been furloughed or laid off.

  • Disney Plans More Layoffs as Pandemic Hits Businesses -- 3rd Update

    Walt Disney Co. (DIS) plans to lay off a total of 32,000 employees by March, the company said, a further reduction in its workforce that comes as the pandemic hits the entertainment company's theme-park businesses especially hard. The number of layoffs is about 4,000 more employees than the previously reported 28,000 job cuts announced in September. Most of the job losses will come in the company's theme-park ranks, where thousands of workers have already been furloughed or laid off.

  • Mexico Confirms Its Economy Rebounded in Third Quarter

    MEXICO CITY-- Mexico's economy bounced back in the third quarter, led by increases in industrial output as business reopened from shutdowns to slow the spread of the coronavirus, but activity remained well below its year- earlier level, revised data show. Gross domestic product, a measure of output in goods and services, expanded a seasonally adjusted 12.1% in the July-September period following a record 17% contraction in the second quarter, the National Statistics Institute...

  • After Biden's Win, New York's Budgetary Waiting Game Continues

    Top New York lawmakers say they will continue to wait for a federal coronavirus relief package before making any adjustments to the state budget even as fiscal issues pile up for the state's localities and public authorities. The wait-and-see approach has ruled the State Capitol since the spring, when members of the Democratic-controlled state Assembly and Senate enacted a budget that gave Gov. Andrew Cuomo unilateral power to hold back spending if additional federal aid...

  • Hawaii Wants to Lure Visitors -- But Keep Out Covid-19 -- to Revive Its Economy

    By Kim Mackrael/ Photographs by Shafkat Anowar for The Wall Street Journal. Hawaii is seeking a careful balance as the holiday travel season kicks off: Allow enough visitors to help struggling, tourism-reliant businesses without causing a new wave of coronavirus cases. The state last month began allowing U.S. visitors to skip a mandatory 14- day quarantine if they get tested for Covid-19 through an approved provider within three days of their flight and the test comes back...

  • South Korea's Central Bank Says Covid-19 Rise Won't Derail Economic Recovery

    SEOUL--A jump in Covid-19 cases won't knock South Korea's economic recovery off track, the country's central bank said. The Bank of Korea on Thursday forecast the economy will contract 1.1% this year, an improvement on its earlier expectation for a 1.3% drop. The brighter outlook came as the country recorded its highest number of daily coronavirus cases since March 1, when it was suffering the worst outbreak in the world outside China.

  • Stock Futures Drift Higher in Muted Holiday Trading

    U.S. stock futures drifted higher Thursday, with investors anticipating a quiet day of trading on Thanksgiving. Futures tied to the S&P 500 ticked up 0.1%, a day after the benchmark stocks gauge closed at its second-highest level on record. Futures for the technology-heavy Nasdaq-100 index edged up 0.3%.

  • Riksbank Leaves Rate Path Unchanged But Upgrades Asset Purchases

    STOCKHOLM--Sweden's central bank on Thursday backed earlier guidance that its key repo rate will remain unchanged at zero at least until late 2023, but said it will expand its asset-purchase program to boost conditions for an economic recovery and help inflation rise towards target. The Riksbank said the second wave of coronavirus infections has promted tougher restrictions, hurting the already hard-hit services sector and prompting growth forecasts to be revised down...

  • Walt Disney to Lay Off 32,000 Workers as Covid-19 Hits Theme Parks--Update

    Walt Disney Co. (DIS) is planning to layoff 32,000 employees, primarily at its theme parks, as the coronavirus continues to hit the entertainment company's businesses hard. Disney (DIS) announced 28,000 job cuts in September and it expects to terminate its employees' contracts in the first half of fiscal 2021.. Disney (DIS) warned that it could take additional measures such as not declaring future dividends and either reducing or not making certain payments, such as contributions to its...

  • Aviva's Nine-Month Trading Resilient; Declares 1st Half Dividend

    Aviva PLC (AIVAF) said Thursday that trading for the first nine months of the year has been resilient and that it is declaring a dividend for the first half. The FTSE 100 listed insurer said performance was driven by its core markets, partially offset by declines in the manage-for-value portfolio as margin was prioritized over volume. U.K. and Ireland Life new business sales rose 40% to 9.2 million pounds for the nine-month period, with value of new business increased 5% to GBP203 million.

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