Charles Schwab Corp (SCHW) said on Monday it is laying off about 1,000 positions in the combined workforce of Charles Schwab (SCHW) and TD Ameritrade to streamline and reshape their branch network. "These reductions are part of our efforts to reduce overlapping or redundant roles across the two firms," Charles Schwab (SCHW), which completed the acquisition of TD Ameritrade earlier in October, said.
- Asian markets look set to continue a downward path on Tuesday after soaring global coronavirus cases and shrinking hopes for a U.S. stimulus deal took a toll on Wall Street and drove up the U.S. dollar. Australia's ASX 200 opened down about 0.6%, while Japan's Nikkei 225 futures were up 0.04%. The Nikkei 225 index closed down 0.09% on Monday.
Asian markets look set to continue a downward path on Tuesday after soaring global coronavirus cases and shrinking hopes for a U.S. stimulus deal took a toll on Wall Street and drove up the U.S. dollar. Australia's ASX 200 opened down about 0.6%, while Japan's Nikkei 225 futures were up 0.04%. The Nikkei 225 index closed down 0.09% on Monday.
* S.Korea Q3 GDP s/adj +1.9% Q/Q, fastest jump since 2010 -BOK. * S.Korea Q3 exports soars 15.6% Q/Q, a pace not seen since 1986. * S.Korea Q3 construction investment -7.8% Q/Q. By Cynthia Kim.
Carlyle Group Inc (CG): * CARLYLE GROUP ACQUIRES PRIME FRENCH AND GERMAN DISTRIBUTION LOGISTICS ASSETS. * IT HAS ACQUIRED A PORTFOLIO OF 27 DISTRIBUTION LOGISTICS ASSETS IN FRANCE AND GERMANY. * TRANSACTION IS STRUCTURED AS A SALE-AND-LEASEBACK. * EQUITY FOR INVESTMENT CAME FROM CARLYLE EUROPE REALTY, A EUR 540 MILLION PAN-EUROPEAN REAL ESTATE FUND.
South Korea's economy rebounded in the third quarter on a strong recovery in exports of cars and memory chips after sliding into a pandemic-induced recession. Gross domestic product expanded by 1.9% during the July-September period from the prior quarter-- the fastest pace since the first quarter of 2010, preliminary Bank of Korea data showed Tuesday. The reading beats the median forecast by seven economists polled by The Wall Street Journal for a 1.7% expansion.
South Korea's economy returned to growth in the third quarter, climbing out of the slump brought about by the coronavirus as its major trading partners began lifting pandemic restrictions. Asia's fourth-largest economy grew a seasonally adjusted 1.9% in the September quarter from three months earlier, the Bank of Korea said on Tuesday, the fastest expansion since the first quarter of 2010.
Ashford Hospitality Trust Inc: * ASHFORD HOSPITALITY TRUST (AHT/PD) - EXTENDING EXPIRATION DATE FOR EXCHANGE OFFER OF PREFERRED STOCK TO 5:00 PM, NEW YORK CITY TIME, ON NOV 20. * ASHFORD HOSPITALITY TRUST (AHT/PD) - AMENDING EXCHANGE OFFERS TO ELIMINATE OPTION TO ELECT FOR CASH CONSIDERATION Source text for Eikon: [ID: https://bit.ly/31JAp5h] Further company coverage:
DALLAS, Oct. 26, 2020 Ashford Hospitality Trust (AHT/PD), Inc. today announced that it is extending the expiration date for its offer to exchange any and all shares of each of its series of preferred stock for cash or common stock of the Company from 5:00 PM, New York City time, on October 30, 2020 to 5:00 PM, New York City time, on November 20, 2020, unless the Company further extends the Exchange Offe...
PHILADELPHIA, Oct. 26, 2020 PREIT, a leading operator of diverse retail and experiential destinations, today reports that, as a result of progress made in negotiations to date, it has entered into an amendment to the previously announced Restructuring Support Agreement that grants an extension of time through October 28, 2020 to achieve the support of 100% of its lenders to the terms of the de...
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