Take a look at some of the biggest movers in the premarket:
Accenture (ACN) – The consulting firm reported quarterly profit of $1.70 per share, falling 3 cents a share short of Wall Street forecasts. Revenue also came in slightly shy of estimates and the company gave a weaker-than-expected current-quarter revenue forecast, as clients spend less due to the Covid-19 pandemic.
E.W. Scripps (SSP) – Scripps announced a deal buy privately held TV network operator ION Media for $2.65 billion. The deal is being backed by Warren Buffett’s Berkshire Hathaway (BRK.B), with Berkshire making a $600 million preferred equity investment in Scripps to help finance the purchase.
BlackBerry (BB) – The software company beat estimates by 9 cents a share, with quarterly earnings of 11 cents per share. Revenue was also above expectations, on strong demand for its security and car software.
CarMax (KMX) – The used-vehicle retailer earned $1.79 per share for its latest quarter, well above the consensus estimate of $1.08 a share. Revenue was also above analysts’ forecasts. CarMax saw vehicle sales rise by 3.9%, with comparable-store sales up 1.2%, and its financing profit increased by 29%.
Darden Restaurants (DRI) – The parent of Olive Garden and other restaurant chains earned 28 cents per share for its latest quarter, beating the consensus estimate of 5 cents a share. Revenue was very slightly below Street forecasts with sales during the quarter at about 82% of prior-year levels. The company also reinstated its dividend.
Take a look at some of the biggest movers in the premarket:
Labor Day in 2020 falls on September 7. The federal holiday is observed every year on the first Monday in September. Many offices and businesses are either closed or operating on limited hours, including various food/drink venues.
Here we look at the hours of operation on Labor Day at different restaurant chains across the country.
Amid the ongoing coronavirus outbreak, many food/drink venues (including all of the restaurants listed below) have implemented various safety measures in compliance with local guidelines to help mitigate the spread of infection.
Some restaurants have reopened their dining rooms, while others may only be offering takout, delivery and curbside pick-up services. Check your local venue to confirm before traveling.
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The burger franchise is open on Labor Day but hours vary by location. Some venues are open 24 hours on a regular day, while others are open from around 6 a.m. to noon local time. Call your local branch for exact hours.
Face coverings have been required at all McDonald’s restaurants in the country from August 1.
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Back in late July, the company announced a temporary pause on reopening its dining rooms “to further our efforts to slow the surge in COVID-19 cases and protect restaurant teams and customers.”
“This means we will not approve the reopening of any additional dining rooms. Locally, any dining room roll back decisions should be guided by state and local guidance,” the company noted in a statement.
A view of this br McDermott Will & Emery
Bridge loan funding for mergers and purchases involves stakes that are high borrowers and loan providers. Comprehending the timing, framework, terms and array of outcomes under a connection loan dedication is paramount to a effective funding settlement and also to analyzing the general deal economics.
For corporations and personal equity sponsors pursuing big purchases, securing a connection loan dedication could be the last element of an acquisition bid that is winning. Whilst in numerous situations the debtor and also the committing bridge loan providers see the connection commitment being a backstop and share the objective of never ever really obtaining the connection loan funded, the terms could be of critical value to your general economics associated with the acquisition and also to the timing, framework and regards to a long-lasting financing. The complexity of connection loan terms, plus the range that is broad of results that could have a bridge loan commitment, allow it to be imperative for an acquirer to quickly take part in careful negotiations utilizing the connection financial institutions also to factor the bridge financing expenses and terms into its financial analysis and projections when it comes to purchase.
The Financing Gap and a Bridge Loan to Cross It
History has been made – Tesla has finally overtaken Toyota to be the world’s most valuable car brand by market value, which currently stands at US$205 billion (RM878.5 billion). Toyota, the second largest carmaker with an annual production of over 10 million cars, trails behind with a market capitalisation of US$200 billion (RM857.1 billion).
Tesla’s rise to the top of the stack is explosive. Its shares multiplied fivefold in the last 12 months, from US$230 (RM986) to US$1,100 (RM4,714). That’s a big turnaround, considering that the electric car brand was just weeks away from death, CEO Elon Musk said in November 2018.
However, with debt included, Toyota is still worth more at US$284 billion (RM1.22 trillion) compared to Tesla’s US$207 billion (RM887 billion) enterprise value, according to financial data provider Sentieo.
To put that into perspective, Toyota’s shares trade on a multiple that values the business at 16 times its earnings, but Tesla’s shares trade on a multiple of almost 220 times the company’s profits. That’s way ahead of any other auto business and nearly double the multiples by tech giants such as Amazon, the Financial Times reports.
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Offering this regards, this market place manufactures virtually any large information of revived products. Who is now going on the way to the effective car dealerships to acquisition a second-hand car. This, however, doesn’t mean the they’re linked to inferior superior.
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The Straits Times
Some 60,000 short-term bed spaces will be created to house foreign workers here by the end of this year in the first step towards a major overhaul of dormitories announced this week. With workers who stayed at close quarters accounting for more than 90 per cent of the Covid-19 cases in Singapore, the dorms of the future will be designed to not only reduce the risk of similar outbreaks, but to also respond quickly when one does happen. This overhaul of the physical model stems from lessons learnt from the pandemic, that are being acted on quickly. It is not that the earlier model was wrong but that its shortcomings have come to the fore because of the public health crisis. Addressing them is the right thing to do.
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Just How Can Vehicle Refinancing Affect Your Finances?
Whenever you refinance a car or truck, you supercede your present car finance with a brand new one of various terms. In training, automobile refinancing is the method of paying down your present car finance by having a brand new one, frequently from the lender that is new. This method might have outcomes that are varying automobile owners. Therefore, before refinancing, make certain you realize your motivations for refinancing and also the results you’re looking for.
A lot of people refinance to save lots of cash. But this objective usually takes forms that are multiple. Some desire to reduce their payments that are monthly. Other people like to reduce their attention prices or adjust their loan term lengths. Nevertheless, other people do have more individual reasons why you should refinance, such as for instance eliminating co-signers from their loans. It doesn’t matter what is encouraging you to definitely give consideration to refinancing your car or truck, it’s important which you comprehend the possible results of refinancing a vehicle.
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Refinancing might help you…
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