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Mallinckrodt Files for Bankruptcy in Delaware

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  • Post last modified:October 12, 2020

Mallinckrodt  announced it has voluntarily initiated Chapter 11 proceedings declaring itself bankrupt at the District of Delaware, according to Bloomberg Law. The company aims to modify its capital structure through…

Canadian September Employment Rises, Beats Expectations

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  • Post last modified:October 9, 2020

Canadian employment is up 2.1% to 378,200 in September, more than analysts’ 150,000 estimate, according to press release. Unemployment rate is 9.0%, better than estimated 9.8%. Full time employment change…

U.S. Stock Futures Rising amidst Relief Package Talks Drama

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  • Post last modified:October 9, 2020

Investors are closely monitoring developments of U.S. stimulus aid package talks. President Donald Trump said talks had resumed, and House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are expected…

Domino Pizza Records Growth in Q3 2020 Result

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  • Post last modified:October 8, 2020

Domino’s Q3 global retail sales increased 14.4% (14.8% excluding foreign currency impact) according to press release.  Sales growth driven by changing customer ordering behavior during the Covid-19 pandemic.  U.S. same-store…

Fitch Affirms Alibaba Rating at A+ again. Here are the key reasons

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  • Post last modified:October 8, 2020

Fitch Ratings affirmed Long-Term Foreign-Currency Issuer Default Rating (IDR) and senior unsecured rating   “A+," affirming the Chinese-based e-commerce giant stable outlook, according to FitchRatings. Rating underscore’s Alibaba’s strong business…