Major U.S. airlines plan to make a last-ditch bid to persuade Congress to grant them a new $25 billion bailout to help avert thousands of employee furloughs set to begin Oct. 1, even as a separate $25 billion in government loans for the sector sits untapped.

The chief executives of American Airlines, United Airlines and JetBlue Airways and major aviation unions were scheduled to hold a news conference on Capitol Hill on Tuesday afternoon calling for a six-month extension of a payroll support program that consisted primarily of grants in exchange for keeping workers on the payroll.

Ticker Security Last Change Change %
AA ALCOA CORPORATION 12.21 -0.09 -0.73%
LUV SOUTHWEST AIRLINES CO. 38.12 +0.60 +1.60%
UAL UNITED AIRLINES HLDG. 34.07 +0.28 +0.83%
JBLU JETBLUE AIRWAYS 11.80 +0.26 +2.25%
ALK ALASKA AIR GROUP 37.88 +0.24
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Since its spin-out from Siemens (OTCPK:SIEGY) in the spring of 2018, Siemens Healthineers (OTCPK:SMMNY) has had a rather lackluster run – underperforming the med-tech space by over 20% before the announced acquisition of Varian (VAR) opened the gap even further. While Siemens Healthineers has a market-leading, and quite profitable, imaging business, investors have been disappointed by the lack of progress in the diagnostics business, and it seems fair to assume that with the need to integrate Varian and do whatever is necessary to ensure the success of that large deal, diagnostics may not get the TLC it needs for a while longer.

With the shares underperforming more significantly since the early August announcement of the Varian deal, a lot of premium has been wrung out of Siemens Healthineers shares. It’s still not significantly undervalued, but I can see the possibility of a mid-to-high single-digit annualized return from this level, and

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TransferWise co-founders Kristo Käärmann and Taavet Hinrikus.

TransferWise

LONDON — TransferWise, one of Europe’s most valuable private financial technology firms, just posted its fourth consecutive year of profitability.

The online money transfer service said Wednesday that its net profit more than doubled to £21.3 million ($27.1 million) in the fiscal year ending March 2020. Annual revenues came in at £302.6 million, TransferWise said, up almost 70% from the previous year.

TransferWise’s annual accounts have been in the black since 2017, a rare display of sustainable growth in the fintech sector. Other start-ups in the space have reported deepening losses due to spending on new product features and overseas expansions.

Matt Briers, TransferWise’s chief financial officer, said the company prides itself on being transparent about the fees it charges on transactions. So-called neobanks like Monzo and Revolut have struggled to break even with their zero-fee checking accounts, and have looked to

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Nike appears to have recovered from its pandemic slump, posting a solid quarterly profit driven by soaring online sales of its sneakers and workout apparel

NEW YORK — Nike appears to have recovered from its pandemic slump, posting a solid quarterly profit driven by soaring online sales of its sneakers and workout apparel.

The world’s largest sports apparel maker on Tuesday reported a net profit of $1.5 billion profit, or 95 cents per share, in the three-month period ending Aug. 31, up 11% from the same 2019 quarter.

That was well ahead of Wall Street analysts’ expectations of 47 cents a share, according to FactSet. Nike’s stock surged 13% in after-hours trading following the release of the results.

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The Business Roundtable’s August 2019 pledge to redefine the purpose of a corporation as one that “promote[s] an economy that serves all Americans” was seen as a historic step for corporate responsibility—and nothing has put that commitment to the test like the COVID-19 pandemic, the subsequent economic fallout, and the heightened attention on racial inequality over the past few months.

Did the 181 business leaders who signed the pledge rise to meet their promise of stakeholder governance? Did they step up during these crises to take care of their workers’ jobs and health and answer their communities’ calls for equity? According to a new study: not really.

A study released on September 22 from KKS Advisors, a consultancy group that focuses on sustainability strategies, and A Test of Corporate Purpose, an initiative formed in 2020 to assess how purpose-driven companies have responded to the recent crises, takes a look at

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The mobile responsive website adds more content and a completely new design and user experience for Live Events professionals.

CT's new website offers users a rich experience and look inside the live event technology leader's global solutions.
CT’s new website offers users a rich experience and look inside the live event technology leader’s global solutions.
CT’s new website offers users a rich experience and look inside the live event technology leader’s global solutions.
Creative Technology is a global leader providing audio, display and lighting technology solutions for live sports, entertainment and corporate clients.
Creative Technology is a global leader providing audio, display and lighting technology solutions for live sports, entertainment and corporate clients.
Creative Technology is a global leader providing audio, display and lighting technology solutions for live sports, entertainment and corporate clients.

PITTSBURGH, Sept. 22, 2020 (GLOBE NEWSWIRE) — Creative Technology (CT),  one of the world’s leading providers of technology services to the global events industry and a Live Events Company of NEP Group, has recently launched a new and dynamic, mobile responsive website.

Since joining the NEP group 3 years ago the CT business worldwide has

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a screen shot of a man: Jay Fairbrother. Courtesy of Jay Fairbrother; Shayanne Gal/Business Insider


© Courtesy of Jay Fairbrother; Shayanne Gal/Business Insider
Jay Fairbrother. Courtesy of Jay Fairbrother; Shayanne Gal/Business Insider

  • The Unemployed States of America takes readers deep inside the decimated American workforce.
  • Jay Fairbrother is a 38-year-old accountant based in Buffalo, New York.
  • He lost his job as an accountant in May, but has been using this time to do what he wants while looking for his next opportunity. 
  • With no more than a few introductory interviews and job postings, Fairbrother is worried what the future holds — especially because this is the longest he’s been unemployed. 
  • This is his story, as told to Business Insider.
  • Visit Business Insider’s homepage for more stories.

The pandemic has been strangely enjoyable.

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Being able to spend more time doing what I want to do in a day has been eye-opening. The pandemic has also allowed me to enjoy the outdoors and the weather

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By Dan Burns and Howard Schneider



House Financial Services Committee hearing on oversight of the Treasury Department's and Federal Reserve's coronavirus disease (COVID-19) pandemic response on Capitol Hill in Washington


© Reuters/POOL
House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease (COVID-19) pandemic response on Capitol Hill in Washington

(Reuters) – Top U.S. economic policymakers opened the door on Tuesday to further aid for small businesses hit by the coronavirus-triggered recession, but differed over how broad it might extend and the manner in which it should be delivered.

In testimony before the House of Representatives Financial Services Committee, Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell were pressed by lawmakers concerned the multi-trillion-dollar effort to battle the economic fallout from the pandemic had left a broad swathe of businesses vulnerable, from the smallest corner restaurants to commercial office properties and hotels.



a man talking on a cell phone: House Financial Services Committee hearing on oversight of the Treasury Department's and Federal Reserve's coronavirus disease (COVID-19) pandemic response on Capitol Hill in Washington


© Reuters/POOL
House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease (COVID-19) pandemic response on Capitol Hill

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LONDON–(BUSINESS WIRE)–The global dental cone beam computed tomography market is expected to grow by USD 255.14 million as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of about 7%.

For the Right Perspective & Competitive Insights – Request Free Sample Report on Pandemic Recovery Analysis

Read the 120-page report with TOC on “Dental Cone Beam Computed Tomography Market Analysis Report by End-user (Hospitals and Dental clinics and laboratories), Geography (North America, Europe, Asia, and ROW), Application (Dental implants, Endodontic and periodontics, Orthodontic, and Dental surgeries), and the Segment Forecasts, 2020-2024”. Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing,

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BERKLEY — A Berkley Street business owner’s plea for relief from what he called unsafe traffic patterns prompted the town to submit a last minute application for a grant to improve the streets.

Less than a week before the Sept. 22 deadline, selectmen decided to apply for a Massachusetts Department of Transportation Shared Streets and Spaces grant to improve the town’s streets.

The spark to apply for the newly created grant program so suddenly came after Richard Peterson, owner of Web Press Services, Inc., 541 Berkley St., described the traffic situation where his facility sits.

Peterson said the lack of space and frontage between him and the businesses adjacent to him, which include his son’s gym, Chaos Fitness, Dough Licious Pizza and the Berkley Farms Convenience Store, is creating a “crazy traffic flow” there.

He complained the problem that he has been struggling to contain since he first occupied the

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