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July 10, 2020
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Reuters - Business

BBC appoints insider as new boss to negotiate future finance model

Reuters
LONDON (Reuters) – The BBC appointed an insider as its new director general on Friday, tasked with securing the future direction and financing of the publicly-funded British broadcaster in the wake of government scepticism of the current model. FILE PHOTO: A pedestrian walks past a BBC logo at Broadcasting House......
Reuters - Business

Bargain-conscious Americans lift used-car sales in the coronavirus economy

Reuters
NAPERVILLE, Ill. (Reuters) – At the height of the coronavirus pandemic in mid-April, used-car dealer Alex Tovstanovsky had vehicles jammed six rows deep on his lot in the western Chicago suburb of Naperville. Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on depleted inventory with his general manager......
Reuters - Business

BBC appoints Tim Davie as new boss to negotiate future finance model

Reuters
FILE PHOTO: A pedestrian walks past a BBC logo at Broadcasting House in central London October 22, 2012. REUTERS/Olivia Harris LONDON (Reuters) – Tim Davie was appointed the new head of the BBC on Friday, tasked with securing the future direction and financing of the publicly funded British broadcaster in......
Reuters - Business

Apple reopening 25 more U.S. stores, will soon top 100 worldwide

Reuters
FILE PHOTO: An Apple store employee informs people that the store is closed, after further cases of coronavirus were confirmed in New York, in Manhasset, New York, U.S., March 16, 2020. REUTERS/Shannon Stapleton/File Photo (Reuters) – Apple Inc will this week reopen more than 25 of its branded stores in......
Reuters - Business

Tim Hortons China says Tencent has invested, did not disclose amount

Reuters
FILE PHOTO: A Tim Hortons logo is pictured in Montreal, Quebec, Canada, October 18, 2019. REUTERS/Carlo Allegri HONG KONG (Reuters) – Tim Hortons China said Tuesday it received an investment from Chinese tech giant Tencent, as the Canadian coffee brewer seeks to expand in the Chinese market. Tim Hortons said......
Reuters - Business

Marriott profit misses as bookings, revenue per room plunge

Reuters
(Reuters) – U.S. hotel operator Marriott (MAR.O) missed already lowered estimates for first-quarter profit by a huge margin on Monday, as bookings plunged due to the coronavirus-led lockdowns that kept a quarter of its hotels closed. In line with Holiday Inn-owner IHG’s announcement last week, the company said its bookings......
Reuters - Business

Disney takes $1.4 billion coronavirus hit, sets date to reopen Shanghai park

Reuters
(Reuters) – Walt Disney Co (DIS.N) estimated global coronavirus lockdowns cut profits by $1.4 billion, mostly from its shuttered theme parks, but said it would reopen Shanghai Disneyland next week. FILE PHOTO: The sign of Walt Disney Studios Park is seen at the entrance of Disneyland Paris, in Marne-la-Vallee, near......
Reuters - Business

Discounts may help cure U.S. auto market’s coronavirus hangover

Reuters
(Reuters) – Texas auto dealer Hayden Elder says March was his worst month in 42 years selling cars thanks to the coronavirus, but April brought days that were “almost normal” and he expects bigger customer discounts to help him sell more Dodge Ram pickup trucks this month. Notes are written......

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