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AMC cinemas may not be able to survive the Coronavirus

Photo: Victor J. Blue / Getty Images When the coronavirus pandemic caused the closure of entertainment venues, small independent theaters appeared to be in danger. Now, with offices in most states still closed for nearly three months, industry giants are also starting to worry. According to CNN, AMC Theaters, the country’s largest cinema chain, in a June 3 financial statement …

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Prosecutors are demanding an arrest warrant against Samsung heir Jay Lee – TechCrunch

South Korean prosecutors said Thursday they had filed an arrest warrant for the Samsung group’s heiress Jay Y. Lee and two other former company executives as part of a sprawling investigation into an alleged accounting fraud and controversial merger that has shocked the country. In May, Lee appeared before prosecutors to be questioned about the merger of two Samsung units. …

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The Senate approves the law to give greater flexibility to the recipients of the paycheck protection plan

The Senate on Wednesday passed a bill that would give small businesses more time to use the loans they have been granted to resist the ongoing coronavirus pandemic, as well as additional flexibility on how they can use the money. Legislation passed the Assembly last week with an almost unanimous vote, passing 417-1. The measure stopped briefly in the Senate …

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Texas Luby Icon announces plans to sell all businesses and catering

HOUSTON – Another Texas icon has fallen into a sad financial situation. Luby’s Inc. announced Wednesday that it will sell all operating divisions and real estate assets to pay shareholders and debt after the company has struggled financially for a long time. Cafeteria-style restaurants have been a source of comfort food for Texans since the first Luby opened in San …

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The European stock market rally is leaving the United States behind as the ECB and governments rise, analysts say

The trend may finally change direction for European equities, thanks in part to the aggressive tactics of the European Central Bank and the long-awaited follow-up on the fiscal side of the equation by euro area governments, analysts say. European equities have significantly underperformed US counterparts, including long-lived small caps, over the past five years, challenging repeated requests for change of …

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Luby will sell restaurant business and goods

Luby, the iconic but exhausting Texas coffeehouse chain known for its comfort foods, plans to sell its restaurant and property business to pay shareholders long dissatisfied with the Houston company’s financial performance. Less Luby, the iconic but exhausting Texas coffeehouse chain known for its comfort foods, plans to sell its catering and property business to pay long-dissatisfied shareholders for the …

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More than 78,000 people have recovered from COVID-19 en masse, DPH says

The Massachusetts Department of Public Health reports that over 78,000 people in the state have recovered from COVID-19 infections. It is the first time that state health officials have released state-wide recovery data related to coronavirus. DPH reported that 78,108 of 97,964 confirmed COVID-19 patients in Massachusetts have been released from isolation since June 3. State health officials say that …

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Luby will sell restaurant business and goods

Paul Takahashi | up June 3, 2020 Luby, the iconic but exhausting Texas coffeehouse chain known for its comfort foods, plans to sell its restaurant and property business to pay shareholders long dissatisfied with the Houston company’s financial performance. The late Wednesday restaurant chain said it will immediately continue selling its operations and activities, including its real estate, and will …

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