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Casino operator MGM Resorts plans to lay off 18,000 furloughed workers in the United States as a global travel slowdown from the coronavirus crisis hurt its operations, the Wall Street Journal reported on Friday. The job cuts will start Monday, the report said. The company had about 52,000 full-time and 18,000 part-time employees in the …
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IAC, the media conglomerate which operates Dotdash and Vimeo, has taken a 12 percent stake in Las Vegas hotel and casino giant, MGM Resorts, worth approximately $1 billion. IAC chairman and senior executive Barry Diller said his company was attracted to MGM, which owns resorts like The Mirage, The Excalibur and Luxor, for its online …
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HOUSTON — The Houston Astros are trying to put their sign-stealing scandal behind them. It seems as if the Los Angeles Dodgers have their own thoughts on the matter. Benches cleared Tuesday night during the Dodgers’ 5-2 victory over the Astros in the first game between the teams since it was revealed that Houston stole …
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The stakes are higher than ever. Gamblers flocked to casinos in Las Vegas Thursday as the city reopened for the first time since the Strip went dark amid the coronavirus crisis in March. “It’s just been months of us trying to get here,” Bobbi Carlisle of Phoenix, told USA Today. “Now we’re here, and we’re …
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In the week since US auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for COVID-19 but only Ford has temporarily closed plants. The US auto industry reopened many plants last week after a two-month shutdown due to the global pandemic. To ensure safety during the outbreak, companies imposed …
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Astros third baseman Alex Bregman’s decision to part ways with his sports agency, Klutch Sports, was reportedly influenced by last week’s announcement that Uninterrupted, a film production company co-founded by fellow Klutch athlete LeBron James, is helping produce a documentary about the Houston Astros’ sign-stealing scandal. The Athletic reported late Tuesday night that Bregman “felt …
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Apple, keen to up its prowess in virtual reality and augmented reality, has purchased NextVR. The Newport Beach, Calif., outfit uses virtual reality tech to enable people to “attend” concerts and other live events. Neither the hardware giant nor the acquired company has disclosed the sale price, but 9to5Mac reported it as around $100 million. …
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DETROIT — Fiat Chrysler is backing off a planned May 4 restart at its North American factories because some U.S. states still will have stay-home orders in place. The move likely means that factories of all three Detroit automakers will be idled for at least another two weeks as they negotiate reopening terms with the United …
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General Motors CEO Mary Barra received a compensation package worth $21.6 million in 2019, 1.1 percent less than the previous year, according to the US automaker’s proxy statement released on Monday. Barra’s pay package included a salary of $2.1 million, stock awards worth $12.14 million, options worth more than $3.5 million and a performance award …
