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Tuesday, October 20, 2020
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Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

This year started with optimism, record-high stock prices and a fat pipeline of companies raring to sell shares of their stock to the public for the first time. All that ended when the coronavirus outbreak sent stocks screeching to their fastest bear market ever, according to Goldman Sachs. The S&P 500 fell 20% last quarter as investors retrenched and wondered when the economy might grind back into gear. The result is that up to 20 companies have already shelved plans to raise money through initial public offerings, or IPOs, of stock, according to Renaissance Capital.

“Volatility has essentially shut the spring IPO market, with only a handful of biotechs and quarantine-friendly IPOs expected in the coming months,” the research group said in a report. The biggest IPOs of the first quarter included a $1.6 billion offering by contract-research organization PPD and a $1.4 billion offering by waste-management company GFL Environmental. Renaissance Capital said possible upcoming IPOs could include Jamf, whose workflow-management software could benefit as more schools switch to online learning, and Udemy, an online marketplace for coding courses.

Latest News

Gateway opens mortgage center in Keller

Gateway Mortgage Group, a division of Gateway First Bank, has opened a new mortgage center in Keller. The...

UMB Bank continues growth in DFW market

UMB Bank Market Share 2020 UMB ranks No. 1 for market share in its headquarters of Kansas City with 23%...

Commentary: Five Trends that could define our post-coronavirus lives

Richard Holt and Joan D’Amico As the Metroplex continues to grapple with the impact of COVID-19,...

IPOs include security firm with North Texas operations

Initial public offerings scheduled to debut next weekNEW YORK (AP) — The following is a list of initial public offerings planned for...

Encore Bank launches new business lines

Encore Bank Senior Executive Vice President & Chief Operations Officer Burt Hicks has announced the launch of two new lines of business,...