Category: Business Consultant

Lessons From a Quarter We’d Like to Forget

(Bloomberg Opinion) — With first-quarter earnings mostly in the books, investors have now gotten their first detailed glimpse of how the coronavirus pandemic has affected profits in corporate America. To no one’s surprise, the results as a whole weren’t good: Earnings fell about 14% from a year earlier for members of the S&P 500 Index, according to DataTrek Research. 

Wall Street analysts expect things to get worse before they get better, with earnings forecast to plunge about 41% in the second quarter, decline 24% in the third quarter and drop 11% in the final three months of the year. Add

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Northwestern Announces $90 Million Shortfall, Furloughs 250 Staff

EVANSTON, IL — Northwestern University officials project a $90 million budget shortfall for the current fiscal year as a result of the coronavirus pandemic. University leaders announced Monday they would personally take pay cuts, furlough 250 workers and start withdrawing more money from the university’s endowment.

“Even if we resume on-campus activity in the fall, as we hope to do by phases, we are likely to see a significant shortfall in the 2021 fiscal year as well, perhaps as great as or greater than what we are experiencing this year,” President Morton Schapiro, Interim Provost Kathleen Hagerty and Senior Vice

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‘Ghostbusters’ Theme Song Performer Ray Parker Jr. Launches Power Chord Films

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Grammy-winning artist Ray Parker Jr., famously known for performing the theme song to the 1984 Ghostbusters film, has teamed with global financier Ola Strøm and documentary filmmaker Fran Strine to form Power Chord Films, a production company dedicated to telling the unknown stories behind legendary music artists.

Power Chord aims to develop, finance, and produce projects at various budget ranges with a mandate to serve as a top-tier supplier of mainstream projects for both studios and major streamers.

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The first film under the new venture will be Strine’s documentary, Who

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Trump to consider lifting some coronavirus restrictions after 15-day period ends, Kudlow says

President Trump’s chief economic adviser Larry Kudlow said Tuesday the White House is planning to re-examine some of the restrictions that were put in place to contain the spread of the coronavirus as the U.S. enters its second week of minimal economic activity.

“There’s no question we have to think seriously. I would say, after the 15-day period is over, which I guess ends after this weekend, we will take another look at targeting areas that are safe enough,” Kudlow told FOX Business’ Stuart Varney.

As American life essentially comes to a standstill, the economy has been beset by plummeting

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Pay cuts for top officials might not be enough as UM faces crisis, considers layoffs

The University of Miami stands to lose “hundreds of millions of dollars over the coming year” due to the financial havoc wreaked by the novel coronavirus, according to an email sent this week by President Julio Frenk to the Canes community.

“COVID-19 has taken many thousands of lives, hundreds right here in our community,” he said. “Compounding that loss, we are facing a significant economic disruption.”

To help offset the projected losses of closing campus this spring and summer and possibly the fall, Frenk said his administration will expand budget cuts announced earlier this month and implement new measures, including

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