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COVID-19 took another bite out of Walgreens Boots Alliance quarterly numbers but this time left behind better-than-expected earnings.

The drugstore chain said Thursday that it made $373 million in the final quarter of fiscal 2020 after losing $1.7 billion the previous quarter, when millions of shoppers stayed home to avoid the rapidly spreading pandemic.

COVID-19 still hurt. The company estimated that the pandemic's impact shaved about $520 million from its operating income in the most recent quarter. But Walgreens also grew sales and prescriptions in the United States and saw some improvement in the United Kingdom. Walgreens Boots Alliance Inc. runs more than 9,000 stores in the United States and several thousand locations internationally.

 

 

A German utility company says it has shut down the pipes supplying Tesla with water for the construction of a factory near Berlin because the automaker hasn't paid its bills.

A spokeswoman for the company WSE said Thursday that Tesla was given repeated warnings its water supply would be turned off.

"The 14-day notice period has expired," Sandra Ponesky told The Associated Press. "We can't treat Tesla any differently than other customers."

Tesla is building it first European factory outside the German capital and aims to eventually build 500,000 electric vehicles there.

Tesla didn't immediately respond to a request for comment.

Ponesky said that as soon as the company pays its bills, a worker would be sent out to turn the tap back on again. She declined to say how much Tesla owes.

 

 

New Jersey's fast-growing sports betting market blew past its own national record in September, taking in more than $748 million in bets from sports gamblers finally able to wager on football amid the coronavirus outbreak.

Figures released Thursday from the New Jersey Division of Gaming Enforcement show Atlantic City's nine casinos and the three horse racing tracks that offer sports betting handled over $748 million in bets, easily surpassing the national monthly record they set just a month earlier, when $668 million was wagered on sports in August.

Both figures easily eclipsed what had been the U.S. record of $614 million set in Nevada in Nov. 2019.

The Borgata won $64 million in September, down 2.8% from a year earlier. Golden Nugget won $37.5 million, up 16.3%; Hard Rock won $35.8 million, up 12.5%, and the Ocean Casino Resort won $29.5 million, up nearly 22%.

The Tropicana won $26.1 million, down nearly 10%; Harrah's won $19.5 million, down 26.6%, and Caesars won $18.9%, down 1.8%.

Internet gambling revenue was $87.6 million in September, up 113% from the $41.1 million it produced in September 2019.

 

 

U.S. long-term mortgage rates fell this week as the key 30-year loan reached a new all-time low for the tenth time this year.

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