July 30, 2020 - 12:17 am
LONDON (AP) — Royal Dutch Shell said Thursday that its second-quarter earnings plunged 82% as the COVID-19 pandemic slashed energy prices and demand. Shell reported that adjusted profit, which excludes one-time items and changes in the value of inventories, dropped to $638 million from $3.46...
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FILE - In this April 10, 2019, file photo a Boeing 737 MAX 8 airplane being built for India-based Jet Airways lands following a test flight at Boeing Field in Seattle. Boeing says it lost $2.40 billion in the second quarter, and it's taking a more downbeat view about the airplane market because of the coronavirus outbreak. Boeing said Wednesday, July 29, 2020, it now expects the airline industry will take longer to recover from the pandemic, and that will limit aircraft sales. (AP Photo/Ted S. Warren, File)
July 29, 2020 - 10:44 am
Boeing lost $2.4 billion in the second quarter and the company will slow production and cut more jobs as demand for commercial aircraft shrinks during the coronavirus pandemic. The loss was far worse than Wall Street expected; so was the decline in revenue, which fell 25%. “The reality is the...
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FILE- In this April 23, 2018, file photo, the logo for General Motors appears above a trading post on the floor of the New York Stock Exchange. Even though General Motors was able to reopen its U.S. factories for the last half of the second quarter, the company still lost $806 million from April 2020 through June. The Detroit automaker had to close its plants from March 18 to May 18 due to the coronavirus, but production didn’t resume fast enough to hold off a net loss. (AP Photo/Richard Drew, File)
July 29, 2020 - 10:06 am
DETROIT (AP) — Even though General Motors was able to reopen its U.S. factories for the last half of the second quarter, the company still lost $806 million from April through June. The Detroit automaker closed its plants on March 18 and they remained idle for two months due to the coronavirus...
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Lights illuminate the buildings of the banking district in Frankfurt, Germany, early Wednesday, July 29, 2020. (AP Photo/Michael Probst)
July 29, 2020 - 2:47 am
FRANKFURT, Germany (AP) — Deutsche bank reported a small net profit of 61 million euros ($71 million) in the second quarter as cost-cutting and revenue growth outweighed increased loan losses due to the virus outbreak. The gain compared with a loss of 3.1 billion euros in the year-earlier quarter,...
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A woman wearing a face mask stands beneath a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, July 28, 2020. Shares advanced in Asia on Tuesday after U.S. stocks resumed their upward march on Wall Street, while the price of gold pushed to nearly $1,970 per ounce. (AP Photo/Vincent Yu)
July 28, 2020 - 10:53 am
Stocks are drifting lower on Wall Street Tuesday following a mixed set of earnings reports from big U.S. companies. Most stocks in the S&P 500 were falling in afternoon trading, but the overall index erased an early loss to drift 0.1% higher. Caution continued to hang over markets, sending...
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Connecticut Gov. Ned Lamont speaks at a press conference at Pfizer Groton on the companies research to develop a vaccine for COVID-19, Wednesday, July 22, 2020, in Groton, Conn. The federal government has agreed to pay nearly $2 billion for 100 million doses of a potential COVID-19 vaccine being developed by the U.S. drugmaker and its German partner BioNTech. (AP Photo/Stew Milne)
July 28, 2020 - 4:57 am
Fairless Hills, PA (AP) — Pfizer reported a 32% plunge in second-quarter profit, mainly due to the global coronavirus pandemic limiting marketing of and new prescriptions for its medicines. Pfizer had predicted in April that the virus would keep both patients and company sales representatives away...
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FILE - A McDonald's sign is displayed outside the fast food restaurant in Wheeling, Ill., Thursday, April 9, 2020. McDonald's says it will be requiring customers to wear face coverings when entering its U.S. restaurants as the number of new virus cases continue to surge in many states. The move, announced Friday, July 24, 2020 will be in effect on Aug. 1. (AP Photo/Nam Y. Huh)
July 28, 2020 - 4:15 am
Business did improve for McDonald’s throughout the second quarter as restrictions lifted across the globe, but the fast food giant faces a bumpy recovery. Of the chain's 39,000 restaurants worldwide, 96% are now open, compared with 75% at the start of the second quarter. Comparable-store sales that...
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FILE - In this Jan. 18, 2019, file photo, Mitsubishi Motors CEO Osamu Masuko speaks during a press conference at its headquarters in Tokyo. Mitsubishi Motors Corp. reported Monday, July 27, 2020, a 176 billion yen ($1.7 billion) loss for April-June, and forecast more red ink for the fiscal year, as the coronavirus pandemic slammed auto demand around the world. (AP Photo/Eugene Hoshiko)
July 27, 2020 - 2:07 am
TOKYO (AP) — Mitsubishi Motors Corp. reported Monday a 176 billion yen ($1.7 billion) loss for April-June, and forecast more red ink for the fiscal year, as the coronavirus pandemic slammed auto demand around the world. The Japanese automaker had posted a profit of 9.3 billion yen for the fiscal...
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FILE - This April 26, 2017, file photo shows the Twitter app icon on a mobile phone in Philadelphia. Twitter says an elected Dutch official was among 36 account holders whose direct message inboxes were accessed by hackers in a recent cyberattack. The politician, anti-Islam lawmaker Geert Wilders, said Thursday, July 23, 2020, he was informed by Twitter that his account was compromised by a hacker, who posted tweets on his account and sent false direct messages in his name. (AP Photo/Matt Rourke, File)
July 23, 2020 - 3:51 pm
LONDON (AP) — The global pandemic and U.S. protests are forcing a pullback by advertisers on Twitter, but it's also led to an unprecedented surge of users. Average daily user growth spiked 34% in the second quarter, the company said Thursday, the largest jump in users ever recorded by the company...
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ARCHIVO – En esta fotografía de archivo del 25 de marzo de 2020, varios jets de American Airlines permanecen inmóviles en una terminal del Aeropuerto Internacional Sky Harbor, en Phoenix. (AP Foto/Matt York, archivo)
July 23, 2020 - 5:16 am
DALLAS (AP) — Major airlines reported huge second-quarter losses Thursday and warned that the recovery in air travel seen in April has stalled as coronavirus cases surge in the U.S. American posted a loss of more than $2 billion, and Southwest lost $915 million. That pushed the combined loss of the...
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