Financial performance

FILE - In this file photo dated Wednesday, Dec. 25, 2019, New Orleans Pelicans forward Derrick Favors wears Christmas-themed Adidas Pro Model Superstars shoes in the first half of an NBA basketball game Wednesday, Dec. 25, 2019, in Denver, USA. Sports apparel and shoe company Adidas said Tuesday April 14, 2020, it has been approved by the German government for a 3 billion-euro ( US dollars 3.3 billion) emergency loan to help the company get through a period of lost business due to the COVID-19 coronavirus outbreak. (AP Photo/David Zalubowski, FILE)
April 27, 2020 - 5:59 am
FRANKFURT, Germany (AP) — Sports apparel and shoe company Adidas saw its earnings fall sharply in the first quarter as the virus outbreak closed 70% of its global store base. Net profit from continuing operations fell 97% to only 20 million euros from 631 million euros in the same period a year ago...
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The buildings of the banking district are reflected in the river Main in Frankfurt, Germany, Saturday, April 25, 2020. Due to the coronavirus the economy worldwide expects heavy losses. (AP Photo/Michael Probst)
April 27, 2020 - 5:17 am
FRANKFURT, Germany (AP) — Deutsche Bank has reported that its net income fell to 66 million euros ($72 million) in the first quarter as the pandemic hurt its business. The bank said it was letting its financial buffers fall so it can maintain lending to clients but said the easing was temporary and...
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April 26, 2020 - 10:44 pm
BANGKOK (AP) — Contract driller Diamond Offshore has filed for bankruptcy with debts of $2.6 billion, as the energy industry is hammered by crashing oil prices. Court documents seen Monday show Houston-based Diamond Offshore Drilling Inc. filed the petition in Houston on Sunday, citing the downturn...
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FILE - In this April 2, 2020 file photo, "For Sale By Owner" and "Closed Due to Virus" signs are displayed in the window of a store in Grosse Pointe Woods, Mich. Business filings under Chapter 11 of the federal bankruptcy law rose sharply in March, and attorneys who work with struggling companies are seeing signs that more owners are contemplating the possibility of bankruptcy. Government aid my simply be too little too late. (AP Photo/Paul Sancya, File)
AP News
April 26, 2020 - 9:24 am
NEW YORK (AP) — The billions of dollars in coronavirus relief targeted at small businesses may not prevent many of them from ending up in bankruptcy court. Business filings under Chapter 11 of the federal bankruptcy law rose sharply in March, and attorneys who work with struggling companies are...
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Volkswagen cars stand at a parking area during the production restart of the plant of the German manufacturer Volkswagen AG (VW) in Zwickau, Germany, Thursday, April 23, 2020. Volkswagen starts with step-by-step resumption of production. The car company are completely converting the plant in Zwickau from 100 percent combustion engine to 100 percent electric. (AP Photo/Jens Meyer)
April 23, 2020 - 12:39 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the global economy, the work place and the spread of the virus. ________________________ ALTERED STATE OF RETAIL: Retail stores are largely closed across...
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Passenger jets from Delta Airlines lined up for storage at Pinal Airpark in Pinal County, north of Tucson, Ariz., on March 16, 2020. (Rebecca Sasnett/Arizona Daily Star)
April 22, 2020 - 5:42 am
Delta Air Lines, the biggest and most profitable U.S. airline, lost $534 million in the first quarter, a setback that will appear trivial when the full force of the pandemic is revealed in the current quarter. Delta warned Wednesday that revenue during the April-through-June quarter, typically a...
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In this Tuesday, March 24, 2020, photo released by China's Xinhua News Agency, a worker wearing a face mask drives a forklift at a Swire Coca-Cola Beverages Hubei Limited plant in Wuhan in central China's Hubei Province. According to Chinese state media, the plant restarted some production lines on Monday. While many migrant workers across China remain trapped by travel bans due to the coronavirus, some industrial production has returned to action, including in the crucial auto manufacturing industry, which is largely based in Wuhan, and in businesses that provide critical links in global supply chains. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (Xiao Yijiu/Xinhua via AP)
April 21, 2020 - 7:35 am
Coca-Cola's global volume tumbled 25% in April as the coronavirus pandemic gripped large swaths of the world population. Those volumes made up of bottled drinks and the syrups Coke sells to theaters, restaurants, stadiums and music venues were humming early in the year, revealing how fast the virus...
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FILE - In this Feb. 18, 2020, file photo, a Pacific Gas & Electric truck is parked in San Francisco. California regulators are being advised to approve PG&E's plan for getting out of bankruptcy with new controls designed to prevent a recurrence of the utility's past bad behavior that has resulted in deadly wildfires, infuriating blackouts and high electricity rates. If approved, a proposed decision issued Monday, April 20, 2020, by Administrative Law Judge Peter Allen will enable PG&E to clear another key hurdle in its frantic race to end one of the most complex bankruptcy cases in U.S. history by June 30. (AP Photo/Jeff Chiu, File)
April 20, 2020 - 5:33 pm
BERKELEY, Calif. (AP) — California regulators are being advised to approve Pacific Gas & Electric's plan to emerge from bankruptcy with new controls designed to prevent a recurrence of the utility's past bad behavior that has resulted in deadly wildfires, infuriating blackouts and high...
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FILE - This Tuesday, July 2, 2019 file photo shows Eagle Butte mine in in Gillette, Wyo., following the closure of the Blackjewel mines.The coal industry was already hurting before the coronavirus. The pandemic has made things a lot worse. Production is down along with electricity demand, with office and school lights off across the nation. (Josh Galemore/The Casper Star-Tribune via AP, File)
April 19, 2020 - 8:54 am
CHEYENNE, Wyo. (AP) — Travis Deti has been working the phones to try to get government support for the U.S. coal industry during the coronavirus pandemic. Between recent calls, the head of the Wyoming Mining Association tried to unclog a sink at home. But unlike Deti’s sink, which eventually...
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FILE - This Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth Group reports financial results Wednesday, Jan. 15, 2020. (AP Photo/Jim Mone, File)
April 15, 2020 - 9:06 am
UnitedHealth Group is sticking with its 2020 profit forecast for now, as the health insurance giant sifts through all the ways the coronavirus pandemic may alter its business. Company shares jumped Wednesday on another rough day for the broader market, after UnitedHealth also announced first-...
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