Financial performance

A worker disinfects the roof terrace of the Atlantic hotel, in Rome, Wednesday, April 29, 2020. After seven weeks in lockdown to contain one of the world’s worst outbreaks of COVID-19, Italians are regaining some freedoms, starting on May 4, public parks and gardens will re-open and people will be able to visit relatives who live in the same region. (AP Photo/Andrew Medichini)
April 29, 2020 - 11:19 am
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the global economy, the work place and the spread of the virus. ________________________ CENTRAL GOVERNMENTS & BANKS: Countries are slowly trying to...
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FILE - In this April 20, 2020 file photo, Lufthansa airline, Boeing 747 aircrafts are parked at the airport in Frankfurt, Germany. Boeing says it will cut about 10% of its work force and slow production of planes as it deals with the ongoing grounding of its best-selling plane and the coronavirus pandemic. With air travel falling sharply because of the virus, airlines have delayed orders and deliveries of new planes, reducing Boeing’s revenue. (AP Photo/Michael Probst, File)
April 29, 2020 - 7:16 am
Boeing is cutting about 10% of its work force and slowing production of planes to deal with a downturn in business that started with the grounding of its best-selling jet and has accelerated because of the coronavirus pandemic. Boeing Co. said Wednesday it has started to shrink through attrition,...
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FILE - In this June 18 2015 file photo, vapor forms across the wings of an Airbus A380 as it performs a demonstration flight at the Paris Air Show, Le Bourget airport, north of Paris. The France-based planemaker Airbus releases quarterly earnings early Wednesday April 29, 2020, at a time of unprecedented upheaval in the aviation industry caused by the spreading the coronavirus and travel lockdowns. (AP Photo/Francois Mori, File)
April 29, 2020 - 2:57 am
PARIS (AP) — Airbus says the aviation industry's unprecedented troubles are just beginning. The European manufacturing giant reported 481 million euros ($515 million) in losses in the first quarter, put thousands of workers on furlough and sought billions in loans to survive the coronavirus crisis...
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FILE - In this Wednesday, Aug. 1, 2018, file photo a logo of the car manufacturer Volkswagen is pictured on top of a company building in Wolfsburg, Germany. (AP Photo/Michael Sohn, file)
April 29, 2020 - 1:32 am
FRANKFURT, Germany (AP) — Automaker Volkswagen saw car sales and operating profit plunge in the first quarter as the coronavirus outbreak closed dealerships and halted production. Global sales fell 23% to 2.0 million vehicles in the first three months of the year, from 2.6 million in the year-...
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In this Tuesday, April 28, 2020 photo, a man passes by an advertisement of Samsung Electronics' Galaxy S20 Ultra and Galaxy Z Flip smartphone at its shop in Seoul, South Korea. Samsung Electronics Co. said Wednesday, April 29, its operating profit for the first three months of 2020 rose 3.4% from a year earlier driven by increasing demands for computer chips. However, the company predicted its profit would decline in the current quarter with the coronavirus pandemic eating into global sales of smartphones, TVs and other products. (AP Photo/Ahn Young-joon)
April 28, 2020 - 9:04 pm
SEOUL, South Korea (AP) — Samsung Electronics Co. said Wednesday its operating profit for the first three months of 2020 rose 3.4% from a year earlier driven by increasing demands for computer chips. However, the company predicted its profit would decline in the current quarter with the coronavirus...
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FILE - In this April 1, 2020, file photo, several dozen mothballed Delta Air Lines jets are parked at Kansas City International Airport in Kansas City, Mo. Investors are now getting their first look at companies navigating the coronavirus pandemic. A clearer snapshot of the business landscape should start to formulate by keeping an eye on the busiest week of the earnings season as many companies are reporting earnings on Tuesday, April 28. (AP Photo/Charlie Riedel, File)
April 28, 2020 - 4:49 pm
The most active week of the earnings season is on and the rush of quarterly reports Tuesday, 39 in all, captured the maneuvering of companies from almost every sector as they feel their way through an unprecedented economic shockwave. Companies are being affected in different ways but if there's a...
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FILE - This Thursday, March 19, 2020 file photo shows a closed Starbucks coffee shop in the Brooklyn borough of New York, during the COVID-19 coronavirus outbreak. On Tuesday, April 28, 2020, the company said that its global sales plunged in the first three months of the year as coronavirus-related shutdowns crippled its global operations. (AP Photo/Mark Lennihan)
April 28, 2020 - 3:52 pm
Starbucks said Tuesday that its global sales tumbled in the first three months of the year as coronavirus-related shutdowns gripped its operations. The Seattle-based coffee giant said conditions will likely worsen in the current quarter before moderating later this summer, and its recovery will...
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FILE- In this Feb. 14, 2018, file photo the logo for Alphabet appears on a screen at the Nasdaq MarketSite in New York. Google parent Alphabet report their latest results Tuesday, April 28, 2020 after the closing bell. (AP Photo/Richard Drew, File)
April 28, 2020 - 3:34 pm
BERKELEY, Calif. (AP) — Google reported its weakest revenue growth in nearly five years as the pandemic-driven recession began to shrivel its advertising sales in the first quarter. The January-March earnings for Google parent Alphabet offer a first look at how the digital ad market has fared amid...
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April 28, 2020 - 2:04 pm
DETROIT (AP) — Ford Motor Co. posted a $2 billion first-quarter net loss, blaming nearly all of it on the negative effects of the coronavirus. The automaker said Tuesday that its revenue from January through March fell nearly 15% to $34.3 billion as most of its factories were shut down for the...
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Southwest Airlines airplanes sit parked Tuesday, April 7, 2020, at Paine Field airport in Everett, Wash. A steep decline in travel due to the outbreak of the coronavirus has pushed airlines to cancel flights, run fewer planes and seek government aid. (AP Photo/Ted S. Warren)
April 28, 2020 - 6:04 am
DALLAS (AP) — Southwest Airlines posted its first quarterly loss in nearly a decade and said Tuesday that the downturn in air travel that began in late February shows no signs of letting up. The airline said trip cancellations have pulled back from a peak in March but remain at levels that...
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