April 29, 2020

Airbus first-quarter core profit plunges 49% as coronavirus crisis starts to bite

Planemaker Airbus on Wednesday posted a 49% slump in first-quarter adjusted operating profit to 281 million euros ($304.7 million) as revenue dropped 15% to 10.631 billion […]
April 29, 2020

Samsung warns of second-quarter profit fall as coronavirus hits sales of phones, TVs

Samsung Electronics Co Ltd said on Wednesday it expected profit to decline in the current quarter due to a coronavirus-related slump in sales of smartphones and […]
April 29, 2020

Coronavirus likely hammered U.S. economy in first quarter

The U.S. economy likely contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the […]
April 29, 2020

Much of U.S. economy still plugging along despite coronavirus pain

Garbage haulers still collect trash. Cops are on the beat. Couriers deliver food and packages. Insurance agents work from home. Powered by WPeMatico
April 29, 2020

Fed likely to renew vow to use all tools to brace economy

The Federal Reserve, which has pumped trillions in emergency funding into U.S. financial markets to stem the damage from the coronavirus pandemic, is expected on Wednesday […]
April 29, 2020

Exclusive: Boeing eyes major bond issue to raise funds – sources

Boeing Co is working with investment banks on a multibillion-dollar bond-fueled financing package, aiming to shore up its balance sheet amid a sharp travel downturn from […]
April 29, 2020

Toilet paper trophy hunters on a roll as U.S. shortages start easing

U.S. consumers have begun spotting rare Quilted Northern and Charmin toilet paper rolls on store shelves across the United States, as stocks start building after weeks […]
April 29, 2020

Samsung Elec expects second-quarter profit fall as virus hits sales of smartphones, TVs

Samsung Electronics Co Ltd said on Wednesday it expected profit to decline in the current quarter due to a coronavirus-related slump in sales of smartphones and […]
April 29, 2020

Asia shares cautious ahead of Fed, corporate earnings

Asian shares were cautiously higher on Wednesday as investors paused ahead of the U.S. Federal Reserve’s policy decision while oil prices jumped on hopes demand will […]
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