LOS ANGELES (Reuters) – Shares of FedEx Corp (FDX.N) jumped 8.5% in extended trading on Tuesday after a surge in pandemic-fueled home deliveries helped the U.S. package carrier post better-than-expected […]
Kroger says demand easing after coronavirus stockpiling
(Reuters) – U.S. supermarket chain Kroger Co (KR.N) stopped short of raising its annual forecasts on Thursday, saying a coronavirus-driven surge in demand for essential goods was fading as American […]
Nissan sets out survival plan after first loss in 11 years
TOKYO (Reuters) – Nissan Motor Co unveiled a plan to become a smaller, more cost-efficient automaker on Thursday as it looks to recover from four years of tumbling profits that […]
Lowe's sales surge as lockdowns spur home improvement spending
(Reuters) – Lowe’s Cos Inc (LOW.N) reported its biggest rise in quarterly same-store sales in at least 15 years on Wednesday, as people spent more on tools and paint for […]
Merck KGaA says profit could slip as fertility treatments shunned
FRANKFURT (Reuters) – Merck KGaA (MRCG.DE) said a slight decline in operating earnings was on the cards this year as the coronavirus pandemic weighs on demand for chemicals in TV […]
Under Armour warns 2nd quarter revenue could more than halve, shares tank
(Reuters) – Under Armour Inc (UA.N) (UAA.N) forecast on Monday a 50% to 60% drop in second-quarter revenue as most of its stores remained closed because of the COVID-19 pandemic, […]
Gilead to work with partners to ramp up production of potential coronavirus treatment
(Reuters) – Gilead Sciences Inc (GILD.O), maker of the experimental coronavirus drug remdesivir, on Thursday said it will work with international partners to expand production of the potential COVID-19 treatment. […]
Delta warns of choppy coronavirus recovery, working to halve cash burn
(Reuters) – Delta Air Lines Inc (DAL.N) said on Wednesday it does not expect air travel to recover for two or three years and is working to halve its cash […]
Goldman Sachs profit halves on higher loan loss provisions, investment hit
(Reuters) – Goldman Sachs Group Inc (GS.N) reported a 49% drop in quarterly profit on Wednesday, as it set aside significantly higher provisions related to corporate loans due to the […]