U.S. stocks opened lower on Monday following growing U.S.-China tensions about the origins of the coronavirus outbreak, while billionaire Warren Buffett’s admission he had dumped his airline shares crushed major U.S. carriers.
Tyson Foods Inc expects to continue idling meat plants and slowing production because of the new coronavirus, the company said on Monday, signaling more disruptions to the U.S. food supply.
Shares in Avis Budget Group (CAR) dropped 7% in pre-market U.S. trading after the rental car company announced plans to raise $400 million in debt in a private offering.The stock plunged 7% to $12.94 in pre-market U.S. trading on Monday.Avis Budget Group said its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., will offer $400 million in aggregate principal amount of senior secured notes due 2025 in a private sale.The notes will be guaranteed by Avis Budget Group and certain of its U.S. subsidiaries, the company said. It intends to use the net proceeds from the …read more […]
U.S. stocks were set to fall on Monday as a U.S.-Chinese spat about the origins of the coronavirus outbreak worsened while billionaire Warren Buffett’s admission he had dumped his airline shares crushed major U.S. carriers.
Operating profit at Czech carmaker Skoda Auto, part of the Volkswagen Group , fell 25% in the first quarter to 307 million euros as the new coronavirus outbreak started to bite, the company said on Monday.
Luxury sports car maker Ferrari cut its 2020 core profit forecast on Monday due to disruption caused by the coronavirus pandemic, which it said would mainly hit second quarter results.
A tough choice has become even more complicated amid the coronavirus crisis. …read more […]
Market forces rained on the parade of ONEOK, Inc. (NYSE:OKE) shareholders today, when the analysts downgraded their… …read more […]
Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett’s Berkshire Hathaway said it offloaded its entire stake in the carriers last month, adding to the sense of crisis around the industry.
The French government has rejected Amazon ‘s request to tap a state partial unemployment scheme for employees at its six warehouses in the country, a spokeswoman for the labour ministry said on Monday.
Tyson Foods Inc said on Monday it would temporarily close plants as needed in the battle with the coronavirus outbreak and expects meat sales to fall in the second half of this year as shutdowns hammer restaurants and other food outlets.
Celebrations may be in order for Matador Resources Company (NYSE:MTDR) shareholders, with the analysts delivering a… …read more […]
Oil prices fell on Monday on worries that a global oil glut may persist even as coronavirus pandemic lockdowns start to ease and amid a fresh spat between the United States and China over the origin of the virus.
(Bloomberg) — Tyson Foods Inc. shares fell after the top U.S. meat supplier said unprecedented disruptions are reducing its output and pushing up costs, with the outlook so murky it couldn’t offer financial guidance for the year.U.S. plant shutdowns and slowdowns in the past month are set to continue, resulting in higher operating costs and lower volume for the rest of fiscal 2020, Tyson said in a statement on second-quarter earnings, which missed estimates. While the pandemic has meant higher retail sales volume, that hasn’t been enough to offset food-service losses. “Due to the uncertainty of the COVID-19 impacts to …read more […]
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