Twitter Inc on Thursday said that its ads sales had slightly rebounded in Asia after a plunge due to the coronavirus outbreak and that it had accelerated work on tools to attract key advertisers, becoming the latest tech company to report a lighter blow from the pandemic than forecast.
McDonald’s Corp reported a 16.7% slide in quarterly profit on Thursday as most of its restaurants across the globe limited their services to deliveries and take-aways to halt the spread of the coronavirus pandemic.
Dan Digre, head of MISCO Speakers, was on edge before the coronavirus outbreak hit the global economy. Payment of hundreds of thousands of dollars in Chinese tariffs had wiped out the profit and dwindled the cash balance of the Minnesota-based loudspeaker maker.
McDonald’s reported revenue and earnings that contracted in the first quarter compared to last year amid the COVID-19 pandemic. …read more […]
Rivals UnitedHealth Group Inc , Anthem Inc and Humana Inc also reaffirmed their profit estimates for 2020, even as they warned of higher costs from resumption in elective surgeries deferred due to the COVID-19 pandemic. While health insurers benefit from the deferred health care in the first half of the year, the gains could be short lived, depending on how quickly the virus outbreak subsides and the healthcare business returns to something close to normal, according to a Reuters analysis. Cigna said it continues to expect 2020 adjusted income from operations to be between $18 and …read more […]
A Note From Andy: Today’s essay is something special. I recently wrote the words below for the latest edition of my monthly financial newsletter, Manward Letter. Several folks asked me to share it with the readers of this column. It’s an interesting tale, with an important message. It could keep you out of trouble… or from embarrassing yourself in front of a fighter pilot.
Fear makes us do dumb things.
That’s why I chuckled when I heard the news that a 64-year-old Frenchman accidentally shot himself out of a fighter jet recently.
It’s a good tale. It ties directly to what I wrote …read more […]
Shareholder support for Credit Suisse Chairman Urs Rohner dropped to its lowest level ever on Thursday, as Rohner told the Swiss bank’s annual meeting that its search for his successor was well under way.
Lufthansa and unions representing much of its staff told the German government that their joint top priorities were to maintain the airline’s competitiveness after the coronavirus crisis and preserve as many jobs as possible.
Top news and what to watch in the markets on Thursday, April 30, 2020. …read more […]
Facebook Inc will allow users in the United States and Canada to transfer photos and videos to a rival tech platform for the first time – a step that could assuage antitrust concerns by giving users an option to easily leave the company’s services, the social media network said on Thursday.
Nokia Oyj eked out a small profit in the first quarter, backed by demand for its new high-margin 5G telecoms equipment, and predicted a strong second half of the year, sending its shares higher.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
