Year: 2020

Finnish telecom network equipment maker Nokia reported an unexpected rise in its first-quarter underlying profit on Friday despite the COVID-19 crisis, while its new Chief Executive Officer Pekka Lundmark takes over this weekend. Lagging behind its rivals China’s Huawei and Sweden’s Ericsson in 5G network sales, Nokia said its April-June underlying earnings rose to 0.06 euros per share from a profit of 0.05 euros a year ago, beating the 0.03 euros consensus in a Refinitiv poll. Nokia, which had warned of a weak second quarter due to the virus, upgraded its forecast for 2020 underlying earnings …read more […]

Apple Inc. (NASDAQ: AAPL) Chief Financial Officer Luca Maestri signaled at the company’s earnings call Thursday that this year’s iPhone models, which are said to be 5G capable, might be delayed, CNBC reported.What Happened The Tim Cook-led company may not launch the next generation of iPhones in September, although, it isn’t known whether all, or only some, models of the iPhone 12 series are delayed.”As you know, the last year we started selling new iPhones in late September. This year, we project supply to be available a few weeks later,” Maestri said.Qualcomm, Inc (NASDAQ: QCOM) had earlier this week hinted …read more […]

(Bloomberg) — Apple Inc. pulled off a strong quarter in China by switching up retail tactics and pushing a cheaper iPhone, becoming one of the few U.S. tech giants to ride the country’s post-pandemic recovery despite Washington-Beijing tensions.IPhone shipments there surged a surprising 35% in the April to June period, research firm Canalys estimates, driving a 2% rise in Greater China revenue to $9.3 billion. Chief Executive Officer Tim Cook said sales actually grew 6% on a constant-currency basis, propelled by demand for Macs and iPads from millions now accustomed to working from home. Its out-performance in Greater China — …read more […]

Gilead said it expects total 2020 sales of $23 billion to $25 billion, up from its previous range of $21.8 billion to $22.2 billion. “We think this implies up to $1 billion to $3 billion of remdesivir, … a positive that was not expected at the start of the year,” said Jefferies analyst Michael Yee. Gilead’s second-quarter sales fell nearly 10% from a year earlier to $5.1 billion, short of the average analyst estimate of $5.3 billion, according to Refinitiv. …read more […]

Ford’s comments came as the company posted a quarterly profit thanks to an investment by Volkswagen AG in its self-driving Argo AI unit, more than offsetting a loss caused by a coronavirus-induced production shutdown. The better-than-expected results and earnings outlook sent Ford’s shares up 2.5% in after-market trading. Ford said it expects a pre-tax profit of between $500 million and $1.5 billion for the third quarter and a loss for the fourth quarter, which features three significant product launches delayed by the shutdown earlier this year. …read more […]

United Airlines said on Thursday it has decided to drop its contract with ExpressJet, and consolidate all of its outsourced flying on 50-seat planes with regional rival CommutAir. The decision could be a fatal blow to ExpressJet, which will begin to wind down its operations, according to a memo from Chief Executive Subodh Karnik to employees seen by Reuters. Reuters reported United’s choice between the two carriers on Monday, after it saw a union letter to ExpressJet pilots warning that the choice could have a “dramatic impact” on the future of ExpressJet. …read more […]

OAKLAND, Calif./BENGALURU (Reuters) – Google’s ad sales have recovered since plummeting in March during the coronavirus pandemic, parent Alphabet Inc said on Thursday, easing concerns about its first quarterly sales slide in its 16 years as a public company. Alphabet shares were barely changed at $1,552, above their pre-pandemic high, after it said revenue fell 2% in the second quarter, less than analysts’ estimate of a 4% decline. Alphabet, whose ad sales account for about 78% of its revenue, has struggled during past economic slowdowns, as marketing is often the first budget item to get slashed. …read more […]

Shares of Amazon, the world’s largest online retailer, rose 5% in after-hours trade. While rival brick-and-mortar retailers have had to shut stores during government-imposed lockdowns, Amazon hired 175,000 people in recent months and saw demand for its services soar. Amazon had forecast it might lose money in the just-ended second quarter because it expected to spend some $4 billion on protective equipment for staff and other expenses related to COVID-19. …read more […]

Posted by OFX AUD – Australian Dollar The Australian dollar offered little to excite investors through trade on Thursday, again failing to break above resistance at 0.72 US cents. Risk assets came under pressure overnight as oil prices dipped and President Trump suggested a delay to the Presidential Election in November. Trump’s … Continue reading “Australian dollar poised to break 0.72 US cents”The post Australian dollar poised to break 0.72 US cents appeared first on . …read more […]

(Bloomberg) — Amazon.com Inc. justified its big investments to keep operating through the Covid-19 pandemic with sales growth and a record profit that far exceeded analysts’ estimates, showing that staying open when so many businesses were forced to close was a rare opportunity.The online retail giant spent more than $4 billion in the second quarter to clean warehouses, hire employees and entice them back to work with temporary pay raises while much of the country shut down. That push paid off as customers shifted from buying groceries and emergency supplies early in the pandemic to bigger orders with electronics and …read more […]

VANCOUVER, BC, July 30, 2020 /CNW/ – ImagineAR (CSE: IP) (OTCQB: IPNFF) an Augmented Reality Company that enables sports teams, brands and businesses to instantly create their own mobile phone AR campaigns, is pleased to announce that Mike Anderson has joined the Company as an Advisor to the CEO for the purposes of launching ImagineAR platform sales in the UK and Europe. Mr. Anderson is the former managing director of the The Sun and News of the World publications, and founder of the mobile app UK development company -The Chelsea Apps factory. ImagineAR believes Mr. Anderson will significantly …read more […]

In case you didn’t notice, on July 27, Eastman Kodak (NYSE: KODK) was trading at $2.50, and it rose to more than $50 yesterday. That type of move doesn’t come by very often. But if you’ve been a War Room member since March, you would have seen this message…

Then in May, you would have seen this…

Rivers made at least four times his money on that play!
“KODK Aug 21 ’20 $7.50 Call; in yesterday at $2.35. out at $11.50… +388%… thx war room.” – Rivers 7/29/2020 at 9:50 a.m.
Look at this chart – it’s parabolic!

Kodak was loaned $765 million by the …read more […]

…read more […]

…read more […]

By CorpGov Editorial Staff The COVID-19 pandemic is both a health and economic crisis for countries around the world. Communities are experiencing loss of lives, businesses, and lifestyles, challenging biopharmaceutical companies to urgently develop therapeutics and vaccines that address this crisis while remaining profitable. Companies are employing diverse strategies to cope with the economic challenges […] …read more […]