VW’s Skoda braces for second-quarter hit after earnings drop
Czech carmaker Skoda Auto, part of the Volkswagen Group , reported a 25% drop in first-quarter operating profit on Monday, but said the biggest hit...
Wall Street drops at open as airlines slump, China spat flares up
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...
Tyson Foods says coronavirus will continue to limit U.S. meat supply
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...
Coronavirus puts brakes on sports car maker Ferrari
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...
U.S. airline shares tumble as Buffett stake riddance fuels investor worries
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...
Tyson faces safety costs, sales hit from coronavirus
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...
France rejects Amazon’s request for unemployment schemes at six sites
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...
Ferrari cuts FY guidance due to coronavirus, sees slight drop in core profit
Ferrari said on Monday it had cut its core profit estimates for the year to reflect the impact of the coronavirus crisis, expected to mainly...
‘Like watching a train wreck’: The coronavirus effect on North Dakota shale oilfields
Oil executive Bill Kent was with fellow managers in the Colorado board room of Resource Energy headquarters on April 20 when benchmark U.S. crude prices...
Tyson Foods expects sales volume to fall in second half of 2020
Tyson Foods Inc said on Monday it expects meat sales volume to fall in the second half of this year, as restaurants are being forced...