KFC operator Yum’s same-store sales, profit as lockdowns bite
Yum Brands Inc reported a 7% fall in quarterly comparable store sales on Wednesday, as many restaurants across its brands were closed or limited to...
AirAsia to halt Airbus deliveries and review orders
AirAsia Group , one of Europe’s top five corporate export customers, will stop taking deliveries of Airbus jets this year and review its remaining orders...
Futures jump after Gilead’s COVID-19 drug meets main goal
U.S. stock index futures jumped on Wednesday after Gilead Sciences said its experimental antiviral drug met the main goal of a trial testing it in...
Coronavirus hammered U.S. economy in first quarter
The U.S. economy contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the...
Anthem profit beats on IngenioRx strength; backs 2020 earnings forecast
Anthem Inc beat quarterly estimates for revenue on Wednesday, helped by the launch of pharmacy benefits business IngenioRx and as more people opted for its...
Futures rise on Alphabet, Boeing earnings ahead of GDP data
U.S. stock index futures rose on Wednesday, bolstered by solid earnings reports from Google-parent Alphabet and Boeing that provided some optimism as the country moved...
Next shores up finances as sales crash in British lockdown
Next said it had sold property, suspended share buybacks and dividends and delivered higher cost savings to shore up its finances and get the British...
Boeing posts second straight quarter of loss, to further cut 787 production
Boeing Co reported a loss for the second straight quarter and said on Wednesday it would further reduce production of 787 Dreamliner to seven jets...
VW, Daimler urge Germany to boost car demand as profits plunge
VW and Daimler on Wednesday urged the German government to help boost demand for cars as the coronavirus pandemic hammered first-quarter profits and forced both...
U.S. insurers want taxpayers to back pandemic coverage for businesses
The U.S. insurance industry is promoting the idea of an insurance plan backed by the federal government that would help businesses that in the future...