Southwest posts first quarterly loss in nine years, shores up cash to weather pandemic
Southwest Airlines Co on Tuesday posted a $94 million quarterly net loss, its first in nine years, and warned of drastic revenue drops ahead as...
U.S. goods trade deficit rises as auto exports tumble
The U.S. goods trade deficit widened in March amid a collapse in exports of motor vehicles and parts, but overall imports continued to decline likely...
Merck sees $2.1 billion hit to full-year sales from coronavirus pandemic
Merck & Co Inc warned of a $2.1 billion hit to its 2020 revenue on Tuesday as social distancing due to the COVID-19 pandemic is...
PepsiCo says snacks to ease, not cure its lockdown blues
PepsiCo Inc warned on Tuesday organic revenue and operating profits would suffer in the second quarter as major buyers of its sodas, such as restaurants,...
Harley-Davidson cuts dividend payout, suspends share buybacks
Harley-Davidson Inc cut its quarterly dividend to just 2 cents and suspended share buybacks on Tuesday to boost its cash reserves even as it reported...
Merck profit beats, coronavirus uncertainty weighs on forecast
Merck & Co Inc beat analysts’ estimates for quarterly profit on Tuesday on strong demand for its blockbuster cancer drug, Keytruda, but expects coronavirus-led lockdowns...
Millions of Americans locked out of unemployment system, survey finds
Millions of Americans who have been thrown out of work during the coronavirus pandemic have been unable to register for unemployment benefits since the U.S....
Remote work revenue could help Microsoft offset coronavirus impacts, analysts say
When Microsoft Corp reports earnings on Wednesday, analysts expect some areas of its business to take a hit from the novel coronavirus pandemic, with lower-than-expected...
Merck profit rises, cuts 2020 forecast over COVID-19 uncertainty
Merck & Co Inc on Tuesday posted a 10.4% rise in first-quarter profit, helped by strong sales of cancer therapy Keytruda, but the drugmaker lowered...
New York AG raises concerns about Amazon’s pandemic safety practices: source
Amazon.com Inc may have violated safety measures and labor practices amid the coronavirus pandemic as it fired a warehouse protest leader last month, New York...