WPP says COVID-19 dragged March net sales down 7.9%, braces for bigger impact
WPP , the world’s biggest advertising company, said net sales fell 3.3% in the first quarter, with the impact of the COVID-19 pandemic dragging it...
Novartis wins expanded European OK for Cosentyx amid pursuit of $5 billion sales
Novartis on Wednesday won a new European approval for its inflammation drug Cosentyx in a form of arthritis, as the Swiss drugmaker predicts broadening use...
Daimler sees profits at Mercedes-Benz Cars rising in 2020
Daimler said it expected the operating profit of its Mercedes-Benz Cars & Vans division to be above the prior-year level, even as the corona pandemic...
VW says expects to be profitable in 2020 as first-quarter earnings drop
Volkswagen on Wednesday said it expected to be profitable on a full-year basis even as the coronavirus pandemic caused first-quarter earnings to plunge....
Airbus first-quarter core profit plunges 49% as coronavirus crisis starts to bite
Planemaker Airbus on Wednesday posted a 49% slump in first-quarter adjusted operating profit to 281 million euros ($304.7 million) as revenue dropped 15% to 10.631...
Much of U.S. economy still plugging along despite coronavirus pain
Garbage haulers still collect trash. Cops are on the beat. Couriers deliver food and packages. Insurance agents work from home....
Fed likely to renew vow to use all tools to brace economy
The Federal Reserve, which has pumped trillions in emergency funding into U.S. financial markets to stem the damage from the coronavirus pandemic, is expected on...
Airbus first-quarter core operating profit tumbles 49%
Planemaker Airbus posted on Wednesday a 49% slump in first-quarter adjusted operating profit to 281 million euros ($304.7 million) as revenues fell 15% to 10.631...
StanChart profit falls 12% on coronavirus crisis
Standard Chartered PLC said on Wednesday its first-quarter profit tumbled 12%, as the emerging markets-focused bank boosted provisions against bad loans as the coronavirus crisis...
White House official warns of negative shocks before rebound later in 2020
Top Trump adminstration officials on Tuesday predicted a strong economic rebound in the fourth quarter as the coronavirus fades, but a senior White House adviser...