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...
Futures jump with focus on earnings, easing lockdowns
U.S. stock index futures climbed higher on Tuesday ahead of the next round of quarterly earnings reports, with investors also keenly looking at the safety...
PepsiCo beats revenue estimates but scraps forecast over virus crisis
PepsiCo Inc beat first quarter revenue estimates, but ditched its full-year forecast on Tuesday, citing uncertainty around the globe due to the novel coronavirus pandemic....
Oil moves mixed on easing lockdowns, looming storage shortage
Oil prices were mixed on Tuesday as optimism about the easing of coronavirus-related restrictions reassured markets, although traders remained cautious with storage capacities filling up...
Lufthansa still considering protection from creditors: company source
The idea of German flagship carrier Lufthansa using a type of protection from creditors is not yet off the table, a source at the airline...
PepsiCo scraps forecast due to coronavirus crisis
PepsiCo Inc reported a rise in first-quarter revenue, but ditched its full-year forecast on Tuesday, citing uncertainty around the globe due to the novel coronavirus...