KKR’s first-quarter profit rises 11% on stronger asset sales
Private equity firm KKR & Co Inc reported an 11% jump in after-tax distributable earnings in the first quarter on Wednesday, driven by growth in...
Qatar Airways to add more flights, rebuild network to 80 destinations by June
Qatar Airways on Wednesday said it planned to start rebuilding its network this month and targeted flying to 80 destinations by June....
CVS Health first-quarter profit beats on COVID-19 stockpiling
CVS Health Corp on Wednesday posted first-quarter profit above Wall Street estimates, as its pharmacy benefits management business and its drugstores benefited from customers stockpiling...
Barrick reports 55% higher adjusted profit helped by gold prices
Canadian miner Barrick Gold Corp reported a nearly 55% rise in quarterly adjusted profit on Wednesday, benefiting from a surge in gold prices and higher...
New York Times beats first-quarter revenue estimates
The New York Times Co beat Wall Street’s revenue estimates on Wednesday as it added more subscribers in a quarter dominated by heavy news coverage...
Futures rise on optimism around easing of lockdowns
U.S. stock index futures rose on Wednesday as investors turned hopeful of a pickup in business activity with several countries and U.S. states relaxing coronavirus-induced...
E-cigarette maker Juul Labs to exit South Korea after year of health controversies
U.S. e-cigarette maker Juul Labs said on Wednesday it would end operations in South Korea, a year after it entered the market there but failed...
Britain’s mid-sized banks coping with coronavirus, but warn of pain ahead
A slew of Britain’s mid-sized banks on Wednesday reported steady deposits and demand in the face of the COVID-19 pandemic, but warned it was too...
BMW cuts outlook, sees coronavirus pain lasting all year
BMW AG expects the coronavirus pandemic to hit demand and earnings throughout this year, prompting the German automaker to cut its profitability forecast for passenger...
Hapag-Lloyd seeks savings to offset coronavirus losses: CEO
German container line Hapag-Lloyd is to implement cost cuts to take account of the coronavirus crisis, its chief executive Rolf Habben Jansen said on Wednesday....