Beyond Meat results beat, suspends 2020 forecast on COVID-19 concerns
Beyond Meat Inc reported better-than-expected quarterly results on Tuesday as it sold more of its plant-based meat products and cut costs on packaging and labor,...
Occidental posts loss on $1.4 billion charges, cuts budget again
Troubled oil producer Occidental Petroleum Corp posted a loss in the first quarter on Tuesday, hit by $1.4 billion in impairment charges, and cut its...
Disney takes $1.4 billion hit from coronavirus as parks, theaters close
Walt Disney Co missed Wall Street’s lowered earnings forecasts on Tuesday and estimated global coronavirus lockdowns cut profits by $1.4 billion, mostly from its shuttered...
Airbnb cuts 1,900 jobs as coronavirus hits home rentals
Airbnb Inc is laying off 25% of its workforce, or nearly 1,300 employees, the home rental startup said on Tuesday, as the COVID-19 pandemic brings...
Mattel readies Baby Yoda toys for Christmas as factories come back online
Mattel Inc will have a new line of “Baby Yoda” toys ready to hit shelves in time for Christmas, the toymaker said on Tuesday, as...
Wall Street rises as lockdowns ease, healthcare shares jump
Wall Street’s main indexes gained on Tuesday as healthcare stocks rallied, oil prices surged and a number of countries and U.S. states eased coronavirus-induced restrictions...
Beyond Meat suspends 2020 forecast on COVID-19 concerns; posts sales beat
Beyond Meat Inc posted better-than-expected quarterly sales on Tuesday, but suspended its 2020 forecast as the COVID-19 pandemic hit demand for the company’s plant-based meat...
Beyond Meat plans U.S. discounts, hopes to replace beef on summer grills
Vegetarian burger maker Beyond Meat plans to offer large value packs and discounts to some U.S. retailers this summer, hoping to grab a larger share...
Exclusive: Lord & Taylor to liquidate its stores as soon as they reopen – sources
Venerable U.S. retailer Lord & Taylor plans to liquidate inventory in its 38 department stores once restrictions to curb the spread of coronavirus are lifted...
Airbnb to lay off 1,900 employees: sources
Airbnb Inc is laying off 25% of its workforce due to the coronavirus pandemic, impacting nearly 1,900 employees of the home rental startup, two sources...