Abercrombie & Fitch begins store reopenings as lockdowns ease
Abercrombie & Fitch Co has begun reopening stores in parts of the world where lockdown restrictions have eased, the company said on Wednesday, as more...
GM tops estimates despite coronavirus, sets North American restart
General Motors Co on Wednesday reported a huge plunge in first-quarter profit that raced past expectations, and the automaker outlined plans for a May 18...
World shares subdued amid weak data; oil resumes gains
Global shares struggled on Wednesday as weak economic data, doubts about the easing of coronavirus lockdowns and simmering U.S.-China tensions cast a pall over markets....
Qatar Airways expects to re-open routes this month
Qatar Airways on Wednesday said it will start expanding its network this month in anticipation of countries easing travel restrictions that have halted global aviation....
New York Times warns of ad sales drop after upbeat first-quarter results
The New York Times Co warned of a steep fall in advertising sales in the current quarter after beating Wall Street’s profit and revenue estimates...
Barrick adjusted profit jumps on higher prices, trims gold 2020 output
Canadian miner Barrick Gold Corp reported a nearly 55% rise in quarterly adjusted profit on Wednesday, benefiting from a surge in gold prices fueled by...
Coronavirus hits GM first-quarter profit hard
General Motors Co on Wednesday reported a huge plunge in first-quarter quarter profit as it burned through cash with its the North American vehicle production...
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...