Financial performance

A woman wearing a protective face mask speaks with healthcare workers during a house-to-house campaign to help curb the spread of the new coronavirus, in the Mallasa neighborhood of La Paz, Bolivia, Saturday, Aug. 8, 2020. (AP Photo/Juan Karita)
August 09, 2020 - 4:17 am
LONDON — The number of British companies planning to cut staff numbers in June was five times higher than in the same month a year earlier, in an ominous sign of COVID-19’s economic impact. Figures obtained by the BBC show that 1,778 companies informed the government of plans to cut a total of 139,...
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FILE - In this March 9, 2020, file photo, a security person wears a mask as he checks vehicles entering a compound for Saudi Aramco in Jiddah, Saudi Arabia. Saudi Aramco's net income plunged by 50% in the first half of the year, according to figures published Sunday, Aug. 9, 2020, offering a revealing glimpse into the impact of the coronavirus pandemic on one of the world's biggest oil producers. (AP Photo/Amr Nabil, File)
August 09, 2020 - 2:00 am
DUBAI, United Arab Emirates (AP) — Saudi Aramco's net income plunged by 50% in the first half of the year, according to figures published Sunday, offering a revealing glimpse into the impact of the coronavirus pandemic on one of the world's biggest oil producers. Profits for the first six months of...
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FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett's company has purchased another $400 million of Bank of America stock less than a week after buying roughly $800 million of the bank's stock. Berkshire Hathaway Inc. said Monday, July 27, 2020 it held 998 million Bank of America shares after the latest purchases, which represents roughly 11.5% of the bank's stock. (AP Photo/Nati Harnik, File)
August 08, 2020 - 1:30 pm
OMAHA, Neb. (AP) — Warren Buffett's company reported an 87% jump in its second-quarter profit as the paper value of its investment portfolio increased with the stock market, but it took a roughly $10 billion write down on the value of its aircraft parts manufacturing business because of the...
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FILE - A woman wearing a mask walks her dog past the New York Stock Exchange, Tuesday, June 30, 2020. Stocks are drifting in early trading on Wall Street Thursday, Aug. 6, after a report suggested that the number of layoffs across the country is slowing, though it remains incredibly high. (AP Photo/Mark Lennihan)
August 06, 2020 - 12:07 pm
NEW YORK (AP) — Stocks are perking higher on Wall Street Thursday after a report showed the pace of layoffs across the country is slowing, though it remains incredibly high. The S&P 500 was up 0.6% in afternoon trading after spending much of the day waffling between smaller gains and losses. It...
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A parked Lufthansa aircraft is seen through a hangar window at the airport in Frankfurt, Germany, Thursday, July 30, 2020. Lufthansa were showing the media how manufacturing has been restarted after the break imposed by the coronavirus outbreak (AP Photo/Michael Probst)
August 06, 2020 - 12:40 am
FRANKFURT, Germany (AP) — German airline group Lufthansa on Thursday reported a net loss of 1.49 billion euros ($1.77 billion) for the second quarter, when the pandemic essentially shut down passenger traffic, and issued a sobering forecast for demand to not reach pre-virus levels before 2024. “...
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FILE - In this Jan. 30, 2020, file photo, a visitor stands by the logo of Toyota Motor Corp. at its showroom in Tokyo. Toyota’s April-June profit plunged 74% as the coronavirus pandemic crushed vehicle sales to about half of what the top Japanese automaker sold the previous year, reported Thursday, Aug. 6, 2020. (AP Photo/Eugene Hoshiko, File)
August 05, 2020 - 11:32 pm
TOKYO (AP) — Toyota’s profit plunged 74% in the last quarter as the coronavirus pandemic sank vehicle sales to about half of what the top Japanese automaker sold the previous year. Toyota Motor Corp. reported on Thursday a profit of 158.8 billion yen ($1.5 billion) in April-June, down from 619...
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Customers line up at a drive thru self-swab coronavirus test site at a local CVS Pharmacy Sunday, June 14, 2020, in Phoenix. (AP Photo/Ross D. Franklin)
August 05, 2020 - 4:37 am
CVS Health is reporting surprisingly strong second-quarter earnings in part due to postponed elective medical procedures during the pandemic, and it raised its profit expectations for the year. For the three months ended June 30, CVS earned $2.99 billion, or $2.26 per share. A year earlier the...
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FILE - In this June 16. 2011, file photo, Richard Branson, president of Virgin Atlantic Airways, attends a news conference in Miami Beach, Fla. Branson announced that Virgin was starting flights between London and Cancun, Mexico. Virgin Atlantic, the airline founded by British businessman Branson, filed Tuesday, Aug. 4, 2020, for relief from creditors as the virus pandemic hammers the airline industry. The airline made the filing in U.S. federal bankruptcy court in New York after a proceeding in the United Kingdom. (AP Photo/Wilfredo Lee, File)
August 04, 2020 - 10:05 pm
NEW YORK (AP) — Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for protection in U.S. bankruptcy court as it tries to survive the virus pandemic that is hammering the airline industry. The airline made the Chapter 15 filing in U.S. federal bankruptcy...
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August 04, 2020 - 2:15 pm
More people are throwing plant-based burgers on the grill this summer. Beyond Meat, which makes pea protein-based burgers and sausages, said its second quarter revenue jumped 69% to $113 million as more households tried its products. Sales far outpaced Wall Street’s forecast of $99 million,...
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FILE - In this photo made on Wednesday, April 25, 2018, the prices for regular gas and diesel are posted at a Speedway station in Zelienople, Pa. The $21 billion sale of Speedway gas stations buys Marathon Petroleum some breathing room as the global pandemic continues to punish the energy sector. Wall Street focused on the sale to 7-Eleven over the weekend, rather than the huge losses the company posted Monday, Aug. 3, 2020 with a lack of demand for fuel leading to refinery shutdowns. (AP Photo/Keith Srakocic, file)
August 03, 2020 - 10:08 am
SILVER SPRING, Md. (AP) — The $21 billion sale of Speedway gas stations has bought Marathon Petroleum some breathing room as the global pandemic continues to punish the energy sector. Wall Street focused on the sale to 7-Eleven over the weekend, rather than the huge losses the company posted Monday...
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