Financial performance

FILE - In this March 22, 2017, file photo, an Emirates plane taxis to a gate at Dubai International Airport in Dubai, United Arab Emirates. The Middle East's biggest carrier, Emirates, declared on Sunday, May 10, 2020, higher profits of $288 million over the past year even as revenue declined due to flight suspensions sparked by the coronavirus, offering a glimpse of the financial toll now facing airlines around the world. (AP Photo/Adam Schreck, File)
May 10, 2020 - 5:03 am
DUBAI, United Arab Emirates (AP) — The Middle East's biggest carrier, Emirates, announced on Sunday profits of $288 million over the past year even as revenue declined due to flight suspensions sparked by the coronavirus, offering a glimpse of the financial toll now facing airlines around the world...
Read More
A member of staff works on an absorber, a part of a medical ventilator, at AMRC Cymru in North Wales as the UK ramps up production of equipment in the fight against coronavirus or COVID-19, Broughton North Wales, Thursday April 30, 2020. Working as part of the Ventilator Challenge UK consortium, over 550 Airbus and Siemens employees at the site are working around the clock to produce at least 15,000 ventilators for the National Health Service, making this location the single largest site as part of the consortium which currently has around 3,000 people working across various sites across the country. ( AP Photo/Jon Super)
May 08, 2020 - 5:21 am
FRANKFURT, Germany (AP) — Siemens AG, maker of trains, power generators and medical scanners, saw net profit sag during the most recent quarter due to the virus outbreak. The company abandoned its business forecast for the year, saying it expected the downturn to bottom out in the current quarter...
Read More
Family members watch Carmen Antillon receives her Tupelo High School diploma from Tupelo High School 12th grade Assistant Principal L.V. McNeal during a graduation ceremony at Milam Elementary School, Wednesday, May 6, 2020, in Tupelo Miss. The school district divided up the graduation ceremony to five different locations over three days with no more than four guests in attendance. (Thomas Wells/The Northeast Mississippi Daily Journal via AP)
May 07, 2020 - 10:52 pm
Many governors across the U.S. are disregarding or creatively interpreting White House guidelines for safely easing restrictions and letting businesses reopen amid the coronavirus pandemic, an Associated Press analysis found. The AP determined that 17 states did not meet a key benchmark set by the...
Read More
FILE - In this April 29, 2020 file photo, a man walks past a closed business in Shaker Heights, Ohio. Many people consider the Paycheck Protection Program that promised nearly $670 billion in forgivable loans to help companies rehire laid-off workers to already be a success because millions of businesses have gotten the money. But owners and business groups have said loans weren’t getting to companies most in need and it wasn’t arriving fast enough. (AP Photo/Tony Dejak, File)
May 07, 2020 - 4:52 pm
NEW YORK (AP) — The Trump administration has dispensed about $530 billion to millions of small businesses to cushion them from the sharp downturn induced by the coronavirus. The question is: how effective will the Paycheck Protection Program be? Some small business owners say the program’s low-cost...
Read More
A closed Neiman Marcus store is seen at the Garden State Plaza mall in Paramus, N.J., Thursday, May 7, 2020. Neiman Marcus filed for Chapter 11 bankruptcy protection, sounding an ominous note for department stores during the pandemic. (AP Photo/Seth Wenig)
May 07, 2020 - 4:50 pm
NEW YORK (AP) — Neiman Marcus has filed for Chapter 11 bankruptcy protection, the first department store chain and second major retailer to be toppled by the coronavirus pandemic. The move by the 112-year-old storied luxury department store chain was announced Thursday and follows the bankruptcy...
Read More
In this Jan. 23, 2020, photo, a Nintendo sign is seen at the company's official store in the Shibuya district of Tokyo, Thursday, Jan. 23, 2020. Japanese video-game maker Nintendo Co. has scored a 33% jump in annual profit as people stuck at home during the coronavirus pandemic turn to playing games. (AP Photo/Jae C. Hong)
May 07, 2020 - 4:40 am
TOKYO (AP) — Japanese video-game maker Nintendo Co. scored a 33% jump in annual profit, as people stuck at home turn to playing games. Kyoto-based Nintendo, which did not break down quarterly numbers, said Thursday its sales for the fiscal year through March rose 9% from the year before to 1.3...
Read More
FILE - In this Oct. 21, 2009 file photo, The New York Times building is shown in New York. The New York Times Co. added new digital subscribers at a record rate in the first quarter of 2020, as the coronavirus spread, helping offset shrinking ad revenues. The newspaper publisher says it can ride out the effects of the pandemic because of its shift to relying more on digital reader revenue. (AP Photo/Mark Lennihan)
May 06, 2020 - 4:55 pm
The New York Times Co. added new digital subscribers at a record rate as the coronavirus spread in the first quarter, helping offset shrinking ad revenues. The newspaper publisher said it is “well positioned to ride out this storm and thrive in a post-pandemic world” because of its shift to relying...
Read More
FILE - In this Nov. 15, 2019, file photo an Uber office is seen in Secaucus, N.J. Just as the coronavirus outbreak has boxed in society, it’s also squeezed high-flying tech companies reliant on people’s freedom to move around and get together. Uber has tried to reassure investors that it has enough cash to weather the fallout from the global pandemic and is turning to deliveries to make up for lost income after ride-hailing screeched to a halt.  (AP Photo/Seth Wenig, File)
May 06, 2020 - 12:16 pm
NEW YORK (AP) — Uber is cutting 3,700 full-time workers, about 14% of its workforce, and its CEO will give up his base salary with the nation largely still in lockdown. The San Francisco company said Wednesday that the layoffs and related costs like severance will reach about $20 million. Uber...
Read More
FILE - This Oct. 16, 2019, file photo shows a sign at a General Motors facility in Langhorne, Pa. U.S. auto safety investigators have found no apparent defect with the passenger air bag seat sensors in thousands of older General Motors sedans. The National Highway Traffic Safety Administration denied a 2013 petition filed by a private crash investigator seeking a formal investigation of full-size cars including the Chevrolet Impala from the 2004 to 2010 model years. (AP Photo/Matt Rourke, File)
May 06, 2020 - 9:20 am
DETROIT (AP) — General Motors' first-quarter net income fell 88%, but it still managed to make $247 million despite the arrival of the global coronavirus pandemic. U.S. automakers suspended production in much of the world in late March. For GM, that clipped revenue for the quarter by 6%, to $32.7...
Read More
A customer waits for his medication behind a sheet of plastic installed to help curb the spread of the coronavirus at a CVS pharmacy store in Morton Grove, Ill., Tuesday, April 7, 2020. Customers and pharmacists are being separated by crates and plastic sheets during the Covid-19 pandemic. (AP Photo/Nam Y. Huh)
May 06, 2020 - 8:11 am
The rush to fill medicine cabinets and pantries ahead of the rapidly spreading COVID-19 pandemic fueled surging profits at CVS Health during its first quarter. The outbreak also lifted the health care giant’s insurance business because patients delayed or cancelled elective surgeries and used the...
Read More