Financial performance

A man walks on Wall Street, Thursday, July 16, 2020 in New York. Stocks are opening broadly lower on Wall Street Thursday, extending weakness in overseas markets. (AP Photo/Mark Lennihan)
July 16, 2020 - 5:00 pm
NEW YORK (AP) — Wall Street is drifting lower Thursday after mixed reports on the economy highlighted its uncertain path, including one showing that layoffs continue at a stubbornly steady pace. The S&P 500 was 0.5% lower in afternoon trading, following up on declines across Europe and Asia, as...
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FILE - In this Monday, Oct. 14, 2019 file photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building, in Boston. Consumer banking giant Bank of America saw its profits drop by more than half in the second quarter, the bank reported Thursday, July 16, 2020, as the bank set aside billions of dollars to cover potentially bad loans caused by the pandemic. (AP Photo/Steven Senne, File)
July 16, 2020 - 2:39 pm
NEW YORK (AP) — Bank of America's second-quarter profits were sawed in half and the consumer banking giant set aside billions of dollars to cover potentially bad loans caused by the coronavirus pandemic. Earnings from the nation's biggest banks are painting a picture of American families and...
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July 16, 2020 - 8:09 am
Johnson & Johnson had a surprisingly strong second quarter and bumped up its 2020 forecast even after COVID-19 contributed to a 40% drop in U.S. medical device sales. Growing pharmaceutical sales, also in the U.S., helped the world’s biggest health products maker counter damage from the...
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FILE - This Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth Group reports financial results Wednesday, Jan. 15, 2020. (AP Photo/Jim Mone, File)
July 15, 2020 - 6:46 am
The nation’s largest health insurer more than doubled its profit in the second quarter, as COVID-19 shutdowns kept patients out of doctor’s offices and off operating tables. UnitedHealth Group Inc. earned $6.64 billion in the three-month window that ended June 30, with adjusted earnings totaling $7...
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FILE - In this Sept. 17, 2017, file photo, New Orleans Saints owner Tom Benson sits on the sideline with his wife, Gayle Benson, before an NFL football game in New Orleans. An Associated Press review of public tax documents found that the Bensons' foundation has given at least $62 million to the Archdiocese of New Orleans and other Catholic causes over the past dozen years, including gifts to schools, universities, charities and individual parishes. (AP Photo/Bill Feig, File)
July 15, 2020 - 1:08 am
News outlets including The Associated Press headed to court Wednesday seeking to unseal court records involving the mental competency of billionaire Tom Benson when he rewrote his will to give his third wife ownership of the New Orleans Saints and Pelicans sports franchises. Public interest in the...
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FILE - In this April 21, 2020, file photo, a lone person works at the Delta airlines check-in desk at McCarran International airport in Las Vegas. Delta Air Lines says it lost $5.7 billion in the second quarter, as the coronavirus pandemic caused air travel to collapse. The company reported financial results on Tuesday, July 14. A hoped-for travel recovery that began slowly in mid-April has been delayed by a resurgence in infections, especially in the South and West. (AP Photo/John Locher, File)
July 14, 2020 - 10:04 am
Delta Air Lines lost $5.7 billion during a brutal three-month stretch in which the coronavirus pandemic brought travel to a near standstill, and any hoped-for recovery has been smothered by a resurgence of infected Americans. “Growth has stalled,” Delta CEO Ed Bastian said. “It was growing at a...
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FILE- This Jan. 11, 2016, file photo shows a Chase bank branch in New York. The coronavirus pandemic is weighing heavily on the financial health of JPMorgan Chase. The nation’s largest financial company said Tuesday, July 14, 2020, that it set aside billions of dollars in the second quarter to cover potential losses from all the businesses and consumers who are unable to pay their debts due to the slumping U.S. economy. (AP Photo/Mark Lennihan, File)
July 14, 2020 - 7:45 am
NEW YORK (AP) — The coronavirus pandemic is weighing heavily on the financial health of JPMorgan Chase, as the nation’s largest financial company set aside billions in the second quarter to cover potential losses from all the businesses and consumers who are unable to pay their debts due to the...
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A man wearing a face mask to protect against the new coronavirus talks on his smartphone as he walks past a Huawei store in Beijing, Wednesday, July 1, 2020. China on Wednesday demanded Washington stop "oppressing Chinese companies" after U.S. regulators declared telecom equipment suppliers Huawei and ZTE to be national security threats. (AP Photo/Mark Schiefelbein)
July 14, 2020 - 5:06 am
HONG KONG (AP) — Huawei Technologies reported Tuesday that its revenue grew 13.1% in the first half of the year compared with a year earlier, despite sanctions from the U.S and challenges from the coronavirus pandemic. Revenue rose to 454 billion yuan ($64.9 billion) in January-June compared to 401...
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Orange Man, Brian McKee, delivers care packages to individuals who are isolating, to celebrate the 12th of July as traditional large-scale parades were cancelled this year due to the pandemic, in east Belfast, Monday, July 13, 2020. The Twelfth is being celebrated on 13 July as 12 July this year fell on a Sunday, to mark the anniversary of the victory of Protestant William of Orange over Catholic King James II at the Battle of the Boyne in July 1690. (Niall Carson/PA via AP)
July 13, 2020 - 1:28 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the national and global response, the work place and the spread of the virus. ________________________ FRONT LINE VIRUS COMPANIES: — Two vaccine candidates...
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FILE - In this Sept. 12, 2019, file photo, cars pass Purdue Pharma headquarters at night in Stamford, Conn. OxyContin maker Purdue Pharma should not be able to make any more political contributions without a judge's permission, lawyers for its creditors said in a Friday, July 10, 2020 court filing. (AP Photo/Frank Franklin II, File)
July 11, 2020 - 7:56 pm
OxyContin maker Purdue Pharma should not be able to make any more political contributions without a judge's permission, lawyers for its creditors said in a court filing. The issue came up this week after it was reported that the company, which has a long history of influencing policymakers, made...
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