Pringles maker Kellogg says profit jumps 23% on virus-led stockpiling
Breakfast cereal maker Kellogg Co on Thursday reported a 23% rise in quarterly profit as consumers in North America and Europe stocked up on its packaged foods amid coronavirus-driven lockdowns.
Cut us some slack, German travel start-ups tell Google
(This April 30 story corrects name of Dealroom.co in paragraph 14.)
American Airlines posts first quarterly loss since emerging from bankruptcy
American Airlines on Thursday posted a $1.1 billion net loss, its first quarterly loss since emerging from bankruptcy in 2013, and warned of a cash burn of about $70 million a day in the second quarter, as the COVID-19 pandemic brought travel to a nea…
Dow, S&P 500 futures dip at end of strong month; jobless data eyed
Dow and S&P 500 stock index futures dipped on Thursday at the end of a strong month for Wall Street, with investors nervous about another stunning jobless claims figure, while Nasdaq futures were supported by upbeat earnings from Facebook and Tesla.
McDonald’s profit misses estimates as restaurants limit services
McDonald’s Corp missed Wall Street estimates for quarterly profit on Thursday as most of its restaurants limited their services to delivery, drive-thru and take-away to curb the spread of the coronavirus pandemic.
ConocoPhillips swings to loss on oil price slump, impairments
U.S. oil and gas company ConocoPhillips swung to a first quarter loss on Thursday as it took big hits from impairments and the falling value of its stake in Canadian producer Cenovus Energy.
Stocks nurse record monthly gains ahead of ECB
World stocks headed for their best month on record on Thursday, as encouraging early results from a COVID-19 treatment trial and expectations of more European Central Bank (ECB) stimulus later in the day helped ease the pain of February and March.
Twitter sales top estimates, sees rebound from Asia’s eased coronavirus rules
Twitter Inc on Thursday said its ads sales slightly rebounded in Asia after a plunge due to the coronavirus outbreak and it had accelerated work on tools to attract advertisers, becoming the latest tech company to report a lighter blow from the pandem…
Britain’s Sainsbury’s warns of $623 million coronavirus hit to profit
British supermarket group Sainsbury’s warned the impact of the coronavirus pandemic on current year profit could be over 500 million pounds ($623 million) and said decisions on paying dividends to shareholders would be deferred.
Oil prices rise on some signs of pick-up in fuel demand
Oil prices jumped on Thursday, lifted by signs the U.S. crude glut is not growing as quickly as expected and indications of a rise in fuel demand that has been crushed by the coronavirus.
