Comcast first-quarter broadband growth tops views, coronavirus hurts advertising
Comcast Corp on Thursday reported its best quarter of broadband net additions in 12 years, but revenue fell shy of Wall Street’s estimate as the coronavirus pandemic hurt advertising.
Trump’s tariffs add to pandemic-induced turmoil of U.S. manufacturers
Dan Digre, head of MISCO Speakers, was on edge before the coronavirus outbreak hit the global economy. Payment of hundreds of thousands of dollars in Chinese tariffs had wiped out the profit and dwindled the cash balance of the Minnesota-based loudspea…
Shareholder support for Credit Suisse chairman drops, successor search ‘well under way’
Shareholder support for Credit Suisse Chairman Urs Rohner dropped to its lowest level ever on Thursday, as Rohner told the Swiss bank’s annual meeting that its search for his successor was well under way.
Lufthansa, unions: we want to keep as many jobs as possible
Lufthansa and unions representing much of its staff told the German government that their joint top priorities were to maintain the airline’s competitiveness after the coronavirus crisis and preserve as many jobs as possible.
Thyssenkrupp secures state aid of around 1 billion euros: source
Thyssenkrupp has secured state aid of around 1 billion euros ($1.09 billion) to get through a bottleneck until money from the sale of its elevator division comes in, a source close to the matter said on Thursday.
‘W-shaped’ recovery may be too optimistic, Fed’s Powell suggests
Federal Reserve Chair Jerome Powell has sketched out an altogether bumpier ride for the U.S. economy than many are predicting – one that sees business activity stop and start for months to come, until an effective treatment or vaccine for the novel cor…
Facebook could address some U.S. antitrust concerns with new photo transfer tool
Facebook Inc will allow users in the United States and Canada to transfer photos and videos to a rival tech platform for the first time – a step that could assuage antitrust concerns by giving users an option to easily leave the company’s services, th…
Nokia makes small profit in face of supply disruption
Nokia Oyj eked out a small profit in the first quarter, backed by demand for its new high-margin 5G telecoms equipment, and predicted a strong second half of the year, sending its shares higher.
Credit Cuisse chairman successor search well underway, says Rohner
Credit Suisse’s search for a new chairman is well underway, the current chairman Urs Rohner told shareholders at the bank’s annual general meeting on Thursday.
Stocks head for best month on record 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.
