Corona what? Tesla retail investors appear unfazed by virus impact
When Tesla Inc reports first-quarter results after the bell on Wednesday, many individual shareholders will not be looking for details on the subject that drives most conversations: the effect of the novel coronavirus pandemic.
GE points to more pain ahead as cash flow worsens
General Electric Co’s industrial businesses took a $1 billion hit to cash flow in the first quarter due to the COVID-19 pandemic as overall revenue fell almost 8%, and the company warned the damage would worsen in the next three months.
Health insurer Anthem beats revenue estimates on higher premiums
U.S. health insurer Anthem Inc beat quarterly estimates for revenue on Wednesday, helped by the recent launch of its pharmacy benefits unit and higher premiums.
Alphabet earnings drive futures higher ahead of GDP data
U.S. stock index futures rose on Wednesday after Google-parent Alphabet reported upbeat quarterly results, while investors braced for data that could show a sharp contraction in the domestic economy.
U.S. SEC investigates Luckin Coffee over accounting scandal: WSJ
The U.S. Securities and Exchange Commission is investigating Luckin Coffee Inc for fabricating millions of dollars worth of sales deals last year, the Wall Street Journal reported https://on.wsj.com/3eYO4Kx on Wednesday citing people familiar with the…
Ad group WPP says COVID-19 has speeded up strategy shift
The COVID-19 pandemic is forcing the world’s biggest advertising company WPP to accelerate its strategy of bringing its multiple agencies together to produce work more quickly for clients battling to cut costs.
VW urges Germany to help boost demand for cars as profit plunges
Volkswagen urged the German government on Wednesday to help boost demand for cars as the coronavirus pandemic triggered a plunge in first-quarter operating profit and the world’s biggest automaker warned of a difficult second quarter.
Britain’s Waitrose names former Sainsbury’s director James Bailey as new boss
Britain’s John Lewis Partnership has appointed James Bailey, a former director of Sainsbury’s , to be the new boss of its upmarket supermarket chain Waitrose, it said on Wednesday.
Beiersdorf top managers to waive 20% of fixed pay until December
Top managers at Nivea-maker Beiersdorf are waiving 20% of their fixed compensation between April and December, Chief Executive Stefan De Loecker said on Wednesday, adding that the level of management below them was also foregoing 5% of its pay.
John Lewis Partnership names former Sainsbury’s director James Bailey as new Waitrose boss
Britain’s John Lewis Partnership [JLPLC.UL] has appointed James Bailey, a former director of Sainsbury’s , to be the new boss of its upmarket supermarket chain Waitrose, it said on Wednesday.
