Vienna Airport launches savings program, cancels 2019 dividend
Vienna Airport launched a savings programme equivalent to a quarter of annual revenue on Friday in response to the travel falloff caused by coronavirus and said state aid will ensure it remains liquid to the end of the year.
‘Fasten your seatbelt’: Investors brace for Europe Inc. results amid coronavirus
Investors will be hunting for companies that can rein in costs, preserve cash and avoid amassing big inventories during the coronavirus crisis as Europe Inc. prepares to report the steepest profit fall since the 2008 global financial meltdown.
AMC says enough cash till July as Trump readies plan to reopen America
AMC Entertainment Holdings Inc, the world’s largest theater operator, said on Friday it had enough cash balance to withstand a global suspension of operations until a partial reopening in July, as the U.S. government plans to reopen the country’s econo…
P&G beats profit estimates as consumers stock up on toilet rolls, detergents
Procter & Gamble Co beat expectations for quarterly profit on Friday as consumers stocked up on everything from diapers and detergents to toilet rolls amid sweeping lockdowns around the world to curb the spread of the coronavirus.
Goldman predicts 36% drop in iPhone shipment, says time to sell Apple shares
Goldman Sachs said on Friday it expects iPhone shipment to drop 36% during the third quarter due to coronavirus-related lockdowns around the world and downgraded Apple Inc stock to “sell”.
Developing countries unlock key industries to safeguard earnings and jobs
From Africa to Asia and Latin America, emerging countries disproportionately bruised by the COVID-19 pandemic are allowing some key industries to start back up in a bid to soften the economic blow.
Oil rises as Trump plans to ease lockdown
Oil prices rose on Friday as President Donald Trump laid out plans to ease the U.S. coronavirus lockdown and on reports, later played down, that a drug may potentially help treat COVID-19.
AT&T investors denied a dial-in as annual meeting goes online
Activist investors say telecommunications pioneer AT&T Inc won’t take their calls for its upcoming annual meeting, reinforcing their concerns that the shift of the gatherings to cyberspace due to the COVID-19 pandemic would restrict shareholder input.
Airbus chief calls for government support for shift to lower-emission planes: Der Spiegel
Airbus CEO Guillaume Faury is proposing a government support programme to help airlines convert their fleets to more environmentally friendly planes, according to an interview given by Faury to Der Spiegel magazine which was published on Friday.
Wall Street Week Ahead: In companies’ earnings, words may matter more than numbers
Investors gearing up for another week of corporate earnings may give more weight to the words of company executives than headline-grabbing numbers, as Wall Street seeks evidence that corporations can weather the uncertainty caused by the coronavirus pa…
