J&J beats profit estimates but coronavirus fuels forecast cut
Johnson & Johnson on Tuesday beat analysts’ estimates for first-quarter profit on higher sales of its cancer drugs and consumer products including Tylenol, while cutting its full-year forecast due to coronavirus shutdowns.
Cisco offers big payment deferrals until 2021 as companies seek remote-work tools
Cisco Systems Inc on Tuesday launched a $2.5 billion financing program that lets its customers defer 95% of payments until 2021, giving companies additional leeway at time when some are facing a cash crunch but also need more remote-work tools.
Alphabet soup: How will post-virus economic recovery shape up?
(This story had been refiled to add missing words in paragraph 16 of story first published April 9.)
Global stocks gain on China trade data, easing pandemic worries
Equity markets rallied globally and the dollar weakened on Tuesday as better-than-expected Chinese trade data suggested the threat of a much deeper downtown from the coronavirus had been overstated, removing the safe-haven allure of the greenback.
China data lifts futures as JPMorgan, J&J kick off earnings
U.S. stock index futures gained 1% on Tuesday on better-than-expected trade data from China and signs some economies were preparing to ease lockdowns, even as the first batch of earnings reports underlined the hit from the coronavirus outbreak.
Dash for cash as most investors expect drawn-out recovery: BofA survey
Investors have been hoarding cash at a rate not seen since the immediate aftermath of the 9/11 attacks of 2001, BofA’s April fund manager survey showed, as the coronavirus roiled global financial markets.
Renault quits its main China venture after weak sales
French automaker Renault SA is ditching its main passenger car business in China following poor sales at the loss-making venture with Dongfeng Motor Group .
Johnson & Johnson beats profit estimates but cuts forecast on coronavirus uncertainty
Johnson & Johnson on Tuesday beat analysts’ estimates for first-quarter profit on higher sales of its cancer drugs and consumer products including Tylenol, while slashing its full-year forecast due to the coronavirus shutdowns.
Britain’s Next re-opens online before maxing out daily limit
British clothing retailer Next hit a self-imposed daily limit within hours of re-opening its online business on Tuesday, indicating consumer demand during the coronavirus lockdown.
Barclays halts new job cuts during coronavirus crisis: memo
Barclays has halted new job cuts while the coronavirus crisis is ongoing, the bank said in an internal memo seen by Reuters on Tuesday.
