Financial performance

1010 WINS Newsroom
August 03, 2020 - 8:25 am
MILAN (AP) — Italian sportscar maker Ferrari lowered its full year earnings guidance on Monday after reporting second-quarter profits were nearly wiped out by temporary halts in production and delivery due to the coronavirus. The automaker reported 9 million euros ($10.5 million) in net profit for...
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FILE - In this Jan. 2, 2019, file photo, women peer in the front door of Lord & Taylor's flagship Fifth Avenue store which closed for good in New York. New York landmark retailer Lord & Taylor has filed for bankruptcy, joining a growing list of retailers flummoxed by the pandemic. (AP Photo/Kathy Willens, File)
1010 WINS Newsroom
August 03, 2020 - 7:59 am
NEW YORK (AP) — Lord & Taylor, America's oldest retailer, is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos. A. Banks, lengthening the list of major retail chains that have faltered in the pandemic. Companies, some with roots dating to the early 19th century, were...
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FILE - In this Aug. 28, 2015, file photo, people walk past a branch of HSBC bank in London. Europe’s biggest bank, HSBC, has reported Monday, Aug. 3, 2020, its net profit plummeted 96% in the second quarter of this year as lower interest rates combined with the downturn due to the coronavirus pandemic stunted business activity. (AP Photo/Frank Augstein, File)
1010 WINS Newsroom
August 03, 2020 - 1:41 am
LONDON (AP) — Europe’s biggest bank, HSBC, said Monday that its net profit plummeted 96% in the second quarter of this year as lower interest rates combined with the downturn due to the coronavirus pandemic tool hold. The bank's net profit was $192 million in the April-June quarter, down from $4.37...
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A stock trader, left, adjusts his mask as he enters the New York Stock Exchange, Thursday, July 30, 2020. Strong gains for Big Tech stocks are helping to prop up Wall Street in early Friday trading following blowout profit reports from some of the market’s most influential companies. (AP Photo/Mark Lennihan)
1010 WINS Newsroom
July 31, 2020 - 4:12 pm
NEW YORK (AP) — Stocks staged a late rally on Wall Street Friday, closing out their fourth straight winning month. Huge gains for leading tech companies, especially Apple and Facebook, led the way higher. Outside of Big Tech, much of the rest of the market struggled, leaving more stocks lower than...
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FILE - In this April 23, 2018, file photo, the logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange. Exxon lost $1.1 billion in the second quarter, Friday, July 31, 2020, its economic pain deepening as the pandemic kept households on lockdown, diminishing the need for oil around the world. (AP Photo/Richard Drew, File)
1010 WINS Newsroom
July 31, 2020 - 1:53 pm
NEW YORK (AP) — Two American oil giants lost more than $9 billion in the second quarter as the pandemic kept households on lockdown, cutting a gaping hole into a once-thriving business as the need for oil diminished around the world. Exxon lost $1.1 billion in the second quarter, and the Irving,...
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FILE- This May 1, 2018, file photo shows Merck corporate headquarters in Kenilworth, N.J. The pandemic increased sales of Merck medicines during the first quarter of 2020, as households around the world stocked up, but the drugmaker expects a significant hit this quarter as the full force of the outbreak lands. (AP Photo/Seth Wenig, File)
1010 WINS Newsroom
July 31, 2020 - 8:12 am
FAIRLESS HILLS, PA (AP) — Surging sales of its cancer medicines and reduced spending across the board helped Merck overcome a big hit from the coronavirus pandemic and increase its profit 12% in the second quarter. The drugmaker boosted its financial forecast for the year Friday even as it spends...
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Passengers wearing face masks to prevent the spread of coronavirus queue prior to departure to London at a British Airways check-in desk at Adolfo Suarez-Barajas international airport, outskirts Madrid, Spain, Sunday, July 26, 2020. Britain has put Spain back on its unsafe list and announced Saturday that travelers arriving in the U.K. from Spain must now quarantine for 14 days. The move by the UK taken without forewarning has caught travelers off guard. (AP Photo/Manu Fernandez)
1010 WINS Newsroom
July 31, 2020 - 5:56 am
LONDON (AP) — The parent company of British Airways reeled to a loss of 3.8 billion euros ($4.5 billion) in the first six months of the year as travel restrictions from the COVID-19 pandemic ate into the bottom line. By way of comparison, IAG reported 806 million euros in profit in the same period...
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1010 WINS Newsroom
July 31, 2020 - 3:49 am
HELSINKI (AP) — Nokia has reported better than expected second-quarter earnings on the back of improved margins for telecoms equipment and software despite the coronavirus crisis causing a substantial drop in revenue. The Espoo, Finland-based maker of new-generation 5G mobile and other networks...
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A man lifts his arm as he walks by the New York Stock Exchange, Thursday, July 30, 2020. Stocks are falling on Wall Street Thursday after reports showed that layoffs are continuing at a stubborn pace and that the U.S. economy contracted at a nearly 33% annual rate in the spring. (AP Photo/Mark Lennihan)
1010 WINS Newsroom
July 31, 2020 - 12:16 am
TOKYO (AP) — Asian shares tumbled Friday as reports showed layoffs of American workers are persisting at high levels after the U.S. economy contracted at a nearly 33% annual pace in the spring, the worst quarter on record. Earnings reports, a gauge of how well businesses are managing the fallout...
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FILE - In this Oct. 20, 2019 file photograph, the company logo shines off the grille of an unsold 2019 F-250 pickup truck at a Ford dealership in Littleton, Colo. Ford Motor Co. reports quarterly financial results after the market close, Thursday, July 30 2020. (AP Photo/David Zalubowski, File)
1010 WINS Newsroom
July 30, 2020 - 6:38 pm
DETROIT (AP) — Ford Motor Co. posted results on Thursday that were not as grim as expected for its second quarter that saw its U.S. factories shuttered for half the period to combat the spread of the coronavirus and car buyers sheltering in place. Ford reported a $1.12 billion second-quarter net...
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