Financial performance

1010 WINS Newsroom
May 10, 2020 - 3:01 pm
BOGOTA, Colombia (AP) — One of Latin America's largest airlines filed for Chapter 11 bankruptcy protection Sunday in New York, saying the COVID-19 pandemic has devastated its business. Avianca Holdings said in a statement that the move is aimed at continuing operations and preserving jobs when it...
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FILE - In this March 22, 2017, file photo, an Emirates plane taxis to a gate at Dubai International Airport in Dubai, United Arab Emirates. The Middle East's biggest carrier, Emirates, declared on Sunday, May 10, 2020, higher profits of $288 million over the past year even as revenue declined due to flight suspensions sparked by the coronavirus, offering a glimpse of the financial toll now facing airlines around the world. (AP Photo/Adam Schreck, File)
1010 WINS Newsroom
May 10, 2020 - 5:03 am
DUBAI, United Arab Emirates (AP) — The Middle East's biggest carrier, Emirates, announced on Sunday profits of $288 million over the past year even as revenue declined due to flight suspensions sparked by the coronavirus, offering a glimpse of the financial toll now facing airlines around the world...
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A member of staff works on an absorber, a part of a medical ventilator, at AMRC Cymru in North Wales as the UK ramps up production of equipment in the fight against coronavirus or COVID-19, Broughton North Wales, Thursday April 30, 2020. Working as part of the Ventilator Challenge UK consortium, over 550 Airbus and Siemens employees at the site are working around the clock to produce at least 15,000 ventilators for the National Health Service, making this location the single largest site as part of the consortium which currently has around 3,000 people working across various sites across the country. ( AP Photo/Jon Super)
1010 WINS Newsroom
May 08, 2020 - 5:21 am
FRANKFURT, Germany (AP) — Siemens AG, maker of trains, power generators and medical scanners, saw net profit sag during the most recent quarter due to the virus outbreak. The company abandoned its business forecast for the year, saying it expected the downturn to bottom out in the current quarter...
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Family members watch Carmen Antillon receives her Tupelo High School diploma from Tupelo High School 12th grade Assistant Principal L.V. McNeal during a graduation ceremony at Milam Elementary School, Wednesday, May 6, 2020, in Tupelo Miss. The school district divided up the graduation ceremony to five different locations over three days with no more than four guests in attendance. (Thomas Wells/The Northeast Mississippi Daily Journal via AP)
1010 WINS Newsroom
May 07, 2020 - 10:52 pm
Many governors across the U.S. are disregarding or creatively interpreting White House guidelines for safely easing restrictions and letting businesses reopen amid the coronavirus pandemic, an Associated Press analysis found. The AP determined that 17 states did not meet a key benchmark set by the...
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FILE - In this April 29, 2020 file photo, a man walks past a closed business in Shaker Heights, Ohio. Many people consider the Paycheck Protection Program that promised nearly $670 billion in forgivable loans to help companies rehire laid-off workers to already be a success because millions of businesses have gotten the money. But owners and business groups have said loans weren’t getting to companies most in need and it wasn’t arriving fast enough. (AP Photo/Tony Dejak, File)
1010 WINS Newsroom
May 07, 2020 - 4:52 pm
NEW YORK (AP) — The Trump administration has dispensed about $530 billion to millions of small businesses to cushion them from the sharp downturn induced by the coronavirus. The question is: how effective will the Paycheck Protection Program be? Some small business owners say the program’s low-cost...
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A closed Neiman Marcus store is seen at the Garden State Plaza mall in Paramus, N.J., Thursday, May 7, 2020. Neiman Marcus filed for Chapter 11 bankruptcy protection, sounding an ominous note for department stores during the pandemic. (AP Photo/Seth Wenig)
1010 WINS Newsroom
May 07, 2020 - 4:50 pm
NEW YORK (AP) — Neiman Marcus has filed for Chapter 11 bankruptcy protection, the first department store chain and second major retailer to be toppled by the coronavirus pandemic. The move by the 112-year-old storied luxury department store chain was announced Thursday and follows the bankruptcy...
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In this Jan. 23, 2020, photo, a Nintendo sign is seen at the company's official store in the Shibuya district of Tokyo, Thursday, Jan. 23, 2020. Japanese video-game maker Nintendo Co. has scored a 33% jump in annual profit as people stuck at home during the coronavirus pandemic turn to playing games. (AP Photo/Jae C. Hong)
1010 WINS Newsroom
May 07, 2020 - 4:40 am
TOKYO (AP) — Japanese video-game maker Nintendo Co. scored a 33% jump in annual profit, as people stuck at home turn to playing games. Kyoto-based Nintendo, which did not break down quarterly numbers, said Thursday its sales for the fiscal year through March rose 9% from the year before to 1.3...
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Allie Arredonodo, wears a face mask as she tries on shoes at Journey's shoe store in the Yuba Sutter Mall in Yuba City, Calif., Wednesday, May 6, 2020. Several dozen shoppers streamed into the first California mall to reopen Wednesday, despite Gov. Gavin Newsom's orders restraining businesses because of the coronavirus pandemic. (AP Photo/Rich Pedroncelli)
1010 WINS Newsroom
May 06, 2020 - 6:42 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to central governments, the work place and the spread of the virus. ________________________ JOB LOSSES: The pandemic jolted the global economy and millions...
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FILE - In this Oct. 21, 2009 file photo, The New York Times building is shown in New York. The New York Times Co. added new digital subscribers at a record rate in the first quarter of 2020, as the coronavirus spread, helping offset shrinking ad revenues. The newspaper publisher says it can ride out the effects of the pandemic because of its shift to relying more on digital reader revenue. (AP Photo/Mark Lennihan)
1010 WINS Newsroom
May 06, 2020 - 4:55 pm
The New York Times Co. added new digital subscribers at a record rate as the coronavirus spread in the first quarter, helping offset shrinking ad revenues. The newspaper publisher said it is “well positioned to ride out this storm and thrive in a post-pandemic world” because of its shift to relying...
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FILE - In this Nov. 15, 2019, file photo an Uber office is seen in Secaucus, N.J. Just as the coronavirus outbreak has boxed in society, it’s also squeezed high-flying tech companies reliant on people’s freedom to move around and get together. Uber has tried to reassure investors that it has enough cash to weather the fallout from the global pandemic and is turning to deliveries to make up for lost income after ride-hailing screeched to a halt.  (AP Photo/Seth Wenig, File)
1010 WINS Newsroom
May 06, 2020 - 12:16 pm
NEW YORK (AP) — Uber is cutting 3,700 full-time workers, about 14% of its workforce, and its CEO will give up his base salary with the nation largely still in lockdown. The San Francisco company said Wednesday that the layoffs and related costs like severance will reach about $20 million. Uber...
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