Financial performance

Volkswagen cars stand at a parking area during the production restart of the plant of the German manufacturer Volkswagen AG (VW) in Zwickau, Germany, Thursday, April 23, 2020. Volkswagen starts with step-by-step resumption of production. The car company are completely converting the plant in Zwickau from 100 percent combustion engine to 100 percent electric. (AP Photo/Jens Meyer)
1010 WINS Newsroom
April 23, 2020 - 6:40 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the global economy, the work place and the spread of the virus. ________________________ ALTERED STATE OF RETAIL: Retail stores are largely closed across...
Read More
Virgin Australia planes are lined up at departure gates at Sydney Airport in Sydney, Wednesday, April 22, 2020. Virgin Australia is seeking bankruptcy protection, entering voluntary administration after a debt crisis worsened by the coronavirus shutdown pushed it into insolvency. (AP Photo/Rick Rycroft)
1010 WINS Newsroom
April 23, 2020 - 12:09 am
CANBERRA. Australia (AP) — Virgin Australia has become the world’s largest airline to seek bankruptcy protection in the weeks since the coronavirus shutdown created a debt crisis. A look at Australia’s second-largest airline’s predicament and what it means for other airlines: WHY IT SOUGHT...
Read More
FILE - In this Monday, June 24, 2019, file photo, a CSX freight train rolls past downtown Pittsburgh. CSX Corp. said Wednesday, April 22, 2020, its first-quarter profit slipped 8% and the railroad withdrew its outlook for the year because of the ongoing economic uncertainty brought on by the coronavirus outbreak. (AP Photo/Gene J. Puskar, File)
1010 WINS Newsroom
April 22, 2020 - 6:52 pm
OMAHA, Neb. (AP) — CSX Corp. said Wednesday that its first-quarter profit slipped 8% and the railroad withdrew its outlook for the year because of the ongoing economic uncertainty brought on by the coronavirus outbreak. The Jacksonville, Florida- based company said it earned $770 million, or $1 per...
Read More
FILE - In this Nov. 18, 2019, file photo, Pacific Gas & Electric CEO Bill Johnson speaks during an oversight hearing of the Energy, Utilities and Communications committee at the Capitol in Sacramento, Calif. Johnson will step down from the job just 14 months after the nation's largest utility hired him to rescue it from a crippling financial mess caused by a long history of negligence and chance a corporate culture that had emphasized profits over safety. The announcement Wednesday, April 22, 2020, that the 66-year-old Johnson will retire June 30 comes as PG&E tries to push through its plan to end a stint in bankruptcy that was triggered by a series of deadly wildfires ignited by its decaying electrical grid. (AP Photo/Rich Pedroncelli, File)
1010 WINS Newsroom
April 22, 2020 - 4:23 pm
BERKELEY, Calif. (AP) — PG&E Corp. CEO Bill Johnson will step down from his job just 14 months after the nation's largest utility hired him to rescue it from a financial mess caused by a history of negligence and to change a corporate culture that emphasized profits over safety. Johnson's June...
Read More
1010 WINS Newsroom
April 22, 2020 - 9:14 am
GENEVA (AP) — Swiss pharmaceuticals company Roche, which helps make tests to detect the COVID-19 illness, says its sales edged up in the first quarter despite the broad economic volatility created by the pandemic. The Basel-based company noted its cobas test for the novel coronavirus drew an...
Read More
Passenger jets from Delta Airlines lined up for storage at Pinal Airpark in Pinal County, north of Tucson, Ariz., on March 16, 2020. (Rebecca Sasnett/Arizona Daily Star)
1010 WINS Newsroom
April 22, 2020 - 8:42 am
Delta Air Lines, the biggest and most profitable U.S. airline, lost $534 million in the first quarter, a setback that will appear trivial when the full force of the pandemic is revealed in the current quarter. Delta warned Wednesday that revenue during the April-through-June quarter, typically a...
Read More
In this Tuesday, March 24, 2020, photo released by China's Xinhua News Agency, a worker wearing a face mask drives a forklift at a Swire Coca-Cola Beverages Hubei Limited plant in Wuhan in central China's Hubei Province. According to Chinese state media, the plant restarted some production lines on Monday. While many migrant workers across China remain trapped by travel bans due to the coronavirus, some industrial production has returned to action, including in the crucial auto manufacturing industry, which is largely based in Wuhan, and in businesses that provide critical links in global supply chains. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (Xiao Yijiu/Xinhua via AP)
1010 WINS Newsroom
April 21, 2020 - 10:35 am
Coca-Cola's global volume tumbled 25% in April as the coronavirus pandemic gripped large swaths of the world population. Those volumes made up of bottled drinks and the syrups Coke sells to theaters, restaurants, stadiums and music venues were humming early in the year, revealing how fast the virus...
Read More
FILE - In this Feb. 18, 2020, file photo, a Pacific Gas & Electric truck is parked in San Francisco. California regulators are being advised to approve PG&E's plan for getting out of bankruptcy with new controls designed to prevent a recurrence of the utility's past bad behavior that has resulted in deadly wildfires, infuriating blackouts and high electricity rates. If approved, a proposed decision issued Monday, April 20, 2020, by Administrative Law Judge Peter Allen will enable PG&E to clear another key hurdle in its frantic race to end one of the most complex bankruptcy cases in U.S. history by June 30. (AP Photo/Jeff Chiu, File)
1010 WINS Newsroom
April 20, 2020 - 8:33 pm
BERKELEY, Calif. (AP) — California regulators are being advised to approve Pacific Gas & Electric's plan to emerge from bankruptcy with new controls designed to prevent a recurrence of the utility's past bad behavior that has resulted in deadly wildfires, infuriating blackouts and high...
Read More
FILE - This Tuesday, July 2, 2019 file photo shows Eagle Butte mine in in Gillette, Wyo., following the closure of the Blackjewel mines.The coal industry was already hurting before the coronavirus. The pandemic has made things a lot worse. Production is down along with electricity demand, with office and school lights off across the nation. (Josh Galemore/The Casper Star-Tribune via AP, File)
1010 WINS Newsroom
April 19, 2020 - 11:54 am
CHEYENNE, Wyo. (AP) — Travis Deti has been working the phones to try to get government support for the U.S. coal industry during the coronavirus pandemic. Between recent calls, the head of the Wyoming Mining Association tried to unclog a sink at home. But unlike Deti’s sink, which eventually...
Read More
FILE - In this Oct. 14, 2019 file photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building, in Boston. Bank of America Corp. reports financial results Wednesday, April 15, 2020. (AP Photo/Steven Senne, File)
1010 WINS Newsroom
April 15, 2020 - 12:11 pm
NEW YORK (AP) — The major banks in the U.S. are anticipating a flood of loan defaults as households and business customers take a big financial hit from the coronavirus pandemic. JPMorgan Chase, Wells Fargo, Bank of America, Citigroup and Goldman Sachs raised the funds set aside for bad loans by...
Read More

Pages