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by Swissquote Analysts
Uber Technologies Inc. posted another big loss with little sign of recovery in its core ride-hailing business as the coronavirus pandemic drags on. Gross bookings for Uber's rides plunged 75% year-over-year in the three months ended June 30, the San Francisco-based company said Thursday. With...
07.08.2020
BMW AG said it swung to a loss in the second quarter during the coronavirus pandemic, and it confirmed its guidance for the year. The German luxury car maker posted a quarterly net loss of 230 million euros ($271.5 million) compared with a profit of EUR1.45 billion the same period a year earlier...
06.08.2020
Bayer Tuesday said it swung to a net loss of EUR9.55 billion ($11.23 billion) in the second quarter on provisions for its multibillion-dollar settlement with plaintiffs alleging the company's Roundup herbicides cause cancer, as the German firm slightly lowered its outlook due to the coronavirus...
05.08.2020
A Shanghai company that was recently awarded a Chinese patent for a voice assistant similar to Apple Inc.'s Siri has filed a patent-infringement lawsuit against Apple that, if successful, could prevent the American tech giant from selling many of its products in its most important market outside...
04.08.2020
Siemens Healthineers AG, a medical technology spinoff of the German conglomerate, said it would acquire U.S.-based Varian Medical Systems Inc. for $16.4 billion, roughly 25% above its current market value. The deal will create a world leader in the area of cancer therapy, Siemens deputy CEO...
03.08.2020
Apple Inc. showed the technology industry's resilience amid the pandemic, reporting a better-than-expected 11% increase in quarterly sales from a year earlier as it benefited from strong demand for apps and work-from-home devices and avoided a downturn in its iPhone business. The tech giant...
31.07.2020
The Federal Reserve said the U.S. economy faced major challenges from the coronavirus pandemic and reiterated its pledge to take aggressive action to support an eventual recovery. "The path of the economy will depend significantly on the course of the virus," officials said in a statement...
30.07.2020
The coronavirus is still weighing on Starbucks Corp., but the coffee giant expects to narrow its losses as the pandemic marches on. The coffee giant reported its steepest earnings per share losses in more than a decade as a result of lower sales and higher costs stemming from the pandemic....
29.07.2020
LVMH Moet Hennessy Louis Vuitton SE said that net profit and revenue fell significantly in the first half due to the coronavirus pandemic, but that it hopes activities will gradually recover in the second half of the year. The world’s largest luxury-goods company said its first-half net profit...
28.07.2020
Goldman Sachs Group Inc. reached a $3.9 billion settlement with Malaysia in connection with a multibillion-dollar scandal that has plagued the Wall Street bank and rocked the country's politics. Goldman will pay $2.5 billion in cash and guarantee recovery of at least $1.4 billion in proceeds...
27.07.2020
 
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