Earnings

A pedestrian pass the New York Stock Exchange, Friday, Oct. 2, 2020, in New York. Stocks around the world are falling sharply Wednesday, Oct. 28, on worries the worsening pandemic will push governments to bring back restrictions on businesses. (AP Photo/John Minchillo)
October 28, 2020 - 10:32 am
NEW YORK (AP) — Stocks around the world are tumbling Wednesday on worries the worsening pandemic will mean more restrictions on businesses and drag down the economy. The S&P 500 was down 2.9% in midday trading on Wall Street, heading for a third straight loss. It’s already down 5% this week,...
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FILE - In this Jan. 25, 2011, file photo, is the Boeing Company logo on the property in El Segundo, Calif. China's government said Monday, Oct. 26, 2020, it will impose sanctions on U.S. military contractors including Boeing Co.'s defense unit and Lockheed Martin Corp. for supplying weapons to rival Taiwan, stepping up a feud with Washington over security and Beijing's strategic ambitions. (AP Photo/Reed Saxon, File)
October 28, 2020 - 9:37 am
Boeing will cut more jobs as it continues to bleed money and its revenue fades during a pandemic that has smothered demand for new airline planes. The company said Wednesday that it expects to cut its workforce to about 130,000 people by the end of next year, or 30,000 fewer than it began with in...
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The moon shines next to the headquarters of the Deutsche Bank in Frankfurt, Germany, early Sunday, Oct. 4, 2020. (AP Photo/Michael Probst)
October 28, 2020 - 4:41 am
FRANKFURT, Germany (AP) — Deutsche Bank reported its third straight quarterly profit as loan losses diminished amid continuing government financial help for businesses during the coronavirus pandemic and as revenues rose at its investment bank. The bank said Wednesday it made a profit of 309...
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FILE- This May 1, 2018, file photo shows Merck corporate headquarters in Kenilworth, N.J. Surging sales of cancer medicines and reduced spending helped Merck overcome a big hit from the coronavirus pandemic and increase its profit 12% in the second quarter. The drugmaker on Friday, July 31, 2020, increased its financial forecast for the year, all while it’s investing in development of two experimental vaccines and a possible treatment for COVID-19. (AP Photo/Seth Wenig, File)
October 27, 2020 - 9:34 am
Drugmaker Merck, bouncing back from a $1.6 billion hit from the coronavirus pandemic in the second quarter, boosted its third-quarter profit by 55% and blew past Wall Street expectations. The strong result was due to sales slightly higher than a year ago, plus restrained spending and a one-time...
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Pfizer signs are seen out front of the Pfizer Research & Development Laboratories Wednesday, July 22, 2020, in Groton, Conn. Pfizer on Tuesday, July 28, reported a 32% plunge in second-quarter profit, as the global coronavirus pandemic limited marketing of and new prescriptions for its medicines. Still, the biggest U.S. drugmaker posted a solid profit and nudged up parts of its 2020 financial forecast. (AP Photo/Stew Milne)
October 27, 2020 - 6:49 am
Drugmaker Pfizer saw its third-quarter profit plunge 71%, mainly due to an $8.1 billion gain a year earlier from selling its consumer health care business to a GlaxoSmithKline joint venture, but managed to top Wall Street expectations. Meanwhile, the New York-based company on Tuesday said...
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FILE - In this Monday, Sept. 21, 2020, file photo, a Wall Street street sign is framed by a giant American flag hanging on the New York Stock Exchange in New York. Stocks are falling in early trading on Wall Street Monday, Oct. 26, 2020, and deepening last week’s losses. (AP Photo/Mary Altaffer, File)
October 26, 2020 - 4:01 pm
U.S. stocks fell sharply Monday as a troubling increase in coronavirus counts put investors in a selling mood. The skid came as doubts mount on Wall Street that Washington will come through with more stimulus for the economy before Election Day. The S&P 500 slid 1.9%, its biggest single-day...
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FILE - In this Thursday, April 30, 2020 file photo, an employee attaches a Mercedes emblem as he works on a Mercedes-Benz S-class car at the Mercedes plant in Sindelfingen, Germany. Daimler, maker of Mercedes-Benz vehicles, is reporting third-quarter earnings on Friday Oct. 22, 2020. (AP Photo/Matthias Schrader, file)
October 23, 2020 - 4:42 am
FRANKFURT, Germany (AP) — Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, saw third-quarter profit rebound as the company clamped down on costs and auto sales recovered after the coronavirus lockdowns of earlier in the year. The company raised its outlook for expected...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 23, 2020. Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election. (AP Photo/Ahn Young-joon)
October 23, 2020 - 12:49 am
Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election. Stocks rose in Tokyo, Hong Kong and Seoul but fell in Shanghai. Sydney's benchmark ended flat. In their...
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FILE- In this Aug. 8, 2018, file photo bottles of Coca-Cola sit on a shelf in a market in Pittsburgh. The Coca-Cola Co. said on Thursday, Oct. 22, 2020, it saw gradual improvement in the third quarter, as it turned its focus to emerging leaner from the global pandemic. Atlanta-based Coke said its revenue fell 9% to $8.7 billion. (AP Photo/Gene J. Puskar, File)
October 22, 2020 - 10:18 am
Coca-Cola measured gradual improvement in the third quarter as it focused on emerging leaner from the global pandemic. Revenue fell 9% to $8.7 billion, topping Wall Street expectations of $8.4 billion, according to analysts polled by FactSet. It was far better than the 28% drop in revenue in the...
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A Southwest Airlines Boeing 737-7H4 takes off, Tuesday, Oct. 20, 2020, from Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Fla. Airlines are continuing to pile up billions of dollars in losses as the pandemic causes a massive drop in air travel. Southwest Airlines on Thursday, Oct. 22, lost $1.16 billion in the normally strong third quarter, which includes most of the summer vacation season.(AP Photo/Wilfredo Lee)
KNSS News
October 22, 2020 - 7:30 am
DALLAS (AP) — Airlines are piling up billions of dollars in losses as the pandemic causes a massive drop in air travel. American Airlines on Thursday reported a loss of $2.4 billion and Southwest Airlines lost $1.16 billion in the third quarter, typically a very strong period of air travel that...
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