Intel Corp expects its Q2 earnings to miss Wall Street's estimates as the computer chipmaker withdrew its full-year forecast due to the economic uncertainty triggered by the coronavirus crisis.
On Friday, Verizon Communications has withdrawn its 2020 revenue outlook as the company lost 68K paying subscribers in the Q1 due to lockdowns caused by the coronavirus outbreak that forced Verizon to shut down 70% of its physical stores.
On Friday, American Express reported a 76% plunge in its quarterly profit, as the credit card issuer set aside $1.7B to prepare for potential non-payments amid the coronavirus-related mass layoffs.
Singapore Telecommunications announced on Friday its subsidiaries had secured about $3.0B in bank credit facilities, with the funds to be used for the company's refinancing and general purposes.
Nestle, the Swiss food giant, reported on Friday its quarterly sales growth hit its record-high of 4.3% rise in about five years due to consumers stockpiling Nestle's food amid the coronavirus lockdowns.
On Friday, Heiko Maas, the German Foreign Minister, stated that the COVID-19 crisis would not ease the Brexit negotiations, with Berlin planning to use the EU presidency in the year's 2H to ensure a "good result" for both sides.
The US electric car maker Tesla reported an increase in prices for its China-made model 3 vehicles after the Chinese government had cut subsidies for EVs by 10% in 2020, effective April 23.
British retail sales hit its record-low in March amid the coronavirus outbreak as a rise in food demand was dwarfed by a drop in clothing and other goods sales, with the plunge likely to get worse in April.
On Friday, Bank of America stated that a majority of investors has been buying up junk bonds, as markets started buying what the Federal Reserve buys.
Dish Network Corp has cooperated with the software firm Mavenir, aiming to build the next-generation 5G network by 2023, taking on the big three US telecommunications giants.
China's Hisense is planning to trim around 2,2K job positions in Europe by the 2020-end due to a slump in demand caused by the coronavirus crisis, the household appliances maker said.
Intel Corp does not see a necessity to update it full-year outlook due to economic uncertainty triggered by the coronavirus outbreak, after it forecast its Q2 earnings to miss Wall Street's expectations.
Japan's regional governor pledged $3.72B in emergency loans to Toyota's suppliers and small and mid-sized firms, as the carmaker is planning to nearly halve the output at its Japanese factories.
Eli Lilly posted a 15.1% surge in its Q1 sales, driven by robust sales of Trulicity, the firm's top-selling diabetes drug, and growing demand for other medicines amid the coronavirus outbreak.
Apple Inc is planning to launch a sale of its Mac computers with the company's own chips by 2021, based on the processor designs that are currently used in iPads and iPhones, according to Bloomberg.
The US House of Representatives passed a $484B coronavirus relief legislation during the Washington gathering on Thursday, bringing the total of US funds approved for the crisis to about $3 trillion.
Blackstone Group posted a 4% increase in its Q1 distributable earnings, boosted by a rise in the management fees on robust fundraising, despite its funds were affected by a downturn triggered by coronavirus.
The South Korean chip producer SK Hynix reported an increase in revenue by 6.3% to $5.9B in the first quarter of 2020, data published by the company show.
The South Korean display panel producer LG Display announced an operating loss in the first three months of 2020 amid the COVID-19 outbreak, a statement published by the company shows.
China's Xinjiang Uygur Autonomous Region increased investment in capital assets by 5.2% in the first three months of 2020, the local bureau of statistics reports.
Daimler's earnings before interest and taxes declined 80% to $666M in the first quarter of 2020, compared to the previous year, the German car producer reports.
The Latvian government agreed to inject €54.43M in Riga International Airport amid the COVID-19 pandemic, a statement published by the Ministry of Transport shows.
China's delivery giant SF Holding announced revenue growth of 39.59% to $4.74B in the first three months of 2020, compared to the same period the prior year.
On Thursday, the US House of Representatives is set to gather in Washington and pass a $484B coronavirus relief legislation, bringing the total of US funds approved for the crisis to about $3 trillion.