Comcast's broadband growth overshadows pandemic hit
Comcast's video losses in the second quarter were better than expected. The company shed 477,000 video customers, fewer than the 513,000 estimated by FactSet.
Kraft Heinz records $2.9B in 2Q write-downs but coronavirus pandemic boosts sales
Kraft Heinz Co. wrote down the value of its Oscar Mayer cold cuts and Maxwell House coffee brands, and several other businesses, reflecting challenges for the food maker despite sales that have been higher of late due to the Covid-19 pandemic.
Homebound shoppers fuel record UPS growth during coronavirus
The company’s U.S. domestic service saw average daily volume grow by a record 23 percent to 21.1 million packages per day.
Kellogg raises annual profit forecast as coronavirus boosts demand for Fruit Loops, waffle mixes
Cereal maker Kellogg Co raised its full year sales and profit forecast on Thursday, buoyed by rising demand for its Corn Flakes, Fruit Loops and waffle mixes among consumers stuck at home due to the COVID-19 pandemic.
Boaters marooned by coronavirus sap Brunswick's summer inventory
Brunswick said COVID-19 resulted in boat stockpiles falling 34 percent to their lowest level in almost 20 years
Dunkin Brands weathers coronavirus, reinstates dividend
Comparable sales have shown improvement every week of this month, reaching the low single digits by July 25.
Stock futures fall ahead of sobering economic reports
GDP, jobless claims and tech earnings are on tap
Qualcomm signs patent licensing deal with Huawei
The global licensing agreement grants Huawei back rights to some of the San Diego-based tech company’s patents.
Tech leads stocks higher as CEOs testify and Fed keeps rates near zero
Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai defended their businesses at an antitrust hearing.
GE hammered by steep declines in jet-engine business
The aviation business, once a profit engine for GE, swung to a loss in the June quarter as both revenue and orders plunged. The unit produces engines for Boeing Co. and Airbus SE planes but has had to cut production and jobs as airlines delay orders.
Wingstop's earnings soar on digital orders in coronavirus
Wingstop said it earned 39 cents a share, more than double the figure in the year-ago period, on revenue that rose 36 percent year over year, to $66.1 million.
General Motors steers to loss as coronavirus shuts dealerships and factories
General Motors lost $758 million in the second quarter as revenue fell 53 percent from a year ago.
Boeing slashes production as coronavirus batters airline customers
Sales in the commercial airplanes business, Boeing's largest, sank 65 percent to $1.8 billion as the planemaker delivered just 20 aircraft, less than a third of the total a year earlier.
Blue Apron turns profit as more Americans cook at home during coronavirus pandemic
Blue Apron added 20,000 customers during the three months through June, helping increase the order count by 389,000.
'Back from the brink' Deutsche Bank improves outlook
In the second quarter, investment bank revenues rose 46%
Stock futures trading carefully ahead of tech hearing, Fed decision
Traders will be watching earnings, tech and the Fed
Starbucks coronavirus recovery begins as most stores reopen globally
Shares of Starbucks have surged more than 5 percent in after-hours trading as 97 percent of its company-operated stores around the world have reopened, including 99 percent of stores in China and 96 percent in the United States.
Dow falls 200 points as coronavirus dents quarterly results and relief bill stalls
Coronavirus relief negotiations with House Democrats, who passed a larger relief bill months earlier and criticized the GOP plan as insufficient, are ongoing.
McDonald's to close 200 US stores, majority of which are inside Walmart locations
McDonald's expects to permanently close 200 of its U.S. locations this year, over half of which are located within Walmart stores where sales have fallen.
Raytheon defense business drives quarterly profit beat
Raytheon said it achieved a record backlog of $73.1 billion from its defense business in the second quarter, pointing to strong demand from the U.S. government and international customers.