Coronavirus hurts Starbucks sales as coffee giant eyes reopening
US same-store sales dropped 3 percent as the pandemic limited store operations.
Stock rally takes breather ahead of Starbucks, Google earnings
Starbucks, Ford, Google set to report results Tuesday after the bell.
UPS slashes spending, halts stock buybacks
UPS has spent billions of dollars in recent years to upgrade its delivery network with more sortation capacity and automated facilities so that it can handle delivery surges, like during the holiday season.
3M to cut costs as business cools beyond masks
3M has ramped up production of N95 masks, so-called because they block 95% of very small particles including those containing the virus.
Pfizer sales slide as coronavirus curbs doctor visits
The drugmaker cited fewer in-person meetings with subscribers and restrictions on patient movements due to shelter-in-place policies that weighed on the company's overall sales.
D.R. Horton profit, sales rise as coronavirus pandemic hits housing
D.R. Horton Inc. said Tuesday that profit and sales rose in the latest quarter, but home orders were slowing and cancellations were growing due to the coronavirus pandemic.
Harley-Davidson overhauling strategy as coronavirus drains income
Harley-Davidson reduced its quarterly payout to 2 cents a share from 38 cents.
Caterpillar sales slide 21% amid coronavirus fallout
Caterpillar has withdrawn its full-year performance targets and didn't provide an update on Tuesday.
Pepsi loses fizz as coronavirus hits restaurant customers
The soft-drink maker scrapped its 2020 earnings forecast amid confusion about how the pandemic will affect sales.
Southwest Airlines loses $94 million as coronavirus snarls flights
Southwest Airline lost $94 million in the first quarter as COVID-19 zapped travel demand.
BP hikes debt, keeps dividend as coronavirus hammers profits
BP expects significantly lower refining margins in the second quarter
Dow, S&P jump as states begin coronavirus reboot
Georgia, Oklahoma and South Carolina have begun the reopening process.
Tesla to reveal coronavirus impact as US factory gears up for reopening
Wall Street analysts say investors will be focused on 2020 delivery guidance and cash burn when the company reports its first-quarter results.
Deutsche Bank hints at loan defaults among customers as profit falls from last year
The bank will release full details of its earnings results on Wednesday as scheduled.
Coronavirus forces Adidas to miss forecasts with 93% profit plunge, warn on sales
Adidas reported a 93% plunge in first-quarter profit and sales off 19%, missing forecasts, as lockdowns forced the German sportswear maker and other retailers to close stores.
Stocks rally as Trump signs $484B small-business relief bill
Small businesses will be getting a fresh cash infusion.
Freeport-McMoRan plans cost cuts after coronavirus loss
The company said it plans to cut $800 million, or about 30%, of its planned capital expenditures for the year.
Verizon’s wireless business slowed by coronavirus
Verizon reported a slight drop in wireless subscribers as gains in business accounts were offset by a steep decline in new consumer accounts.
Coronavirus to slash stock dividend payments by 28%
Stay-at-home orders given by governors to slow the spread of COVID-19 will reduce second-quarter gross domestic product by at least 30 percent annualized.
American Express profit sinks 76%
American Express' first-quarter profit plunged 76 percent from a year ago as the financial-services provider set aside $2.6 billion for losses.