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See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

However, the company’s profit fell in the quarter ended Dec. 31, hurt by higher costs at its health insurance unit......»»

A Covid-fueled boom in home sales, declining costs for big TVs and a revolution in entertainment are all combining to cement at-home viewing habits.  .....»»

San Francisco banking giant Wells Fargo & Co. has sold off its $10 billion private student loan portfolio as it looks to shed costs amid a directive under CEO Charlie Scharf to cut billions of dollars in expenses and retrench the lender into its .....»»

Travel group TUI will cut 8,000 jobs and look to shed 30% of its costs as it gears up for a July restart to European tourism, the German company said on Wednesday......»»

Nissan Motor Co plans to cut $2.8 billion in annual fixed costs as part of its restructuring plan, Bloomberg News reported on Wednesday, as it braces for a drop in sales that could complicate its recovery from years of poor profitability......»»

How much did Buffett lose when he sold Berkshire's airline holdings?Check out Warren Buffett Stock Picks » Download GuruFolio Report of Warren Buffett (Updated on 05/04/2020)Related Stocks: DAL, LUV, BRK.A, BRK.B,.....»»

Tyson Foods Inc said on Monday it would temporarily close plants as needed in the battle with the coronavirus outbreak and expects meat sales to fall in the second half of this year as shutdowns hammer restaurants and other food outlets......»»

The online retail giant posted massive first-quarter revenue growth with holiday-like buying offsetting challenges it had stocking household staples......»»

Amazon’s sales surged amid the coronavirus, but costs related to the pandemic ate away at the online retailer’s profits, the company told investors Thursday......»»

The online retail giant posts massive first-quarter revenue growth with holiday-like buying offsetting challenges it had stocking household staples......»»

British clothing retailer Next has shored up its finances to help get it through the coronavirus crisis by selling property, suspending share buybacks and dividends and cutting costs after first-quarter sales fell 41%......»»

WPP , the world's biggest advertising company, said net sales fell 3.3% in the first quarter, with the impact of the COVID-19 pandemic dragging it down by 7.9% in March alone, prompting it to cut more costs......»»

The S&P 500 and Nasdaq erased early gains on Tuesday as a plunge in consumer confidence underlined the extent of the economic damage from the coronavirus pandemic, while healthcare stocks slumped after a sales warning from Merck......»»

Merck & Co Inc said on Tuesday.....»»

3M, Merck and Pfizer all topped sales and profit estimates, while revenue slumped at heavy-equipment maker Caterpillar......»»

3M, Merck and Pfizer all topped sales and profit estimates, while revenue slumped at heavy-equipment maker Caterpillar......»»

Merck & Co Inc warned of a $2.1 billion hit to its 2020 revenue on Tuesday as social distancing due to the COVID-19 pandemic is expected to hammer sales of medically administered drugs including its blockbuster Keytruda treatment......»»

Shares of Merck & Co. Inc. rose 1% in premarket trading Tuesday, after the drug giant reported first-quarter profit and sales that beat expectations, but provided a downbeat full-year outlook. Net income rose to $3.22 billio.....»»

Merck & Co Inc on Tuesday posted a 10.4% rise in first-quarter profit, helped by strong sales of cancer therapy Keytruda, but the drugmaker lowered its 2020 profit forecast due to uncertainty from the COVID-19 pandemic......»»