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Airlines are racking up billions in debt to get through COVID-19. Can they survive?

Airlines are looking at significantly lower profits for years to come. One analyst said American won't get.....»»

Category: topSource: chicagotribuneMay 12th, 2020

Toyota sees 80% profit drop as virus wipes $14 billion off car sales

Toyota Motor Corp said on Tuesday it expects profit to drop by 80% to its lowest in nine years, as Japan's biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles......»»

Category: topSource: reutersMay 12th, 2020

Toyota expects profit to drop 80% this year as virus saps car sales

Toyota Motor Corp on Tuesday said it expects profit to drop 80% to its lowest in nine years, as Japan's biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles......»»

Category: topSource: reutersMay 12th, 2020

Toyota expects annual operating profit to drop 80% as virus saps car sales

Toyota Motor Corp said on Tuesday it expects to post its lowest annual operating profit in nine years as the automaker grapples with the impact of the novel coronavirus, which has sapped global demand for cars......»»

Category: topSource: reutersMay 12th, 2020

Once a cash cow, Disney theme parks now weigh on profit

As Walt Disney Co.’s cable channels lost subscribers in recent years and the company pumped billions of dollars into new streaming services, theme parks were a steady source of profit......»»

Category: topSource: moneycentralMay 2nd, 2020

Once a cash cow, Disney"s theme parks now weigh on profit

As Walt Disney Co.’s cable channels lost subscribers in recent years and the company pumped billions of dollars into new streaming services, theme parks were a steady source of profit......»»

Category: personnelSource: nytMay 1st, 2020

Once a cash cow, Disney"s theme parks now weigh on profit

As Walt Disney Co.’s cable channels lost subscribers in recent years and the company pumped billions of dollars into new streaming services, theme parks were a steady source of profit......»»

Category: personnelSource: nytMay 1st, 2020

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......»»

Category: topSource: foxnewsApr 28th, 2020

Magic Leap, the much-hyped augmented reality startup that raised billions for its augmented-reality goggles, is cutting staff and shifting its business to enterprise

Getty Magic Leap, the much-hyped smart glasses startup that spent years getting people excited abou.....»»

Category: topSource: businessinsiderApr 22nd, 2020

Lawsuit claims 10 big banks rigged market for "odd-lot" U.S. corporate bonds

Ten of the world's largest banks, including JPMorgan Chase and Bank of America , have been sued for allegedly conspiring over nearly 14 years to rig prices in the $9.6 trillion U.S. corporate bond market, costing ordinary investors billions of dollars......»»

Category: topSource: reutersApr 21st, 2020

Robinhood Says Platform Is Back Online Minutes Before Billions Pour Into To Sell On Close

Robinhood Says Platform Is Back Online Minutes Before Billions Pour Into To Sell On Close.....»»

Category: blogSource: zerohedgeMar 9th, 2020

Cars with fuel-cell technology rick being left in the dust

California drivers enthusiastically signed up for Toyota Mirai and Honda Clarity fuel cell vehicles. Three years later, they're on the fence about the technology......»»

Category: topSource: washpostFeb 28th, 2020

The plug-in electric car is having its moment. But despite false starts, Toyota is still trying to make the fuel cell happen.

California drivers enthusiastically signed up for Toyota Mirai and Honda Clarity fuel cell vehicles. Three years later, they're on the fence about the technology......»»

Category: topSource: washpostFeb 26th, 2020

Investors are pouring billions into US mobile home communities — but residents are feeling trapped by rising rents

  Private equity firms have invested billions of dollars in US mobile home communities in recent years. In these communities, residents own their homes but rent the land beneath it, leaving them little power to fight rent increases and poor main.....»»

Category: topSource: businessinsiderFeb 15th, 2020

Penn Relays lands first presenting sponsor in 25 years

The Tri-State Toyota Dealers Association signed a sponsorship agreement that makes Toyota this year's exclusive presenting sponsor of The Penn Relays. The Penn Relays, which dates back to 1895, has not had a presented sponsor in more than two decad.....»»

Category: topSource: bizjournalsFeb 5th, 2020

Proton-packed Geely takes on Honda and Toyota in Southeast Asia

Li Chunrong was hired by Chinese automaker Geely to revive the fortunes of the Proton brand in Malaysia, and it took him two years to eclipse Japanese giants Honda and Toyota. Now he plans to take the fight across Southeast Asia and beyond......»»

Category: topSource: reutersJan 28th, 2020

Facebook"s years-long fight with the IRS over whether its Ireland office is a scheme to dodge billions in taxes is set to be resolved in February, and may cost the company billions of dollars — but the chances seems low

Reuters Facebook's years-long squabble with the IRS over an alleged scheme to dodge taxes will come to a head in the US Tax Court this February.  Facebook began upping its tactics to dodge taxes in Europe when Sheryl Sandberg .....»»

Category: topSource: businessinsiderJan 27th, 2020

Oil traders made billions in 2019 as conflict shook the market

The world’s largest energy traders enjoyed one of their best ever years in 2019 as pipeline outages, dramatic changes in ship fuel regulations and Middle East conflicts shook up the global oil market. .....»»

Category: topSource: moneycentralJan 27th, 2020

The Margin: Kobe Bryant’s death: Messages of shock and sadness pour in

Kobe Bryant, one of the all-time NBA greats — a legend even before he finally hung it up in 2016 — was reportedly killed in a helicopter crash on Sunday. He was 41 years old......»»

Category: topSource: marketwatchJan 26th, 2020

Microsoft went to court, lobbied Congress and changed the law, all to fight back against an IRS investigation into the billions of tax-free profits it had shifted to Puerto Rico for years (MSFT)

Yana Paskova/Getty Images Microsoft ha.....»»

Category: topSource: businessinsiderJan 23rd, 2020