Coronavirus buffets Air France as 2019 profits dive
French-Dutch airline Air France-KLM said Thursday the coronavirus has blown a large hole in 2020 earnings to date while separately unveiling lower profits for 2019.
Feb 20, 2020
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Business
News tagged with financial performance
Business
Researchers say they can predict weekly stock performance from media news reports
Researchers from VTB and HSE University-St Petersburg have come up with an algorithm for predicting stock price fluctuations in the Russian market by analyzing financial news. By making financial projections for next week ...
Apr 3, 2023
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Business
Elon Musk says he's terminating Twitter deal, board to fight
Elon Musk announced he will walk away from his tumultuous $44 billion offer to buy Twitter, leaving the deal on the verge of collapse. The Tesla CEO sent a letter to Twitter's board Friday saying he is terminating the acquisition.
Jul 9, 2022
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Engineering
Are urban railways in Tokyo on the right track? Researchers from Japan attempt to answer
Most large cities in the world have adopted some or many forms of urban railway transportation; they are a tried-and-tested way of efficiently and reliably taking passengers where they need to be. Trains in the Tokyo Metropolitan ...
Mar 2, 2022
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Business
Taiwan chipmaker TSMC says quarterly profit up 78%
Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, said Thursday its quarterly profit rose 78% over a year earlier but forecast weak demand this ...
Jan 12, 2023
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Internet
Facebook is losing users for the first time ever and shares in Meta have fallen off a cliff
Feb. 4—A day after Facebook reported that its streak of user growth had come to an end, its parent company's stock plunged more than 26% in a staggering loss that obliterated more than $230 billion in market value and triggered ...
Feb 4, 2022
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Business
Ex-Google self-driving car project picks up new investors
Google's former autonomous vehicle project is becoming a more autonomous business by bringing it in its first investors besides its corporate parent.
Mar 3, 2020
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Consumer & Gadgets
Amazon starts annual hunt for costs to cut, rounding out rough year
Amazon is starting a cost-cutting review, part of an annual process that this year will involve the same macroeconomic factors that have led the company to freeze hiring and cut several projects.
Nov 11, 2022
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Business
AirAsia's future in doubt due to virus; share price tumbles
The future of top regional budget carrier AirAsia is in "significant doubt" after the collapse in travel demand caused by coronavirus, its auditor warned, sending the airline's share price tumbling nearly 18 percent on Wednesday.
Jul 8, 2020
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Business
Apple temporarily closes stores in China amid virus outbreak
Apple is temporarily closing its 42 stores in mainland China, one of its largest markets, as a new virus spreads rapidly and the death toll there rose to 259 on Saturday.
Feb 1, 2020
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