Chevron Corp posted a quarterly net loss on Friday, as the second largest U.S. oil producer took charges of US$5.2 billion due to a collapse in oil prices due to the coronavirus pandemic and as related lockdowns decimated fuel demand.
Investment bank Lazard Ltd on Friday reported an 8per cent fall in second-quarter adjusted earnings per share, a smaller drop than analysts had expected, as the slowdown in corporate dealmaking due to the COVID-19 pandemic weighed.
Sportswear maker Under Armour Inc beat analysts' estimates for quarterly revenue on Friday, as consumers shopped more online during the coronavirus lockdowns, sending its shares up about 8per cent in premarket trading.
Merck & Co Inc reported a 7.6per cent fall in second-quarter sales on Friday as a drop in visits to doctors' offices because of the COVID-19 pandemic hurt sales of several important drugs.
Caterpillar Inc on Friday reported lower second-quarter earnings as a crippling recession sparked by the coronavirus pandemic made customers wary of big purchases, crimping equipment sales.
Thyssenkrupp on Friday said it successfully closed the 17.2 billion euro (US$20.4 billion) sale of its elevator division, leaving the ailing conglomerate with a cash lifeline but robbing it of its best asset.
Chinese start-up SenseTime is considering an initial public offering (IPO) on China's tech-focused STAR market after its latest fundraising that will value the company at US$10 billion, three people with knowledge of the matter said.
Caterpillar Inc on Friday reported lower second-quarter earnings as a crippling recession sparked by the coronavirus pandemic made customers wary of big purchases, crimping equipment sales.
Brazilian lender Banco Bradesco SA plans to have employees work from home an average of one week per month permanently in order to save on rent and sell some real estate, Chief Executive Octavio de Lazari Junior said in an interview.
Chinese government-linked hackers targeted biotech company Moderna Inc, a leading U.S.-based coronavirus vaccine research developer, earlier this year in a bid to steal valuable data, according to a U.S. security official tracking Chinese hacking activity.
