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17 Jan, 2021
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Chargers make massive commitment to Joey Bosa during strange times
Repeat bone density tests might not be needed, study finds
Pandemic pummels GE second-quarter earnings; shares sink 5%

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Category: Business

Pandemic pummels GE second-quarter earnings; shares sink 5%

August 9, 2020August 3, 2020 patestirelandcom

General Electric Co (GE.N) saw less cash outflow than estimated in the second quarter, even as the coronavirus pandemic pummeled demand in its aviation business, resulting in a wider-than-expected quarterly loss. The Boston-based industrial conglomerate reported cash outflow of $2.1 Read more

Business

CME profits fall as low rate environment hits hedging demand

August 8, 2020August 3, 2020 patestirelandcom

CME Group (CME.O), the world’s biggest futures exchange operator, on Wednesday said its quarterly profit fell as steps taken by the U.S. government to ease the economic impact of the coronavirus pandemic curbed hedging demand for some of its top Read more

Business

AerCap cancels 15 MAX jets, urges Airbus and Boeing output cuts

August 7, 2020August 3, 2020 patestirelandcom

Leasing giant AerCap (AER.N) said on Wednesday it had cancelled 15 orders for the grounded Boeing (BA.N) 737 MAX aircraft as it slows the pace of new plane deliveries to weather the coronavirus crisis. Announcing the cancellations – which leave Read more

Business

GSK profit misses as vaccine sales disappoint, stockpiling eases

August 6, 2020August 3, 2020 patestirelandcom

Britain’s GSK (GSK.L) on Wednesday missed second-quarter profit estimates following reduced sales of its existing vaccines and as patients used up treatments stockpiled during coronavirus lockdowns that have eased. The world’s largest vaccine maker also surprised the market with the Read more

Business

Prada flags recovery in Asia after virus hits first-half sales

August 5, 2020August 3, 2020 patestirelandcom

Italian fashion group Prada (1913.HK) said on Wednesday sales had recovered sharply in Asia since June after the fallout from the coronavirus pandemic triggered a 40% decline for comparable revenues globally in the first half of the year. The revenue Read more

Business

‘Back from the brink’ Deutsche Bank improves outlook

August 4, 2020August 3, 2020 patestirelandcom

Deutsche Bank (DBKGn.DE) on Wednesday gave a slightly improved outlook for the year after a better performance in investment banking curbed a second-quarter loss and boosted shares on Wednesday. The German bank is undergoing a major restructuring, which it began Read more

Business

Rolls-Royce plans $1.9 billion share issue to bolster finances, sources say

August 3, 2020August 3, 2020 patestirelandcom

Rolls-Royce (RR.L) is planning a share issue to raise up to 1.5 billion pounds ($1.9 billion) to plug a capital shortfall as a slow recovery in demand for air travel threatens the aviation industry, four sources said. The British aerospace Read more

Business

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  • Chargers make massive commitment to Joey Bosa during strange times
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  • Pandemic pummels GE second-quarter earnings; shares sink 5%
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  • Victoria Beckham cuts staff at fashion label to go ‘back to basics’

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