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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
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
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
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
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
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
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