Tag: coronavirus

Posts with tag: coronavirus

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JNJ's $10 Billion Talc Bankruptcy Plan Faces Court Test

Johnson & Johnson faces a critical test on Tuesday over its $10 billion proposal to end litigation alleging that its baby powder caused ovarian cancer.

Apple's iPhone SE Launch: Market Optimism Misplaced, Analyst Says

Apple reportedly set to launch new iPhone SE, eyes Alibaba for AI rollout in China

SelectQuote Reports Q2 Earnings

SelectQuote, Inc. (SLQT) Reports Strong Fiscal Q2 With Net Income of $53.2 Million, Revenue of $481.1 Million. Zacks Investment Research provides a stock report on SLQT at https://www.zacks.com/ap/SLQT.

India removes import duty on components to boost phone manufacturing

India removes import duties on components used in mobile phone production, benefiting local firms and boosting efforts to become a global manufacturing hub.

Diageo Faces Pressure to Lower Sales Goals Amid Industry Downturn

Diageo faces pressure to revise its medium-term sales targets as investors question their achievability amidst industry-wide sales declines. With interim results on February 4th, Finance Chief Nik Jhangiani is expected to address the situation and consider lowering the 5-7% annual growth goal.

Strong Dollar Fuels Record Travel Demand for Major Airlines

A strong dollar benefits US airlines as American travelers head to Europe, where their dollar goes further. United and Delta shares hit all-time highs, while American Airlines stock fell on a weak outlook. The strong dollar is expected to boost summer travel to Europe, and international travel has been on an upswing since 2023.

D.R. Horton Tops Q1 Estimates as New Home Sales Rise Amidst Home Shortage

D.R. Horton beats estimates for revenue and profit in Q1, driven by new home sales boost amid existing home shortage. Shares rise 5% in premarket.