Tagged: Company coverage

Tesla surprises market with Q1 profit

As the auto industry reels from the blow it suffered from the Covid-19 pandemic, Tesla reported a profit for the first quarter. Lauren Feiner and Lora Kolodny reported the news for CNBC: Tesla shares...

Ford warns of $5-bln loss for Q2

Ford has warned it will book a loss of $5 billion for the current quarter because of the coronavirus crisis. Ben Klayman and Nick Carey reported the news for Reuters: Ford Motor Co (F.N)...

Diamond Offshore files for bankruptcy

Diamond Offshore Drilling has become the latest oil company to seek bankruptcy protection amid havoc on oil markets. David Wethe and Jeremy Hill had the news for Bloomberg: Diamond Offshore Drilling Inc., the rig...

Netflix adds 16 million subscribers

Netflix added 16 million new subscribers in the first quarter, with the total now at almost 183 million. Lisa Richwine and Akanksha Rana reported the news for Reuters: Netflix Inc (NFLX.O) more than doubled...

Apple unveils affordable iPhone

Apple has launched a new iPhone that starts with a price tag of $399. Stephen Nellis reported the news for Reuters: Apple Inc (AAPL.O) on Wednesday released a smaller iPhone priced at $399, cutting...

Tesla cuts salaries, furloughs workers

Tesla has told employees it would cut salaries by 10-30% and furlough workers as Covid-19 cripples demand for cars. Tina Bellon reported the news for Reuters: Tesla Inc (TSLA.O) told employees on Tuesday it...