Tagged: Company coverage

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 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 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...

Tyson Foods closed its largest pork processing plant after pressure from local officials that the plant is a hotbed of Covid-19. Ryan J. Foley reported the news for the AP: Tyson Foods suspended operations...

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...

Burger chain Shake Shack will return the $10-million loan it was granted under the Paycheck Protection Program. Aakriti Bhalla reported the news for Reuters: Shake Shack Inc (SHAK.N) will return the small business loan...

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...

Smithfield said it will shut down a pork processing plant for the observable future amid a Covid-19 outbreak among workers and warned the U.S. may be coming close to grocery shortages. Tom Polansek reported...

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...

Airbnb has raised $1 billion in debt and equity from private equity investors to weather the coronavirus storm. Deirdre Bosa and Laura Batchelor reported the news for CNBC: Airbnb is raising $1 billion, even...