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Kellogg Co (K) Q1 2020 Earnings Call Transcript Kellogg Co (NYSE:K) Q1 2020 Earnings Call Apr 30, 2020, 9:30 a.m. ET. Contents: Prepared Remarks; Questions and Answers; Call Participants. Prepared Remarks: Operator. Good morning. Welcome to the Kellogg Company's First Quarter 2020 Earnings ...
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Apple Reports Higher Sales as China Reopens After Coronavirus but Gives No Forecast (Reuters) - Apple Inc reported sales and profits that beat Wall Street expectations Thursday, with Chief Executive Officer Tim Cook saying China sales were "headed in the right direction" as that country reopens from the novel coronavirus. But Cook said it was ...
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Delta joins airlines requiring passengers to wear face masks; is this the new normal? As travelers begin to return to the country's airports, they'll notice the changes meant to prevent the spread of the coronavirus. Wearing face masks will be customary, and even required by some airlines. More airports may use machines to check passengers ...
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Stocks fall as jobless claims top 30 million in six weeks but cap best month since 1987 U.S. stocks fell Thursday as 30 million Americans filed for unemployment benefits over the past six weeks in the wake of the coronavirus pandemic. Major averages, however, still posted their best month in decades on hope about curbing the disease.
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In Silicon Valley, Elon Musk mobilizes tech elites behind reopening society Emboldened by billionaire Elon Musk, a cadre of wealthy tech investors and venture capitalists is pushing for an end to shelter-in-place orders, arguing the harm of the quarantines outweighs the benefits and even equating the measures to forced detention.
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Tech, Business and Consumer Groups Urge Aid to COVID 19-Hit US Postal Service WASHINGTON — More than 1,200 groups ranging from the Package Coalition, whose members include Amazon.com, to small town newspapers sent a letter to congressional leaders on Thursday urging support for the U.S. Postal Service, which was ...
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Boeing set to raise $25 billion in massive debt sale: sources (Reuters) - Boeing Co (BA.N) expects to raise around $25 billion in its bond offering on Thursday, according to people familiar with the matter, a blowout result for the planemaker shoring up its finances during the coronavirus-induced travel downturn.
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Digital Ad Market Is Avoiding Coronavirus Disaster, Say Tech Giants (Reuters) - Reports of the demise of the digital advertising market due to the coronavirus outbreak appear exaggerated as the tech giants dominating the online ads business, Google and Facebook, said this week they saw early signs that the worst could be ...
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Gilead aims to expand remdesivir output for COVID-19, posts flat 1st-quarter results (Reuters) - Gilead Sciences Inc (GILD.O), maker of the experimental coronavirus drug remdesivir, on Thursday said it will work with international partners to expand production of the potential COVID-19 treatment. FILE PHOTO: Gilead Sciences Inc ...
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Consumers Switch To Cheaper, Lighter Beer During COVID-19 Americans' beer drinking habits have drastically changed, and the number one brands are trending cheap and light, according to a research report released this week. A report just released by InMarket, a data marketing company that focuses on consumer, ...
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AWS tops $10 billion in quarterly revenue for the first time Some Amazon Web Services customers, like Slack and Zoom, saw major usage gains in the quarter as companies and schools sent people home to avoid coronavirus. AWS announced a deal with 3M in the quarter. GP: AWS CEO Andrew Jassy 2019 ...
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As Uber drivers get COVID-19, the company offers free virtual health screenings Uber and Ro have created a joint website for telehealth assessments for drivers. Angela Lang/CNET. For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website. Uber is aiming to make it easier for its drivers to figure ...
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New York doctors thank UPMC for helping during COVID-19 crisis NewYork-Presbyterian Hospital is thanking UPMC for providing voluntary telemedicine assistance during the COVID-19 surge in New York City. That thank-you advertisement published in the Post-Gazette Sunday was gratifying to UPMC physicians who ...
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McDonald's Sales Fall as Coronavirus Pandemic Changes Dining Habits McDonald's Corp. said dramatic changes in consumer behavior during the coronavirus pandemic hurt its profit and sales, disruptions that the burger chain expects to continue for months. The Chicago-based company said Thursday that its earnings fell in the ...
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ServiceNow Is More Like Wow! I knew better. Readers who follow me closely know that I have often put ServiceNow (NOW) in the various baskets that I have created for names that might do well as corporate America worked its way through this public health/financial crisis. Just got too cute.
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Las Vegas casinos converted into coronavirus food banks are feeding thousands Three Square food bank is distributing 1.3 million pounds of food to Las Vegas residents in need during COVID-19. Facebook; Twitter; Comments; Print; Email. By Cortney MooreFOXBusiness. close. Former Sen. Dean Heller, R-Nev., discusses the obstacles ...
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Record drop in carbon emissions forecast due to COVID-19. Don't celebrate, experts say This article has Unlimited Access. For more coverage, sign up for our daily coronavirus newsletter. To support our commitment to public service journalism: Subscribe Now. Global carbon dioxide emissions are expected to fall by about 2.6 billion tons this year, ...
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America's Restaurants Start to Open Up, With a Side of Anxiety As states start lifting their lockdown orders, America's burger joints, pizzerias, taquerias and diners find themselves on the reopening economy's front line. Whether they're ready or not. Restaurants are among the first businesses allowed to throw open their ...
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With oil reeling under pandemic, clean energy looks to capitalize WASHINGTON - As a sudden drop in demand decimates the oil industry, international efforts are underway to ride the lull in fossil fuel consumption to expedite the clean up of the world's energy sector. Even as the coronavirus pandemic keeps countries under ...
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British Airways plans to lay off a quarter of pilots - letter Adds details, background. PARIS, April 30 (Reuters) - British Airways is seeking to lay off a quarter of its pilots as it slashes costs to weather the coronavirus crisis, according to a letter sent to their union and seen by Reuters. BA intends to cut 1,130 of its 4,346 ...
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American Air Focuses on US Aid While Rivals Sell Bonds, Equity American Airlines Group Inc. is doubling down on government aid even as rivals expand their funding sources with sales of shares and bonds. The largest carrier based on passenger traffic has been absent amid a recent flurry of activity in debt and equity ...
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Universal pausing construction on Epic Universe theme park in Florida: report Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. The coronavirus is having an epic impact on the theme park industry. Up until recently, construction had continued on Universal Studio's new theme park in Orlando, ...
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Wells Fargo to Stop Granting Home Equity Lines Amid Uncertainty: Sources (Reuters) - Wells Fargo & Co, the largest U.S. mortgage lender, said on Thursday it will temporarily stop accepting applications for home equity loans given the economic uncertainty fueled by the COVID-19 pandemic. The suspension will stay in place until ...
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'Nothing Lasts Forever': The City Mourns Shell's Giant Dividend The unthinkable took another step toward the new normal when Royal Dutch Shell Plc, Britain's most valuable company, reduced its payout to shareholders for the first time since at least the Second World War.
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Coronavirus CT: Unemployment Benefit Details For Self-Employed Here's the state department of labor details on how self-employed residents can apply for federal unemployment benefits due to coronavirus. By Ellyn Santiago, Patch Staff. Apr 30, 2020 1:39 pm ET ...
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Season's last snowpack survey confirms dry winter. California inching toward statewide drought The last Sierra Nevada snowpack measurement of the season on Thursday confirmed what California officials have feared for months: The state has suffered through a dry winter. The state Department of Water Resources announced that the snow was just ...
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Altria's (MO) Q1 Earnings Top Estimates, Guidance Withdrawn Altria Group Inc. (MO - Free Report) released first-quarter 2020 results, wherein both top and bottom lines increased year over year and beat the Zacks Consensus Estimate, backed by strength in both smokeable and oral tobacco product segments. However ...
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Chicken emerges as meat-lovers' savior as pork, beef tighten Covid-19 is ripping through America's heartland and causing shutdowns and slowdowns of plants that process much of the nation's pork and beef. Prices are already surging. Chicken's a different story. It's still fairly cheap. While there have been cuts to ...
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J. Crew preparing for bankruptcy filing: CNBC (Reuters) - Privately held fashion company J. Crew Group Inc is preparing for a bankruptcy filing that could come as soon as this weekend, CNBC reported on Thursday, citing people familiar with the matter. The company is working to secure $400 million in ...
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Texas Transportation Commission votes to approve $3.4 billion in funding for I-35 reconstruction AUSTIN, Texas — The Texas Transportation Commission on Thursday voted to approve $3.4 billion in funding for Interstate 35 construction through Austin. The vote was made 3-1, with Commissioner Alvin New casting the sole no vote. New said he wanted to ...
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HEB extends its 'Texas Proud' pay increases until May 24 amid coronavirus pandemic AUSTIN, Texas — H-E-B has extended its $2-an-hour pay increase for employees until at least May 24, the Texas supermarket chain announced on Thursday. The "Texas Proud Pay" for hourly store, manufacturing, warehouse and transportation workers was ...
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Whirlpool stock gains after company meets sales expectations, touts 'strong liquidity' Whirlpool Corp. WHR, -8.78% shares rose 3% in the extended session Thursday after the appliances maker reported first-quarter sales that met Wall Street expectations and said it enjoyed "strong liquidity" to weather the economic downturn due to the ...
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Bed Bath & Beyond Names New CFO, Replaces Three More Executives Bed Bath & Beyond Inc. named four new executives on Thursday, including a chief financial officer. This marks the latest round of appointments under Chief Executive Office Mark Tritton, who joined the retailer last year from Target Corp. Gustavo Arnal, who ...
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How the pandemic impacted Girl Scout cookie sales MADISON, Wis. — We have all had to make changes to the way we do business, including Girl Scouts. The Girl Scout cookie selling program is about the girls managing their own business. The girls have to keep track of their sales, keep track of their ...
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Tyson pauses production at Dakota City plant SPRINGDALE, ARK. – Tyson Fresh Meats, the beef and pork unit of Tyson Foods, Inc., announced on April 29 that its Dakota City, Neb., beef facility would wind down production and temporarily pause operations May 1 through May 4. The company plans to ...
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OurFamilyWizard Receives Significant Growth Investment From Spectrum Equity MINNEAPOLIS, April 30, 2020 /PRNewswire/ -- OurFamilyWizard, the world's most trusted co-parenting application, announced today that it has received a significant investment from Spectrum Equity, a leading growth equity firm whose investments include ...
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Whoa: Dayton-owned Bachelor Farmer and Marvel Bar have permanently closed In what you could justifiably call the highest-profile closure since COVID-19 shut down Minnesota restaurants and bars, the Dayton-owned Bachelor Farmer and Marvel Bar are gone for good. 0. The news broke Thursday afternoon, in a statement from ...
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Stanley CEO Loree cautiously optimistic as toolmaker enacts $1B cost-reduction program Stanley Black & Decker on Thursday said it's in the middle of a $1-billion cost reduction program that includes company wide layoffs, pay and benefit cuts as well as other spending reductions as the New Britain-based toolmaker faces headwinds from the ...
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Teladoc hikes 2020 guidance after seeing visits double in Q1 Teladoc significantly raised its full-year guidance on Wednesday despite skating underneath Wall Street expectations on earnings for the first quarter. Revenue of $180.8 million, up 41% year over year, was in-line with forecasts. Teladoc upped its revenue ...
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Sheetz will continue to pay workers an additional $3 per hour through June 4 ALTOONA, Pa. — Sheetz announced Thursday that it will extend its extra compensation period for store employees until June 4. In March, the convenience store chain said it would pay its workers an extra $3 per hour until April 23 as compensation for ...
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Worcester Walmart closed after 23 staff test positive for COVID-19 WORCESTER (AP) — A Walmart store in Worcester has been shut down after 23 employees tested positive for COVID-19, the disease caused by the coronavirus. Dr. Michael Hirsh, Worcester's medical director, issued the shutdown order on Wednesday, ...
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Simon Property Group could reopen malls with strict coronavirus measures Simon Property Group, the largest mall owner in the United States, is planning to reopen a number of its properties soon, but with strict coronavirus safety measures, according to multiple reports. The company could reopen 49 malls and outlet centers as soon ...
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Audi e-tron Sportback EV arrives this summer with 218 miles of range Audi announced today that the Sportback version of its e-tron EV will hit dealerships this summer with a starting price of $77,400. The extra few thousand dollars above the existing e-tron SUV brings a sleeker sportback silhouette and a boost to 218 miles of ...
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Quibi leaked user info to advertisers and trackers without permission Nascent short form streamer Quibi shared the email addresses of its users with third-parties without permission, new research has found. According to a report from Zach Edwards of analytics consultancy Victory Medium, the Jeffrey Katzenberg-founded ...
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Sixth JBS Greeley worker dies amid coronavirus outbreak at beef plant A sixth local JBS USA employee died Wednesday amid an outbreak of the novel coronavirus at the Greeley beef plant and during a nationwide debate about worker safety in meat processing facilities. The employee died Wednesday night, Kim Cordova, ...
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Text scams are on the rise, preying on fear from COVID-19 pandemic (VIDEO) By John Lawless. Scam artists seem to be taking advantage of the current public health emergency, preying on fear surrounding the COVID-19 pandemic. Text scams appear to be increasing rapidly, and the RCMP have issued warnings so that people don't ...
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Disturbing video reveals how far COVID-19 can be spread inside an aircraft cabin A video released by Purdue University in the US state of Indiana has revealed how viruses such as COVID-19 can spread through an aircraft cabin. The university studied the movements of pathogens within the air conditioning system of a passenger plane ...
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