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Neiman Marcus, symbol of American luxury, files for bankruptcy

Luxury retail chain Neiman Marcus filed for bankruptcy Thursday, making it the…

Brazilian beer company Ambev earns more than $190M in the first quarter, 59% less

Brazilian brewer Ambev posted a net attributable profit of 1,091 million reais…

General Motors negotiates loan to increase liquidity

General Motors Co. is in talks with banks to raise a new…

Mexican car sales drop 64.5%; it’s the worst April since 1995

During the month of April, only 34,903 cars were sold in Mexico,…

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The Latest

Pandora jewelry stores lose 3.2 million euros in the first quarter due to the impact of the coronavirus

The Danish jewelry chain Pandora registered a net loss of 24 million…

Carnival could resume some cruises in August after facing coronavirus strike

Carnival Corp said Monday that it plans to restart some of its…

Big Mac in the distance: McDonald’s tests a coronavirus-proof restaurant

Big Macs delivered in food carts, hand sanitizer at the entrance and…

Kraft Heinz earns $378 million between January and March, down 6.7%

US food products maker Kraft Heinz posted net attributable profit of $378…

Apple boosts sales due to China reopening, but does not make second quarter forecasts

Apple Inc. reported sales and earnings that exceeded Wall Street expectations on…

Shell cuts dividend for the first time since World War II

The Royal Dutch Shell oil company cut its dividend on Thursday for…

  • industrytrend
  • Posted on April 30, 2020April 30, 2020
  • 2 minute read

McDonald’s quarterly earnings fall 16.7% amid global confinement by coronavirus

On Thursday, McDonald’s Corp reported a drop of 16.7% in its quarterly…

  • industrytrend
  • Posted on April 30, 2020April 30, 2020
  • 1 minute read

BP increases its debt and maintains dividend after suffering the impact of the virus on profits

BP’s first-quarter earnings fell by two-thirds and its debt rose to its…

  • industrytrend
  • Posted on April 29, 2020April 30, 2020
  • 1 minute read

Aeroméxico announces progressive resumption of its international flights

Mexico’s main airline, Aeroméxico, announced the resumption of some flights to Asia,…

  • industrytrend
  • Posted on April 29, 2020April 30, 2020
  • 1 minute read

Coronavirus: Apple to delay mass production of iPhones as global demand falls

Apple Inc will delay production of the iPhone, by at least a…

  • industrytrend
  • Posted on April 27, 2020April 27, 2020
  • 1 minute read

GM suspends payment of dividend and repurchase of shares due to damages due to coronavirus

General Motors (GM) announced on Monday the suspension of both the quarterly…

  • industrytrend
  • Posted on April 27, 2020April 27, 2020
  • 2 minute read

Facebook enters videoconferencing competition with Messenger Rooms

Facebook Inc introduced a video conferencing tool and expanded its live streaming…

  • industrytrend
  • Posted on April 24, 2020April 24, 2020
  • 2 minute read

Toyota to gradually resume North American production starting May 4

Toyota Motor Corp said Thursday that it hopes to gradually resume production…

  • industrytrend
  • Posted on April 23, 2020April 23, 2020
  • 1 minute read
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