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by Swissquote Analysts
All FAW-Volkswagen Automobile Co. production sites have recommenced operations following closure due to the coronavirus epidemic, the company said. Production for most of the SAIC joint venture has restarted with two sites still preparing to come back online. All Volkswagen Group China and...
25.02.2020
Coca-Cola Co. warned that the coronavirus epidemic in China will clip its first-quarter sales and earnings, but the beverage giant is standing by its full-year 2020 forecasts. The Atlanta company said it currently expects the Covid-19 epidemic will reduce its quarterly per-share earnings by one...
24.02.2020
Allianz SE said Friday that fourth-quarter net profit rose, and increased its dividend for 2019. The German insurer said net profit was 1.86 billion euros ($2.01 billion), up from EUR1.7 billion a year earlier and beating analysts' forecasts of EUR1.68 billion, according to a consensus estimate...
21.02.2020
The Board of Directors of UBS Group AG announced today it has named Ralph Hamers as its new Group Chief Executive Officer and President of the Executive Board of UBS AG, effective 1 November 2020. Hamers currently serves as CEO of ING Group. UBS Group AG Board Chairman Axel A. Weber said, "Ralph...
20.02.2020
Walmart Inc. reported sluggish holidays sales despite continued online gains, adding to a string of disappointments from traditional retailers as they adjust to changing shopping habits. Walmart said U.S. comparable sales, those from stores and digital channels operating for at least 12 months,...
19.02.2020
Apple Inc. became the first major U.S. company to say it won't meet its revenue projections for the current quarter due to the coronavirus outbreak, which it said had limited iPhone production for world-wide sales and curtailed demand for its products in China. The tech giant had last month...
18.02.2020
A jury ruled against Bayer AG and BASF SE in a crop-damage case, awarding $265 million to a Missouri peach farmer who claimed the companies encouraged farmers to irresponsibly spray a hard-to-control weedkiller. Peach farmer Bill Bader sued the pesticide-and-seed makers after he said thousands...
17.02.2020
Airbus said Thursday that it swung to a loss in 2019 and set new targets for 2020. Airbus (AIR.FR) said its full-year net loss was 1.36 billion euros ($1.48 billion) compared with a net profit of EUR3.05 billion in 2018. The company was hit by EUR3.6 billion in penalties related to a corruption...
14.02.2020
Cisco Systems Inc. said revenue moved lower in its latest quarter and warned of weaker growth ahead. The networking-equipment giant on Wednesday said it expects revenue to drop between 1.5% and 3.5% in its current quarter. Such a decline would come on top of a 3.5% year-over-year drop in revenue...
13.02.2020
An unexpectedly sharp fall in profit prompted Daimler AG to cut its shareholder dividend by a third as the luxury car maker battles slumping demand, the escalating cost of a fundamental shift to electric vehicles and charges related to emissions-cheating probes. The maker of Mercedes-Benz said...
12.02.2020
 
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