Norwegian Cruise Line warned on Tuesday that it may have to seek bankruptcy protection, saying there’s “substantial doubt” about its ability to continue as a “going concern” as the coronavirus pandemic wreaks havoc on the industry. Shares of the company fell…
Month: May 2020
Heres what you need to know: Hertz gets a reprieve from its lenders as it faces a potential bankruptcy. Hertz, the century-old car rental company, narrowly averted an impending crisis Monday after successfully negotiating with its lenders over a missed paym…
The FDA action came after the agency was criticized for a March 16 policy that allowed commercial test makers to sell antibody tests after validating their own data and notifying the FDA. The result, some testing experts said, was a flood of products of dubio…
Pharmaceutical companies continue to make headlines as governments and investors hang their hopes on a steady recovery from the Covid-19 pandemic. Gilead Sciences CEO Daniel O’Day said Sunday the company would be donating its entire supply of remdesivir to tr…
(Reuters) – Roche (ROG.S) has won emergency approval from the U.S. Food and Drug Administration (FDA) for an antibody test to determine whether people have ever been infected with the coronavirus, the Swiss drugmaker said here on Sunday. Thomas Schinecker, …
Finding a good stock can be a challenge these days, especially with many businesses struggling due to the COVID-19 pandemic. But if you’re looking for a solid long-term investment, it’s hard to go wrong with one of the stocks that Warren Buffett’s Berkshire H…
Warren Buffetts Berkshire Hathaway Inc. swung to a first-quarter loss as the selloff in markets hit the companys vast investments, though the companys operating earnings rose in the quarter. Berkshires earnings are especially volatile due to an accounting r…
A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. (CNN)While there have been a lot of stories this week about working conditions for meat processors and a genuine threat to the food supply cha…
America’s mounting meat crisis has been laid bare in pictures showing empty store shelves across the country after processing plants were forced to slow production or close amid outbreaks of coronavirus. Two dozen meat processing plants across America have…
Take a look at some of the biggest movers in the premarket: Exxon Mobil (XOM) Exxon posted a GAAP loss of 14 cents per share, and a non-GAAP profit of 53 cents per share. The consensus estimate was for a breakeven quarter. The company announced a 30% cut in …