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A Tyson Fresh Meats plant employee leaves the plant on Thursday, April 23, 2020, in Logansport, Indiana. Darron Cummings | AP Tyson Foods on Monday reported that its fiscal second-quarter net income fell 15% from a year ago, as production disruptions weighed on its results.  The company also said that it has secured a $1.5 billion
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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 treat coronavirus patients. Roche Chairman Christoph Franz said the drugmaker will invest more than $437 million in a
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The coronavirus pandemic has overturned most aspects of daily life, not least the way we work. For many, that has brought with it a period of great uncertainty and possible job insecurity. But for aspiring entrepreneurs, it has also created a window of opportunity, according to the author of bestselling business book The Lean Startup.
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Amazon reported its first-quarter earnings after the bell on Thursday, revealing the pandemic’s impact on the business that has been a rare bright spot on the stock market. The stock fell about 5% after hours after missing estimates on earnings while beating revenue expectations. Here’s what Amazon reported: Earnings per share (EPS): $5.01 Revenue: $75.45 billion
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With thousands of store closures in the last three years and petitions against Subway from its franchise owners, the fast-food chain with the most locations globally seems to be on the rocks. We unpack what’s going on and where Subway’s headed from here. MORE FAST FOOD CONTENT: Animated Map Shows Where Your Favorite Coffee Actually
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FT political correspondent Laura Hughes runs through the key issues. Boris Johnson and Jeremy Corbyn have radically different visions for the UK. What are their policies on Brexit, the economy and the NHS? And what will it mean for the country? ► Check out our Community tab for more stories on the economy. ► Listen
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Warren Buffett Gerry Miller | CNBC Warren Buffett said Saturday he is optimistic that the U.S. economy will re-emerge even after being dealt a body blow by the coronavirus pandemic.  “Nothing can basically stop America,” said Buffett, chairman and CEO of Berkshire Hathaway, from the conglomerate’s first virtual shareholder’s meeting from Omaha, Nebraska. “The American
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Donated food and supplies from TSA workers for airport workers who are on reduced hours and/or paychecks, April 30, 2020. Source: TSA The steep decline in air travel caused by the Covid-19 pandemic has triggered layoffs, furloughs and shortened work hours for airport employees and contract workers ranging from wheelchair attendants and baggage handlers to
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Warren Buffett Gerard Miller | CNBC (Follow live updates of Berkshire’s annual meeting here.) Warren Buffett said Saturday that Berkshire Hathaway is still sitting on its massive cash hoard because the conglomerate hasn’t found a company to buy at an attractive price.  “We have not done anything, because we don’t see anything that attractive to
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Family Dollar Store, anti-bacterial wipes and cleaning products. Jeff Greenberg | Getty Images Clorox on Friday reported that its fiscal-third quarter sales climbed 15% as consumer demand for its cleaning products soared in response to the coronavirus pandemic. Shares of the company rose 3% in premarket trading. Here’s what the company reported for the quarter
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Luxury cousins to the mushroom, truffles are an indulgent food enjoyed across the world. But these fragrant fungi will cost you. For more, visit: https://www.englishtruffles.co.uk/ —————————————————— #Truffles #SoExpensive #BusinessInsider Business Insider tells you all you need to know about business, finance, tech, retail, and more. Visit us at: https://www.businessinsider.com Subscribe: https://www.youtube.com/user/businessinsider BI on Facebook: https://read.bi/2xOcEcj
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Reaction Engines’s innovative Sabre system promises to power a space plane from earth to orbit and back again ► Subscribe to FT.com here: http://on.ft.com/2eZZoLI ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
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