Financial performance

A passenger waits to check his luggage at Belgrade Nikola Tesla Airport, Serbia, Thursday, May 21, 2020. Serbia's national carrier Air Serbia has resumed commercial flights as the government eased the lockdown against the new coronavirus. Crisis authorities have said the situation in the country has stabilized despite virus clusters in the southern area. (AP Photo/Darko Vojinovic)
May 29, 2020 - 8:00 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus. ________________________ BY LAND AND BY SEA: Passenger traffic has resumed at...
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May 28, 2020 - 5:41 pm
DETROIT (AP) — Tesla confirmed Thursday that CEO Elon Musk will get the first tranche worth nearly $770 million of a stock-based compensation package triggered by the company meeting several financial metrics. The electric car and solar panel maker’s board certified that Musk earned the big payout...
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Shoppers walks past a Nordstrom window display at The Grove shopping center Wednesday, May 27, 2020, in Los Angeles. California moved to further relax its coronavirus restrictions and help the battered economy. Retail stores, including those at shopping malls, can open at 50% capacity. (AP Photo/Marcio Jose Sanchez)
May 28, 2020 - 5:12 pm
NEW YORK (AP) — Upscale department store retailer Nordstrom reported Thursday that its sales plunged nearly 40% in its fiscal first quarter when the pandemic forced a temporary shutdown of its stores. The Seattle-based company, however, said it has improved its financial flexibility by reducing...
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Leah Hu, left, and her brother Leon demonstrate the use of robots for serving purposes or for dirty dishes collection, as part of a tryout of measures to respect social distancing and help curb the spread of the COVID-19 coronavirus, at the family's Royal Palace restaurant in Renesse, south-western Netherlands, Wednesday, May 27, 2020. (AP Photo/Peter Dejong)
May 28, 2020 - 10:15 am
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global response, the work place and the spread of the virus. ________________________ IMMOBILIZED: Job cuts in the transportation...
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A Latam airplane sits parked at the Arturo Merino Benitez airport in Santiago, Chile, Tuesday, May 26, 2020. South America’s biggest carrier is seeking U.S. bankruptcy protection as it grapples with a sharp downturn in air travel sparked by the coronavirus pandemic. (AP Photo/Esteban Felix)
May 26, 2020 - 11:58 am
BANGKOK (AP) — Latam Airlines, South America’s biggest carrier, sought U.S. bankruptcy protection Tuesday as it grapples with a sharp downturn in air travel sparked by the coronavirus pandemic. The Chapter 11 bankruptcy filing underscores the severity of the financial challenges facing the travel...
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A Hertz Car Rental is closed during he coronavirus pandemic on Wednesday, May 6, 2020 in Paramus, N.J. (AP Photo/Ted Shaffrey)
May 22, 2020 - 10:14 pm
Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company's business. The Estero, Florida-based company's lenders were unwilling to grant it another extension on its...
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A doorman wearing a face shield and mask to protect from coronavirus stands outside the main entrance of the Fortnum & Mason department store as customers leave carrying shopping bags in the Piccadilly area of central London, Friday, May 22, 2020. The store reopened its food hall department for customers to enter yesterday as part of a phased reopening as the British government is beginning to relax aspects of its nationwide coronavirus lockdown. (AP Photo/Matt Dunham)
May 22, 2020 - 3:35 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to national and global response, the work place and the spread of the virus. ________________________ SUPPLY DEMANDED: The virus has upended supply chains and...
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FILE - In this March 30, 2020 file photo, bicyclists pass in front of a closed Macy's department store in Santa Ana, Calif. Macy’s warned Thursday, May 21 that it could lose more than a $1 billion during its first quarter after the coronavirus pandemic paralyzed retail operations worldwide. (AP Photo/Chris Carlson)
May 21, 2020 - 4:04 pm
NEW YORK (AP) — Late last year, Best Buy began testing curbside pickup at select stores as a way to respond to customer needs. But that was then. The pandemic accelerated the company's plans and what was supposed to take months instead took just 48 hours, with Best Buy rolling out curbside pickup...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, May 20, 2020. Asian shares were mixed Wednesday as market players waffled between hopes for recovery as economies gradually reopen and worries over the havoc wreaked by the pandemic. (AP Photo/Ahn Young-joon)
May 20, 2020 - 3:50 pm
Stocks closed broadly higher on Wall Street Wednesday, clawing back all of its losses from a day earlier and extending its strong gains for the week. The S&P 500 rose 1.7% as the market bounced back from a sudden drop on Tuesday that snapped the index's three-day winning streak. Crude oil...
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FILE - In this April 6, 2020 file photo, a customer wearing a mask carries his purchases as he leaves a Target store during the coronavirus pandemic, in the Brooklyn borough of New York. Online sales at Target more than doubled as the pandemic put millions in lockdown during the first quarter, revealing further the critical role big box stores played in getting supplies to an immobilized population. The Minneapolis company reported Wednesday, May 20 that comparable-store sales, which include online purchases, rose 10.8% for the three-month period that ended May 2. (AP Photo/Mark Lennihan, File)
May 20, 2020 - 6:18 am
NEW YORK (AP) — Online sales at Target more than doubled as the pandemic put millions in lockdown during the first quarter, revealing further the critical role big box stores played in getting supplies to an immobilized population. The Minneapolis company reported Wednesday that comparable-store...
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