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Chevron Says Profits Jump on Asset Sales, Cuts 2020 Spending Plans Again
2020-05-01 15:21:38| OGI
Chevron Corp. on May 1 delivered a year-over-year 38% increase in profits and slashed its capital spending plans by another $2 billion as the coronavirus pandemic guts global demand for oil and gas.
Tags: sales
jump
plans
spending
Amazon revenues jump in Q1 but profit takes a backseat on covid-19-related expenses
2020-05-01 09:26:00| Telecompaper Headlines
(Telecompaper) Amazon reported revenues up 26 percent from the year before in the first quarter to USD 75.5 billion, beating expectations, but profit came under pressure from higher costs amid the coronavirus pandemic, with the operating profit down to USD 4.0 billion from 4.4 billion and the net profit off at USD 2.5 billion or USD 5.01 per diluted share, from 3.6 billion and 7.09 per share. Operating expenses jumped to USD 71.463 billion from 55.280 billion. Looking ahead, CEO Jeff Bezos told shareholders to "take a seat, because we are not thinking small." Amazon plans to plow its USD 4 billion operating profit back into the company, on covid-19-related expenses, on getting products to customers and on keeping employees safe.
Netflix sign-ups jump during coronavirus lockdowns
2020-04-21 23:45:14| BBC News | Business | UK Edition
The streaming service behind Tiger King added 16 million new subscribers in the first months of the year.
Tags: jump
netflix
signups
coronavirus
Accidental Poisonings Jump
2020-04-21 14:54:00| Happi Breaking News
CDC suspects a link to COVID-19 cleaning.
Tags: jump
accidental
poisonings
Nokia shares jump after report of hostile takeover attempt
2020-04-17 09:34:00| Telecompaper Headlines
(Telecompaper) Nokia declined to comment on a media report saying it was working with an investment bank to defend itself from a hostile takeover, Reuters reports. The company's share price surged over 10 percent following the report from TMT Finance.
Tags: report
jump
attempt
nokia
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