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Baker Hughes Posts Second-Straight Quarterly Loss as Oil Slump Slams Demand
2020-07-22 15:12:50| OGI
Oilfield services provider Baker Hughes Co. posted its second quarterly loss for the year on July 22 and warned it was preparing for longer volatility after a slump in oil prices crushed demand for its services.
Matalan moves to Q1 loss as sales slump
2020-07-21 15:59:00| Daily apparel & textile news and comment - from just-style.com
UK value clothing retailer has moved to a loss in its first-quarter and booked a slump in sales as the closure of its store estate due to Covid-19 hit results.
Halliburton Posts Third Straight Quarterly Loss on Shale Slump
2020-07-20 14:44:15| OGI
Houston, Texas-based Halliburton reported a net loss of $1.7 billion, or $1.91 per share, in the second quarter ended June 30, compared with a profit of $75 million, or 9 cents per share, a year earlier.
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Woodside Petroleum to Take $4.37 Billion Loss from Coronavirus
2020-07-14 14:50:10| OGI
The bulk of the impairment$3.92 billionis tied to Woodside cutting the value of oil and gas production and exploration assets, amid "increased uncertainty" over the development timing of gas fields off Australia and in Canada.
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Levi Strauss to axe 700 corporate jobs amid Q2 loss
2020-07-08 12:57:00| Daily apparel & textile news and comment - from just-style.com
Levi Strauss & Co has outlined plans to slash its corporate workforce in a move expected to generate US$100m in annualised savings as the jeans giant has swung to a loss in the second quarter.
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