Roku Earnings Report

Roku Inc. reported a 58% increase in revenue during the holiday quarter, as the streaming-media service continued to benefit from customers watching more entertainment while stuck at home during the COVID-19 pandemic. “We think the […]

By |2021-02-19T10:03:47-05:00February 19, 2021|Articles|Comments Off on Roku Earnings Report

Boeing Board Shakeup

Boeing Co. said two longtime directors would step down as the aerospace giant’s board undergoes more changes in the wake of the 737 MAX crisis. The Chicago-based plane maker said Wednesday that Susan Schwab and […]

By |2021-02-18T14:04:17-05:00February 18, 2021|Articles|Comments Off on Boeing Board Shakeup

Lyft Shows Signs of Recovery

Ride-hailing company Lyft reported fourth-quarter earnings on Tuesday, surpassing Wall Street’s top- and bottom-line expectations but disappointing when it came to active riders. The company’s stock was up more than 9% in after-hours trading, thanks […]

By |2021-02-10T10:39:50-05:00February 10, 2021|Articles|Comments Off on Lyft Shows Signs of Recovery

Global Chip Shortage to Hurt Ford

A global semiconductor shortage is expected to slash Ford Motor Co.’s vehicle output by up to 20% in the first quarter of this year, illustrating how deeply the fallout from the computer-chip crunch has hit […]

By |2021-02-05T12:09:07-05:00February 5, 2021|Articles|Comments Off on Global Chip Shortage to Hurt Ford

DoorDash IPO

DoorDash, the food delivery provider that is seen a surge in demand during the coronavirus pandemic, sold shares in its IPO at $102 apiece, pricing above its range, according to people familiar with the matter. […]

By |2020-12-09T11:26:47-05:00December 9, 2020|Articles|Comments Off on DoorDash IPO

U.K. Authorizes COVID-19 Vaccine

The U.K. became the first Western nation to grant emergency-use authorization for a Covid-19 vaccine, clearing a shot developed by Pfizer Inc. of the U.S. and BioNTech SE of Germany to be distributed in limited […]

By |2020-12-03T11:02:24-05:00December 3, 2020|Articles|Comments Off on U.K. Authorizes COVID-19 Vaccine

Pfizer Shows Positive Vaccine Data

The drug maker Pfizer announced on Monday that an early analysis of its coronavirus vaccine trial suggested the vaccine was robustly effective in preventing Covid-19, a promising development as the world has waited anxiously for […]

By |2020-11-10T12:14:31-05:00November 10, 2020|Articles|Comments Off on Pfizer Shows Positive Vaccine Data

ESPN to Cut 500 Jobs

Walt Disney Co.’s ESPN is reducing its workforce by about 10% through a combination of layoffs and attrition of employees, including remote workers, according to a person familiar with the matter. The cuts come as […]

By |2020-11-06T10:56:50-05:00November 6, 2020|Articles|Comments Off on ESPN to Cut 500 Jobs

Boeing Has Bleak View for Jet Demand

Boeing is cutting its expectations for new commercial aircraft demand over the next decade, citing what it estimates will be a years-long slump in travel demand because of the coronavirus pandemic. The manufacturer forecast on […]

By |2020-10-07T11:24:41-04:00October 7, 2020|Articles|Comments Off on Boeing Has Bleak View for Jet Demand

Auto Sales on Recovery Path

The U.S. auto sector on Thursday continued to show signs of a recovery from the COVID-19 pandemic as improving demand in the third quarter for new vehicles has General Motors Co. and other major automakers […]

By |2020-10-02T12:32:58-04:00October 2, 2020|Articles|Comments Off on Auto Sales on Recovery Path