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Highlights: July 31, 2020 - August 7, 2020

Christian Fernsby ▼ | August 10, 2020
Stories that marked last week.
Business people
Last week in business  
Exxon Q2 loss $1.1 billion

ExxonExxon Mobil announced an estimated second quarter 2020 loss of $1.1 billion, or $0.26 per share assuming dilution....

7-Eleven to acquire Speedway in $21 billion cash transaction

Marathon PetroleumMarathon Petroleum announced that it and certain of its subsidiaries have entered into a definitive agreement with 7-Eleven whereby 7-Eleven will acquire Speedway for $21 billion in cash....

HSBC Holdings profit after tax down 69%

HSBC HoldingsHSBC Holdings Reported profit after tax down 69% to $3.1bn and reported profit before tax down 65% to $4.3bn....

Bayer Q2 net loss 9.548 billion euros

BayerBayer Group reported a second quarter net loss of 9.548 billion euros due to special items for litigations compared to net income of 404 million euros, previous year....

BP Q2 loss $16.85 billion

BPBP reported that its second quarter loss attributable to shareholders was $16.85 billion compared to a profit of $1.82 billion in the same quarter last year....

Ralph Lauren Q1 2021 revenue decreased

Ralph LaurenRalph Lauren Corporation Q1 2021 revenue decreased by 66% to $487 million on a reported basis and was down 65% in constant currency, with declines across all regions....

Coca Cola HBC operating profit fell 35.8%

Coca Cola HBCCoca Cola HBC said its performance recovered steadily from April lows as its markets gradually reopened from coronavirus led lockdowns....

BMW loss before interest and taxes $786 million

BMWBMW said it swung to a $786 million loss before interest and taxes in the quarter ending June, down from a 2.2 billion euros operating profit in the year earlier quarter....

Honda sees 68% drop in annual profit

HondaHonda forecast a 68% fall in annual operating profit to a 10 year low....

Australia facing economic carnage from clogged ports

Conti StockholmThe International Transport Workers' Federation (ITF) says Australia is facing economic carnage from clogged ports as a result of rapidly worsening crew change crisis around its coasts, as the crews of two further ships in Western Australia and Victoria refused to keep sailing today in bids for repatriation....

Turkish auto sales rise 387.5% year on year in July

Turkish autoTurkey's passenger car and light commercial vehicle (LCV) sales surged 387.5% year on year in July, according to an industry group....

Siemens Q3 profit 539 million euros

SiemensSiemens on Thursday reported a fall in third quarter profit, and expects the coronavirus pandemic to strongly hit the final quarter of its fiscal year....

Blackstone to acquire DNA collecting company Ancestry for $4.7 billion

AncestryBlackstone announced that private equity funds managed by Blackstone have reached a definitive agreement to acquire Ancestry from Silver Lake, GIC, Spectrum Equity, Permira, and other equity holders for a total enterprise value of $4.7 billion....


 

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