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Highlights: May 18, 2020 - May 23, 2020

Christian Fernsby ▼ | May 25, 2020
The most interesting stories that marked last week.
What happened last week
What happened last week  
Panasonic reports 29% drop in annual operating profit

PanasonicPanasonic reported a 28.6% drop in annual operating profit and did not issue an earnings forecast for the current year due to uncertainty about the impact of the coronavirus....

SoftBank Group reports record $8.9 billion losses

SoftBankSoftBank Group on Monday reported record losses....

Consolidated Water Q1 revenue increased 22%

Consolidated WaterConsolidated Water reported results for the first quarter ended March 31, 2020....

U.S. Fed chair Powell says Q2 GDP could shrink more than 30 percent

Jerome PowellU.S. Federal Reserve Chairman Jerome Powell said in an interview with CBS News that the U.S. economy could shrink more than 30 percent in the second quarter....

France, Germany announce unprecedented 500 billion euros EU recovery fund

Angela MerkelFrance and Germany on Monday jointly proposed that the European Commission borrow money on capital markets in the European Union's (EU) name and create a 500 billion euros (546 billion U.S. dollars) recovery fund to help the coronavirus-battered European economies and regions....

Sharp net profit drops over 70 percent

SharpSharp Corp. said Tuesday its net profit in fiscal 2019 had tumbled 71.8 percent from a year earlier to 20.96 billion yen (194.65 million U.S. dollars), owing to the adverse effects of the global coronavirus pandemic....

Loan agreed for $235 million Paraguay road projects

Paraguay roadA loan from the Inter-American Development Bank (IADB) has been approved, which will pay for road projects in Paraguay....

Russia's foreign trade surplus falls 38% in March

Russia airlineRussia's foreign trade surplus fell by 38% to U.S. $10.479 billion in March, the Federal Customs Service said Wednesday....

Palo Alto Networks Q3 revenue up 20%

Palo Alto NetworksPalo Alto Networks announced financial results for its fiscal third quarter 2020, ended April 30, 2020....

G. Willi-Food International Q1 sales up 32.0%

G. Willi-Food InternationalG. Willi-Food International announced its unaudited financial results for the first quarter ended March 31, 2020....

Hormel Foods Q2 record net sales $2.4 billion

Hormel FoodsHormel Foods Corporation reported results for the second quarter of fiscal 2020....

Newly built homes make up largest share of market since at least 2012 in U.S.

U.S. homesThe number of newly built homes on the market fell just 10.5% year over year in April, the smallest decline in 2020 to date, while the supply of existing homes plunged 24%....

Foot Locker Q1 sales decreased 43.4 percent

Foot LockerFoot Locker reported a first quarter non-GAAP loss per share of $0.67, compared to non-GAAP profit of $1.53 per share, last year....


 

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