Financial performance

FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett will hold a drastically scaled-back version of Berkshire Hathaway's annual meeting on Saturday, May 2, 2020, because of the coronavirus outbreak. No shareholders will be allowed at this year's online meeting, but Buffett will still offer some commentary during a brief question-and-answer session at the event. (AP Photo/Nati Harnik, File)
Associated Press
May 02, 2020 - 9:25 pm
OMAHA, Neb. (AP) — Billionaire investor Warren Buffett doesn't know how or when the economy will recover from the coronavirus outbreak shutdown, but he remains optimistic in the long-term future of the United States. Buffett said Saturday at Berkshire Hathaway's online annual meeting that there's...
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A sign for a McDonald's
Bruce Bennett/Getty Images
Associated Press
April 30, 2020 - 7:01 am
Most McDonald’s restaurants in the U.S. and China are now open for drive-thru and delivery, but global lockdown orders still took a bite out of the company’s first quarter sales. McDonald’s said Thursday its sales fell 6% to $4.71 billion in the January-March period. Declines have persisted in...
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FILE - This Thursday, March 19, 2020 file photo shows a closed Starbucks coffee shop in the Brooklyn borough of New York, during the COVID-19 coronavirus outbreak. On Tuesday, April 28, 2020, the company said that its global sales plunged in the first three months of the year as coronavirus-related shutdowns crippled its global operations. (AP Photo/Mark Lennihan)
Associated Press
April 28, 2020 - 6:52 pm
Starbucks said Tuesday that its global sales tumbled in the first three months of the year as coronavirus-related shutdowns gripped its operations. The Seattle-based coffee giant said conditions will likely worsen in the current quarter before moderating later this summer, and its recovery will...
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FILE - In this April 2, 2020 file photo, "For Sale By Owner" and "Closed Due to Virus" signs are displayed in the window of a store in Grosse Pointe Woods, Mich. Business filings under Chapter 11 of the federal bankruptcy law rose sharply in March, and attorneys who work with struggling companies are seeing signs that more owners are contemplating the possibility of bankruptcy. Government aid my simply be too little too late. (AP Photo/Paul Sancya, File)
Associated Press
April 26, 2020 - 12:24 pm
NEW YORK (AP) — The billions of dollars in coronavirus relief targeted at small businesses may not prevent many of them from ending up in bankruptcy court. Business filings under Chapter 11 of the federal bankruptcy law rose sharply in March, and attorneys who work with struggling companies are...
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Wearing a mask amid concerns of the spread of COVID-19 a woman pushes a basket full of groceries out of a store in Richardson, Texas, Wednesday, April 1, 2020. (AP Photo/LM Otero)
Associated Press
April 01, 2020 - 8:58 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Wednesday related to the global economy, the work place and the spread of the virus. ________ THINGS WE VALUED: The outbreak has reshuffled the pecking order of what holds...
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This photo provided by General Motors shows GM's all-new modular platform and battery system, Ultium, at the Design Dome on the GM Tech Center campus in Warren, Mich., on Wednesday, March 4, 2020. GM rolled out plans for 13 new electric vehicles during the next five years as it trying to refashion itself as a futuristic company with technology to compete against Tesla. The company on Wednesday touted an exclusive new battery technology that could propel some of the vehicles as far as 400 miles (644 kilometers) on a single charge. (Steve Fecht/General Motors via AP)
Associated Press
March 04, 2020 - 1:17 pm
DETROIT (AP) — General Motors, trying to refashion itself as a futuristic company with technology to compete against Tesla, rolled out plans Wednesday for 13 new electric vehicles during the next five years. The company touted an exclusive new battery technology that could propel some of the...
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Trader Fred DeMarco works on the floor of the New York Stock Exchange, Friday, Feb. 28, 2020. Global stock markets are falling further on spreading virus fears. (AP Photo/Richard Drew)
Associated Press
February 28, 2020 - 4:16 pm
Stocks sank again after another wild day, extending a rout that left Wall Street with its worst week since October 2008. The market clawed back much of its intraday losses in the last 15 minutes of trading. Bond prices soared as investors sought safety, pushing yields to record lows. The stock...
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FILE- In this Nov. 8, 2018, file photo model Devon Windsor walks the runway during the 2018 Victoria's Secret Fashion Show at Pier 94 in New York. Victoria's Secret's owner, L Brands, said that the private-equity firm Sycamore Brands will buy 55% of Victoria's Secret for about $525 million. Victoria's Secret will become a private company. (Photo by Evan Agostini/Invision/AP, File)
Associated Press
February 20, 2020 - 4:22 pm
NEW YORK (AP) — Victoria's Secret, which once defined sexy with its leggy supermodels prancing around in their bras and oversized angel wings, is being sold, its fortunes diminished as women increasingly look for styles that more realistically fit their body types. The company's owner, L Brands,...
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In this Wednesday, Feb. 12, 2020, photo, a statue stands outside the Boys Scouts of America headquarters in Irving, Texas. The Boy Scouts of America has filed for bankruptcy protection as it faces a barrage of new sex-abuse lawsuits. The filing Tuesday, Feb. 18, in Wilmington, Delaware, is an attempt to work out a potentially mammoth compensation plan for abuse victims that will allow the 110-year-old organization to carry on. (AP Photo/LM Otero)
Associated Press
February 18, 2020 - 9:21 am
Barraged by hundreds of sex-abuse lawsuits, the Boy Scouts of America filed for bankruptcy protection Tuesday in hopes of working out a potentially mammoth victim compensation plan that will allow the 110-year-old organization to carry on. The Chapter 11 filing in federal bankruptcy court in...
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FILE - In this May 4, 2018, file photo, a man walks past a branch of HSBC bank in Hong Kong. Europe's biggest bank has reported that its net profit fell 53% in 2019 to $6 billion. London-based HSBC, whose profit is mainly from Asia, said it plans to revamp its U.S. and European business and shed $100 billion in assets to improve its profitability. (AP Photo/Kin Cheung, File)
February 18, 2020 - 8:50 am
LONDON (AP) — Europe's biggest bank, HSBC, will shed some 35,000 jobs as part of an overhaul to focus on faster-growing markets in Asia and as it tries to cope with a slew of global uncertainties, from Brexit to the trade wars to the new coronavirus. The interim chief executive, Noel Quinn, said...
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