US trade deficit drops in June on record rise in exports
WASHINGTON — The U.S. trade deficit fell in June for the first time since February as exports posted a record increase, rising twice as fast…
Articles by biztimes
CVS posts strong 2nd quarter, with virus delaying elective procedures
CVS Health reported surprisingly strong second-quarter earnings as people postponed elective medical procedures during the pandemic, and it raised its profit expectations for the year….
BMW reports loss for 2nd quarter but sees rebound in China
FRANKFURT, Germany — German automaker BMW lost 212 million euros ($250 million) in the second quarter as the coronavirus pandemic shutdowns cut vehicle sales by…
Wendy’s: 2nd quarter earnings snapshot
DUBLIN, Ohio — Wendy’s Co. today reported second-quarter net income of $24.9 million. On a per-share basis, the company said it had net income of…
Wall Street drifts as stock rally takes a pause; yields drop
NEW YORK — U.S. stocks are drifting between small gains and losses today as Wall Street takes a pause following its big rally over the…
Ford CEO Hackett to retire, COO Jim Farley to lead automaker
DETROIT — Ford Chief Operating Officer Jim Farley will lead the storied automaker into the future starting Oct. 1 when current CEO Jim Hackett retires….
EU regulators investigate Google’s plan to buy Fitbit
LONDON — European Union regulators say they’re opening an in-depth investigation into U.S. tech giant Google’s plan to buy fitness tracking device maker Fitbit The…
Researchers say UK faces a Brexit brain drain to the EU
LONDON — The number of Britons moving to European Union countries soared after the Brexit vote in 2016, according to a U.K.-German study released today…
Honda recalls 1.6 milliom vans and SUVs in 4 US recalls
DETROIT — Honda is recalling over 1.6 million minivans and SUVs in the U.S. to fix problems that include faulty backup camera displays, malfunctioning dashboard…
Sony: Fiscal 1st quarter earnings snapshot
TOKYO — Sony Corp. today reported fiscal first-quarter profit of $2.17 billion. On a per-share basis, the company said it had profit of $1.74. The…