Tag: Corporate news
Volkswagen profits jump as China leads pandemic rebound
<p>FRANKFURT, Germany — Volkswagen Group's after-tax profit rebounded strongly to 3.4 billion euros ($4.1 billion) in the first three months of the year as...
Beyond Meat falls short of Q1 forecasts due to lower prices
Plant-based meat company Beyond Meat posted a first-quarter loss Thursday after higher sales were offset by marketing costs and lower prices.
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Streaming revenue boosts ViacomCBS Q1 results
<p>ViacomCBS's first-quarter net income beat expectations on strong streaming revenue during a quarter when the company aired the Super Bowl and introduced its rebranded...
Peloton expects to lose $165 million in revenue from recall
NEW YORK — Peloton said Thursday that the recall of its treadmills will shrink its revenue by $165 million in the current quarter.
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Russia approves single-dose version of Sputnik V vaccine
<p>MOSCOW — Russian authorities gave regulatory approval Thursday to a single-dose version of the country's Sputnik V vaccine, arguing that the move could accelerate...
Strong sales from Tapestry, Lee maker show clothing rebound
<p>Strong sales results from Coach's parent as well as from the maker of Wrangler and Lee jeans offer the latest evidence that shoppers' spending...
EXPLAINER: Why patents on COVID vaccines are so contentious
The Biden administration’s call to lift patent protections on COVID-19 vaccines to help poor parts of the world get more doses has drawn praise...
Commendations, minor reprimands for officer in Wright death
<p>MINNEAPOLIS — The service file of a suburban Minneapolis police officer <a href="https://apnews.com/article/kim-potter-2nd-degree-manslaughter-shooting-daunte-wright-5eb0d206f2798e29b22c783b7d6b1d8d">charged with manslaughter in the shooting death of Daunte Wright</a> includes a...
EXPLAINER: Why patents on COVID vaccines are so contentious
<p>The Biden administration’s call to lift patent protections on COVID-19 vaccines to help poor parts of the world get more doses has drawn praise...
Ex-Pence economic official eyes 2024 Indiana governor bid
<p>INDIANAPOLIS — A Fort Wayne businessman who was a top official in former Gov. Mike Pence’s administration is getting an early jump on running...