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Tag: loss

United Airlines loss bigger than feared on higher fuel costs, capacity slide

FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren April 19, 2021 (Reuters) -United Airlines on Monday reported a bigger-than-expected $2.4 billion adjusted net loss for the first quarter, as fuel costs rose and the […]

Morgan Stanley reveals $911 million Archegos loss as profit jumps

FILE PHOTO: A view of the Morgan Stanley London headquarters at Canary Wharf in London, Britain June 24, 2016. REUTERS/Russell Boyce/File Photo April 16, 2021 By Elizabeth Dilts Marshall and Noor Zainab Hussain (Reuters) -Morgan Stanley lost nearly $1 billion from the collapse of family office Archegos Capital Management, the bank said on Friday, muddying […]

Occidental Petroleum posts larger quarterly loss on asset sale

FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid February 22, 2021 By Jennifer Hiller HOUSTON (Reuters) – Occidental Petroleum Corp on Monday posted a larger-than-expected fourth-quarter loss despite higher oil and gas […]

Expedia’s loss bigger than feared as COVID-19 resurgence hits travel

FILE PHOTO: The logo of global online travel brand Expedia is pictured at the International Tourism Trade Fair (ITB) in Berlin, Germany, March 9, 2016. REUTERS/Fabrizio Bensch February 12, 2021 (Reuters) – Online travel agency Expedia Group Inc posted a bigger-than-expected quarterly loss on Thursday as bookings slumped following a global resurgence in COVID-19 infections […]

Ford boosts investment plan for EVs and self driving vehicles, reports loss

FILE PHOTO: A Ford Motor Co. banner is displayed outside the New York Stock Exchange (NYSE) in New York, U.S., August 17, 2020. REUTERS/Brendan McDermid/File Photo February 4, 2021 By Ben Klayman and Paul Lienert DETROIT (Reuters) – Ford Motor Co on Thursday more than doubled the amount of money it plans to invest on […]

Ford’s forecast in focus as it wraps up year with quarterly loss

FILE PHOTO: Ford Motor Co. CEO Jim Farley walks to speak at a news conference at the Rouge Complex in Dearborn, Michigan, U.S. September 17, 2020. REUTERS/Rebecca Cook February 4, 2021 By Rachit Vats (Reuters) – Ford Motor Co’s investors are likely to brush aside the company’s quarterly loss on Thursday and focus on its […]

Pandemic pushes Exxon to historic annual loss, $20 billion cut in shale value

FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes February 2, 2021 By Jennifer Hiller HOUSTON (Reuters) -Exxon Mobil Corp on Tuesday posted a historic annual loss after the COVID-19 pandemic hammered energy prices […]

Shorts cut yearly loss on GameStop as stock tumbles – S3 Partners

FILE PHOTO: A GameStop store is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri/File Photo/File Photo February 2, 2021 NEW YORK (Reuters) -The number of GameStop shares that were shorted fell by over half in a week as short sellers […]

Bitcoin heads for worst weekly loss in months

FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken November 19, 2020. REUTERS/Dado Ruvic/File Photo January 25, 2021 By Tom Westbrook SINGAPORE (Reuters) – Bitcoin wavered on Friday and was heading toward its sharpest weekly drop since September, as worries over regulation and its […]

Tesla bears suffer record short-sale loss in 2020: S3 Partners

FILE PHOTO: People walk in front of the New York Stock Exchange (NYSE) in New York, U.S., January 15, 2021. REUTERS/Brendan McDermid January 21, 2021 By Chuck Mikolajczak NEW YORK (Reuters) – Short bets on Tesla Inc were the most unprofitable trade in 2020, as the electric automaker saw its shares surge over 740% en […]