Financial performance

A customer wears a face mask to help curb the spread of the new coronavirus as he walks behind sales advertisements at a shopping mall in Bangkok Thursday, July 9, 2020. Daily life in the capital slowly returns to normal as Thai government has eased restrictions imposed weeks ago to combat the spread of COVID-19. (AP Photo/Sakchai Lalit)
July 09, 2020 - 1:55 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global response, the work place and the spread of the virus. ________________________ RETAIL: — Bed Bath & Beyond plans to close...
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FILE - In this March 26, 2020 file photo, a woman leaves a Walgreens pharmacy that is enforcing social distancing rules by allowing only a certain numbers of people in as customers line up on the sidewalk outside the store in New York. The coronavirus pandemic pushed the drugstore chain to a $1.7-billion loss in its fiscal third quarter, as customers stayed home to avoid the virus or consolidated their shopping to grocery stores. The international drugstore chain said Thursday, July 9 the rapidly spreading virus took a bite of between $700 million and $750 million out of sales in the quarter. (AP Photo/Kathy Willens, File)
July 09, 2020 - 11:19 am
The coronavirus pandemic pushed Walgreens to a $1.7 billion loss it the most recent quarter with customers staying home or limiting shopping to essential supplies from grocery stores. The drugstore chain said Thursday that the rapidly spreading virus took a bite of between $700 million and $750...
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FILE -In this June 16, 2020 file photo, a sign for a Wall Street building is shown in New York. Earnings reporting season is about to get underway for big companies, and the forecasts are grim. Wall Street expects S&P 500 companies to report profits plunged by the most since the depths of the Great Recession during the second quarter. Earnings reports tend to matter deeply to investors because stock prices track the path of earnings over the long term. (AP Photo/Mark Lennihan, File)
July 09, 2020 - 10:28 am
NEW YORK (AP) — Like that last roll of ultra-thin toilet paper left on the shelves or the latest Star Wars movies, it’s tough to be disappointed in something when expectations were low to begin with. That’s how Wall Street is approaching the upcoming earnings season for companies. CEOs across the...
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CORRECTS DATE OF PHOTO TO AUG. 4, 2011, INTEAD OF SEPT. 11, 2001 - FILE - In this Aug. 4, 2011, file photo, a man passes a Brooks Brothers store on Church Street in New York's financial district. The 200-year-old fashion retailer that says it's put 40 U.S. presidents in its suits, is filing for bankruptcy protection on Wednesday, July 8, 2020. (AP Photo/Mark Lennihan, File)
July 08, 2020 - 5:03 pm
NEW YORK (AP) — Brooks Brothers, the 200-year-old company that dressed nearly every U.S. president, filed for bankruptcy protection Wednesday, the latest major clothing seller to be toppled by the coronavirus pandemic. Founded in New York in 1818, Brooks Brothers survived two world wars, the Great...
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A hospital staff walks past rows of beds at a makeshift COVID-19 care center at an indoor sports stadium in New Delhi, India, Wednesday, July 8, 2020. India has overtaken Russia to become the third worst-affected nation by the coronavirus pandemic. (AP Photo/Altaf Qadri)
July 08, 2020 - 2:47 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus. ________________________ TRAVEL: Choice Hotels is confident that its...
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Visitors try out Samsung Electronics' Galaxy Z Flip smartphones at its shop in Seoul, South Korea, Tuesday, July 7, 2020. Samsung Electronics Co. said Tuesday its operating profit for the last quarter likely rose 23% from the same period last year, helped by robust demand for memory chips used in personal computers and servers as the coronavirus pandemic has more people working from home. (AP Photo/Ahn Young-joon)
July 07, 2020 - 12:45 am
SEOUL, South Korea (AP) — Samsung Electronics Co. said Tuesday its operating profit for the last quarter likely rose 23% from the same period last year, helped by robust demand for memory chips used in personal computers and servers as the coronavirus pandemic has more people working from home. The...
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File---Picture taken June 24, 2020 shows the Wirecard logo at the headquarters of the payment service provider in Aschheim, Germany. (Sven Hoppe/picture-alliance/dpa via AP, file)
July 06, 2020 - 10:37 am
FRANKFURT, Germany (AP) — Another executive with bankrupt payment company Wirecard has been arrested in Germany on suspicion of aggravated fraud, prosecutors said Monday. The suspect, the head of a company subsidiary in Dubai, had returned to Germany to face proceedings. The arrest comes after...
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File---Picture taken June 24, 2020 shows the Wirecard logo at the headquarters of the payment service provider in Aschheim, Germany. (Sven Hoppe/picture-alliance/dpa via AP, file)
July 05, 2020 - 7:47 am
BERLIN (AP) — Germany's finance minister says he wants to revamp the oversight system for the country's financial industry in the wake of the accounting scandal at payment systems provider Wirecard. The Munich-based Wirecard filed for bankruptcy recently after auditors couldn’t find accounts in the...
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Jeorganna Barnes, a worker at Harrah's casino in Atlantic City, N.J., wipes slot machines with disinfectant Wednesday, July 1, 2020, as the casino prepared to reopen after 3 1/2 months of being shut down due to the coronavirus. Five of Atlantic City's casinos will reopen on Thursday, while three others, including Harrah's, will open Friday. (AP Photo/Wayne Parry)
July 02, 2020 - 4:02 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global response, the work place and the spread of the virus. ________________________ TRANSPORTATION: Alaska Airlines has secured nearly...
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File---Picture taken June 24, 2020 shows the Wirecard logo at the headquarters of the payment service provider in Aschheim, Germany. (Sven Hoppe/picture-alliance/dpa via AP, file)
July 01, 2020 - 5:04 am
BERLIN (AP) — Investigators searched the headquarters of German payment systems provider Wirecard and four other locations Wednesday as part of their probe of an accounting scandal that led to the arrest of the company's longtime CEO and forced the firm to file for bankruptcy protection. Twelve...
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