Markets
COVID-19: 97 new cases, two deaths reported in Alberta on Saturday
Scheduled and non-urgent surgeries may start on May 4 along with dental care, physiotherapy, speech pathology, social work, dieticians, other forms of therapy. The use of masks will be strongly recommended in certain specific crowded public spaces, like mass transit, that do not allow for physical distancing (two metres apart). [Full Article...]
Ryanair set to axe 3000 jobs as airline hit by coronavirus outbreak
It said: "In view of the ongoing uncertainty caused by the Covid-19 pandemic...[for] customers travelling before this date, unfortunately your flights and holidays will not be operating". The airline also revealed the major job changes it would be implementing. Ryanair is planning to cut 3,000 pilot and cabin crew jobs and reduce staff pay by up to a fifth in response to the Covid-19 crisis, w... [Full Article...]
Buffett's Berkshire Hathaway reports nearly $50 billion loss
An accounting rule requires Berkshire to report unrealized stock losses and gains with earnings. "As efforts to contain the spread of the Covid-19 pandemic accelerated in the second half of March and continued through April, most of our businesses were negatively affected, with the effects to date ranging from relatively minor to severe", the company said in a regulatory filing Saturday. [Full Article...]
Buffett’s Berkshire posts record net loss on Covid-19, operating profit rises
Visit MarketWatch.com for more information on this news. The company also has major investments in companies such as Apple, American Express, Coca-Cola and Bank of America. Mr Buffett has long said Berkshire's operating earnings offer a better view of quarterly performance because they exclude investments and derivatives, which can vary widely. [Full Article...]
Buffett's Berkshire Hathaway posts record loss on coronavirus, but operating profit rises
On Saturday afternoon, Buffett plans to lead an abbreviated online version of Berkshire's annual meeting without any of the roughly 40,000 shareholders who typically attend. and Southwest Airlines Co.as airlines have been pummeled by travel restrictions and stay-at-home orders worldwide. Berkshire Hathaway Inc . said it lost $49.7 billion, or $30,653 per Class A share, during the first quarter. [Full Article...]
Lyft lays off almost 1,000 employees
Visit MarketWatch.com for more information on this news. As part of a "plan of termination", San Francisco ride-hailing giant Lyft will lay off 982 workers to cut costs amid damage from the coronavirus pandemic, the company said in a regulatory filing Wednesday. [Full Article...]
Amazon sales soar during pandemic but added costs drag down profits
It would allow lawmakers to question him about accusations that Amazon abuses its market power in online retail, mistreats warehouse workers and hurts small businesses. The House Judiciary Committee began an antitrust investigation last September into Amazon, Apple, Facebook and Google with an eye toward whether the tech giants should be broken up as suggested by former Democratic presiden... [Full Article...]
Trump 'confident' coronavirus may have originated in Chinese lab
The president's recent attacks on China line up with leaked Republican party memos, published by Politico, encouraging candidates to aggressively target Beijing in their public remarks on the pandemic . The Chinese state-backed Wuhan Institute of Virology has dismissed the allegations, and other officials in the United States have downplayed the idea. [Full Article...]