The increase in demand for bleach and other disinfectants during the novel coronavirus pandemic ravaging across the world has propelled the sale revenues of Clorox for its third first quarter to its highest in a decade. This prompted the company to raise its forecast for the entire year on Friday....

After announcing a 7 per cent drop in its sales for the first quarter, beer maker Carlsberg said that the worse because of the coronavirus pandemic is yet to be seen. The company reported that the increased demand and sale of beer in the supermarkets could not offset the impact to the business...

One of the largest supermarket retail chains of Britain - Sainsbury’s, issued a stark warning for profits for the current year and said that corornavirus pandemic could hit the company by more than 500 million pounds ($623 million). The company also announced deferment of any dividend payment...

The sweeping stay-at-home restrictions imposed in the United States in order to prevent the spread of the coronavirus pandemic was called "fascist" by the outspoken CEO of Tesla Inc Elon Musk even as the electric vehicle maker posted its third consecutive quarter of profits.   Those comments...

While claiming that there is currently no liquidity problem at the European plane maker Airbus, the company’s Chief Executive Guillaume Faury gas has said that the company is in talks with the French state about any potential support for aircraft deliveries.   “In crises of such importance,...

The impact of the coronavirus pandemic will result in a loss of more than $5 billion for the second quarter at Ford Motor Co, the company said, which will be double the loss of $2 billion that the company had incurred  in the first quarter of the current year. The company however said that the...

The first quarter performance of South Korea’s tech giant Samsung Electronics could not be boosted by the launch of the company’s new Galaxy S20 lineup and Galaxy Z Flip phone. Analysts however said that the worst for the company was yet to come.    Samsung has warned that the novel...

The hit of the novel coronavirus pandemic crisis has forced the Japanese car maker Nissan Motor Co Ltd to cut down its production of cars in Japan by 78 per cent in May compared to what it had manufactured in the same month a year ago. The company was already facing severe troubles with demand and...

 A five year deal was struck between Microsoft Corp and Coca Cola to supply software for the soft drinks company’s business. This announced by the tech giant on Monday. The software will include Microsoft’s Teams chat app as well as various tools for Coca Cola’s customer service agents....

Plans a alliance between Brazil and the United States - from regional jets to jumbos, was left in tatters after the US plane maker Boeing Co pulled out of a $4.2 billion deal to acquire the Embraer’s commercial jets division of Embraer. The decision by Boeing resulted in a furious response from its...

Following the relaxation of lock down measures in China imposed to prevent the spread of the coronavirus pandemic and with businesses and shops reopening in the country, there has been some stabilization of business in the market, said the German auto maker.   A senior manager of the German...