Sharon Wrobel

About the Author Sharon Wrobel


Facebook Says Fast Spread of Coronavirus Hits Advertising Sales, Apps Usage Surges

Facebook Inc (FB) said the coronavirus outbreak is slowing down its advertising sales, even as usage of its social media platforms is growing …

Moody’s Lowers 3M’s Outlook to Negative From Stable Amid Rising Leverage Risk

Rating agency Moody’s Investors Service changed 3M Company’s (MMM) outlook to negative from stable due to expectations of higher leverage needs and weaker …

Energy Giant E.ON Expects Innogy Takeover to Help Lift Profit This Year

E.ON SE (EONGY) expects to post an earnings increase this year as Europe’s biggest energy network operator sees revenue coming from its takeover …

General Motors to Draw on $16 Billion Credit Line, Withdraws 2020 Guidance

General Motors Co. (GM), said it will draw about $16 billion from its credit buffers to boost liquidity and maintain financial stability amid …

Nike Beats Quarterly Revenue Estimates as Digital Growth Offsets China Sales Drop

Nike, Inc (NKE) reported better-than-expected quarterly revenue as digital demand offset a sales decline in China resulting from the coronavirus shutdowns. Revenues for …

Wedbush Sees Upside For Tech Stocks, Expects Deal Frenzy to Start in Coming Months

It has become difficult for investors to assess companies amid uncertainty over the impact of the global coronavirus pandemic on the economy. In …

General Electric’s Aviation to Cut 10% of Workforce as Air Travel Demand Freezes

General Electric’s (GE) aviation unit said it will cut 10% of its U.S.

Boeing to Halt Production at Washington State Factory Amid Coronavirus Risk

Boeing Co (BA) said it would halt production at its Washington state factory for two weeks due to the accelerating spread of the …

US Foods Holding Takes Cost-Cutting Steps, Draws $1 Billion Credit to Combat Sales Drop

US Foods Holding Corp. (USFD), a leading food distribution company, said it is rolling out cost-cutting measures to mitigate restaurant and hospitality sales …

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