Under Armour records smaller-than-feared loss, shares surge

(Reuters) – Under Armour Inc (UAA.N) (UA.N) reported a smaller-than-expected quarterly loss on Friday, as it sold more merchandise online with customers staying at home during the coronavirus lockdowns, sending its shares up about 10% in premarket trading. Even as

Record losses cannot be sustained without action, says BA owner

The chief executive of British Airways’ owner IAG has warned record losses cannot be sustained as he defended cutbacks to the airline. Speaking to Sky News’ Ian King Live programme, Willie Walsh stressed the unprecedented challenge posed by the coronavirus

Ford lifted by VW's Argo investment, posts quarterly profit

(Reuters) – Ford Motor Co (F.N) on Thursday posted a quarterly profit thanks to an investment by Volkswagen AG (VOWG_p.DE) in its self-driving Argo AI unit, which offset a production shutdown forced by the coronavirus pandemic as the No. 2

Global equities edge higher, safe havens flat ahead of Fed meeting

NEW YORK (Reuters) – Stock markets edged higher and perceived safe-haven assets were steady on Wednesday as investors awaited news from the U.S. Federal Reserve’s latest policy meeting. The Fed is expected to sound reassuringly accommodative at its policy review

Once Canada's oil relief valve, rail shipping grinds to near halt

WINNIPEG, Manitoba (Reuters) – After moving record-large Canadian oil volumes by rail just five months ago, shippers have hit the brakes, idling thousands of cars and tens of millions of dollars’ worth of infrastructure. Rail was Canada’s oil lifeline in

IATA says airline traffic recovery to take longer than expected

PARIS (Reuters) – Global airlines cut their coronavirus recovery forecast on Tuesday, saying it would take until 2024 – a year longer than previously expected – for passenger traffic to return to pre-crisis levels. In an update on the crisis