Daily Management Review
Business & Finance

Warren Buffett Says Berkshire Sold Off Its Entire Stock Of US Airlines

The entire stocks of the four largest airline companies of the United States were sold off by Berkshire Hathaway, said chairman Warren Buffett. "The world has changed" for the aviation industry, Buffett said while making the announcement   According to the annual report and company filings,...

CORONA-Impact: Real Estate and M&A Trends

Actuellement, le volume cumulé du marché immobilier mondial s’élève à 2 trillions de dollars. Ces mouvements de capitaux bénéficient de mesures de relance prises par plusieurs gouvernements et d’une situation économique globale plus solide que celle qui avait précédé la crise financière de 2008.

Tesla Share Price Is Too High, Says Company CEO Elon Musk

The share price of the United States based electric car maker Tesla was “too high” in the opinion of the company’s chief executive, Elon Musk, according to a tweet by him on Friday. The comment from Musk led to a sharp drop in the share price of the company which closed 10.3 per cent down.  ...

Gilead Has Plans Of Expanding Production Of Remdesivir Drug

Remdesivir drug seems to be effective on COVID-19 patients although more data is still needed before concluding the same. Gilead Sciences Inc has manufactured the remdesivir drug which is being used to treat coronavirus victims on an experimental basis, while the company recently informed that it...

Ford Announces Plans Of Restarting U.S. Manufacturing Plants

Ford to follow Chinese manufacturing unit’s safety measures. Will the UAW get convinced? Ford Motor Co highlighted about its safety measures with the plan to “restart its most profitable U.S. plants” even during the present pandemic situation. This moves reflects similar effort made by General...

British Airways Might Not Reopen Its Gatwick Operations Post Covid-19 Pandemic

The extent to which the coronaviurs pandemic has hit the global airline industry was reflected in reports that suggested the British Airways may not reopen its Gatwick airport operation at all even after the coronavirus pandemic passes, according to a communication from one of the largest airlines...

Covid-19 Hit Airlines Trying Hard To Convert Empty Passenger Cabins Into Cargo Space

Air freighters are the only planes that can now be seen in the air globally amidst the global coronavirus pandemic.   This segment of airline business have always found the back seat as passenger air travel is mostly showcased in lavish advertising aimed at attracting business travelers and...

Facebook net profit grows twofold in Q1

In the first quarter of 2020, the net profit of the world's largest social network Facebook almost doubled in annual terms and amounted to $ 4.902 billion, the company said in a press release. Diluted earnings per share were $ 1.71, compared with $ 0.85 a year earlier. Revenues of the social...

Coronavirus Forced Store Closure Results In Falloff Global Sales For Starbucks

Shutdowns of its stores because of coronavirus pandemic related restrictions has resulted a a fall in the global sales of Starbucks in the first three months of 2020. In the current quarter the business environment is likely to deteriorate further before leveling out later this summer, warned the...

Despite Profits, Google’s Alphabet Warns Of Tough Times Ahead

Propelled by double digit growth in advertising in Google despite the economic slowdown from the novel coronavirus, Apple Alphabet Inc beat analysts’ estimate for quarterly revenue for the latest completed quarter.   Following the announcement, the shares of Alphabet increased by 4 per cent....
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