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Kuehne+Nagel owner sees about 20,000 job cuts: Die Welt

Freight-forwarder Kuehne+Nagel may cut more than 20,000 jobs, with warehouse workers most affected, as the coronavirus-caused economic crisis hits shipping, controlling shareholder Klaus-Michael Kuehne said in an interview......»»

Category: topSource: reutersMay 22nd, 2020

PVH cuts profit and revenue forecast as tariffs, Hong Kong protests bite

PVH Corp cut its full-year profit forecast for the second time this year on Wednesday, as the Calvin Klein owner sees pressure from the protracted U.S-China trade tensions and the ongoing protests in Hong Kong......»»

Category: topSource: reutersAug 28th, 2019

Calvin Klein owner PVH cuts full-year profit, revenue forecast

PVH Corp cut its full-year profit and revenue forecast on Wednesday, as the Calvin Klein owner sees pressure from the escalating trade tensions between the U.S. and China and the ongoing protests in Hong Kong......»»

Category: topSource: reutersAug 28th, 2019

Kuehne + Nagel Sees "Tough Ride" As Auto, Industrials Weaken

Kuehne + Nagel (K + N) said it is cautiously optimistic on the outlook for the second half of 2019, but it will be a "tough ride in a tough environment," Chief Executive .....»»

Category: earningsSource: benzingaJul 23rd, 2019

Kuehne + Nagel Sees "Tough Ride" As Auto, Industrials Weaken

Kuehne + Nagel (K + N) said it is cautiously optimistic on the outlook for the second half of 2019, but it will be a "tough ride in a tough environment," Chief Executive Detlef Trefzger said. read more.....»»

Category: blogSource: benzingaJul 23rd, 2019

K + N Earnings Slightly Below Analyst Expectations In First Quarter – Warns Economic Growth May Slow Noticeably

World's largest ocean freight forwarder sees volume growth thanks to Asian export markets and its niche plays in pharma and healthcare. Kuehne + Nagel .....»»

Category: earningsSource: benzingaApr 25th, 2019

OPEC slashes oil demand forecast but sees cuts helping restore balance

OPEC on Wednesday again slashed its forecast for global oil demand this year as the coronavirus outbreak causes a global recession, although it said record supply cuts by the group and other producers were already helping rebalance the market......»»

Category: topSource: reutersMay 13th, 2020

Colorado"s 2nd-largest oil producer joins "The Great Shut-in," cuts local production

Analyst sees "rapid and brutal adjustment" this spring, but other companies find some demand surprises......»»

Category: topSource: bizjournalsMay 8th, 2020

Lyft sees rider demand improve in late April, "on path to profitability"

Lyft Inc on Wednesday posted higher-than-expected revenue and the ride-hailing company vowed further cost cuts to become profitable, saying ridership hit by the coronavirus pandemic had improved in late April......»»

Category: topSource: reutersMay 6th, 2020

Lyft sees rider demand rebound in late April, "on path to profitability"

Lyft Inc on Wednesday surprised investors with higher-than-expected revenue and the ride-hailing company vowed further cost cuts to become profitable as the U.S. coronavirus lockdown batters the economy......»»

Category: topSource: reutersMay 6th, 2020

BMW cuts outlook, sees coronavirus pain lasting all year

BMW expects the coronavirus pandemic to hit demand and earnings throughout this year, while Volkswagen sees some green shoots with higher Chinese demand. Francis Maguire reports......»»

Category: videoSource: reutersMay 6th, 2020

BMW cuts outlook, sees coronavirus pain lasting all year

BMW AG expects the coronavirus pandemic to hit demand and earnings throughout this year, prompting the German automaker to cut its profitability forecast for passenger cars following a drop in first-quarter deliveries......»»

Category: topSource: reutersMay 6th, 2020

SLU sees $20M deficit this fiscal year, outlines cuts

Saint Louis University said Monday it anticipates a more than $20 million budget deficit this fiscal year, with the number possibly rising to $75 million in fiscal 2021, due to the Covid-19 pandemic. The school previously hinted at possible cost-reduc.....»»

Category: topSource: bizjournalsMay 5th, 2020

Kuehne & Nagel price target lowered to CHF 133 from CHF 144 at UBS

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 4th, 2020

Ferrari cuts FY guidance due to coronavirus, sees slight drop in core profit

Ferrari said on Monday it had cut its core profit estimates for the year to reflect the impact of the coronavirus crisis, expected to mainly affect second quarter results......»»

Category: topSource: reutersMay 4th, 2020

Kuehne & Nagel price target lowered to CHF 130 from CHF 140 at Barclays

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallApr 30th, 2020

Why British Airways doesn"t want a bailout

As airlines around the world seek government aid, British Airways-owner IAG says it can do without. Instead, boss Willie Walsh is betting on cost cuts. Julian Satterthwaite reports......»»

Category: videoSource: reutersApr 29th, 2020

Kuehne & Nagel price target raised to CHF 131.48 from CHF 131.21 at JPMorgan

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallApr 28th, 2020

Jefferies cuts Ferrari to Underperform, sees significant downside in recession

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallApr 28th, 2020

CEO Says Kuehne + Nagel Well Positioned For Major Challenges Ahead

Kuehne + Nagel International AG (OTCMKTS:KHNGF) on Monday pegged the first-quarter blow to earnings before interest and taxes (EBIT) from the coronavirus pandemic at CHF 46 million ($47.1 mill.....»»

Category: earningsSource: benzingaApr 27th, 2020

CEO Says Kuehne + Nagel Well Positioned For Major Challenges Ahead

Kuehne + Nagel International AG (OTCMKTS:KHNGF) on Monday pegged the first-quarter blow to earnings before interest and taxes (EBIT) from the coronavirus pandemic at CHF 46 million ($47.1 million) across its four business units. read more.....»»

Category: blogSource: benzingaApr 27th, 2020