Edition:
United Kingdom

Alwyn Scott

Tens or 100s of billions? Insurers consult crystal balls on coronavirus costs

04 May 2020

Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive investment portfolios.

Tens or 100s of billions? Insurers consult crystal balls on coronavirus costs

04 May 2020

Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive investment portfolios.

ANALYSIS-Tens or 100s of billions? Insurers consult crystal balls on coronavirus costs

04 May 2020

May 4 Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive investment portfolios.

GE warns of more pain ahead as pandemic deals $1 billion cash hit

29 Apr 2020

General Electric Co said on Wednesday the coronavirus pandemic dealt a $1 billion blow to cash flow at its industrial business in the first quarter, while total revenue fell almost 8% and the company warned the damage would worsen in the next three months.

GE prevé más deterioro de ingresos después que pandemia borra 1.000 mln dlr de flujo de caja

29 Apr 2020

29 abr General Electric dijo el miércoles que la pandemia de coronavirus cercenó 1.000 millones de dólares de su flujo de caja en el segmento industrial durante el primer trimestre, mientras que su facturación total bajó casi 8% y la compañía advirtió que el panorama empeoraría en los próximos tres meses.

Diamond Offshore files for bankruptcy, citing 'price war,' coronavirus

27 Apr 2020

NEW YORK Diamond Offshore Drilling Inc filed for bankruptcy protection in Texas on Sunday, after the company recently skipped making an interest payment and said it had retained restructuring advisers.

GE's coronavirus troubles likely to hit power business, not just aviation

27 Apr 2020

Quarantines and lockdowns at large U.S. power plants are threatening to squeeze a multibillion-dollar slice of revenue that General Electric Co is counting on to help lift profits.

GE offers to buy back at least $9 billion in debt, plans new longer-maturities issue

13 Apr 2020

General Electric Co offered on Monday to buy back at least $9 billion in debt as part of a plan to cut its financial risk and manage liquidity in response to the downturn in business caused by the coronavirus pandemic.

U.S. companies criticized for cutting jobs rather than investor payouts

08 Apr 2020

By Alwyn Scott, Ross Kerber, Jessica DiNapoli and Rebecca Spalding

Credit markets flash red as coronavirus hits corporate America

19 Mar 2020

NEW YORK From airlines and cruise lines to retailers and energy companies, investors are fleeing large pockets of the corporate credit market, worried that the coronavirus pandemic will lead to bankruptcies, defaults and credit rating downgrades. | Video

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