Dennis Mutua

Norwegian Air to Convert Debts into Equity to Help Airline Survive Pandemic

Undoubtedly the airline industry around the globe is among the worst hit by coronavirus pandemic. The pandemic has seen reduced air traffic hence all airlines have most of their aircrafts grounded. Norway’s national carrier, Norwegian Air (NWC) will be converting its debts to equity as a measure to help the airline survive plunge caused by […]

Pompeo Has Enough Evidence to Prove COVID-19 Emanated From Chinese Lab

The United States and China have been at logger heads concerning origin and breakout of deadly coronavirus. It all started by U.S accusing China of developing the virus in a Wuhan lab covering evidence and silencing involved sources. In response for a while, China lynched the same accusations towards the U.S claiming the U.S military […]

Silver Lake to Acquire Stake Worth $750 Million in Reliance

American private equity company Silver Lake has announced that it will be purchasing stake worth $750 million in the digital unit of India based Reliance Industries Ltd (RELI). This announcement comes barely two weeks after tech company Facebook Inc. (FB) invested $5.7 billion in the same business. The digital unit of Reliance Industries is known […]

Twitter Beats Analysts’ Estimates in First Quarter Report

Widely used social network company Twitter Inc. (TWTR) has announced its results for the first quarter ending March 31, the company performed relatively well in the quarter beating several analysts’ estimates. In the quarter, daily Twitter users who can view ads increased by 26% to 166 million, a number above what analysts had estimated by […]

Nokia Generates Some Q1 Profits Despite Pandemic

Finland based IT and telecommunications company Nokia Oyj (NOKIA) has revealed its first quarter results of the year for the three month period ended March 31. Despite the quarter being dominated by coronavirus pandemic, the tech company managed to generate some profit. In the quarter, Nokia generated profit of 1 euro cent per share, a […]

Airbus Profits Slump by 49% in Worst Ever Quarter for the Industry

The airline industry turns out as among the greatly affected by coronavirus pandemic with many players in the industry calling out for injections and bailouts if they are to get back on their feet. Europe largest aerospace company Airbus SE (EPA: AIR) posted its quarterly results recording a 49% decline in profit after recording 281 […]

Stay at Home Orders Helps Microsoft Beat Q3 Estimates

Tech Company Microsoft Corporation (MSFT) has announced its third quarter results for the period ending March 31, in the results Microsoft surpassed profit, revenue and sales estimates by Wall Street. In the quarter, revenue of the company increased by 15% to $35.02 billion surpassing earlier Wall Street’s estimate of $33.66 billion. Microsoft generated a net […]

Fords Nets $2 Billion Losses in a Pandemic Fueled First Quarter

World known automaker Ford Motors Co (F) has released its first quarter results for the year for the period ended March 31, from the results by the company, without a doubt current state of the global economy affected performance of the company in the quarter. In the first quarter, the automaker reported losses amounting to […]

Angry Birds Maker Reports 75% Profit Increase in Q1 Results

Maker of widely known game ‘Angry Birds’ Rovio Entertainment (ROVIO) reported its first quarter results for the year generating an increase of about 75% in profit for the quarter. In the first quarter ended March 31, Rovio reported operating profits 13 million euros ($14.1 million), a significant increase from the 7 million euros the Finland […]

Adidas Sharply Misses Q1 Estimates Says Q2 May be Worse

Terrible First Quarter German based sportswear manufacturer Adidas AG (ETR: ADS) has reported plunged results for the first quarter of the year ending March 31. The company attributes losses to global breakout of deadly coronavirus which has brought economies to standstill more so in the sporting industry where the company thrives in. In the first […]