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Pilot strike drags SAS net loss further down

Scandinavian airline SAS announced Tuesday that its second-quarter earnings were severely impacted by a week-long pilot strike in late April, saying it would lower its forecast for the year.

Lyft loss widens to $1.1 bn, unveils Waymo partnership

Lyft said Tuesday its loss in the past quarter widened to $1.1 billion in the ride-hailing giant's first financial report as a public company, as it announced it was teaming up with former Google car unit Waymo on autonomous ...

Nokia sees tough competition in market for 5G networks

Telecoms gear maker Nokia reported Thursday a surprise first-quarter loss amid tougher competition for the new, superfast wireless 5G networks that are expected to increase in business this year.

Brazil's Embraer posts net loss for 2018

Brazilian airplane manufacturer Embraer, in the process of a partial takeover by US giant Boeing, announced a net loss of 669 million reais ($183 million) for 2018.

Cisco Systems announces 1,100 more layoffs

Cisco Systems Inc. said Wednesday that it is laying off 1,100 more workers, deepening job losses at the internet gear maker battling declining revenue.

LG profit sinks as smartphone business suffers loss

LG Electronics said Thursday its mobile communications division suffered its first operating loss in more than a year, dragging down the company's overall earnings for the third quarter.

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