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Nokia first quarter in profit, revenues miss consensus

April 29, 2020 Unknown No comments

Nokia Oyj on Thursday reported a 2% fall in first-quarter revenue that missed analysts' estimates, as it took a hit of about 200 million euros to its topline largely because the COVID-19 pandemic disrupted supply in China.

from Reuters: Technology News https://ift.tt/2zJfuUK

SoftBank writes down WeWork by $6.6 billion, compounding portfolio misery

April 29, 2020 Unknown No comments

SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets.

from Reuters: Technology News https://ift.tt/3f7sgMP

USA Gymnastics bans former Olympics coach Haney for eight years

April 29, 2020 Unknown No comments

USA Gymnastics has suspended former U.S. Olympic team coach Maggie Haney for eight years for verbally and emotionally abusing gymnasts she oversaw, the Washington Post reported on Wednesday.

from Reuters: U.S. https://ift.tt/2YfEg9b

Florida moves to ease coronavirus lockdown as promising treatment emerges

April 29, 2020 Unknown No comments

The governor of Florida, among the last to lock down his state against the U.S. coronavirus outbreak, announced on Wednesday he would permit a limited economic reopening next week while leaving restraints intact for the dense greater-Miami area.

from Reuters: U.S. https://ift.tt/2KHHdau

Democrat Biden faces calls to address sexual-assault allegation

April 29, 2020 Unknown No comments

Presumptive U.S. Democratic presidential nominee Joe Biden is facing growing calls from within and outside his party to respond to a former aide's allegation that he sexually assaulted her nearly 30 years ago, an assertion Biden's campaign has denied.

from Reuters: U.S. https://ift.tt/2zJMSdZ

Bodies found in unrefrigerated trucks in New York during COVID-19 pandemic

April 29, 2020 Unknown No comments

The city of New York delivered a freezer truck to a funeral home on Wednesday after it was found to be storing dead bodies in unrefrigerated U-Haul vehicles, a Reuters eyewitness said.

from Reuters: U.S. https://ift.tt/2Yit2R7

U.S. congressional Democrats push for coronavirus medical supply czar

April 29, 2020 Unknown No comments

Congressional Democrats on Wednesday proposed a bill that would require a U.S. coronavirus supply czar to oversee critical medical supplies, while the top Senate Republican doubled down on demands for business protections.

from Reuters: U.S. https://ift.tt/2WaeD74

Nintendo seen extending profit streak as housebound consumers switch on

April 29, 2020 Unknown No comments

Japan's Nintendo Co Ltd is expected to extend its decade-high earnings streak when it reports fourth-quarter results next week, powered by the hit Switch console which is expanding its reach among locked-down consumers.

from Reuters: Technology News https://ift.tt/35iRBiD

Clash of tech titans: Zuckerberg praises coronavirus lockdowns; Musk sees 'fascism'

April 29, 2020 Unknown No comments

Silicon Valley billionaires Elon Musk and Mark Zuckerberg offered dueling views on lockdown measures designed to slow the spread of the coronavirus on Wednesday, with Facebook's Zuckerberg endorsing the measures while Tesla's Musk condemned them as anti-democratic.