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Sweden’s Volvo hit by cancelled orders as pandemic creates ‘new normal’
By Niklas Pollard STOCKHOLM (Reuters) – Sweden’s AB Volvo <VOLVb.ST> on Thursday warned of stalling truck orders and a challenging adjustment to a “new normal” of feebler demand after reporting a smaller-than-expected fall in quarterly operating earnings helped by service sales. The rival to Germany’s Daimler <DAIGn.DE> and Volkswagen subsidiary Traton <8TRA.DE> said its net […]
Rolls-Royce targets in jeopardy as pandemic brings air travel slump
LONDON (Reuters) – British aero-engine maker Rolls-Royce <RR.L> will likely have to slash its 2020 cash flow target after airline customers parked hundreds of planes due to the coronavirus pandemic, analysts said. Rolls last updated the market at the end of February, when it forecast 2020 free cash flow of 1 billion pounds ($1.2 billion), […]
Man wins North Dakota election after dying of COVID-19
A man who died of COVID-19 has been elected to North Dakota’s House of Representatives. According to official results, David Andahl, 55, was elected to be one of two state representatives in District 8 in North Dakota, along with fellow Republican Dave Nehring. Unfortunately, Andahl died in October after contracting the novel coronavirus. October was […]