earned $6.08 per share for its latest quarter, beating the consensus estimate of $5.80 a share. Revenue also came in above analysts' projections. The company said it is just beginning to experience the impact of Covid-19 in its various businesses and that the ultimate impact on 2020 results is unknown.
General Electric refinanced a $20 billion revolving credit facility with a new revolving agreement with $15 billion, according to an SEC filing. Hertz Global will lay off 10,000 employees across North America, seeking to cut costs as it deals with the economic fallout of the outbreak. The layoffs will cost the car rental company about $30 million, according to an SEC filing.
The oil price falls because trump tries to cheat the opec and rs to raise the domestic oil price for his keystone oil pipeline project. But, his wti oilmen cheat to be killed by both opec and rs. It estimates that there are 25M tons of oil surplus in the global oil supply.
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