Rivals UnitedHealth Group Inc , Anthem Inc and Humana Inc also reaffirmed their profit estimates for 2020, even as they warned of higher costs from resumption in elective surgeries deferred due to the COVID-19 pandemic. While health insurers benefit from the deferred health care in the first half of the year, the gains could be short lived, depending on how quickly the virus outbreak subsides and the healthcare business returns to something close to normal, according to a Reuters analysis. Cigna said it continues to expect 2020 adjusted income from operations to be between $18 and $18.60 per share....
Lufthansa and unions representing much of its staff told the German government that their joint top priorities were to maintain the airline's competitiveness after the coronavirus crisis and preserve as many jobs as possible. In a joint letter to Economy Minister Peter Altmaier and Finance Minister Olaf Scholz, Lufthansa and the unions Cockpit and Ver.di thanked the government for their efforts to support the airline, which is hoping for state aid to help it survive following a near-total collapse in demand for travel. "Beyond the urgent need to keep Lufthansa and its subsidiaries solvent, the future sustainability of Lufthansa Group after the crisis is our highest priority," they wrote, adding that their common goal was "sustainably preserving as many jobs as possible in the Group's companies."...
Dan Digre, head of MISCO Speakers, was on edge before the coronavirus outbreak hit the global economy. Payment of hundreds of thousands of dollars in Chinese tariffs had wiped out the profit and dwindled the cash balance of the Minnesota-based loudspeaker maker. Now Digre is grappling with dropping sales and payment delays....
