Harley-Davidson Slumps After First Loss in More Than a Decade

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Harley-Davidson Inc. posted its first quarterly loss in more than a decade as the iconic motorcycle maker’s restructuring plans were undermined by the onset of a global pandemic.

The company said it would speed up turnaround efforts by cutting about 30% of its model lineup and concentrating on 50 markets. Harley said in its latest annual report that it had dealers in about 100 countries worldwide.

The bikemaker said shipments fell 59% in the second quarter, a decline reflecting a coronavirus-triggered suspension of production for two months. That contributed to a loss of 35 cents a share, missing the lowest analyst estimate and below a consensus for a profit of 18 cents a share.

Shares of the company fell as much as 5.1% to $27.80 in premarket trading. The stock closed Monday at $29.28.

3M posts 12% fall in revenue as coronavirus crisis hammers demand

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(Reuters) – Industrial conglomerate 3M Co reported a 12% drop in quarterly revenue on Tuesday as demand for its products took a hit due to the global economic slowdown caused by the coronavirus crisis.

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Net sales fell to $7.2 billion from $8.2 billion.

But net income attributable rose to $1.29 billion, or $2.22 per share, in the second quarter ended June 30, from $1.13 billion, or $1.92 per share, a year earlier.

On an adjusted basis, the maker of Post-it notes and Scotch tape earned $1.78 per share in the quarter.

REMINGTON ARMS DECLARES BANKRUPTCY, EVEN AS VIOLENT UNREST FUELS RECORD SALES

(Reporting by Rachit Vats in Bengaluru; Editing by Aditya Soni)

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Nigeria’s schools still closed, impact on children uncertain

Schools in Nigeria are still out, raising concerns about what the future holds for millions of children.

The disruption of schooling in Nigeria is raising concerns over the future of millions of children.

Schools were shut four months ago, and cannot reopen as coronavirus cases are rising.

Only a few schools have been able to offer online learning, which means that most children have not been able to continue their lessons.

Al Jazeera’s Ahmed Idris reports from Abuja, Nigeria.

SAA Administrators Say Conditions Met, Rescue to Proceed

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The administrators of South African Airways said conditions for a business rescue have been met.

The administrators commented in a notice to interested parties.

Sudan's transition: New civilian governors, new challenges

Sudan’s government has sworn in civilian governors, some of whom are women, but they have a long, tough road ahead.

Sudan has replaced the military governors of its 18 states with civilians, including two female governors for the first time.

This comes as the restive Darfur region continues to see violence and loss of life, and not everybody is sure these new governors are cut out for the work ahead of them.

Al Jazeera’s Hiba Morgan reports from Khartoum, Sudan.

Zebra Technologies Guides Q3 Adj. EPS In Line With Estimates – Quick Facts

While reporting financial results for the second quarter on Tuesday, Zebra Technologies Corp. (ZBRA) initiated its adjusted earnings and net sales growth guidance for the third quarter.

For the third quarter, the company expects adjusted earnings in a range of $2.65 to $2.95 per share on net sales decline of about 3 to 7 percent, due to the continued recessionary global environment from COVID-19.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.69 per share on net sales decline of 12.2 percent to $991.86 million for the quarter. Analysts’ estimates typically exclude special items.

Looking ahead to fiscal 2020, the company continues to expect net sales to be lower than last year and expects to see an improvement in sales trends in the second half of the year.

Barcelona's soaring COVID-19 cases cause concern

In Barcelona, it is a race against time to bring the infection rate under control.

Infection rates are also soaring in Spain with more than one thousand new cases reported on a daily basis in Catalonia.

It is feared the regional capital, Barcelona, will become the epicentre of the virus.

Al Jazeera’s Marta Herrero reports from Barcelona.

Baby boy found in private estate near Upper Paya Lebar; police investigating

SINGAPORE – The police are investigating a case of a baby boy found in a private residential estate near Upper Paya Lebar Road on Monday (July 27).

A police spokesman said on Tuesday that they received a call for assistance at around 7.45pm in Tai Keng Gardens.

Police officers at the scene found a baby boy at the location.

“There were no visible injuries on the baby and his condition was stable,” the spokesman added.

The baby was then taken to KK Women’s and Children’s Hospital.