Peru president reshuffles cabinet as COVID-19 takes its toll

Martin Vizcarra named a new health minister as part of the reshuffle, the second replacement since the coronavirus pandemic began.

Peruvian President Martin Vizcarra has reshuffled his cabinet as the country desperately tries to get on top of its worsening coronavirus crisis.

The number of deaths is rapidly rising, and it is hitting disadvantaged Peruvians the hardest.

Al Jazeera’s Mariana Sanchez reports from Lima, Peru.

Libya prisoner swap: Exchange between GNA and Haftar's forces

Celebrations for some prisoners of war in Libya as 16 of them go home in a swap between the warring sides.

Libya’s warring sides have held a prisoner swap.

The UN-recognised Government of National Accord and forces loyal to renegade military commander Khalifa Haftar have exchanged eight prisoners each in Misrata, with the hope of more to follow.

Al Jazeera’s Malik Traina reports from Misrata, Libya.

Mexico's tourism industry 'could take years to recover'

UN report comes as Mexico is among those reopening their doors, despite the country’s continuing struggle to contain the outbreak.

The United Nations World Tourism Organization (UNWTO) shows that many of the world’s top vacation destinations have eased travel restrictions.

Mexico, one of the world’s top vacation destinations, is among those reopening their doors. This, despite the country’s continuing struggle to contain the coronavirus outbreak. Industry experts predict it could take years for Mexico’s tourism to recover.

Al Jazeera’s Manuel Rapalo reports from Mexico City.

Morgan Stanley Posts Upbeat Q2 Results – Quick Facts

Morgan Stanley (MS) reported better-than-expected Q2 results, amid the COVID-19 pandemic.

Net income applicable to the company was $3.2 billion or $1.96 per share, compared to $2.2 billion or $1.23 per share last year.

Adjusted earnings for the quarter increased to $2.04 per share from the previous year’s $1.23 per share.

Net revenues increased to $13.4 billion from $10.2 billion generated a year ago.

Analysts polled by Thomson Reuters expected earnings of $1.12 per share on revenue of $10.31 billion for the quarter. Analysts’ estimate typically exclude certain special items.

James Gorman,Chairman and Chief Executive Officer, said, “The second quarter tested the model and we performed exceedingly well, delivering record results. This builds on the momentum of a
very strong first quarter, while more than 90% of our employees continue to work from home, demonstrating the ongoing operational resilience of our platform…”

Boeing Gets $916 Mln NASA Contract Extension

Aerospace and defense conglomerate Boeing Co. (BA) said it has been awarded a $916 million contract extension by National Aeronautics and Space Administration or NASA to support the International Space Station’s (ISS) orbiting laboratory through September of 2024.

Under the contract valued at about $225 million annually, Boeing would provide engineering support services, resources, and personnel for activities aboard the ISS and manage many of the station’s systems.

Work would be done at the Lyndon B. Johnson Space Center in Houston; the John F. Kennedy Space Center at Cape Canaveral, Florida; and Marshall Space Flight Center in Huntsville, Alabama, as well as other locations around the world.

Congress, NASA and its international partners have agreed to extend ISS operations to at least 2024, as recent structural analysis shows that the spacecraft continues to be safe and mission-capable, the company said.

John Mulholland, Boeing vice president and program manager for the ISS, said:

“As the International Space Station marks its 20th year of human habitation, Boeing continues to enhance the utility and livability of the orbiting lab we built for NASA decades ago.”

Morgan Stanley profit jumps 45% on trading boom

July 16 (Reuters) – Morgan Stanley posted a 45% rise in quarterly profit on Thursday, driven by strong trading gains as the coronavirus pandemic whipsawed global financial markets since March.

The bank’s earnings attributable to common shareholders rose to $3.2 billion, or $1.96 per share, in the second quarter ended June 30, from $2.2 billion, or $1.23 per share, a year ago. (Reporting by C Nivedita and Elizabeth Dilts in New York; Editing by Saumyadeb Chakrabarty)

Charles Schwab Q2 Profit Down, Yet Tops Consensus – Quick Facts

Charles Schwab Corp. (SCHW) reported Q2 GAAP net income of $671 million or $0.48 per share compared to $937 million or $0.66 per share last year.

Adjusted net income declined to $742 million or $0.54 per share from $945 million or $0.67 per share reported a year ago.

Net revenues amounted to $2.45 billion, a decline of 9% from the previous year’s revenue of $2.68 billion.

Analysts polled by Thomson Reuters expected earnings of $0.52 per share on revenue of $2.47 billion for the quarter. Analysts’ estimate typically exclude certain special items.

Domino`s Pizza Inc. Q2 Income Advances

Domino`s Pizza Inc. (DOM.L) released earnings for its second quarter that increased from the same period last year.

The company’s earnings totaled $118.67 million, or $2.99 per share. This compares with $92.36 million, or $2.19 per share, in last year’s second quarter.

Analysts had expected the company to earn $2.21 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 13.4% to $920.02 million from $811.65 million last year.

Domino`s Pizza Inc. earnings at a glance:

-Earnings (Q2): $118.67 Mln. vs. $92.36 Mln. last year.
-EPS (Q2): $2.99 vs. $2.19 last year.
-Analysts Estimate: $2.21
-Revenue (Q2): $920.02 Mln vs. $811.65 Mln last year.