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This is what happened on Thursday that you might have missed.
Ford Motor said it earned $1.1 billion in the quarter as a one-of-a-kind gain on the price of its investment in an autonomous company that offset losses in its core business. Without the profit, from his stake in Argo AI, Ford lost $1.9 billion in interest and taxes. The result was higher than Ford’s previous forecast of a pre-tax loss of $5 billion.
United Airlines warned its pilots that it would potentially wish to extend the planned licence if the flight order remains depressed and a mass vaccine is not produced until the end of next year. The airline had said in the past that it can also lay off up to a third of its pilots, or 3,900 people, this year and next.
Comcast, the U.S. cable operator, said Peacock, its new transmission product, had attracted 10 million inputs in its first 3 months.
California Pizza Kitchen filed for bankruptcy in Texas. The company, which operates more than two hundred sites in the U.S. and internationally, said it would use the restructuring procedure to close unprofitable sites and reduce debt, and planned to go out of bankruptcy in less than 3 months.
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