Financial performance

June 21, 2018 - 3:42 am
BERLIN (AP) — German automaker Daimler AG has lowered its 2018 earnings outlook, a change that it says is partly due to increased import tariffs for U.S. vehicles in China. The company said late Wednesday that it now sees fewer SUV sales and higher costs at its Mercedes-Benz Cars division than...
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June 19, 2018 - 7:39 pm
Higher rates, tax benefits and steady business fueled by economic growth helped FedEx Corp. boost its fourth-quarter profit 10 percent to $1.13 billion. Chairman and CEO Fred Smith said Tuesday that he is optimistic that the package-delivery company will increase its earnings and profit margins. On...
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June 05, 2018 - 6:13 pm
MOUNTAIN VIEW, Calif. (AP) — Tesla CEO Elon Musk has rebuffed a shareholder attempt to overhaul the electric car maker's board and strip him of his role as chairman, despite worries about the company's shaky finances and inability to meet its production goals for its first mass-market sedan. All...
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FILE - In this July 17, 2017, file photo, Big 12 commissioner Bob Bowlsby speaks to reporters during the Big 12 NCAA college football media day at the Dallas Cowboys' practice facilities in Frisco, Texas. The NCAA is about two weeks away from finally making some substantial reforms to transfer rules. The changes will not be quite as extensive as some had hoped and the work is not complete, but considering previous failed attempts, getting anything accomplished on transfers can be counted as a success. “We aren't going to get as far down the path on transfers as I think most people hoped we would,” Bowlsby said this week during the conference’s meetings in Dallas. (AP Photo/LM Otero, File)
June 01, 2018 - 3:11 pm
IRVING, Texas (AP) — The Big 12 Conference had another record revenue year, and the money is expected to keep increasing in the near future. In wrapping up its spring meetings Friday, the league announced revenue of nearly $365 million for the 2017-18 academic year. That is the 12th consecutive...
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FILE - This May 11, 2017 file photo shows a Sears store in Hialeah, Fla. Sears is closing another 72 stores after reporting a first-quarter losses and plunging sales. The struggling retailer said Thursday, May 31, 2018 that it has identified about 100 stores that are no longer turning profits, and 72 of those locations will be shuttered soon. (AP Photo/Alan Diaz, File)
May 31, 2018 - 6:21 pm
NEW YORK (AP) — Sears will close dozens more stores as sales shrink and losses grow, an announcement that has become a familiar refrain as the company retrenches. The beleaguered retailer, which operates Kmart and Sears stores, said it has identified about 100 stores that are no longer turning a...
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FILE - In this Feb. 10, 2016, file photo, Harvey Weinstein attends amfAR's New York Gala honoring him in New York. Harvey Weinstein's lawyer said in a court filing that federal prosecutors in New York have launched a criminal investigation into the film producer, in addition to a previously disclosed probe by the Manhattan District Attorney. (Photo by Charles Sykes/Invision/AP, File)
May 23, 2018 - 6:51 pm
WASHINGTON (AP) — Harvey Weinstein's lawyer said in a court filing that federal prosecutors in New York have launched a criminal investigation into the film producer, in addition to a previously disclosed probe by the Manhattan District Attorney. Attorney Benjamin Brafman said in a declaration...
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FILE - In this Jan. 14, 2009 file photo, colored "Sweethearts" candy is held in bulk prior to packaging at the New England Confectionery Company in Revere, Mass. Four bidders are vying to buy the bankrupt manufacturer of Necco Wafers, Sweethearts and other iconic candies. A bankruptcy auction is scheduled for Wednesday, May 23, 2018. (AP Photo/Charles Krupa, File)
May 23, 2018 - 5:18 pm
BOSTON (AP) — The 171-year-old candy maker known for its chalky Necco Wafers and those little inscribed hearts that are everywhere on Valentine's Day was up for grabs in bankruptcy court Wednesday. A judge was deciding between two suitors looking to acquire the New England Confectionery Co., or...
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FILE- This March 20, 2018, file photo shows the Uber app on an iPad in Baltimore. Uber reports earnings Wednesday, March 23. (AP Photo/Patrick Semansky, File)
May 23, 2018 - 4:39 pm
Three investors are looking to buy stakes in Uber in an offer that values the company at $62 billion. The ride-hailing giant said Wednesday the investors want to buy up to $600 million worth of the private company's stock. They're offering $40 per share, giving Uber a valuation that's nearly 30...
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FILE - This May 3, 2017, file photo shows the logo on a Target store in Upper Saint Clair, Pa. Target Corp. reports earnings on Wednesday, May 23, 2018. (AP Photo/Gene J. Puskar, File)
May 23, 2018 - 8:13 am
NEW YORK (AP) — Target, which is pushing through a costly period of transition, posted weaker-than-expected profits for the first quarter. While traffic growth in stores reached levels not seen in a decade and comparable-store sales jumped a solid 3 percent, those bright spots were overshadowed by...
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FILE- In this Feb. 23, 2018, file photo sales associate Bob Henriques, of Framingham, Mass., moves items at a Lowe's retail home improvement and appliance store, in Framingham. Lowe's Companies Inc. reports earnings on Wednesday, May 23. (AP Photo/Steven Senne, File)
May 23, 2018 - 6:27 am
MOORESVILLE, N.C. (AP) — Lowe's, which named a new CEO this week, is reporting weak profit and revenue numbers for its first quarter. The Mooresville, North Carolina, company said Wednesday that profits were $988 million, or $1.19 per share. That's 3 cents shy of Wall Street expectations, according...
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