Tag: earnings
Frozen French fry maker Lamb Weston names new CEO, moves to loss in Q2
Lamb Weston is naming a new CEO as the frozen french fry maker moved to a loss in its second quarter and trimmed...
Honeywell weighs jettisoning aerospace division, following the breakup of other US conglomerates
Honeywell said that it may calve its aerospace division from the conglomerate, sending shares up more than 2% before the opening bell Monday.The...
Macy's offers a mixed outlook after reporting third quarter profit and sales declines
NEW YORK -- Macy's profit and sales slumped in the third quarter with many customers of the department store chain continuing to divert...
Losses in China lead to $5Bn charge for General Motors as it cuts assets value
DETROIT -- The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring...
Warren Buffett is sitting on over $325 billion cash as Berkshire Hathaway keeps selling Apple stock
OMAHA, Neb. -- Warren Buffett is now sitting on more than $325 billion cash after continuing to unload billions of dollars worth of...
Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI
LOS ANGELES -- LOS ANGELES (AP) — Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates, sending the company's...