CVS gets a 3Q booster shot from Aetna as revenue soars

Business 11/06/19, 11:18

CVS Health revenue surged in the third quarter as the drugstore chain and pharmacy benefits manager added health insurance and pushed ahead with a plan to change how many of its stores operate. The company said Wednesday its roughly $69 billion ...

Japan’s SoftBank tumbles into losses over costly investments

Business 11/06/19, 05:10

Japanese technology company SoftBank Group Corp. tumbled into losses in the last quarter as its earnings were hammered by money-losing investments, including a bailout for office-space sharing startup WeWork. SoftBank's founder, Masayoshi Son, said he was regretting "mistaken investment moves." He ...

No-sugar drinks and innovations power Coke in 3Q

Business 10/18/19, 06:36

Coca-Cola reported strong third quarter sales as it makes strides with new drinks like Coca-Cola Plus Coffee and no-sugar drinks. Revenue jumped 8% to $9.51 billion, edging out Wall Street expectations for $9.48 billion, according to a survey by Zacks Investment ...

J.C Penney and Kohl’s struggle in fiscal 1st quarter

Business 05/21/19, 08:33

J.C. Penney and Kohl's struggled during the start of the year, raising concern about the challenges for the department store industry ahead. Penney reported a wider than expected loss and sales declines during the first quarter while Kohl's cut its fiscal ...

Home Depot posts strong profit, revenue

Business 05/21/19, 06:53

Home Depot is reporting better than expected profit and revenue for the first quarter despite a damp start to 2019.That inclement weather and an extra week in the previous fiscal year dampened the home improvement retailer's comparable store sales.Comparable store ...

1Q Earnings Wrap: When nothing is better

Business 05/16/19, 11:19

Behold the power of low expectations.Nearly all the companies in the S&P 500 have said how much profit they made in the first three months of the year, and growth looks to be close to nil. That's usually a frightening ...

Walmart same store sales growth continues

Business 05/16/19, 06:25

Walmart is posting another quarter of same-stores sales growth and profits topped Wall Street expectations.The company on Thursday reported first quarter net income of $3.84 billion, or $1.33. Earnings, adjusted for non-recurring gains, came to $1.13 per share. That beat ...

Hit with arrest of ex-chair Ghosn, Nissan profit nose-dives

Business 05/14/19, 05:16

Japanese automaker Nissan, reeling from the arrest of its former chairman Carlos Ghosn, reported Tuesday that annual profit nose-dived to less than half of what it earned the previous year, and forecast even dimmer results going forward.Nissan Motor Co.'s profit ...

This Week: Cisco Systems and Deere results, housing starts

Business 05/13/19, 10:01

A look at some of the key business events and economic indicators upcoming this week:PLUGGED INCisco Systems serves up its fiscal third quarter results Wednesday.Wall Street expects the seller of networking equipment and services will report that its earnings and ...

Fiat Chrysler expects improvements after weak first quarter

Europe 05/03/19, 09:58

Carmaker Fiat Chrysler Automobiles on Friday reported a 47% drop in profits for the first quarter of the year due largely to changes in production, but expressed confidence that new models will help the U.S.-Italian company meet full-year profit targets.Net ...

Solid jobs report, earnings push stocks broadly higher

Business 05/03/19, 09:26

U.S. stocks moved broadly higher in early trading on Wall Street Friday and are on track to bounce back after a two-day slide.Major indexes, including the S&P 500, are still heading for weekly losses. First quarter company earnings have come ...

Stocks edge higher on mixed bag of corporate earnings

Business 05/02/19, 09:41

Stocks edged slightly higher in early trading Thursday on Wall Street while investors assessed a mix of corporate earnings.Solid earnings results from several insurance companies helped lift financial stocks. MetLife and Allstate both posted gains. Technology stocks were also rising, ...

Big moves by Apple, CVS help drive US stock indexes higher

Business 05/01/19, 11:08

Stocks moved broadly higher in midday trading on Wall Street Wednesday as large U.S. companies continued to surprise investors with solid profits.Earnings reporting season is more than a third of the way through and the results have been tempering investors' ...

Revenue slowdown at Alphabet helps drag US stocks lower

Business 04/30/19, 09:45

U.S. stocks were moving lower early Tuesday, dragged down by big communications companies after Google's parent company, Alphabet, reported a slowdown in revenue growth.Alphabet is one of many huge U.S. companies to report their results this week, giving investors plenty ...

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