5 Winners and Losers of the Week in Business by Rick Aristotle Munarriz May 10th 2013 6:00PM AP Companies can make brilliant moves, but there are also times when things don't work out quite as planned. From an electric car maker exploring self-driving cars to a cable...
Panasonic Reports Big Yearly Loss but Forecasts Profit by The Associated Press May 10th 2013 6:44AM Panasonic forecast its operating profit will rise 55 percent in the year ending March 31 as it steps back from struggling operations in TVs and other consumer gadgets.
Fannie Mae Posts Record $60B Quarterly Profit by The Associated Press May 10th 2013 6:13AM Mortgage-backer Fannie Mae will pay a dividend of $59.4 billion to the U.S. Treasury next month, a feat thought unthinkable just a few years ago following a federal bailout.
News Corp Beats the Street, Plans a Spin-Off by DailyFinance Staff May 9th 2013 9:25AM News Corp posted higher earnings, led by strong growth at its Fox television division. The company is spinning off its publishing unit, including The Wall Street Journal.
News Corp Results Beat Estimates, Spin-Off On Track by Reuters May 9th 2013 9:10AM Rupert Murdoch's News Corp reported quarterly earnings that beat Wall Street expectations, aided by growth at its cable networks. It plans to spin-off its publishing business.
Cheap Yen, Healthier Sales Push Sony into the Black by The Associated Press May 9th 2013 6:14AM Sony is back in the black for its fiscal fourth quarter, recording a $948 million profit, with big help from a weaker yen that boosts overseas earnings.
Groupon Posts Strong Quarter After CEO's Departure by Matt Brownell May 8th 2013 5:06PM Groupon is surging in after-hours trading after beating analysts' revenue projections and showing strong subscriber growth.
Markets at Record Levels; More Bad News for J.C. Penney by DailyFinance Staff May 8th 2013 9:20AM The Dow Industrials closed yesterday above the 15,000 level for the first time. It's the Dow's 16th record this year. The S&P 500 also set another record.
Freddie Mac Posts Near-Record Profit in First Quarter by Reuters May 8th 2013 9:08AM Mortgage giant Freddie Mac earned $4.6 billion from January through March, helped by a stronger housing market.
Wendy's First-Quarter Profit Tumbles 83% by The Associated Press May 8th 2013 8:14AM Wendy's first-quarter net income falls 83 percent from a year ago, as the fast-food icon seeks to transform its image.
Dow Has Its First Close Above 15,000 Points by The Associated Press May 7th 2013 4:30PM The Dow Jones industrial average is punching through another milestone: its first close above 15,000. The Dow rose 87 points to 15,056 points Tuesday, a gain of 0.6 percent.
Shares of Video Game Makers Soar Amid Sluggish Sales by DailyFinance Staff May 6th 2013 12:30PM Sales of video games and consoles have been sluggish, but shares of the game makers are soaring as investors focus on what they hope will be an exciting future.
5 Stocks to Watch This Week by Rick Aristotle Munarriz May 6th 2013 12:30PM With news coming from Disney, Tesla and more, there will be plenty of to move the market this week. Let's go over some of the items likely to get the attention of Wall Street.
Wall St. This Week: SunPower Rose Early, Car Sales on a Roll by Rick Aristotle Munarriz May 3rd 2013 12:45PM From SunPower enlightening some shareholders prematurely to Warren Buffett's first tweet, here's a rundown of the week's most interesting action in the business world.
Facebook's Mobile Numbers Impress; GM Beats Street by DailyFinance Staff May 2nd 2013 9:00AM A mixed bag from Facebook's earnings, but revenue from the all-important mobile sector was stronger than expected. GM's earnings fell from a year ago but still beat...
GM Profit Hit by Lower North American Earnings by The Associated Press May 2nd 2013 7:56AM General Motors' net income fell 14 percent to $865 million in the first quarter, weighed down by losses in Europe and weaker earnings in North America.
Facebook Earnings Results: Still Not What Wall Street Wants by Tim Beyers May 1st 2013 5:20PM No relief today for investors still stinging from buying into Facebook's IPO: Shares of the social network fell after it reported slightly worse than expected earnings.
Facebook Earnings Preview: All About Mobile, User Engagment by DailyFinance Staff May 1st 2013 12:30PM Facebook reports first quarter earnings after today's closing bell and it's likely to show strong growth in several key areas, but there are concerns about user engagement.
Media Giant Earnings: Comcast, Time Warner, Viacom Report by DailyFinance Staff May 1st 2013 9:15AM Three media giants are in the earnings spotlight, and drug maker Teva Pharmaceuticals wins a key ruling on a controversial contraceptive, the so-called morning after pill.
CVS Earnings Rise on Cold, Flu Season Sales by Reuters May 1st 2013 7:51AM CVS posted higher quarterly profit on Wednesday, as a more severe cold and flu season boosted sales and more new generic drugs hit the market.
Comcast Reports Higher Profit, Revenue in 1Q by The Associated Press May 1st 2013 7:27AM Comcast posted higher profits during the first quarter, driven by strength in its cable business, the company said Wednesday.
Embattled Herbalife Has Another Healthy Quarter by DailyFinance Staff Apr 30th 2013 1:15PM The nutrition and weight loss supplement company is at the center of a massive fight between several very rich investors. But Herbalife continues to churn out great results.
BP, Beset by Lawsuits, Set to Jump on Strong Earnings by DailyFinance Staff Apr 30th 2013 9:00AM BP is set to jump after earnings blew past expectations. The company has also been hit by 2200 new lawsuits in recent weeks, as a deadline for new oil spill claims nears.
Pfizer 1Q Profit Rises, but Trims Full-Year Outlook by Reuters Apr 30th 2013 7:58AM Pfizer reported lower-than-expected quarterly earnings and revenue and the largest U.S. drugmaker trimmed its full-year profit outlook.
Chrysler's 1Q Profit Tumbles 65% As It Readies New Models by The Associated Press Apr 29th 2013 10:04AM Chrysler's first-quarter profit tumbled 65 percent as shipments of cars and trucks fell while it prepared to launch several key new vehicles.
Top Executives Leaving JPMorgan, Avon by DailyFinance Staff Apr 29th 2013 9:00AM Another top executive is leaving JPMorgan Chase: one of two COOs will become the ninth exec to leave in the past year and a half. And Avon chairman Fred Hassan has resigned.
The Trouble With Earnings: Good Profits, Bad Revenues by The Associated Press Apr 29th 2013 5:00AM Seven of every 10 big companies are hitting their targets for earnings, but nearly the same proportion -- 6 out of 10 -- have missed on revenue. What's to blame?
Chevron's Quarterly Profit Falls on Lower Oil Prices by The Associated Press Apr 26th 2013 9:15AM Chevron says its quarterly profit fell 5 percent in the first quarter as oil prices slipped.
5 Winners and Losers of the Week in Business by Rick Aristotle Munarriz Apr 26th 2013 8:32AM It's been an interesting week in the business world, with Netflix blowing away expectations, and Apple agreeing to take on debt to return money to its shareholders.
Burger King has a Whopper of a Quarter as Earnings Double by The Associated Press Apr 26th 2013 8:20AM Burger King says its first-quarter earnings more than doubled even though revenue fell, as the fast-food chain trimmed several restaurant-related expenses.
Honda's Quarterly Profit Picks Up Despite Losses in China by The Associated Press Apr 26th 2013 6:49AM Honda's fiscal fourth quarter profit rose nearly 6 percent as the Japanese automaker's recovery from floods in Thailand the previous year offset recent sales losses in China.
Stocks Edge Higher as Job Market Improves by The Associated Press Apr 25th 2013 6:25PM The engines driving the stock market were more tepid than turbocharged Thursday, but they were enough to help stocks rise for a fifth straight day.
