Back to Topic List  
 Previous    Next 
Company News

 Profits are proliferating at these nine companies
The Indianapolis Star (Indiana), January 20, 2017 Friday

 Corporate profits are looking better than they have in some time. But a few companies are about to show how they're stacking up the earnings gains. There are nine companies in the Standard & Poor's 500 - including online retailer Amazon.com, mining and oil and gas exploration company Freeport-McMoRan and computer graphics hardware maker Nvidia - expected to have increased their adjusted profit in 2016 by 70% or more, based on a USA TODAY analysis of data from S&P Global Market Intelligence.
 J.B Hunt's revenue, profit up But adjusted 4Q results shy of expectations; shares fall
Arkansas Democrat-Gazette (Little Rock), January 20, 2017 Friday

 J.B. Hunt Transport Services Inc. reported increases in revenue and profit Thursday for the final quarter of 2016, though its stock dropped as the market reacted to results that fell below analyst expectations after one-time costs and payments were taken into account. Profit for the quarter ending Dec. 31 was $117.6 million, up 0.7 percent from the same three-month period of 2015. It breaks down to $1.05 earnings per share for the Lowell company, a 4 percent increase from $1.01 in 2015.
 Bad weather may have hit McDonald's Q4 earnings
Chicago Tribune, January 20, 2017 Friday

 Bad weather, hefty competition and a sluggish restaurant industry may have caught up with McDonald's in the final months of 2016. A small survey of franchisees by Nomura analyst Mark Kalinowski published this week suggests that McDonald's same-store sales swung into the red in the fourth quarter. McDonald's will report financial results for the period on Monday.
 Profits are proliferating at these nine companies; Tech, commodities lead way as investors look for confidence
USA TODAY, January 20, 2017 Friday

 Corporate profits are looking better than they have in some time. But a few companies are about to show how they're stacking up the earnings gains. There are nine companies in the Standard & Poor's 500 -- including online retailer Amazon.com, mining and oil and gas exploration company Freeport-McMoRan and computer graphics hardware maker Nvidia -- expected to have increased their adjusted profit in 2016 by 70% or more, based on a USA TODAY analysis of data from S&P Global Market Intelligence.
 Tesla's Self-Driving Tech Cleared in Crash Inquiry
The New York Times, January 20, 2017 Friday

 Eight months after a fatal crash involving a Tesla Motors car operating in a computer-assisted mode, federal auto-safety regulators said their investigation of the car found no defects in the system that caused the accident and said Tesla's Autopilot-enabled vehicles did not need to be recalled. The outcome is a major win for Tesla and its chief executive, Elon Musk, who has forcefully promoted the car's technological prowess and ability to prevent accidents. The crash on May 7, 2016, attracted...
 Dow's Gains Are Wiped Out for the Year
The New York Times, January 20, 2017 Friday

 The Dow Jones industrial average erased its gains for 2017 on Thursday as it fell for the fifth day in a row, part of a downturn for stock indexes as Treasury yields continued their upward march. Losses were widespread -- for every stock that rose on the New York Stock Exchange, three stocks fell. Utilities, real estate investment trusts and others that pay big dividends were among the hardest hit because their payouts look less attractive when bond yields are rising. Small-company stocks took...
 By Announcing New Jobs, Corporations Help Themselves
The New York Times, January 18, 2017 Wednesday

 Donald J. Trump won't be sworn in until Friday but big business has already thrown him a veritable inaugural ball. A series of blue-chip companies, among them Ford, Lockheed Martin, Amazon and Sprint, have all announced plans in recent weeks to hire and invest in the United States. A who's who of executives from boardrooms here and overseas have made the pilgrimage to Trump Tower and sought the president-elect's blessing.   The near-daily drumbeat of announcements -- on Tuesday it was the turn...
 Nordstrom to lose another technology executive
The Seattle Times, January 19, 2017 Thursday

 Dan Little, Nordstrom's chief information officer, is retiring in the fall, an announcement that came less than two weeks after the retailer's chief technology officer departed the company, and amidst other churns among its tech leadership.
 MARKET ROUNDUP; Stocks fall; Dow erases 2017 gains
Los Angeles Times, January 20, 2017 Friday

 The Dow Jones industrial average erased its 2017 gains Thursday as it fell for the fifth day in a row, part of a pullback for stock indexes as Treasury yields continued their upward march.
 BUSINESS BEAT; Western Union to pay fraud victims
Los Angeles Times, January 20, 2017 Friday

 Western Union Co. has agreed to pay $586 million to the U.S. government to pay back victims of fraud whom the money-transfer company failed to protect.
 BUSINESS BEAT; U.S. sues Oracle for discrimination
Los Angeles Times, January 20, 2017 Friday

 Technology company Oracle Corp. has discriminated against women, African Americans, Asians and non-Asians in its employment practices, the U.S. Department of Labor said Wednesday after filing a lawsuit.
 Amazon books have brick-and-mortar future
USA TODAY, January 19, 2017 Thursday

 For a company that long eschewed the brick-and-mortar world, Amazon is opening a lot of bookstores these days. It has three up and running -- in Seattle, San Diego and Portland, Ore. -- and says five more are coming. The profits from eight or even 80 bookstores are hardly a rounding error for the Seattle behemoth. So why is it busily building physical locations when for the last 22 years it has had a laser focus on online commerce?
 GM pays $1M SEC fine over ignition switches
USA TODAY, January 19, 2017 Thursday

 General Motors agreed to pay a $1 million fine to settle federal charges it failed to adequately assess the potential financial damages of a deadly defect. The SEC said it agreed to a settlement over the accusations, which stem from GM's ignition-switch scandal. Goldman Sachs earnings top estimates Goldman Sachs Group on Wednesday reported fourth-quarter net income of $2.35billion. The company said it had earnings of $5.08 per share. The results beat expectations. Lilly to buy drug maker...
 Monsanto and Bayer say they expect to spend $16 billion on R&D over six years
St. Louis Post-Dispatch (Missouri), January 18, 2017 Wednesday

 A future combined Bayer and Monsanto expects to spend about $16 billion on research and development over the next six years with at least half of the investment made in the United States, the two companies said in a statement on Tuesday.
 Wal-Mart adding 10,000 retail jobs
Arkansas Democrat-Gazette (Little Rock), January 18, 2017 Wednesday

 Wal-Mart Stores Inc. will add 10,000 retail positions in 2017, the Bentonville-based retailer said in a news release Tuesday. The new positions will come from previously announced plans to open 59 stores, expand and remodel others, and new e-commerce services. The retailer also said 24,000 construction jobs will be supported by those efforts. Dan Bartlett, Wal-Mart's executive vice president for corporate affairs, said in a news release the company is "investing to better serve customers."...
 Netflix grows by 7m new subscribers
The Boston Globe, January 19, 2017 Thursday

 LOS ANGELES — Netflix Inc. signed up a record 7.05 million new customers in the fourth quarter, topping analysts' estimates for domestic and international growth to cap the company's first year as a global online TV service. The company added 5.12 million new customers in international markets, according to a statement Wednesday, beating analysts' estimates of 3.78 million. Los Gatos, Calif.-based Netflix also signed 1.93 million new domestic customers, exceeding projections of 1.38 million....
 New protections for farm animals in 2017; Nonprofits, states and big food companies lead the way; New protections for farm animals in 2017
The San Francisco Chronicle (California), January 22, 2017 Sunday

 Concern about the treatment of farm animals has reached such a critical mass that most major food corporations - from McDonald's to Nestle - have recently announced some kind of policy about the welfare of livestock and poultry they purchase, whether it's a transition to cage-free eggs or antibiotic-free meat. That's why it may be surprising to learn that the federal government is basically uninvolved in regulating animal welfare at the farm, except with new rules for USDA-certified organic...
 JPMorgan will pay $55M to settle discrimination suit; Feds allege bank overcharged black, Hispanic borrowers
USA TODAY, January 19, 2017 Thursday

 JPMorgan Chase agreed to a $55 million settlement with the government over allegations that it discriminated against "thousands" of African-American and Latino mortgage borrowers, it was disclosed Wednesday.
 Tiffany, Seeking Sparkle, Vaults a Designer to Its Top Ranks
The New York Times, January 19, 2017 Thursday

 Reed Krakoff, former Coach mastermind and recent cautionary tale after his much-hyped, self-titled women's wear brand closed in 2015, is back -- and having breakfast at Tiffany's. On Tuesday, Tiffany & Company announced that it was naming Mr. Krakoff to the new post of chief artistic officer, making him the first designer in the heritage jeweler's 180-year history to become part of the company's executive suite. His responsibilities will include jewelry, luxury accessories and all imagery,...
 Deutsche Bank to 'Substantially Limit' Bonuses for 2016
The New York Times, January 19, 2017 Thursday

 LONDON -- For top bankers at Deutsche Bank, bonuses are going to be lighter than normal this season. Germany's largest bank said on Wednesday that it would ''substantially limit'' bonuses for the 2016 financial year. The announcement comes after it agreed in December to pay $7.2 billion to resolve an investigation by American authorities into its sale of toxic mortgage securities.
 COMPANY TOWN; NETFLIX REPORTS JUMP IN GLOBAL USERS; Service adds 7 million new subscribers in the quarter, up from forecast of 5.2 million.
Los Angeles Times, January 19, 2017 Thursday

 Netflix Inc. surged past expectations for the fourth quarter, announcing Wednesday that it had added nearly 7.1 million subscribers worldwide, well above its forecast additions of 5.2 million for the quarter.
 Investors Watch Bank of England for Brexit Plan as U.S. Releases Jobs Report; The Week Ahead
The New York Times , July 3, 2016 Sunday 00:00 EST

 Here's a look at the week ahead. ECONOMY  Monetary policy committee to release stability report. Mark Carney, the governor of the Bank of England, will hold a news conference on Tuesday morning in London to present the central bank's semiannual Financial Stability Report. With Mr. Carney and his colleagues on the Monetary Policy Committee expected to take near-term action to ease the stress of Britain's exit from the European Union on the British financial system, investors will be watching...
 By Announcing New Jobs, Corporations Help Themselves Too
The New York Times , January 17, 2017 Tuesday 00:00 EST

 Correction Appended Donald J. Trump won't be sworn in until Friday but big business has already thrown him a veritable inaugural ball. A series of blue-chip companies, among them Ford, Lockheed Martin, Amazon and Sprint, have all announced plans in recent weeks to hire and invest in the United States. A who's who of executives from boardrooms here and overseas have made the pilgrimage to Trump Tower and sought the president-elect's blessing. The near-daily drumbeat of announcements - on Tuesday...
 Ownership of Penguin Random House Poised to Change
The New York Times , January 18, 2017 Wednesday 00:00 EST

 Ownership of one of the world's biggest publishers is poised to change hands after Pearson said on Wednesday that it planned to sell its 47 percent stake in Penguin Random House, home of John Grisham, "The Girl on the Train" and "Game of
 Morgan Stanley Nearly Doubled Profit From Year Earlier Fourth Quarter; Breakingviews
The New York Times , January 17, 2017 Tuesday 00:00 EST

 Morgan Stanley roared in the fourth quarter, but it also exposed the limits of animal spirits. The bank led by James Gorman almost doubled its profit in the period from a year earlier to $1.7 billion. As at rivals, though, return on equity remains subpar.
    

Back to Topic List
Copyright © 2017 LexisNexis, a division of Reed Elsevier Inc. All Rights Reserved.  
Terms and Conditions   Privacy Policy