TheRepublic.com - Financial performance News

JPMorgan's Dimon survives shareholder referendum

Tue, 21 May 2013 16:00:34 -0400

TAMPA, Florida - Shareholders of JPMorgan Chase voted Tuesday to let Jamie Dimon keep both the chairman and CEO roles, but they signaled that the bank needed better oversight, giving only narrow approval to three of the bank's board members.

NJ's Revel casino exits bankruptcy court

Tue, 21 May 2013 15:45:14 -0400

ATLANTIC CITY, New Jersey - Revel, a brand new but struggling Atlantic City casino, has formally emerged from bankruptcy.

AC's Revel exits bankruptcy court

Tue, 21 May 2013 15:40:45 -0400

ATLANTIC CITY, New Jersey - Revel is bankrupt no more.

Medtronic rises on better-than-expected 4Q results

Tue, 21 May 2013 13:50:39 -0400

MINNEAPOLIS - Medtronic shares rose 5 percent Tuesday after the company reported better-than-expected fourth quarter earnings on sales of implantable heart defibrillators and pacemakers.

Best Buy reports 1Q loss on restructuring costs

Tue, 21 May 2013 13:38:52 -0400

MINNEAPOLIS - Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.

Stock indexes head higher in afternoon trading

Tue, 21 May 2013 13:38:07 -0400

NEW YORK - The stock market turned higher Tuesday as investors banked on continued policy support from the Federal Reserve. Two big retailers also topped Wall Street expectations for the most recent quarter.

Burberry's profit hit by perfume deal's demise

Tue, 21 May 2013 13:01:25 -0400

LONDON - British luxury brand Burberry said Tuesday that rapidly improving business in developing markets was offset by the end of a perfume licensing deal, dragging net profit down 3 percent for the year.

Housing recovery boosts Home Depot 1Q results

Tue, 21 May 2013 11:53:32 -0400

NEW YORK - Home Depot Inc.'s first-quarter net income rose 18 percent, thanks to the ongoing housing recovery, despite a chilly and wet spring.

Protesters rally at FirstEnergy meeting in W.Va.

Tue, 21 May 2013 11:23:20 -0400

MORGANTOWN, West Virginia - At least 200 union workers picketed FirstEnergy's annual shareholder meeting in West Virginia on Tuesday, demanding the Ohio-based utility hire enough people to keep the power on without forcing an ever-shrinking labor force to work as many as 1,800 hours of overtime a year.

Saks 1Q profit falls, but still beats Street view

Tue, 21 May 2013 10:29:05 -0400

NEW YORK - Saks' net income fell 38 percent in the first quarter, but its adjusted results topped analysts' expectations and a key revenue metric climbed.

TJX 1Q net income rises 8 pct, sales increase

Tue, 21 May 2013 10:04:19 -0400

FRAMINGHAM, Massachusetts - TJX, parent company of TJ Maxx and Marshalls clothing stores, said Tuesday its fiscal first-quarter net income rose 8 percent to match Wall Street predictions.

Monro Muffler fiscal 4Q net income falls

Tue, 21 May 2013 09:22:23 -0400

ROCHESTER, New York - Monro Muffler Brake Inc. said Tuesday that its fiscal fourth-quarter net income dropped 23 percent, as tough economic conditions and unfavorable weather reduced customer demand.

Dick's Sporting Goods 1Q net income, revenue up

Tue, 21 May 2013 09:00:19 -0400

PITTSBURGH - Dick's Sporting Goods said Tuesday that its net income rose 13 percent in the first quarter as revenue edged up and some expenses declined.

Futures fall as markets await hints from Fed

Tue, 21 May 2013 07:56:12 -0400

NEW YORK - U.S. stock futures are down in light trading ahead of an appearance this week by Fed Chairman Ben Bernanke before Congress.

Vodafone annual profits up 1.9 percent

Tue, 21 May 2013 07:41:42 -0400

LONDON - U.K.-based mobile telecoms company Vodafone has reported a 1.9 increase in annual profits despite a slowdown in much of its European operations.

Actavis buying Warner Chilcott in $8.5B deal

Mon, 20 May 2013 18:35:24 -0400

NEW YORK - Actavis is buying Warner Chilcott in an all-stock deal valued at about $8.5 billion that would create the third-biggest specialty pharmaceutical company in the U.S. market.

Ryanair keeps growing, reports record profits

Mon, 20 May 2013 13:34:23 -0400

DUBLIN - Ryanair reported record profits Monday as Europe's largest budget airline expanded its route network across the continent and into North Africa.

Shares of Raven Industries fall on 1Q profit drop

Mon, 20 May 2013 13:18:05 -0400

SIOUX FALLS, South Dakota - Shares of Raven Industries Inc. tumbled Monday after the industrial products maker said its fiscal first-quarter net income fell 26 percent, as sluggish economic conditions hurt sales at all of its businesses.

Campbell posts stronger soup sales but V8 declines

Mon, 20 May 2013 13:06:39 -0400

NEW YORK - Campbell Soup reported third-quarter results that beat Wall Street expectations as a colder winter and better ads helped boost soup sales, offsetting a decline in its V8 drinks.

Jamie Dimon under pressure ahead of investor vote

Sun, 19 May 2013 15:36:08 -0400

NEW YORK - Jamie Dimon, chairman and CEO of the country's biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs.

Analyst pegs revenue $3.2B higher than Gov. Brown

Fri, 17 May 2013 18:10:24 -0400

SACRAMENTO, California - The state's independent budget analyst said Friday that California will take in $3.2 billion more in tax revenue than Gov. Jerry Brown estimated, providing Democratic lawmakers an argument to funnel more money into state programs and setting up a spending showdown with the administration.

GM stock rises above $33 for first time in 2 years

Fri, 17 May 2013 16:54:10 -0400

DETROIT - Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years.

Can pricey software streamline US Steel?

Fri, 17 May 2013 10:35:35 -0400

PITTSBURGH - U.S. Steel is spending hundreds of millions of dollars installing powerful software intended to help it manage its business more efficiently, a project that began in 2007 and that chairman and CEO John P. Surma says won't be completed until 2016.

Wal-Mart's 1Q profit, sales disappoint

Thu, 16 May 2013 19:49:06 -0400

NEW YORK - The first few months of the year were tough for Wal-Mart Stores Inc.

J.C. Penney posts bigger 1Q loss than expected

Thu, 16 May 2013 19:37:35 -0400

NEW YORK - The legacy of J.C. Penney's former CEO is being felt at the department-store chain.