Tag: Financial performance
Credit Suisse foresees $4.7B charge over hedge fund default
GENEVA — Swiss bank Credit Suisse on Tuesday announced the departure of two top executives and said it expects a one-time charge of 4.4...
German unemployment slightly lower in March
BERLIN — Unemployment in Germany, Europe's biggest economy, was slightly lower in March thanks to seasonal factors, official data showed Wednesday. Extensive use of...
H&M swings to loss, affirms commitment to China market
STOCKHOLM — Low-cost fashion brand Hennes & Mauritz AB on Wednesday reported an expected loss in the first quarter. Meanwhile, the pandemic-hit Swedish company...
H&M swings to loss, affirms commitment to China market
STOCKHOLM — Low-cost fashion brand Hennes & Mauritz AB on Wednesday reported an expected loss in the first quarter. Meanwhile, the pandemic-hit Swedish company...
Free breadsticks and reasons for hope at Olive Garden
The company that runs the Olive Garden chain is raising pay for its workers and handing out one-time bonuses, a sign of optimism from...
GameStop’s 4Q earnings, sales fall short of Street’s views
A hefty tax benefit helped drive GameStop’s fiscal fourth-quarter profit sharply higher, but the video-game retailer’s sales declined despite a surge in its online...
Port operator DP World sees 2020 profits drop 29% amid virus
DUBAI, United Arab Emirates — Dubai-based port operator DP World announced Thursday its profits slid 29% in 2020 from the previous year to $846...
FedEx’s profit nearly triples as online shopping grows
NEW YORK — FedEx said Thursday that its profit nearly tripled in its most recent quarter, despite winter weather that hobbled some of its...
Founders of California fecal matter-testing company indicted
SAN FRANCISCO — Two Silicon Valley entrepreneurs who founded a biotech company that tested fecal matter are accused of bilking their investors and health...
Texas company behind huge electricity bills seeks bankruptcy
The company that drew attention after sending huge electricity bills to customers after last month’s blackout-causing winter storm in Texas has filed for bankruptcy...
