Tag: Financial performance
This Week: FedEx, Nike results; rig count
A look at some of the key business events and economic indicators upcoming this week:
...
H&M says sales up 75% as more people get vaccinated
STOCKHOLM — Low-cost fashion brand Hennes & Mauritz AB said Tuesday sales had increased 75% in Q2 and early June, affecting both online purchases...
GM exec: company to announce more battery plants this week
DETROIT — The president of General Motors says his company plans to announce more U.S. battery factories later this week.
...
Bankruptcy court OKs Hertz’s reorganization plan
Hertz will likely emerge from Chapter 11 bankruptcy protection by the end of the month after a bankruptcy court confirmed the reorganization plan for...
Vinyl records surge during pandemic, keeping sales spinning
PORTLAND, Maine — Vinyl record sales surged during the pandemic as music lovers fattened their collections, and audio cassettes began a comeback as well,...
AP Interview: State AG pushes accountability in opioid cases
Massachusetts Attorney General Maura Healey has been a leader in the legal push to hold companies and individuals accountable for the U.S. opioid addiction...
West Virginia gov: Bank deceived family for loan guarantee
CHARLESTON, W.Va. — In a new court filing, West Virginia Gov. Jim Justice blamed a bankrupt U.K. bank for fraudulently inducing him into personally...
GM raises forecast, says chip shortage not as bad as feared
DETROIT — General Motors says efforts to manage the global computer chip shortage have worked better than expected, so it's financial results will improve...
Zoom’s boom continues in 1Q, raising post-pandemic hopes
SAN RAMON, Calif. — Zoom is still booming, raising prospects that the video-conferencing service will be able to sustain its momentum, even as the...
Best Buy raises 2021 comparable store sales expectations
NEW YORK — Three months after saying that comparable store sales may actually fall in 2021, Best Buy on Thursday released a much more...
