More heads roll as Nike revisits workplace culture
More than a decade ago, operations management at Nike (NKE) was thrown into turmoil when the company tweaked its supply...
Qualcomm opts for mass layoffs as part of cost-cutting plan
Chipmaker Qualcomm (QCOM), which is trapped in the middle of the trade war between China and the US, is slashing...
General Electric finds itself at the center of the Southwest Airlines fatality
Wednesday’s Southwest Airlines (LUV) incident is arguably the first mid-air miracle since the one on the Hudson. However, the first...
Expenses weigh on Procter & Gamble earnings in Q3
Consumer goods company Procter & Gamble Co. (PG) reported a 1% decline in third-quarter earnings due to increase in costs...
Amazon spills its Prime secret
The numbers are finally out. Amazon.com Inc. (AMZN), which never reveals its Prime membership stats, has now disclosed that it...
Earnings jump 40% for KeyCorp as stock rallies to level losses
Bank holding company KeyCorp (KEY) reported an increase in first-quarter earnings, aided by the higher interest rates and benefits from...
Market: Stocks to open in red as chipmakers disappoint
US futures are pointing to a lower open today after ending mixed on Wednesday. Investors remained cautious as declines in...
Strong product demand boosts Grainger’s first quarter results
Grainger (GWW) reported better-than-expected first quarter results, primarily due to strong demand and better volumes in its US business. The...
P&G ditches Pfizer, picks Merck’s consumer health business
After weeks of offers and speculations, a deal has finally been struck in the consumer health space, though not really...
Quest Diagnostics reports Q1 revenue of $1.88 billion, up 3.7%.
Quest Diagnostics (DGX) reported positive top and bottom line results for its first quarter, with revenue increasing to $1.88 billion,...
Starbucks to close 8,000 stores for a few hours to conduct racial-bias education program
The arrest of two black men from a Starbucks (SBUX) Philadelphia café following a white employee’s 911 call, complaining that...
Danaher reports strong first quarter 2018 results
Danaher Corporation (DHR) posted strong performance for the first quarter of 2018, which was broad-based across most of its platforms,...
Quarterly profit climbs 21% for Kinder Morgan
Kinder Morgan (KMI), which controls North America’s largest network of natural gas pipelines, reported a 20.9% jump in first-quarter earnings...
United Rentals profit surges on rental revenue
Equipment rental operator United Rentals (URI) reported better than expected first quarter earnings backed by higher rental revenue. The company,...
Amex stock sees sharp gains on Q1 earnings beat
Credit card company American Express (AXP) reported better than expected earnings for the first quarter as a marked increase in...
Here is another blow for Bed, Bath & Beyond
Things are going from bad to worse for Bed, Bath & Beyond (BBBY). Last week, the home furnishing retailer reported...
Alibaba rides high on driverless car program
A renewed craving for self-reliance is evident in China’s corporate sector, at a time when international trade is facing major...
This year will be a litmus test for Netflix
Netflix (NFLX) shares are like its shows: full-on action. The stock received a significant boost after it reported earnings results...
Toys R Us rejects offer from Bratz toymaker
Toys R Us rejected an $890-million offer from Isaac Larian, founder of MGA Entertainment Inc., to buy more than 300...
Foes turn friends: Amazon ropes in Best Buy to sell new TV brand
Amazon (AMZN) has once again proved it has no permanent friends or foes. The retailer, which recently came under fire...
Interest income bump lifts US Bancorp in the first quarter
U.S. Bancorp (USB) reported first quarter earnings of $0.96 per share, beating street estimates driven by bump in interest income...