GM Profit, Hit by Recalls, Falls 80%

Wall Street Journal: US Business - 3 hours 40 min ago
GM reported an 80% drop its second-quarter net profit, with earnings hit by $1.5 billion in charges related to vehicle recalls and money set aside to fund a compensation plan for victims of accidents linked to defective ignition-switches.

BP Director to Step Down

Wall Street Journal: US Business - 3 hours 48 min ago
The oil major said that Iain Conn will step down by the end of the year, as U.K. utility Centrica confirms it is in talks with Mr. Conn who may succeed Sam Laidlaw as CEO.

JetBlue CEO Plans to Stay in Role

Wall Street Journal: US Business - 3 hours 49 min ago
JetBlue Chief Executive Dave Barger said Thursday his future role at the company will be "the same as it is today."

McDonald's Sticks With Chinese Meat Supplier

Wall Street Journal: US Business - 3 hours 49 min ago
McDonald's said it will continue to use a longtime meat provider in China, except for the Shanghai facility accused of selling expired chicken and beef. The decision underscores the difficulty in finding safe food suppliers in China.

Vivendi's SFR Unit Hit By Network Outage

Wall Street Journal: US Business - 3 hours 51 min ago
French phone operator SFR was hit by a countrywide network outage for several hours affecting around 4 million customers.

Airline Fatalities Worst Since 2010

Wall Street Journal: US Business - 3 hours 53 min ago
Commercial aviation is in the middle of its deadliest year since 2010, with the recent spate of air disasters making an abrupt break from three straight years of decline in airplane fatalities.

Wal-Mart's U.S. Chief to Leave

Wall Street Journal: US Business - 4 hours 2 min ago
Wal-Mart's U.S. chief, Bill Simon, who struggled to lift sales as it fought off competition from dollar stores and online retailers, will leave the company Aug. 8, the retailer said.

New-Home Sales Tumbled in June

Wall Street Journal: US Economy - 4 hours 8 min ago
New-home sales fell in June and May's reading was revised significantly lower, signs that the U.S. housing recovery is failing to build momentum heading into the second half of the year.

American, United Launch Buybacks

Wall Street Journal: US Business - 4 hours 19 min ago
The parents of American Airlines and United Airlines unveiled stock-buyback plans, continuing the transformation of the country's largest carriers from bankruptcy into some of the most profitable in the world.

3M Profit Up on Demand for Face Masks and Filters

Wall Street Journal: US Business - 4 hours 55 min ago
3M Co. reported a 5.8% increase in profit for the second quarter, fueled partly by stronger sales of respiratory face masks and water-filtration products in China and other developing countries where pollution fears are growing.

Mars Raises U.S. Chocolate Prices

Wall Street Journal: US Business - 4 hours 56 min ago
A unit of Mars Inc. has raised prices for U.S. chocolate products by about 7% to offset rising costs, the M&Ms and Snickers maker said.

Lilly Profit Sinks on Patent Expirations

Wall Street Journal: US Business - 5 hours 29 min ago
Eli Lilly said its second-quarter profit slid 39% as patent expirations for some of its bigger-selling drugs dragged down revenue and volume.

Hermès Bets on Unknown Designer

Wall Street Journal: US Business - 5 hours 49 min ago
French luxury-goods house Hermès International named Nadège Vanhee-Cybulski as its new women's fashion designer, betting on an unknown name who will be dedicated to the house full-time.

U.S. Jobless Hit 8½-Year Low

Wall Street Journal: US Economy - 5 hours 57 min ago
New applications for unemployment benefits plunged last week, reaching an 8½-year low and offering the latest signs of strength in the labor market.

Elliott Unveils 6.7% Stake In Interpublic

Wall Street Journal: US Business - 6 hours 59 sec ago
Activist investor Elliott Management Corp. unveiled a major stake in Interpublic Group of Cos., saying the shares represent an attractive investment opportunity and confirming recent speculation that an activist was building a stake in the advertising firm.

American Airlines Profit Climbs

Wall Street Journal: US Business - 6 hours 13 min ago
American Airlines Group said it posted the highest quarterly profit in the company's history on increased revenue, and unveiled a capital deployment plan.

Caterpillar's Revenue Disappoints

Wall Street Journal: US Business - 6 hours 25 min ago
Caterpillar said its profit rose 4.1% as the machinery maker benefited from lower operating costs and strong construction results, while its mining-related business continued to post weak results.

Southwest Airlines Profit Surges, Beats Expectations

Wall Street Journal: US Business - 6 hours 30 min ago
Southwest Airlines Co. said its second-quarter earnings more than doubled as the carrier reported higher passenger revenue and lower fuel costs.

Supervalu Profit Falls 49%

Wall Street Journal: US Business - 6 hours 45 min ago
Supervalu said its fiscal first-quarter earnings fell 49% as the supermarket operator was hit by weaker margins and a modest sales decline, while the year-earlier period included a tax benefit.

United Continental Profit Rises 68%

Wall Street Journal: US Business - 7 hours 6 min ago
United Continental Holdings said its second-quarter profit surged 68% as passenger revenue climbed.

Pages

Subscribe to Employers Overload aggregator
user login