Tag: Financial performance
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...
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...
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...
OxyContin maker Purdue proposes $10B plan to exit bankruptcy
Purdue Pharma, which helped revolutionize the prescription painkiller business with its drug OxyContin, is proposing a $10 billion plan to emerge from bankruptcy that...
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...
For the first time since COVID, profits are rising again
NEW YORK — The freefall for corporate profits because of the pandemic is over, at least for now.
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Hertz eyes bankruptcy exit through $4.2 billion stake sale
In a deal to jettison itself from under bankruptcy protection, Hertz said Tuesday that it may sell a controlling stake in the company to...
Bankruptcy judge refuses to halt Weinstein Co. plan
WILMINGTON, Del. — The Delaware judge presiding over the Weinstein Co. bankruptcy has rejected a request by four women who have accused disgraced film...
Online sales soar in 4th quarter for retailer Ahold Delhaize
THE HAGUE, Netherlands — Online sales at retailer Ahold Delhaize soared nearly 72% in the final quarter of 2020, the company said Wednesday, as...