Tag: Financial performance

Nordstrom buys minority share in 4 UK fashion brands

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NEW YORK — Nordstrom says it's acquiring a minority interest in four fashion brands owned by a British company called Asos as the department...

Historic Warsaw store, seeking rebirth, hit by pandemic

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WARSAW, Poland — The Jablkowski Brothers Department Store was once a Warsaw landmark that revolutionized shopping and brought goods to a modernizing society in...

Schumer wants NRA investigated for bankruptcy fraud

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NEW YORK — Senate Majority Leader Chuck Schumer on Sunday called on the Justice Department to investigate the National Rifle Association for bankruptcy fraud,...

More states agree to settlement plan for opioid-maker Purdue

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More than a dozen states have dropped their longstanding objections to OxyContin maker Purdue Pharma's reorganization plan, edging the company closer to resolving its...

Earnings boom is expected a year after pandemic-driven skid

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LOS ANGELES — Wall Street is gearing up for a slew of blockbuster earnings over the next few weeks as companies issue their results...

New auto sales, prices rise as chip shortage cuts US supply

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U.S. consumers continued to spend wildly on new automobiles in the second quarter, pushing sales up 50.2% over last year despite tight dealer inventories...

H&M says profit up by $1.2 billion as world opens up again

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STOCKHOLM — Low-cost fashion brand Hennes & Mauritz AB said Thursday its profit for the second quarter soared by 10 billion kronor ($1.2 billion)...

Walgreens tops fiscal 3Q forecasts as recovery continues

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Walgreens earnings surged past Wall Street expectations for the fiscal third quarter, as the drugstore chain continued to rebuild sales hurt by the COVID-19...

This week: Home prices, Walgreens earnings, June jobs report

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A look at some of the key business events and economic indicators upcoming this week: ...

Nike shares surge premarket on N. American sales, outlook

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Nike's shares are soaring before the opening bell Friday, as the footwear and clothing company posted record fiscal fourth-quarter sales in North America and...