Tag: Financial performance
FedEx posts profit as online shopping boom continues
NEW YORK — FedEx reported a nearly $2 billion profit in its most recent quarter, after reporting a loss the year before, helped by...
Dubai investment arm posts $5.1 billion loss amid pandemic
DUBAI, United Arab Emirates — Dubai’s state-owned sovereign wealth fund announced Tuesday a net loss of $5.1 billion over the past year, highlighting the...
This Week: FedEx, Nike results; rig count
A look at some of the key business events and economic indicators upcoming this week:
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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.
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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...